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Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 7
By
Kerry Sun
Mon 12 Feb 24, 12:00pm (AEST)
Source: Shutterstock
Stocks in article
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: 5 Highs, 0 Lows
Energy: 4 Highs, 0 Lows
Real Estate: 4 Highs, 0 Lows
Technology: 4 Highs, 0 Lows
Discretionary: 4 Highs, 1 Low
Materials: 3 Highs, 7 Lows
Communication Services: 3 Highs, 0 Lows
Industrials: 2 Highs, 1 Low
Healthcare and Staples: 2 Highs, 0 Lows
Utilities: 0 Highs, 0 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 found that a) the closer a stock's current price is to its 52-week high, the stronger the stock performs in the subsequent period and b) nearness to the 52-week high is a better predictor of future returns than 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.” In 2023, this proved useful for identifying moves made by construction and building materials, iron ore and insurance stocks.
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
Retail is running hot: Large cap retailers are grinding higher and there's no shortage of better-than-expected results from names including JB Hi-Fi, Nick Scali and Myer.
Broad-based strength in financials: Analysts are extremely bullish on the insurance sector right now, expecting insurers to benefit from higher rates and pricing power.
AI, AI and AI: We might not have any megacap tech stocks but our largest AI-related names like Megaport, NextDC and Data#3 are all moving out to fresh highs.
Another week, another low for battery metals: It's like a never-ending nightmare for names like Arcadium Lithium, Core Lithium and Chalice Mining. The stocks love to spiral lower, stage a small bounce and continue lower.
Retailers go from strength-to-strength
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Aristocrat Leisure | $43.72 | Discretionary | -2.1% | 21.8% | |
Wesfarmers | $58.11 | Discretionary | -1.3% | 17.8% | |
Harvey Norman | $4.65 | Discretionary | 5.7% | 12.3% | |
Premier Investments | $28.34 | Discretionary | 0.4% | 6.9% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 9 February 2024.
Banks, Insurers and Fund Managers push higher
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Insurance Australia Group | $6.23 | Financials | 2.1% | 32.3% | |
QBE Insurance Group | $16.52 | Financials | 2.1% | 24.9% | |
Pinnacle Investment Management | $10.77 | Financials | -0.7% | 12.4% | |
ANZ | $27.68 | Financials | 1.5% | 7.7% | |
Westpac | $24.37 | Financials | 1.3% | 2.2% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 9 February 2024.
AI proliferation and tailwinds
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Megaport | $12.91 | Technology | -0.7% | 119.6% | |
NextDC | $14.40 | Technology | 0.7% | 43.5% | |
Data#3 | $9.84 | Technology | 2.5% | 35.7% | |
Altium | $51.51 | Technology | -0.7% | 34.4% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 9 February 2024.
Real Estate stocks begin to hit a 52-week high
Ticker | Company |
| Close Price | Sector | 1 Week | 1 Year |
HMC Capital |
| $6.30 | Real Estate | 2.6% | 38.2% | |
Goodman Group |
| $26.64 | Real Estate | -1.3% | 34.7% | |
Stockland |
| $4.61 | Real Estate | 1.5% | 18.2% | |
Scentre Group |
| $3.14 | Real Estate | 1.3% | 7.2% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 9 February 2024.
The other sectors and stocks making 52-week highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
News Corp | $41.89 | Communication Services | 6.7% | 49.6% | |
Car Group | $33.47 | Communication Services | -0.3% | 49.6% | |
Spark New Zealand | $4.90 | Communication Services | -1.4% | 1.5% | |
Inghams Group | $4.31 | Staples | -0.7% | 56.2% | |
Graincorp | $8.29 | Staples | 1.5% | 14.3% | |
Boss Energy | $5.23 | Energy | -14.4% | 105.9% | |
Paladin Energy | $1.33 | Energy | -3.6% | 74.3% | |
Viva Energy | $3.67 | Energy | 1.9% | 26.6% | |
Ampol | $36.71 | Energy | -0.1% | 19.3% | |
Pro Medicus | $106.77 | Health Care | 1.9% | 63.6% | |
Cochlear | $322.73 | Health Care | 4.3% | 52.5% | |
Ventia Services | $3.24 | Industrials | -0.3% | 32.2% | |
Johns Lyng Group | $7.09 | Industrials | 4.9% | 27.1% | |
James Hardie | $59.28 | Materials | -0.1% | 84.9% | |
Boral | $5.86 | Materials | 10.4% | 62.3% | |
Fortescue | $28.26 | Materials | -4.9% | 28.5% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 9 February 2024.
Stocks making 52-week lows
Ticker | Company Name | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
IDP Education | $19.33 | Discretionary | 0.1% | -38.1% | |
Fletcher Building | $3.94 | Industrials | -7.7% | -20.2% | |
Newmont Corp | $50.98 | Materials | -7.0% | na | |
Arcadium Lithium | $7.07 | Materials | -2.1% | na | |
Liontown Resources | $1.12 | Materials | 14.4% | -22.6% | |
Lynas Rare Earths | $5.90 | Materials | 1.2% | -32.8% | |
IGO | $7.15 | Materials | -1.9% | -50.8% | |
Core Lithium | $0.19 | Materials | -2.6% | -81.8% | |
Chalice Mining | $1.04 | Materials | 10.1% | -83.9% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 9 February 2024.
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