Evening Wrap: ASX 200 slides on broad-based falls, finishes at week's low as Santa rally fades
Fri 06 Dec 24, 5:45pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: AI-Media Technologies, Ora Banda Mining, Champion Iron, Iluka Resources, Pilbara Minerals, Patriot Battery Metals
Technical Analysis
ChartWatch ASX Scans: AI-Media Technologies, Ora Banda Mining, Champion Iron, Iluka Resources, Pilbara Minerals, Patriot Battery Metals
Fri 25 Oct 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: AI-Media Technologies (AIM), Meeka Metals (MEK), Ora Banda Mining (OBM), Ovanti (OVT), Polymetals Resources (POL), Regis Resources (RRL).
- Interesting downtrends in today's Scans: Champion Iron (CIA), Cochlear (COH), Iluka (ILU), Jumbo Interactive (JIN), Karoon Energy (KAR), Lovisa (LOV), Megaport (MP1), Pilbara Minerals (PLS), Patriot Battery Metals (PMT), 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 % |
AI-Media Technologies | AIM | $0.855 | +24.8% | +171.4% |
AMA Group | AMA | $0.067 | +11.7% | +49.8% |
Bendigo and Adelaide Bank | BEN | $12.30 | +2.9% | +40.3% |
Capitol Health | CAJ | $0.390 | +11.4% | +102.6% |
Commonwealth Bank of Australia | CBA | $143.43 | +6.3% | +46.6% |
Duratec | DUR | $1.645 | +15.8% | +46.9% |
Ioneer | INR | $0.280 | +30.2% | +69.7% |
Meeka Metals | MEK | $0.083 | +50.9% | +112.8% |
Vaneck Australian Banks ETF | MVB | $39.29 | +3.0% | +39.8% |
Ora Banda Mining | OBM | $0.915 | +33.6% | +731.8% |
Ovanti | OVT | $0.033 | +1000.0% | -51.5% |
Polymetals Resources | POL | $0.560 | +80.6% | +75.0% |
Praemium | PPS | $0.660 | +20.0% | +21.1% |
Regis Resources | RRL | $2.81 | +40.9% | +71.3% |
Superloop | SLC | $1.990 | +16.7% | +231.7% |
Tasmea | TEA | $2.75 | +34.1% | 0% |
Vault Minerals | VAU | $0.395 | +17.9% | +31.7% |
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: AI-Media Technologies (ASX: AIM), Meeka Metals (ASX: MEK), Ora Banda Mining (ASX: OBM), Ovanti (ASX: OVT), Polymetals Resources (ASX: POL), Regis Resources (ASX: RRL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Auckland International Airport | AIA | $6.55 | -1.5% | -7.1% |
Aurizon | AZJ | $3.46 | +0.3% | +0.3% |
Challenger | CGF | $6.00 | -8.0% | +2.0% |
Champion Iron | CIA | $5.86 | -13.2% | -6.1% |
Cooper Energy | COE | $0.180 | -2.7% | +63.6% |
Cochlear | COH | $280.82 | +1.9% | +13.5% |
Coronado Global Resources | CRN | $1.045 | -4.1% | -35.1% |
Capstone Copper Corp. | CSC | $10.50 | -7.7% | 0% |
Dicker Data | DDR | $8.73 | -5.9% | -12.3% |
Data#3 | DTL | $7.25 | -4.5% | +2.0% |
Endeavour Group | EDV | $4.77 | -4.8% | -6.3% |
Flight Centre Travel | FLT | $15.86 | -27.7% | -10.7% |
IDP Education | IEL | $13.51 | -14.1% | -35.8% |
IGO | IGO | $5.13 | -3.9% | -51.5% |
Iluka Resources | ILU | $5.82 | -11.7% | -14.5% |
Immutep | IMM | $0.295 | -13.2% | +8.3% |
Imugene | IMU | $0.049 | 0% | +19.5% |
Jumbo Interactive | JIN | $12.67 | -6.3% | -12.1% |
Karoon Energy | KAR | $1.390 | -10.3% | -47.8% |
Lovisa | LOV | $28.90 | -17.4% | +61.3% |
Macquarie Technology | MAQ | $76.06 | -6.4% | +21.3% |
McMillan Shakespeare | MMS | $15.19 | +2.8% | +0.8% |
Megaport | MP1 | $6.97 | -1.0% | -40.1% |
Metcash | MTS | $3.30 | -4.9% | -12.0% |
Neuren Pharmaceuticals | NEU | $12.45 | -10.0% | +12.9% |
Nufarm | NUF | $3.73 | -2.6% | -21.0% |
Origin Energy | ORG | $9.70 | -3.8% | +5.6% |
Pilbara Minerals | PLS | $2.63 | -10.8% | -26.5% |
Patriot Battery Metals | PMT | $0.380 | -1.3% | -70.5% |
PWR Holdings | PWH | $8.73 | -4.3% | -14.1% |
Reece | REH | $24.45 | -14.8% | +38.7% |
Ramsay Health Care | RHC | $41.77 | +1.2% | -16.4% |
The Star Entertainment | SGR | $0.265 | -42.4% | -63.5% |
Smartgroup Corporation | SIQ | $7.98 | -3.2% | +1.6% |
Spark New Zealand | SPK | $2.68 | -5.0% | -41.2% |
Strike Energy | STX | $0.205 | +2.5% | -48.8% |
Tabcorp | TAH | $0.460 | +8.2% | -45.6% |
WA1 Resources | WA1 | $12.23 | -18.1% | +162.4% |
Weebit Nano | WBT | $1.900 | +11.4% | -56.1% |
WEB Travel Group | WEB | $4.02 | -43.7% | -25.5% |
Whitehaven Coal | WHC | $6.42 | -4.3% | -14.4% |
Worley | WOR | $14.19 | -3.1% | -16.6% |
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: Challenger (ASX: CGF), Champion Iron (ASX: CIA), Cochlear (ASX: COH), Dicker Data (ASX: DDR), Data#3 (ASX: DTL), Flight Centre Travel Group (ASX: FLT), Iluka Resources (ASX: ILU), Jumbo Interactive (ASX: JIN), Karoon Energy (ASX: KAR), Lovisa (ASX: LOV), Macquarie Technology Group (ASX: MAQ), McMillan Shakespeare (ASX: MMS), Megaport (ASX: MP1), Neuren Pharmaceuticals (ASX: NEU), Pilbara Minerals (ASX: PLS), Patriot Battery Metals (ASX: PMT), WA1 Resources (ASX: WA1), WEB Travel Group (ASX: WEB).
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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