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Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 8
By
Kerry Sun
Mon 19 Feb 24, 11:52am (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: 10 Highs, 0 Lows
Industrials: 9 Highs, 2 Lows
Real Estate: 5 Highs, 0 Lows
Discretionary: 5 Highs, 0 Lows
Energy: 3 Highs, 1 Low
Communication Services: 2 Highs, 0 Lows
Health Care: 2 Highs, 0 Lows
Materials: 1 High, 4 Lows
Staples and 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
Different week, same sectors – The data continues to show us persistent trends such as strong across the financials sector (including major banks, insurers and asset managers) and discretionary space (Wesfarmers rallied more than 5% on better-than-expected half-year results)
Industrials showing up: A broader number of industrial names are beginning to appear in the 52-week highs list. A few notable names include Seven Group (reported better-than-expected results) as well as Ventia Services, Downer EDI and Johns Lyng Group
Momentum across the Financials sector
Ticker | Company Name | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Netwealth Group | $17.69 | Financials | 1.0% | 29.3% | |
Insurance Australia Group | $6.08 | Financials | -2.4% | 25.9% | |
ANZ | $28.42 | Financials | 2.7% | 15.2% | |
Pinnacle Investment Management | $11.19 | Financials | 3.9% | 13.5% | |
Suncorp Group | $14.37 | Financials | 0.4% | 12.4% | |
QBE Insurance | $16.11 | Financials | -2.5% | 12.0% | |
National Australia Bank | $33.07 | Financials | 2.2% | 10.8% | |
Westpac | $24.57 | Financials | 0.8% | 7.9% | |
Bendigo and Adelaide Bank | $9.89 | Financials | 1.4% | 2.9% | |
Macquarie Group | $192.70 | Financials | 1.0% | 2.0% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 16 February 2024 close.
Industrials Resurgence
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Smartgroup | $9.60 | Industrials | 3.1% | 71.1% | |
Seven Group | $40.77 | Industrials | 10.0% | 67.2% | |
Reece | $23.12 | Industrials | 1.4% | 36.2% | |
Ventia Services | $3.28 | Industrials | 1.2% | 31.7% | |
Downer EDI | $5.06 | Industrials | 16.3% | 28.4% | |
Reliance Worldwide | $4.41 | Industrials | 1.9% | 26.7% | |
Johns Lyng | $7.18 | Industrials | 1.3% | 26.2% | |
Brambles | $15.28 | Industrials | 0.9% | 26.0% | |
Qube Holdings | $3.30 | Industrials | 0.0% | 9.3% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 16 February 2024 close.
And Everything Else
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Car Group | $34.54 | Communication Services | 3.2% | 51.3% | |
Seek Limited | $25.35 | Communication Services | -5.2% | 2.3% | |
JB Hi-Fi | $64.46 | Discretionary | 14.0% | 41.6% | |
Wesfarmers | $62.95 | Discretionary | 8.3% | 23.2% | |
Harvey Norman | $4.74 | Discretionary | 1.9% | 14.2% | |
ARB Corp | $35.98 | Discretionary | 0.7% | 13.9% | |
Premier Investments | $28.79 | Discretionary | 1.6% | 5.5% | |
Viva Energy | $3.66 | Energy | -0.3% | 21.6% | |
Beach Energy | $1.79 | Energy | 8.2% | 20.5% | |
Ampol | $37.59 | Energy | 2.4% | 18.3% | |
Cochlear | $334.54 | Health Care | 3.7% | 48.7% | |
Pro Medicus | $87.24 | Health Care | -18.3% | 37.3% | |
Boral | $5.85 | Materials | -0.2% | 52.3% | |
Goodman Group | $28.61 | Real Estate | 7.4% | 43.9% | |
HMC Capital | $6.52 | Real Estate | 3.5% | 42.4% | |
Stockland | $4.69 | Real Estate | 1.7% | 20.9% | |
Ingenia Communities | $4.82 | Real Estate | 5.9% | 4.3% | |
Centuria Industrial | $3.40 | Real Estate | 1.5% | 4.0% | |
Megaport | $13.31 | Technology | 3.1% | 111.9% | |
Altium | $66.00 | Technology | 28.1% | 63.5% | |
Nextdc | $15.03 | Technology | 4.4% | 48.9% | |
Data#3 | $7.69 | Technology | -21.9% | 8.2% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 16 February 2024 close.
ASX 200 stocks making 52-week lows
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Strike Energy | $2.88 | Energy | -31.0% | -12.1% | |
Atlas Arteria | $50.51 | Industrials | -0.6% | -20.3% | |
Newmont Corp | $5.38 | Materials | -0.9% | na | |
Gold Road | $1.42 | Materials | -1.1% | -2.1% | |
Fletcher Building | $3.35 | Materials | -15.0% | -25.2% | |
Lynas Rare Earths | $5.97 | Materials | 1.2% | -28.0% | |
South32 | $0.29 | Materials | -8.3% | -36.4% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 16 February 2024 close
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