Evening Wrap: ASX 200 higher, Wesfarmers soars on Goldman Sachs upgrade, Energy stocks slump
Fri 24 Jan 25, 4:57pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Accent Group, Benz Mining, Brightstar Resources, Codan, Capricorn Metals, Kogan.Com, Spartan Resources, Iluka
Technical Analysis
ChartWatch ASX Scans: Accent Group, Benz Mining, Brightstar Resources, Codan, Capricorn Metals, Kogan.Com, Spartan Resources, Iluka
Fri 06 Dec 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Benz Mining (BNZ), Brightstar Resources (BTR), Bravura (BVS), Codan (CDA), Capricorn Metals (CMM), Coles (COL), Dropsuite (DSE), Emeco (EHL), Genesis Minerals (GMD), Iperionx (IPX), JB HI-FI (JBH), Kogan.Com (KGN).
- Interesting downtrends in today's Scans: Audinate (AD8), Boss Energy (BOE), Collins Foods (CKF), Coronado (CRN), Droneshield (DRO), Iluka (ILU), Ioneer (INR), Lifestyle Communities (LIC), Liontown Resources (LTR), Paladin (PDN), Pilbara Minerals (PLS).
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 % |
AMP | AMP | $1.660 | +11.8% | +75.7% |
Ansell | ANN | $33.88 | +7.1% | +43.9% |
BetaShares Australian Quality ETF | AQLT | $32.46 | +5.6% | +31.1% |
ASX | ASX | $68.44 | +5.1% | +17.4% |
BetaShares Australian Tech ETF | ATEC | $31.70 | +12.7% | +62.1% |
Accent Group | AX1 | $2.59 | +9.7% | +38.9% |
Benz Mining Corp. | BNZ | $0.400 | +37.9% | 0% |
Breville Group | BRG | $35.93 | +14.1% | +48.5% |
Brightstar Resources | BTR | $0.029 | +16.0% | +123.1% |
Bravura Solutions | BVS | $2.15 | +53.6% | +182.9% |
Codan | CDA | $16.51 | +3.3% | +93.1% |
Capricorn Metals | CMM | $6.98 | +13.7% | +45.4% |
Coles Group | COL | $19.22 | +9.8% | +25.9% |
BetaShares Crypto Innovators ETF | CRYP | $8.76 | +44.1% | +136.8% |
Dropsuite | DSE | $4.65 | +18.0% | +97.9% |
Emeco | EHL | $0.935 | +23.0% | +55.8% |
Evolution Mining | EVN | $5.15 | +0.8% | +27.5% |
Genesis Minerals | GMD | $2.63 | +17.9% | +39.2% |
Gold Road Resources | GOR | $2.07 | +8.7% | +4.8% |
GTN | GTN | $0.600 | +29.0% | +42.9% |
Hearts and Minds Investments | HM1 | $3.23 | +8.4% | +36.9% |
Hub24 | HUB | $77.42 | +10.2% | +129.8% |
Incitec Pivot | IPL | $3.21 | +5.6% | +22.7% |
Iperionx | IPX | $4.79 | +46.5% | +260.2% |
JB HI-FI | JBH | $94.19 | +14.1% | +97.2% |
Kogan.Com | KGN | $5.43 | +11.5% | +1.3% |
Magnetic Resources | MAU | $1.350 | +11.6% | +32.4% |
Meeka Metals | MEK | $0.085 | +23.2% | +136.1% |
Magellan Financial Group | MFG | $11.95 | +17.5% | +55.8% |
Maas Group | MGH | $4.96 | +6.9% | +37.4% |
Mystate | MYS | $4.17 | +8.9% | +37.2% |
Objective Corporation | OCL | $18.23 | +12.3% | +54.4% |
Orica | ORI | $18.69 | +6.9% | +19.9% |
Pro Medicus | PME | $268.00 | +35.3% | +203.9% |
Premier Investments | PMV | $36.73 | +10.8% | +40.2% |
Pinnacle Investment | PNI | $24.73 | +23.1% | +177.2% |
Praemium | PPS | $0.775 | +18.3% | +86.7% |
Perseus Mining | PRU | $2.80 | +2.2% | +37.9% |
Regis Healthcare | REG | $6.86 | +4.9% | +139.0% |
Ramelius Resources | RMS | $2.29 | +1.8% | +30.9% |
Regis Resources | RRL | $2.70 | +3.4% | +38.8% |
Rpmglobal | RUL | $3.34 | +13.2% | +121.2% |
Supply Network | SNL | $33.10 | +10.0% | +111.5% |
Spartan Resources | SPR | $1.570 | +2.3% | +247.3% |
Smart Parking | SPZ | $0.915 | +25.3% | +157.7% |
Technology One | TNE | $32.08 | +26.4% | +108.9% |
