ChartWatch ASX Scans: American Rare Earths, Nuix, Webjet, Chalice Mining, Liontown Resources, Wildcat Resources
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
Source: Shutterstock
Mentioned
KEY POINTS
- Interesting uptrends in today's Scan Lists: Aml3d (AL3), American Rare Earths (ARR), Bisalloy Steel (BIS), CSL (CSL), Droneshield (DRO), Nuix (NXL), Stanmore Resources (SMR), Sovereign Metals (SVM), Webjet (WEB), Whitehaven Coal (WHC), and Yancoal (YAL)
- Interesting downtrends in today's Scan Lists: Chalice Mining (CHN), Dominos (DMP), Dexus (DXS), Ebos (EBO), Liontown Resources (LTR), Monadelphous (MND), Patriot Battery Metals (PMT), Seek (SEK), Talga (TLG), Vulcan Steel (VSL), and 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 % |
|---|---|---|---|---|
AGL Energy | AGL | $10.75 | +2.3% | -0.6% |
Argenica Therapeutics | AGN | $0.845 | +12.7% | +125.3% |
Aml3d | AL3 | $0.135 | +110.9% | +129.2% |
Aristocrat Leisure | ALL | $49.74 | +9.9% | +28.7% |
Aurelia Metals | AMI | $0.195 | +2.6% | +109.7% |
Arena Reit. | ARF | $3.97 | +4.2% | +5.6% |
American Rare Earths | ARR | $0.315 | +18.9% | +152.0% |
Bisalloy Steel Group | BIS | $4.34 | +12.1% | +164.2% |
Botanix Pharmaceuticals | BOT | $0.345 | +23.2% | +213.6% |
Capitol Health | CAJ | $0.310 | +29.2% | +14.8% |
CSL | CSL | $294.90 | +4.8% | +6.3% |
Clarity Pharmaceuticals | CU6 | $5.20 | -0.6% | +624.5% |
Droneshield | DRO | $1.930 | +55.6% | +777.3% |
Energy One | EOL | $5.15 | +17.0% | +75.6% |
Frontier Energy | FHE | $0.485 | +3.2% | +12.8% |
Hearts and Minds Investments | HM1 | $2.62 | +4.4% | +15.9% |
Hyperion Global Growth Companies ETF | HYGG | $5.21 | +10.6% | +31.6% |
iShares Asia 50 ETF | IAA | $101.59 | +3.7% | +12.5% |
Integrated Research | IRI | $0.920 | +22.7% | +139.0% |
Loftus Peak Global Disruption ETF | LPGD | $4.73 | +6.3% | +44.2% |
Macquarie Technology Group | MAQ | $92.24 | +8.8% | +41.6% |
Mitre Mining Corporation | MMC | $0.815 | +19.0% | +213.5% |
Metro Mining | MMI | $0.051 | +2.0% | +131.8% |
New Hope Corporation | NHC | $5.26 | +4.2% | +10.0% |
NRW | NWH | $3.09 | +2.0% | +28.8% |
Netwealth Group | NWL | $21.67 | +3.3% | +56.6% |
News Corporation | NWS | $42.70 | +1.9% | +43.4% |
Nuix | NXL | $3.27 | +4.5% | +284.7% |
Pinnacle Investment Management | PNI | $14.27 | +5.9% | +43.0% |
Resolute Mining | RSG | $0.560 | +3.7% | +43.6% |
Stanmore Resources | SMR | $3.90 | +17.1% | +54.5% |
Spartan Resources | SPR | $0.930 | +27.4% | +467.3% |
Sovereign Metals | SVM | $0.670 | 0% | +42.6% |
Technology One | TNE | $18.50 | +4.6% | +18.4% |
Ventia Services Group | VNT | $3.95 | +7.6% | +30.4% |
Webjet | WEB | $9.20 | +4.1% | +33.1% |
Whitehaven Coal | WHC | $8.92 | +8.1% | +32.9% |
Xero | XRO | $135.87 | +1.2% | +14.2% |
Yancoal Australia | YAL | $7.17 | +9.1% | +56.6% |
Zip Co. | ZIP | $1.525 | +32.6% | +272.0% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Aml3d (ASX: AL3), American Rare Earths (ASX: ARR), Bisalloy Steel Group (ASX: BIS), CSL (ASX: CSL), Droneshield (ASX: DRO), Nuix (ASX: NXL), Pinnacle Investment Management Group (ASX: PNI), Stanmore Resources (ASX: SMR), Sovereign Metals (ASX: SVM), Webjet (ASX: WEB), Whitehaven Coal (ASX: WHC), and Yancoal Australia (ASX: YAL).
