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The 10 most overbought and oversold ASX 200 stocks – Week 18
Mon 29 Apr 24, 2:03pm (AEST)
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ASX 200 stocks with fresh 52-week highs and lows – Week 4
By
Kerry Sun
Mon 22 Jan 24, 12:00pm (AEST)
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Stocks in article
Welcome back to the 52-week Series – A recap of ASX 200 stocks marking yearly highs and lows in the past week.
52-Week Highs and Lows by Sector
Financials: 6 Highs, 0 Lows
Discretionary: 3 Highs, 0 Lows
Energy: 2 Highs, 1 Low
Materials, 2 Highs, 8 Lows
Communication Services, Industrials, Staples, Healthcare, Technology: 1 High, 0 Lows
Real Estate, 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
Last week we noted how "large cap retailers are pushing higher, backed by sound earnings." They continue to do so, although the stocks are beginning to stall
A number of banks, insurers and investment administrators hit 52-week highs last week. The sector continues to push higher, with ANZ and CBA both hitting record highs on Monday
Uranium stocks are in the midst of a pullback after a sector wide move to decade highs
Battery metal stocks continue their downward spiral, notably Arcadium Lithium, Liontown Resources, IGO, Nickel Industries, Chalice Mining and Sayona
ASX 200 Financials at 52-Week Highs
Ticker | Company Name | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Helia | $4.58 | Financials | 3.4% | 65.9% | |
Hub24 | $36.98 | Financials | 0.9% | 48.2% | |
Netwealth | $17.12 | Financials | 5.0% | 37.8% | |
Medibank Private | $3.85 | Financials | 1.6% | 32.8% | |
ANZ | $26.13 | Financials | 0.9% | 5.6% | |
Commonwealth Bank | $113.28 | Financials | -0.3% | 4.3% |
Data as at Friday, 19 January 2024 close for any ASX 200 company that hit a 52-week low last week
... And Everything Else
Ticker | Company Name | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Car Group | $31.90 | Communication Services | 0.6% | 42.4% | |
Super Retail Group | $16.11 | Discretionary | 1.9% | 28.9% | |
JB Hi-Fi | $57.23 | Discretionary | -1.1% | 19.0% | |
Wesfarmers | $57.16 | Discretionary | -0.5% | 15.9% | |
Boss Energy | $5.40 | Energy | 6.1% | 136.8% | |
Paladin Energy | $1.23 | Energy | 2.1% | 61.8% | |
Pro Medicus | $99.69 | Health Care | 4.7% | 60.5% | |
Johns Lyng | $6.85 | Industrials | 0.2% | 13.2% | |
Emerald Resources | $3.16 | Materials | -1.3% | 135.8% | |
CSR | $6.77 | Materials | 3.8% | 30.2% | |
Inghams | $4.26 | Staples | 4.4% | 47.9% | |
Data#3 | $9.12 | Technology | 8.4% | 27.6% |
Data as at Friday, 19 January 2024 close for any ASX 200 company that hit a 52-week low last week
ASX 200 stocks at 52-week lows
Ticker | Company Name | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Karoon Energy | $1.84 | Energy | -6.1% | -14.0% | |
Arcadium Lithium | $8.09 | Materials | -9.3% | na | |
Newmont Corp | $52.60 | Materials | -5.2% | na | |
Liontown Resources | $1.20 | Materials | -19.5% | -13.1% | |
Lynas Rare Earths | $5.95 | Materials | -6.9% | -31.6% | |
Nickel Industries | $0.59 | Materials | -10.7% | -46.1% | |
IGO | $7.20 | Materials | -10.7% | -51.1% | |
Sayona Mining | $0.05 | Materials | -18.2% | -82.4% | |
Chalice Mining | $1.07 | Materials | -16.7% | -84.1% |
Data as at Friday, 19 January 2024 close for any ASX 200 company that hit a 52-week low last week
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