Data Insights

ASX 200 stocks hitting fresh 52-week highs and lows – Week 25

Mon 24 Jun 24, 10:45am (AEST)
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hub
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nwl
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nab
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ben
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cba
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brg
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all
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pme
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pls
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sgm
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ltm
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dmp
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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

  • Financials: 8 Highs, 0 Lows

  • Technology: 2 Highs, 0 Lows

  • Health Care: 2 Highs, 0 Lows

  • Discretionary: 2 Highs, 1 Low

  • Industrials: 2 Highs, 3 Lows

  • Real Estate: 1 High, 2 Lows

  • Utilities: 1 High, 0 Lows

  • Telecommunication: 1 High, 1 Low

  • Staples: 0 Highs, 0 Lows

  • Energy: 0 Highs, 2 Lows

  • Materials: 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.


What Does the Data Tell Us

  • Relentless financials: The S&P/ASX 200 Financials sector rallied 2.0% last week, outperforming the benchmark by 110 bps. The banking sector's relentless rally continues to confound analysts, who view it as overvalued and fraught with significant risks. UBS believes the sector has been inflated by the influence of large retail investors and technical factors such as index weighting. The analysts continue to view the sector as approximately 20% overvalued and at risk of factors such as slowing credit growth and weakening economy.

  • Lithium spiral: Lithium stocks extended their downward trend last week, mirroring the sharp decline in Chinese lithium carbonate futures. These futures dropped 5.5%, approaching year-to-date lows of 91,900 yuan per tonne. In a notable shift, even long-standing lithium bulls Macquarie have turned bearish on the sector. Last Friday, the broker slashed its earnings forecasts and target prices across the board after reducing its 2024-26 spodumene price targets by 24-33%.


Financials at 52-week highs

Ticker

Company

Close Price

Sector

1 Week

1 Year

HUB

Hub24

$45.27

Financials

0.82%

76.77%

NWL

Netwealth Group

$21.83

Financials

1.68%

60.75%

PNI

Pinnacle Investment Management

$14.04

Financials

5.09%

50.97%

NAB

National Australia Bank

$36.21

Financials

3.40%

40.46%

BEN

Bendigo and Adelaide Bank

$11.33

Financials

0.80%

34.40%

CBA

Commonwealth Bank

$127.68

Financials

1.89%

29.61%

SUN

Suncorp Group

$16.77

Financials

2.32%

24.41%

IAG

Insurance Australia Group

$6.74

Financials

2.28%

19.29%

Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 21 June close

ASX 200 stocks at 52-week highs

Ticker

Company

Close Price

Sector

1 Week

1 Year

BRG

Breville Group

$28.58

Discretionary

2.55%

48.93%

ALL

Aristocrat Leisure

$49.07

Discretionary

5.12%

29.03%

PME

Pro Medicus

$140.49

Health Care

7.11%

115.71%

FPH

Fisher & Paykel

$28.09

Health Care

-1.51%

27.39%

NWH

NRW Holdings

$3.14

Industrials

7.17%

33.05%

ALQ

ALS Limited

$14.39

Industrials

1.91%

28.83%

GMG

Goodman Group

$35.88

Real Estate

0.31%

82.78%

ALU

Altium

$67.91

Technology

0.55%

89.06%

TNE

Technology One

$18.46

Technology

1.60%

21.21%

REA

REA Group

$196.42

Telecommunication

2.26%

48.02%

ORG

Origin Energy

$10.76

Utilities

6.75%

27.19%

Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 21 June close

Materials at 52-week lows

Ticker

Company

Close Price

Sector

1 Week

1 Year

IGO

IGO

$5.58

Materials

-7.62%

-62.95%

PLS

Pilbara Minerals

$3.11

Materials

-4.01%

-36.53%

ORA

Orora

$1.98

Materials

1.28%

-33.78%

SGM

Sims

$10.31

Materials

-1.72%

-30.53%

LTM

Arcadium Lithium

$4.97

Materials

-8.64%

na

Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 21 June close

ASX 200 stocks at 52-week lows

Ticker

Company

Close Price

Sector

1 Week

1 Year

DMP

Domino's Pizza

$36.48

Discretionary

-2.59%

-16.10%

WDS

Woodside Energy

$27.52

Energy

0.95%

-18.44%

KAR

Karoon Energy

$1.72

Energy

2.69%

-11.15%

KLS

Kelsian Group

$4.99

Industrials

0.40%

-29.52%

ALX

Atlas Arteria

$5.08

Industrials

5.61%

-16.72%

WOR

Worley

$14.25

Industrials

0.78%

-8.95%

LLC

Lendlease Group

$5.40

Real Estate

-2.88%

-22.86%

CQE

Charter Hall Social Infrastructure Reit

$2.44

Real Estate

1.24%

-13.78%

SPK

Spark New Zealand

$3.76

Telecommunication

0.00%

-19.83%

Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 21 June close

 

Written By

Kerry Sun

Content Strategist

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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