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Technical Analysis
/ChartWatch ASX Scans: 29Metals, Chalice Mining, Emerald Resources, Newmont, Regis Resources, Sun Silver, Audinate, Mineral Resources
Technical Analysis
ChartWatch ASX Scans: 29Metals, Chalice Mining, Emerald Resources, Newmont, Regis Resources, Sun Silver, Audinate, Mineral Resources
Tue 22 Oct 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: 29METALS (29M), Chalice Mining (CHN), Dropsuite (DSE), Emerald Resources (EMR), Evolution Mining (EVN), James Bay Minerals (JBY), Larvotto Resources (LRV), Pro Medicus (PME), Spartan Resources (SPR), Sun Silver (SS1).
- Interesting downtrends in today's Scans: Audinate Group (AD8), Endeavour Group (EDV), IPH (IPH), Mineral Resources (MIN), Neuren Pharmaceuticals (NEU), OOH!Media (OML), WA1 Resources (WA1).
Welcome to my ChartWatch Daily ASX Scans series. Here I present scan lists based on my trend following technical analysis methodology. My goal is to alert you to the best uptrends and downtrends on the ASX.
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
29METALS | 29M | $0.555 | +40.5% | -5.9% |
Adriatic Metals | ADT | $4.25 | +29.2% | +20.7% |
Antipodes Global Shares ETF | AGX1 | $6.18 | +6.4% | +15.9% |
Global X Uranium ETF | ATOM | $17.06 | +32.0% | +27.4% |
Antipa Minerals | AZY | $0.036 | +63.6% | +188.0% |
Baby Bunting Group | BBN | $2.00 | +21.2% | +4.7% |
Black Cat Syndicate | BC8 | $0.645 | +74.3% | +258.3% |
Car Group | CAR | $37.91 | -0.7% | +29.4% |
Commonwealth Bank of Australia | CBA | $144.45 | 0.0% | +42.4% |
Cobram Estate Olives | CBO | $1.900 | +15.9% | +39.7% |
Chalice Mining | CHN | $1.980 | +43.0% | -2.9% |
Dropsuite | DSE | $3.74 | +10.0% | +49.6% |
Emerald Resources | EMR | $4.41 | +12.8% | +62.1% |
Evolution Mining | EVN | $5.30 | +20.5% | +53.2% |
Vaneck Gold Miners ETF | GDX | $64.85 | +11.1% | +38.6% |
Genesis Minerals | GMD | $2.47 | +17.1% | +60.9% |
Global X Physical Gold ETF | GOLD | $37.54 | +6.9% | +33.5% |
Hearts and Minds Investments | HM1 | $2.97 | +4.2% | +29.7% |
Hub24 | HUB | $68.13 | +19.4% | +114.4% |
James Bay Minerals | JBY | $0.465 | +220.7% | +29.2% |
Larvotto Resources | LRV | $0.520 | +40.5% | +373.4% |
Magellan Financial Group | MFG | $11.45 | +19.1% | +71.7% |
BetaShares Global Gold Miners Hedged ETF | MNRS | $7.42 | +10.6% | +41.3% |
Newmont Corporation | NEM | $86.72 | +10.3% | 0% |
Nickel Industries | NIC | $0.965 | +14.2% | +19.9% |
Northern Star Resources | NST | $17.41 | +8.7% | +51.7% |
Netwealth Group | NWL | $28.31 | +17.3% | +91.4% |
Nexgen Energy | NXG | $12.31 | +35.9% | +37.7% |
Pro Medicus | PME | $195.34 | +13.5% | +143.2% |
Perseus Mining | PRU | $2.96 | +13.0% | +76.2% |
Redox | RDX | $3.68 | +14.3% | +56.6% |
REA Group | REA | $227.72 | +14.4% | +43.2% |
Regal Investment Fund | RF1 | $3.56 | +10.9% | +29.5% |
Ramelius Resources | RMS | $2.48 | +13.8% | +42.5% |
Regal Partners | RPL | $3.94 | +17.6% | +107.4% |
Regis Resources | RRL | $2.75 | +36.1% | +69.8% |
Resolute Mining | RSG | $0.875 | +21.5% | +143.1% |
Seek | SEK | $25.63 | +5.7% | +12.1% |
Ricegrowers | SGLLV | $9.22 | +5.0% | +49.7% |
Sims | SGM | $13.40 | +8.4% | +1.9% |
Silex Systems | SLX | $5.31 | +39.4% | +72.4% |
Spartan Resources | SPR | $1.605 | +15.9% | +342.6% |
Sun Silver | SS1 | $1.120 | +44.5% | 0% |
Tasmea | TEA | $2.72 | +29.5% | 0% |
Titan Minerals | TTM | $0.550 | +22.2% | +50.6% |
BetaShares Global Uranium ETF | URNM | $9.64 | +31.5% | +18.3% |