Temple & Webster Group | TPW | $13.07 | +10.8% | +56.0% |
Tuas | TUA | $5.68 | +8.4% | +116.8% |
Vaneck Bitcoin ETF | VBTC | $32.69 | +39.1% | 0% |
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: Ansell (ASX: ANN), BetaShares Australian Quality ETF (ASX: AQLT), Accent Group (ASX: AX1), Benz Mining Corp. (ASX: BNZ), Brightstar Resources (ASX: BTR), Bravura Solutions (ASX: BVS), Codan (ASX: CDA), Capricorn Metals (ASX: CMM), Coles Group (ASX: COL), BetaShares Crypto Innovators ETF (ASX: CRYP), Dropsuite (ASX: DSE), Emeco (ASX: EHL), Genesis Minerals (ASX: GMD), Gold Road Resources (ASX: GOR), GTN (ASX: GTN), Hearts and Minds Investments (ASX: HM1), Hub24 (ASX: HUB), Iperionx (ASX: IPX), JB HI-FI (ASX: JBH), Kogan.Com (ASX: KGN), Meeka Metals (ASX: MEK), Magellan Financial Group (ASX: MFG), Mystate (ASX: MYS), Premier Investments (ASX: PMV), Praemium (ASX: PPS), Perseus Mining (ASX: PRU), Regis Healthcare (ASX: REG), Regis Resources (ASX: RRL), Rpmglobal (ASX: RUL), Supply Network (ASX: SNL), Spartan Resources (ASX: SPR), Technology One (ASX: TNE), Vaneck Bitcoin ETF (ASX: VBTC).
Charts below (Note: Only the first 20 in alphabetical order are shown below):
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $7.87 | -15.9% | -46.1% |
Aurizon | AZJ | $3.37 | -2.6% | -6.6% |
Bannerman Energy | BMN | $2.72 | -5.6% | +1.1% |
Boss Energy | BOE | $2.60 | -19.3% | -39.0% |
Centuria Industrial Reit | CIP | $2.91 | -4.3% | -5.2% |
Collins Foods | CKF | $8.07 | -5.2% | -27.5% |
Centuria Office Reit | COF | $1.155 | -4.9% | -9.8% |
Charter Hall Retail Reit | CQR | $3.27 | -3.3% | -0.3% |
Coronado Global Resources | CRN | $0.825 | -17.9% | -51.5% |
Droneshield | DRO | $0.695 | -27.2% | +127.9% |
Endeavour Group | EDV | $4.36 | -8.0% | -14.3% |
Healthco Healthcare & Wellness | HCW | $1.095 | -3.1% | -22.6% |
Iluka Resources | ILU | $5.48 | -6.8% | -22.2% |
Ioneer | INR | $0.180 | -21.7% | +24.1% |
Lifestyle Communities | LIC | $8.82 | -4.8% | -47.0% |
Lotus Resources | LOT | $0.215 | -15.7% | -25.9% |
Liontown Resources | LTR | $0.650 | -17.2% | -52.2% |
Meteoric Resources | MEI | $0.091 | -13.3% | -55.6% |
Neuren Pharmaceuticals | NEU | $12.76 | -3.8% | -14.4% |
Novonix | NVX | $0.685 | +0.7% | 0% |
Paladin Energy | PDN | $7.55 | -21.4% | -27.1% |
Pilbara Minerals | PLS | $2.31 | -20.6% | -34.6% |
Rural Funds Group | RFF | $1.825 | -1.4% | -4.2% |
Star Entertainment | SGR | $0.205 | -6.8% | -63.4% |
Skycity Entertainment Group | SKC | $1.265 | +3.7% | -27.7% |
Sayona Mining | SYA | $0.030 | -6.3% | -54.5% |
Wildcat Resources | WC8 | $0.225 | -26.2% | -67.2% |
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), Boss Energy (ASX: BOE), Collins Foods (ASX: CKF), Centuria Office Reit (ASX: COF), Coronado Global Resources (ASX: CRN), Droneshield (ASX: DRO), Healthco Healthcare and Wellness Reit (ASX: HCW), Iluka Resources (ASX: ILU), Ioneer (ASX: INR), Lifestyle Communities (ASX: LIC), Liontown Resources (ASX: LTR), Meteoric Resources (ASX: MEI), Novonix (ASX: NVX), Paladin Energy (ASX: PDN), Pilbara Minerals (ASX: PLS), Skycity Entertainment Group (ASX: SKC), Sayona Mining (ASX: SYA), Wildcat Resources (ASX: WC8).
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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