ASX 200 stocks hitting fresh 52-week highs and lows – Week 17
Gold stocks continue to shine while several telcos and media names continued to sell off.
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Welcome back to the 52-week Series – A recap of ASX 200 stocks that have tagged a fresh yearly highs and lows in the past week.
52-Week Highs and Lows by Sector
Very few stocks and sectors were able to hit a fresh 52-week high after the ASX 200 tumbled 2.8% last week.
Materials: 9 Highs, 2 Lows
Utilities: 1 High, 0 Lows
Energy, Healthcare, 1 High, 1 Low
Financials, Industrials, Technology, Staples: 0 Highs, 0 Lows
Real Estate: 0 Highs, 1 Low
Discretionary: 0 Highs, 4 Lows
Telecommunication: 0 Highs, 5 Lows
Why do 52-Week Highs and Lows Matter
Here are some of the key points our first 52-Week article:
A research thesis by Thomas J. George and Chuan-Yang Hwang titled The 52-Week High and Momentum Investing concludes that stocks nearing their 52-week high tend to outperform in the future, surpassing the predictive power of past returns.
US trader Mark Minervini also notes that “when you see a growing number of names in a particular industry making new 52-week highs (especially coming off a market low), this could be an indication that a group advance is underway.”
1851 Capital Chief Investment Officer Chris Stott says the numbers are useful in helping to determine which stocks have the momentum to keep making fresh highs. The data is used to identify continuous winners and generate fresh ideas.
Materials at 52-Week Highs
Gold is all the rage right now amid rising geopolitical tensions in the Middle East and strong central bank buying, especially out of China. Prices for the underlying commodity rallied 2.1% last week to close at record highs of US$2,391 an ounce last Friday.
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Alumina | $1.51 | Materials | 0.7% | -1.0% | |
Regis Resources | $2.28 | Materials | 3.2% | 6.5% | |
Northern Star Resources | $15.50 | Materials | 1.3% | 12.7% | |
Silver Lake Resources | $1.44 | Materials | 4.0% | 15.3% | |
Evolution Mining | $4.07 | Materials | 2.3% | 15.6% | |
Ramelius Resources | $2.06 | Materials | 3.3% | 49.8% | |
CSR | $8.86 | Materials | 0.2% | 68.1% | |
Emerald Resources | $3.64 | Materials | 1.4% | 105.7% | |
Red 5 | $0.43 | Materials | 0.0% | 168.8% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 19 April 2024 close
ASX 200 Stocks at 52-Week Highs
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 19 April 2024 close
Telcos at 52-Week Lows
Major telcos and media stocks continued to mark yearly lows last week. The sector is still struggling to find a floor after a post-covid earnings downturn.
Back in February, Macquarie analysts "our investment thesis for traditional media companies is to become more positive when we believe the ad markets bottoming. We think we are 6-12 months away from this point."
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 19 April 2024 close
ASX 200 Stocks at 52-Week Lows
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Woolworths | $31.40 | Consumer Staples | -2.6% | -18.8% | |
The Star Entertainment | $0.42 | Discretionary | -16.8% | -64.8% | |
IDP Education | $16.44 | Discretionary | 1.4% | -41.8% | |
Corporate Travel Management | $15.09 | Discretionary | -8.4% | -28.5% | |
Domino's Pizza | $37.29 | Discretionary | -7.2% | -28.1% | |
Woodside Energy | $29.40 | Energy | -2.7% | -12.7% | |
Sonic Healthcare | $26.27 | Health Care | -3.0% | -27.6% | |
Orora | $2.14 | Materials | -1.4% | -34.8% | |
Arcadium Lithium | $5.86 | Materials | -11.8% | na | |
Lifestyle Communities | $13.90 | Real Estate | -3.0% | -15.0% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 19 April 2024 close