VGI Partners Global Investments | VG1 | $2.06 | +11.7% | +31.6% |
Ventia Services Group | VNT | $4.75 | +4.4% | +70.3% |
Vulcan Energy Resources | VUL | $4.82 | +23.6% | +81.2% |
Westgold Resources | WGX | $3.26 | +19.9% | +70.7% |
Xero | XRO | $151.00 | +0.6% | +32.5% |
Today's Uptrends Scan List
Feature charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: 29METALS (ASX: 29M), Adriatic Metals (ASX: ADT), Global X Uranium ETF (ASX: ATOM), Black Cat Syndicate (ASX: BC8), Commonwealth Bank of Australia (ASX: CBA), Chalice Mining (ASX: CHN), Dropsuite (ASX: DSE), Emerald Resources (ASX: EMR), Evolution Mining (ASX: EVN), Vaneck Gold Miners ETF (ASX: GDX), Genesis Minerals (ASX: GMD), Hub24 (ASX: HUB), James Bay Minerals (ASX: JBY), Larvotto Resources (ASX: LRV), Newmont Corporation (ASX: NEM), Northern Star Resources (ASX: NST), Pro Medicus (ASX: PME), Perseus Mining (ASX: PRU), Ramelius Resources (ASX: RMS), Regal Partners (ASX: RPL), Regis Resources (ASX: RRL), Spartan Resources (ASX: SPR), Sun Silver (ASX: SS1), Tasmea (ASX: TEA), VGI Partners Global Investments (ASX: VG1), Westgold Resources (ASX: WGX).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $9.54 | +1.1% | -30.4% |
Ampol | ALD | $28.46 | -0.2% | -10.9% |
APA Group | APA | $7.17 | -5.0% | -11.0% |
Corporate Travel Management | CTD | $11.53 | -5.3% | -32.0% |
Endeavour Group | EDV | $4.78 | -5.9% | -9.3% |
Flight Centre Travel Group | FLT | $17.31 | -21.0% | -10.5% |
Infomedia | IFM | $1.480 | -9.2% | -5.1% |
IPH | IPH | $5.48 | -6.5% | -23.8% |
Karoon Energy | KAR | $1.440 | -5.0% | -45.3% |
Mineral Resources | MIN | $39.55 | +7.8% | -37.8% |
Monash IVF Group | MVF | $1.180 | +0.9% | -7.5% |
Neuren Pharmaceuticals | NEU | $12.91 | -9.0% | +17.4% |
OOH!Media | OML | $1.200 | -8.4% | -17.8% |
Skycity Entertainment Group | SKC | $1.220 | -3.9% | -30.7% |
Spark New Zealand | SPK | $2.70 | -10.3% | -41.6% |
WA1 Resources | WA1 | $13.04 | -10.4% | +180.4% |
Today's Downtrends Scan List
Feature charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Audinate Group (ASX: AD8), Endeavour Group (ASX: EDV), IPH (ASX: IPH), Mineral Resources (ASX: MIN), Neuren Pharmaceuticals (ASX: NEU), OOH!Media (ASX: OML), WA1 Resources (ASX: WA1).
Charts of each below:
ChartWatch Primer
For a detailed explanation of Carl's technical analysis methodology, be sure to check out this ChartWatch Primer.
Important considerations when using the ChartWatch Daily ASX Scans:
1. The future is unknown. Anything can happen to change the trends in the lists above. A stock in a perfect uptrend or downtrend may not remain that way by the close of trading today. 2. These lists are not exhaustive, they are curated by Carl. You will find that certain stocks might not appear in a particular list on consecutive days but might reappear when Carl feels it deserves to return to the list. 3. This is not a recommendation service, merely an aid to help you better understand the workings of Carl’s technical analysis model in a practical way. Carl will not alert you to stocks that have dropped off a list because their trend has changed – it is up to you to apply the criteria to determine why a particular stock might not still be included. 4. This is general, educational information only – always do your own research.
Carl has over 30-years investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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