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Technical Analysis
/ChartWatch ASX Scans: Adriatic Metals, ANZ, QBE Insurance, Smart Parking, Westpac, Bannerman Energy, Boss Energy, Fortescue, Lovisa
Technical Analysis
ChartWatch ASX Scans: Adriatic Metals, ANZ, QBE Insurance, Smart Parking, Westpac, Bannerman Energy, Boss Energy, Fortescue, Lovisa
Mon 18 Nov 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Adriatic Metals (ADT), ANZ (ANZ), Car (CAR), CommBank (CBA), Judo (JDO), Netwealth (NWL), Pointsbet (PBH), Pro Medicus (PME), Qantas (QAN), QBE (QBE), Ridley Corp (RIC), Smart Parking (SPZ), Westpac (WBC), Xero (XRO).
- Interesting downtrends in today's Scans: Bannerman Energy (BMN), Boss Energy (BOE), CSL (CSL), Fortescue (FMG), Healius (HLS), Lovisa (LOV), MinRes (MIN), Nick Scali (NCK), Patriot Battery Metals (PMT), Ramsay Health Care (RHC), Wildcat Resources (WC8).
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 % |
Adriatic Metals | ADT | $4.29 | +4.9% | +34.5% |
AMA Group | AMA | $0.069 | +9.5% | +20.6% |
ANZ Group | ANZ | $32.45 | +2.0% | +31.1% |
Bendigo and Adelaide Bank | BEN | $12.82 | +5.2% | +42.4% |
Bisalloy Steel Group | BIS | $3.83 | +23.5% | +45.0% |
Bank of Queensland | BOQ | $6.76 | -3.4% | +22.7% |
Car Group | CAR | $41.14 | +10.9% | +39.5% |
Commonwealth Bank of Australia | CBA | $155.13 | +9.2% | +51.7% |
HMC Capital | HMC | $11.47 | +27.4% | +147.2% |
Judo Capital | JDO | $2.00 | +5.0% | +122.2% |
Netwealth Group | NWL | $30.74 | +11.2% | +119.3% |
Pointsbet | PBH | $0.950 | +40.7% | +119.9% |
Pro Medicus | PME | $209.86 | +10.0% | +145.3% |
Qantas Airways | QAN | $8.89 | +16.7% | +68.1% |
QBE Insurance Group | QBE | $19.31 | +12.7% | +22.8% |
Ridley Corporation | RIC | $2.74 | +5.0% | +22.9% |
Smart Parking | SPZ | $0.900 | +47.5% | +150.0% |
Service Stream | SSM | $1.620 | +2.9% | +78.0% |
Suncorp Group | SUN | $19.25 | +5.1% | +41.0% |
Westpac Banking Corporation | WBC | $33.06 | +1.6% | +58.2% |
Wisetech Global | WTC | $134.73 | +6.1% | +113.5% |
Xero | XRO | $172.61 | +16.3% | +73.0% |
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: Adriatic Metals (ASX: ADT), ANZ Group (ASX: ANZ), Bendigo and Adelaide Bank (ASX: BEN), Car Group (ASX: CAR), Commonwealth Bank of Australia (ASX: CBA), HMC Capital (ASX: HMC), Judo Capital (ASX: JDO), Netwealth Group (ASX: NWL), Pointsbet (ASX: PBH), Pro Medicus (ASX: PME), Qantas Airways (ASX: QAN), QBE Insurance Group (ASX: QBE), Ridley Corporation (ASX: RIC), Smart Parking (ASX: SPZ), Service Stream (ASX: SSM), Suncorp Group (ASX: SUN), Westpac Banking Corporation (ASX: WBC), Xero (ASX: XRO).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
The A2 Milk Company | A2M | $4.81 | -19.7% | +27.6% |
Auckland International Airport | AIA | $6.57 | -4.4% | -8.2% |
Ampol | ALD | $27.80 | -5.1% | -16.7% |
BHP Group | BHP | $40.07 | -6.8% | -12.9% |
Bannerman Energy | BMN | $2.66 | -24.6% | +12.7% |
Boss Energy | BOE | $2.86 | -21.6% | -32.1% |
Champion Iron | CIA | $5.45 | -17.7% | -29.9% |
CSL | CSL | $277.01 | -8.2% | +9.2% |
Clinuvel Pharmaceuticals | CUV | $13.28 | -5.8% | -17.0% |
Dicker Data | DDR | $8.85 | -4.7% | -22.4% |
Develop Global | DVP | $1.935 | -26.1% | -32.1% |
Deep Yellow | DYL | $1.140 | -26.0% | 0% |
Fortescue | FMG | $17.73 | -10.9% | -27.2% |
Fleetpartners Group | FPR | $2.96 | -5.1% | +5.7% |
Guzman y Gomez | GYG | $36.82 | -3.1% | 0% |
Healius | HLS | $1.335 | -21.9% | -18.5% |
IGO | IGO | $5.09 | -6.9% | -43.3% |
Imugene | IMU | $0.041 | -16.3% | -62.7% |
IPH | IPH | $5.06 | -10.9% | -26.5% |
Lovisa | LOV | $29.09 | -16.8% | +53.6% |
Meteoric Resources | MEI | $0.100 | +2.0% | -58.3% |
Mineral Resources | MIN | $33.53 | -29.0% | -43.9% |
McMillan Shakespeare | MMS | $14.65 | -10.1% | -17.0% |
Nick Scali | NCK | $14.02 | -9.4% | +19.5% |
Patriot Battery Metals | PMT | $0.295 | -32.2% | -73.7% |
Polynovo | PNV | $2.04 | -12.8% | +43.2% |
Ramsay Health Care | RHC | $37.36 | -12.7% | -28.1% |
The Star Entertainment Group | SGR | $0.210 | -27.6% | -65.3% |
Syrah Resources | SYR | $0.225 | -15.1% | -69.8% |
Viva Energy Group | VEA | $2.51 | -13.4% | -16.9% |
Wildcat Resources | WC8 | $0.275 | -23.6% | -64.7% |
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: Auckland International Airport (ASX: AIA), Ampol (ASX: ALD), Bannerman Energy (ASX: BMN), Boss Energy (ASX: BOE), CSL (ASX: CSL), Clinuvel Pharmaceuticals (ASX: CUV), Fortescue (ASX: FMG), Healius (ASX: HLS), Imugene (ASX: IMU), IPH (ASX: IPH), Lovisa (ASX: LOV), Mineral Resources (ASX: MIN), Nick Scali (ASX: NCK), Patriot Battery Metals (ASX: PMT), Ramsay Health Care (ASX: RHC), The Star Entertainment Group (ASX: SGR), 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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