Evening Wrap: ASX 200 dips but logs important weekly gain despite falling bank shares, lithium stocks pop as investors seek bargains
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Technical Analysis
/ChartWatch ASX Scans: Alto Metals, Avita Medical, Canyon Resources, HMC Capital, Iperionx, XRF Scientific, Endeavour, Champion Iron
Technical Analysis
ChartWatch ASX Scans: Alto Metals, Avita Medical, Canyon Resources, HMC Capital, Iperionx, XRF Scientific, Endeavour, Champion Iron
Tue 26 Nov 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Alto Metals (AME), Avita Medical (AVH), Betmakers (BET), Canyon Resources (CAY), CommBank (CBA), HMC (HMC), Iperionx (IPX), Mesoblast (MSB), Novonix (NVX), Petratherm (PTR), Sigma Health (SIG), XRF Scientific (XRF).
- Interesting downtrends in today's Scans: Bapcor (BAP), Champion Iron (CIA), Endeavour (EDV), Elders (ELD), Graincorp (GNC), IDPEducation (IEL), Iluka (ILU), IPH, Kelsian (KLS), MinRes (MIN), Pilbara Minerals (PLS), Patriot Battery (PMT), Viva Energy (VEA).
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 % |
Alto Metals | AME | $0.092 | +26.0% | +109.1% |
ASX | ASX | $69.15 | +2.5% | +21.1% |
BetaShares Aus. Tech ETF | ATEC | $30.25 | +12.0% | +59.2% |
Avita Medical | AVH | $4.20 | +37.3% | +34.6% |
Black Cat Syndicate | BC8 | $0.655 | +4.0% | +133.9% |
Betmakers Technology Group | BET | $0.135 | +53.4% | +58.8% |
Bravura Solutions | BVS | $1.530 | +3.4% | +101.3% |
Canyon Resources | CAY | $0.205 | +28.1% | +188.7% |
Commonwealth Bank | CBA | $160.14 | +11.2% | +54.3% |
Computershare | CPU | $32.11 | +22.4% | +38.0% |
Ebos Group | EBO | $34.58 | +1.9% | +4.4% |
BetaShares Sustainability ETF | ETHI | $15.90 | +4.7% | +25.6% |
Generation Development Group | GDG | $3.90 | +13.0% | +158.5% |
Barrow Hanley Global Shares ETF | GLOB | $4.72 | +2.4% | +9.8% |
Global X Artificial Intelligence ETF | GXAI | $11.67 | +6.3% | 0% |
HMC Capital | HMC | $12.20 | +17.8% | +139.7% |
iShares S&P MID-Cap ETF | IJH | $51.70 | +9.7% | +33.6% |
iShares S&P Small-Cap ETF | IJR | $194.31 | +11.8% | +32.8% |
Iperionx | IPX | $4.50 | +39.8% | +200.0% |
Munro Climate Change Leaders ETF | MCCL | $17.59 | +5.8% | +76.1% |
Vaneck Morningstar Wide Moat ETF | MOAT | $131.08 | +3.9% | +17.1% |
Mesoblast | MSB | $1.680 | +32.8% | +385.5% |
Novonix | NVX | $0.965 | +20.6% | +32.2% |
Pro Medicus | PME | $227.64 | +22.8% | +157.2% |
Pinnacle Investment | PNI | $23.87 | +29.6% | +161.2% |
Petratherm | PTR | $0.205 | +310.0% | +206.0% |
BetaShares Australian Financials ETF | QFN | $17.18 | +7.1% | +45.3% |
Vaneck Int. Small Co's Quality ETF | QSML | $31.78 | +8.0% | +31.1% |
BetaShares Robotics & AI ETF | RBTZ | $14.87 | +8.6% | +23.1% |
Redox | RDX | $3.97 | +9.7% | +62.7% |
Ridley Corporation | RIC | $2.79 | +8.1% | +24.0% |
Global X Robotics & Automation ETF | ROBO | $77.74 | +8.0% | +12.9% |
Sigma Healthcare | SIG | $2.63 | +41.8% | +276.1% |
Superloop | SLC | $2.18 | +11.8% | +230.3% |
Seven Group | SVW | $48.97 | +17.2% | +54.2% |
Global X Global Tech ETF | TECH | $111.84 | +9.8% | +20.3% |
Vanguard Infrastructure Index ETF | VBLD | $72.98 | +3.4% | +20.7% |
Vanguard Diversified High Growth ETF | VDHG | $69.02 | +2.9% | +19.5% |
Vanguard International Shares ETF | VGS | $135.85 | +4.0% | +24.9% |
