• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets

Moving average cross over alert

Uche Ndimele by Uche Ndimele
December 19, 2018
in Markets, Stock Market
Moving averages, MTN, Stanbic lead Nigerian stocks to a hat trick at Nigerian Stock Market
Share on FacebookShare on TwitterShare on Linkedin

In my article on using moving average cross overs as a stock picking strategy, I did promise to be sending alerts as I find them. This article is the first of such alerts based on stocks that are either approaching or forming death or golden cross. I did explain what those (Death and Golden Crosses) mean, but for the benefit of those who did not or have not read that article, may I surmise here that a golden cross occurs when a shorter term moving average crosses above a longer-term moving average to generate a buy signal. On the other hand, a death cross occurs when a shorter term moving average crosses below a longer-term moving average to generate a sell signal. In this article, the short-term moving average is the 50-day simple moving average (SMA) represented by the 10 week SMA on the charts, while the longer term moving average is the 200-day SMA represented by the 40-week SMA on the chart.

AIICO Plc is approaching a death Cross

AIICO Plc is flashing a death cross and investors may be better off being eagle eyed about the trends being exhibited by the stock. Technically speaking, there have been some unfavourable trends on the moving average cross over perspective. Recently, the 50-day Simple Moving Average (SMA) of AIICO Plc is fast approaching the point at which it will break out below the 200-day SMA.

RelatedStories

Adverse effects of high-interest rate spreads on the Nigerian economy

Fidelity Bank denies bribery allegation against MD, clarifies N5 billion bail bond

June 17, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy

Fidelity Bank, Union Bank increase SMS alert fees by 50% amid telecom tariff hike 

May 1, 2025

AIICO stock has moved lower by 13.75% in the past 3 months. And with the recent posture of moving average crossover as can be seen in the above chart, more unfavourable trading may be ahead for AIICO stock. On the basis of the crossover alert, AIICO Plc may be a stock to avoid, at least for now.

Continental Reinsurance is forming Golden Cross

Unlike AIICO Plc which is flashing a death cross, Continental Reinsurance is flashing a golden cross as the 50-day moving average is at the verge of crossing above the 200-day moving average.

Proposed Acquisition: The rally being witnessed by Continental Reinsurance sequel to a proposed acquisition by CRe African Investments Limited to acquire all the outstanding and issued shares Continental Reinsurance Plc. The proposed acquisition is offering N2.04 for every share of Continental Reinsurance plc which overs 10% premium over the current price of the stock. Based on the crossover alert, Continental Reinsurance stock may be a stock to buy.

Fidelity Bank Plc Approaches a Golden Cross

Another stock that is approaching or gradually forming a golden cross is Fidelity Bank Plc. Although the company may be reeling under the part it played in the Mrs Madueke saga and the rumours going around as to whether its former managing director, Nnamdi Okonkwo had jumped bail or went abroad on medical treatment, Fidelity Plc stock looks like a good pick from technical analysis point of view. The company has seen some favourable trends recently and the stock price has moved up 20.12% since the last 3 months. The last time the stock had a golden cross was on May 23, 2017 and it kept its bullish run then till January 18th, 2018. But then, the stock hit a death cross on June 12th, 2018 and as can be seen in the chart below, it seems to be approaching another golden cross if its current trend continues.

On the earnings front, Fidelity Bank is not doing badly as its 9-month financial report indicates that profit soared to N20 billion. Its “Gross Earnings grew by 6.9% to ₦139.0 billion from ₦130.1 billion reported in the same period in 2017 whilst profit-before-tax soared by 23.6% from ₦16.2 billion to ₦20.1 billion”. In the same token, total assets grew by 21.9 % to ₦1,680.8 billion from ₦1,379.2 billion in the same period last year. On the basis of the now forming golden cross, Fidelity Bank shares may be something to keep an eye on.

Disclaimer: The author of this article holds investments in AIICO plc and Fidelity Plc, none of which has been the motivation for this article.


Follow us for Breaking News and Market Intelligence.
Tags: AIICO InsuranceAIICO Insurance - NewsContinental ReinsuranceFidelity BankOn the Money
Uche Ndimele

Uche Ndimele

Uchenna Ndimele is the President of Quantitative Financial Analytics Ltd. MutualfundsAfrica.com and mutualfundsnigeria.com (both Quantitative Financial Analytics company website) is a leader in supplying mutual fund information, analysis, and commentary on African mutual funds. We provide reliable fund data; and ratings information that will add value to fund managers, the media, individual investors and investment clubs.

Related Posts

Adverse effects of high-interest rate spreads on the Nigerian economy
Financial Services

Fidelity Bank denies bribery allegation against MD, clarifies N5 billion bail bond

June 17, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy
Financial Services

Fidelity Bank, Union Bank increase SMS alert fees by 50% amid telecom tariff hike 

May 1, 2025
Best performing Nigerian banks in 2022 judging by their numbers 
Exclusives

Debtors incur N8.4 trillion in interests payments to Nigerian banks in 2024

April 25, 2025
Nigerian Banks
Exclusives

Which Nigerian banks pay their staff the most and the least in 2024 

April 22, 2025
Rights Issue: Sovereign Trust Insurance Plc lists 2.864 billion ordinary shares on NGX
Equities

Top 10 insurance companies based on premiums received in FY 2024 

April 19, 2025
Nigerian Stock Exchange
Equities

All-Share Index ascends back to 104,000, gains 0.38%; MTN and FIDELITY BANK lead trading value 

April 18, 2025
Next Post
BHH Podcast, 2019 Business outlook for SMEs

BHH Podcast: 2019 Business outlook for SMEs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Dangote Refinery cuts petrol ex-depot price to N820 per litre in fresh adjustment 
  • Okra charts new path to scale payments business  
  • EFCC arraigns Bigibet gaming platform founder Adepoju Abiodun for alleged N855m fraud  

Follow us on social media:

Recent News

Transmission lines in Cross River, Rivers have been vandalized severally in over 2 months – TCN

Dangote Refinery cuts petrol ex-depot price to N820 per litre in fresh adjustment 

July 8, 2025
Okra charts new path to scale payments business  

Okra charts new path to scale payments business  

July 8, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics