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. By tracking these 52-week highs and lows, we can spot emerging trends across different stocks and sectors.
When we see clusters of stocks hitting new milestones within a sector, it often signals significant underlying factors – whether it's shifting commodity prices, evolving demand trends (like the current AI boom), or companies exceeding or falling short of earnings expectations.
Industrials: 2 Highs, 0 Lows
Staples: 1 High, 0 Lows
Financials: 0 Highs, 0 Lows
Telecommunication: 0 Highs, 0 Lows
Utilities: 0 Highs, 0 Lows
Discretionary: 0 Highs, 0 Lows
Energy: 0 Highs, 0 Lows
Technology: 0 Highs, 1 Low
Health Care: 0 Highs, 1 Low
Real Estate: 0 Highs, 2 Lows
Materials: 0 Highs, 3 Lows
Not much is happening: The ASX 200 is down around 3% from 3 December 2024 highs. The market's momentum has notably cooled and strong trending sectors from last year such as Financials, Industrials and Discretionary have all retreated approximately 5-10% from their peaks. This broader pullback is reflected in the significant decline in the number of stocks reaching new 52-week highs.
Ticker | Company | Close | Sector | 1 Week | 1 Year |
---|---|---|---|---|---|
Computershare | $34.61 | Industrials | 2.3% | 72.3% | |
Qube Holdings | $4.07 | Industrials | 2.5% | 33.0% | |
Bega Cheese | $5.70 | Staples | -0.7% | 7.3% |
Ticker | Company | Close | Sector | 1 Week | 1 Year |
---|---|---|---|---|---|
Liontown Resources | $0.57 | Materials | 3.6% | -63.2% | |
Ramsay Health Care | $34.61 | Health Care | -0.4% | -48.8% | |
Centuria Industrial | $2.89 | Real Estate | -0.3% | -27.9% | |
Region Group | $2.12 | Real Estate | -2.8% | -27.4% | |
Bluescope Steel | $19.00 | Materials | -1.7% | -11.6% | |
Data#3 | $6.34 | Technology | -1.4% | 12.4% | |
Bellevue Gold | $1.15 | Materials | 1.8% | 42.2% |
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.
Get the latest news and insights direct to your inbox