Vulcan Energy Resources | VUL | $7.73 | +69.1% | +223.4% |
XRF Scientific | XRF | $1.780 | +7.2% | +60.4% |
Zip Co. | ZIP | $3.35 | +24.5% | +717.1% |
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: Alto Metals (ASX: AME), Avita Medical (ASX: AVH), Betmakers Technology Group (ASX: BET), Canyon Resources (ASX: CAY), Commonwealth Bank of Australia (ASX: CBA), HMC Capital (ASX: HMC), iShares S&P MID-Cap ETF (ASX: IJH), iShares S&P Small-Cap ETF (ASX: IJR), Iperionx (ASX: IPX), Mesoblast (ASX: MSB), Novonix (ASX: NVX), Pinnacle Investment Management Group (ASX: PNI), Petratherm (ASX: PTR), BetaShares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ), Sigma Healthcare (ASX: SIG), Seven Group (ASX: SVW), Vanguard Global Infrastructure Index ETF (ASX: VBLD), Vulcan Energy Resources (ASX: VUL), XRF Scientific (ASX: XRF).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Ampol | ALD | $28.60 | +1.7% | -14.8% |
Amotiv | AOV | $10.20 | -5.6% | -6.0% |
Arafura Rare Earths | ARU | $0.125 | -19.4% | -35.9% |
Abacus Storage King | ASK | $1.190 | -8.8% | +13.3% |
Bapcor | BAP | $4.48 | -5.7% | -20.0% |
Bellevue Gold | BGL | $1.295 | -20.6% | -14.2% |
BHP Group | BHP | $40.20 | -5.2% | -16.0% |
Champion Iron | CIA | $5.56 | -5.1% | -28.5% |
Cromwell Property | CMW | $0.380 | -10.6% | -8.4% |
Coronado Global Resources | CRN | $0.915 | -14.9% | -43.0% |
Develop Global | DVP | $1.970 | -19.3% | -33.9% |
Endeavour Group | EDV | $4.29 | -9.3% | -12.6% |
Elders | ELD | $7.53 | -12.1% | +6.1% |
Graincorp | GNC | $7.93 | -13.4% | +6.6% |
IDP Education | IEL | $12.29 | -9.7% | -46.7% |
Iluka Resources | ILU | $5.34 | -8.6% | -25.3% |
IPH | IPH | $4.96 | -8.7% | -27.6% |
Karoon Energy | KAR | $1.375 | -0.4% | -36.3% |
Kelsian Group | KLS | $3.73 | -11.4% | -42.4% |
Mineral Resources | MIN | $33.46 | -1.9% | -48.3% |
Metcash | MTS | $3.05 | -4.4% | -17.1% |
Nick Scali | NCK | $13.50 | -6.9% | +15.4% |
Newmont Corporation | NEM | $64.75 | -8.5% | +13.2% |
New Hope Corporation | NHC | $4.73 | -3.9% | -10.8% |
Pilbara Minerals | PLS | $2.51 | -8.4% | -29.1% |
Patriot Battery Metals | PMT | $0.260 | -33.3% | -74.8% |
Platinum Asset | PTM | $1.045 | -12.2% | -9.1% |
Pexa Group | PXA | $12.59 | -8.5% | +8.5% |
Rural Funds Group | RFF | $1.855 | -1.9% | -0.3% |
Ramsay Health Care | RHC | $38.03 | -8.8% | -23.9% |
Smartgroup Corp | SIQ | $7.87 | -1.0% | -5.4% |
Syrah Resources | SYR | $0.220 | -24.1% | -66.5% |
TPG Telecom | TPG | $4.36 | -3.8% | -6.8% |
Viva Energy | VEA | $2.59 | -4.4% | -15.1% |
Wildcat Resources | WC8 | $0.255 | -27.1% | -70.5% |
WEB Travel | WEB | $4.25 | -0.2% | -25.9% |
Woolworths | WOW | $29.92 | -8.5% | -12.2% |
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: Bapcor (ASX: BAP), Champion Iron (ASX: CIA), Coronado Global Resources (ASX: CRN), Endeavour Group (ASX: EDV), Elders (ASX: ELD), Graincorp (ASX: GNC), IDP Education (ASX: IEL), Iluka Resources (ASX: ILU), IPH (ASX: IPH), Kelsian Group (ASX: KLS), Mineral Resources (ASX: MIN), Metcash (ASX: MTS), Nick Scali (ASX: NCK), Pilbara Minerals (ASX: PLS), Patriot Battery Metals (ASX: PMT), Rural Funds Group (ASX: RFF), Ramsay Health Care (ASX: RHC), TPG Telecom (ASX: TPG), Viva Energy Group (ASX: VEA).
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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