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: Acusensus, Eagers Automotive, Temple & Webster, Wesfarmers, Ampol, Beach Energy, Graincorp, IPH, Kelsian, Santos
Technical Analysis
ChartWatch ASX Scans: Acusensus, Eagers Automotive, Temple & Webster, Wesfarmers, Ampol, Beach Energy, Graincorp, IPH, Kelsian, Santos
Thu 12 Dec 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Acusensus (ACE), Eagers Automotive (APE), Temple & Webster Group (TPW), Wesfarmers (WES).
- Interesting downtrends in today's Scans: Audinate (AD8), Ampol (ALD), Beach Energy (BPT), Clarity Pharmaceuticals (CU6), IDP Education (IEL), IPH (IPH), Liontown Resources (LTR), McMillan Shakespeare (MMS), Platinum Asset (PTM), Santos (STO).
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 % |
Acusensus | ACE | $1.130 | +25.6% | +34.5% |
Australian Foundation Investment Company | AFI | $7.64 | +2.4% | +6.7% |
Eagers Automotive | APE | $12.11 | +2.5% | -11.6% |
Antipa Minerals | AZY | $0.027 | +35.0% | +80.0% |
Botanix Pharmaceuticals | BOT | $0.380 | +16.9% | +145.2% |
Dropsuite | DSE | $4.95 | +10.0% | +115.2% |
Fidelity Global Emerging Markets Fund ETF | FEMX | $6.42 | +5.6% | +11.7% |
L1 Capital International Fund ETF | L1IF | $6.57 | +2.2% | +31.7% |
Polymetals Resources | POL | $0.990 | +22.2% | +182.9% |
Peet | PPC | $1.570 | +14.6% | +26.1% |
Queensland Pacific Metals | QPM | $0.052 | +33.3% | 0% |
Sovereign Metals | SVM | $0.810 | +11.0% | +95.2% |
Southern Cross Gold | SXG | $3.77 | +22.8% | +266.2% |
Temple & Webster Group | TPW | $13.21 | +14.4% | +58.2% |
Wesfarmers | WES | $74.98 | +8.2% | +39.6% |
Today's Uptrends Scan List
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $7.58 | -20.2% | -46.6% |
Ampol | ALD | $27.35 | -2.6% | -19.5% |
Aurizon | AZJ | $3.33 | -1.5% | -8.5% |
Boss Energy | BOE | $2.52 | -15.4% | -36.2% |
Beach Energy | BPT | $1.215 | -2.8% | -18.5% |
Chalice Mining | CHN | $1.255 | -15.5% | -23.7% |
Centuria Office Reit | COF | $1.100 | -8.3% | -17.6% |
Cettire | CTT | $1.180 | -25.6% | -59.6% |
Clarity Pharmaceuticals | CU6 | $5.17 | -30.7% | +248.1% |
Clinuvel Pharmaceuticals | CUV | $12.65 | -7.2% | -28.2% |
Domino's Pizza Enterprises | DMP | $30.52 | -0.7% | -43.7% |
Dexus | DXS | $6.82 | -4.1% | -6.4% |
Flight Centre Travel Group | FLT | $16.23 | -1.2% | -13.2% |
Graincorp | GNC | $7.54 | -13.8% | +3.2% |
IDP Education | IEL | $12.10 | -12.2% | -47.9% |
Ingenia Communities Group | INA | $4.62 | -6.7% | +13.2% |
IPH | IPH | $4.72 | -10.9% | -28.9% |
Kelsian Group | KLS | $3.59 | -6.0% | -46.3% |
Lifestyle Communities | LIC | $8.21 | -6.2% | -51.1% |
Lotus Resources | LOT | $0.215 | -6.5% | -28.3% |
Liontown Resources | LTR | $0.600 | -31.4% | -56.5% |
Meteoric Resources | MEI | $0.088 | -20.0% | -57.1% |
McMillan Shakespeare | MMS | $14.61 | -4.8% | -11.9% |
Nanosonics | NAN | $3.04 | -8.4% | -30.8% |
NIB | NHF | $5.55 | -6.9% | -25.6% |
Nufarm | NUF | $3.72 | 0% | -22.3% |
Novonix | NVX | $0.610 | -24.7% | -10.3% |
Nextdc | NXT | $15.64 | -8.6% | +17.3% |
OOH!Media | OML | $1.175 | -4.1% | -17.5% |
Paladin Energy | PDN | $7.54 | +9.6% | -19.8% |
Patriot Battery Metals | PMT | $0.300 | -11.8% | -70.6% |
Platinum Asset Management | PTM | $0.850 | -26.7% | -34.1% |
Pexa Group | PXA | $12.58 | -7.0% | +5.3% |
Rural Funds Group | RFF | $1.750 | -6.9% | -12.5% |
Ramsay Health Care | RHC | $37.94 | -1.2% | -21.8% |
Smartgroup Corporation | SIQ | $7.74 | -4.4% | -5.6% |
Spark New Zealand | SPK | $2.55 | -7.3% | -47.1% |
Santos | STO | $6.50 | -3.4% | -10.3% |
Tyro Payments | TYR | $0.835 | -5.7% | -18.9% |
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), Ampol (ASX: ALD), Beach Energy (ASX: BPT), Centuria Office Reit (ASX: COF), Clarity Pharmaceuticals (ASX: CU6), Flight Centre Travel Group (ASX: FLT), Graincorp (ASX: GNC), IDP Education (ASX: IEL), IPH (ASX: IPH), Kelsian Group (ASX: KLS), Lifestyle Communities (ASX: LIC), Liontown Resources (ASX: LTR), McMillan Shakespeare (ASX: MMS), Nextdc (ASX: NXT), OOH!Media (ASX: OML), Platinum Asset Management (ASX: PTM), Rural Funds Group (ASX: RFF), Santos (ASX: STO).
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-year's 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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