Charts of each below:
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Audinate Group | AD8 | $15.42 | +0.3% | +65.8% |
Australian Ethical Investment | AEF | $4.18 | -8.1% | +24.4% |
Australian Finance Group | AFG | $1.320 | -7.4% | -26.3% |
Auckland International Airport | AIA | $6.93 | -2.8% | -11.7% |
Apollo Minerals | AOV | $10.23 | -4.3% | +16.0% |
Abacus Storage King | ASK | $1.125 | -7.0% | 0% |
Aurizon | AZJ | $3.59 | -2.7% | -8.4% |
Brambles | BXB | $13.99 | -2.6% | -2.9% |
Credit Corp Group | CCP | $14.59 | -2.9% | -26.3% |
Charter Hall Group | CHC | $11.02 | -10.8% | +2.9% |
Chalice Mining | CHN | $1.220 | -26.9% | -80.5% |
Champion Iron | CIA | $6.42 | -9.8% | +5.6% |
Charter Hall Long Wale Reit | CLW | $3.28 | -6.8% | -18.2% |
Cromwell Property Group | CMW | $0.385 | -11.5% | -28.0% |
Calix | CXL | $1.345 | +0.7% | -67.7% |
Core Lithium | CXO | $0.085 | -34.6% | -90.5% |
Dicker Data | DDR | $9.43 | +1.6% | +15.0% |
Domain Australia | DHG | $2.93 | -0.7% | -22.7% |
Domino's Pizza Enterprises | DMP | $34.92 | -9.4% | -24.8% |
Dexus | DXS | $6.39 | -6.2% | -18.1% |
Ebos Group | EBO | $28.96 | -5.5% | -12.1% |
EVT | EVT | $11.19 | -4.7% | -4.7% |
Fletcher Building | FBU | $2.66 | -9.5% | -44.1% |
Growthpoint Properties | GOZ | $2.16 | -10.0% | -22.6% |
Ioneer | INR | $0.140 | -31.7% | -57.6% |
Kelsian Group | KLS | $4.90 | -5.6% | -32.5% |
Latin Resources | LRS | $0.175 | -30.0% | -28.6% |
Liontown Resources | LTR | $0.910 | -31.6% | -68.3% |
MA Financial Group | MAF | $4.35 | -8.0% | -14.4% |
Meteoric Resources | MEI | $0.155 | -16.2% | -22.5% |
Mirvac Group | MGR | $1.850 | -6.6% | -18.1% |
McMillan Shakespeare | MMS | $17.18 | +4.4% | -4.9% |
Monadelphous Group | MND | $12.56 | -7.6% | +7.2% |
Metcash | MTS | $3.57 | -5.3% | -2.7% |
NIB | NHF | $7.11 | -5.5% | -15.9% |
Nickel Industries | NIC | $0.800 | -15.8% | -9.6% |
Nufarm | NUF | $4.54 | -0.7% | -10.8% |
Novonix | NVX | $0.705 | +2.2% | -29.1% |
OOH!Media | OML | $1.335 | -9.2% | +13.1% |
Patriot Battery Metals | PMT | $0.535 | -39.5% | -70.8% |
Platinum Asset Management | PTM | $1.040 | +2.0% | -40.2% |
Ridley Corporation | RIC | $2.02 | -4.7% | +1.0% |
Regis Resources | RRL | $1.755 | -2.8% | -4.4% |
Reliance Worldwide Corporation | RWC | $4.38 | -10.8% | +6.8% |
Seek | SEK | $20.36 | -10.4% | -6.3% |
Skycity Entertainment Group | SKC | $1.335 | -16.6% | -36.7% |
Syrah Resources | SYR | $0.340 | -27.7% | -60.2% |
Transurban Group | TCL | $12.31 | -2.2% | -13.6% |
Talga Group | TLG | $0.575 | -8.0% | -61.3% |
TPG Telecom | TPG | $4.49 | -2.8% | -7.8% |
Vulcan Steel | VSL | $6.37 | -12.9% | -22.5% |
Wildcat Resources | WC8 | $0.300 | -30.2% | +150.0% |
Today's Downtrends Scan List
Interesting charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Charter Hall Group (ASX: CHC), Chalice Mining (ASX: CHN), Domino's Pizza Enterprises (ASX: DMP), Dexus (ASX: DXS), Ebos Group (ASX: EBO), EVT (ASX: EVT), Kelsian Group (ASX: KLS), Liontown Resources (ASX: LTR), Monadelphous Group (ASX: MND), NIB (ASX: NHF), Patriot Battery Metals (ASX: PMT), Seek (ASX: SEK), Talga Group (ASX: TLG), Vulcan Steel (ASX: VSL), Wildcat Resources (ASX: WC8).
Charts of each below:
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
%20chart%203%20July%202024.png)
ChartWatch ASX Scans Criteria
Criteria for Uptrends List
Short term uptrend (ST trend ribbon is light green)
Long term uptrend or long term trend is transitioning from down to up (LT trend ribbon is dark green, or LT trend ribbon is amber and contracting)
Demand-side price action (rising peaks and rising troughs is preferred, but based upon weight of evidence of other criteria rising peaks only or rising troughs only may be permitted)
Predominance of demand-side candles (i.e., white bodies and or downward pointing shadows)
The last candle in particular is a strong demand-side candle
Criteria for Downtrends List
Short term downtrend (ST trend ribbon is light pink)
Long term downtrend or long term trend is transitioning from up to down (LT trend ribbon is dark pink, or LT trend ribbon is amber and contracting)
Supply-side price action (falling peaks and falling troughs is preferred, but based upon weight of evidence of other criteria falling peaks only or falling troughs only may be permitted)
Predominance of supply-side candles (i.e., black bodies and or upward pointing shadows)
The last candle in particular is a strong supply-side candle
Important considerations when using the ChartWatch ASX Scan Lists:
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.
