Evening Wrap: ASX 200 dips but logs important weekly gain despite falling bank shares, lithium stocks pop as investors seek bargains
Fri 17 Jan 25, 6:06pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Aml3d, Beforepay, Block, Breville, Emeco, Praemium, Perenti, Temple & Webster, Droneshield, Pilbara Minerals
Technical Analysis
ChartWatch ASX Scans: Aml3d, Beforepay, Block, Breville, Emeco, Praemium, Perenti, Temple & Webster, Droneshield, Pilbara Minerals
Thu 05 Dec 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Adairs (ADH), Beforepay (B4P), Breville (BRG), Bravura (BVS), Emeco (EHL), Magellan Financial (MFG), MTM Critical Metals (MTM), Netwealth (NWL), Paradigm Biopharm (PAR), Praemium (PPS), Silex (SLX), Telix (TLX).
- Interesting downtrends in today's Scans: Audinate (AD8), Bapcor (BAP), Chalice Mining (CHN), Coronado (CRN), Droneshield (DRO), Data#3 (DTL), Elders (ELD), Graincorp (GNC), Liontown (LTR), NIB (NHF), Novonix (NVX), Pilbara (PLS), Rural Funds (RFF).
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 % |
Adairs | ADH | $2.80 | +10.2% | +84.2% |
Australian Foundation Investment | AFI | $7.59 | +3.4% | +7.7% |
Antipodes Global Shares ETF | AGX1 | $6.34 | +2.9% | +19.8% |
Aml3d | AL3 | $0.230 | +31.4% | +196.6% |
Amcor | AMC | $16.48 | +6.0% | +15.7% |
AMP | AMP | $1.625 | +12.8% | +74.7% |
Argo Investments | ARG | $9.22 | +6.0% | +8.1% |
Antipa Minerals | AZY | $0.027 | +8.0% | +68.8% |
Beforepay Group | B4P | $1.690 | +30.0% | +288.5% |
Bisalloy Steel Group | BIS | $4.25 | +35.4% | +95.9% |
Breville Group | BRG | $34.65 | +10.0% | +45.7% |
Bravura Solutions | BVS | $2.00 | +38.9% | +159.7% |
Brambles | BXB | $19.43 | +4.6% | +44.2% |
Computershare | CPU | $33.24 | +25.0% | +41.8% |
Downer EDI | DOW | $5.93 | +5.7% | +42.5% |
Diversified United Investment | DUI | $5.38 | +2.1% | +11.9% |
Emeco | EHL | $0.925 | +22.5% | +51.6% |
BetaShares Global Sustainability ETF | ETHI | $16.28 | +7.6% | +27.8% |
Global X Fang+ ETF | FANG | $30.66 | +11.8% | +51.0% |
Fineos Corporation | FCL | $1.930 | +46.2% | +15.2% |
GR Engineering Services | GNG | $2.33 | +12.6% | +3.6% |
Gentrack Group | GTK | $12.95 | +47.5% | +119.5% |
Global X Artificial Intelligence ETF | GXAI | $11.95 | +8.9% | 0% |
Guzman y Gomez | GYG | $44.75 | +25.5% | 0% |
BetaShares Cybersecurity ETF | HACK | $13.61 | +9.8% | +31.8% |
Hub24 | HUB | $76.23 | +11.8% | +130.3% |
Hyperion Global Growth Fund ETF | HYGG | $6.59 | +19.8% | +50.5% |
Iperionx | IPX | $4.56 | +36.5% | +237.8% |
iShares Global Consumer Staples ETF | IXI | $98.51 | +4.0% | +11.4% |
JB HI-FI | JBH | $93.00 | +15.7% | +96.8% |
L1 Capital International Fund ETF | L1IF | $6.53 | +6.2% | +29.8% |
Loftus Peak Global Disruption ETF | LPGD | $5.24 | +7.6% | +44.4% |
Live Verdure | LV1 | $0.985 | +49.2% | +159.2% |
Munro Global Growth Fund ETF | MAET | $6.85 | +9.3% | +39.5% |
Munro Climate Change Leaders ETF | MCCL | $17.74 | +9.5% | +78.5% |
Meeka Metals | MEK | $0.079 | +14.5% | +97.5% |
Magellan Financial Group | MFG | $11.42 | +10.4% | +52.3% |
Macquarie Core Global Equity ETF | MQEG | $11.61 | +7.9% | 0% |
MTM Critical Metals | MTM | $0.155 | +86.7% | +520.0% |
Mystate | MYS | $4.13 | +10.4% | +35.9% |
Netwealth Group | NWL | $30.78 | +8.6% | +109.2% |
News Corporation | NWS | $50.76 | +14.6% | +45.9% |
Orthocell | OCC | $1.015 | +65.0% | +150.6% |
Paradigm Biopharmaceuticals | PAR | $0.580 | +163.6% | +46.8% |
Pointsbet | PBH | $1.050 | +25.7% | +155.6% |
Praemium | PPS | $0.750 | +16.3% | +76.5% |
Perenti | PRN | $1.275 | +10.4% | +13.8% |
Petratherm | PTR | $0.380 | +660.0% | +578.6% |
BetaShares Robotics & Artificial Intelligence ETF | RBTZ | $15.04 | +6.7% | +24.0% |
Regis Healthcare | REG | $6.81 | +4.4% | +138.9% |
Silex Systems | SLX | $6.28 | +19.8% | +91.5% |
Block | SQ2 | $144.48 | +30.9% | +50.6% |
Sun Silver | SS1 | $0.870 | 0% | 0% |
Solvar | SVR | $1.500 | +21.0% | +44.2% |
Global X Morningstar Technology ETF | TECH | $114.56 | +13.6% | +21.0% |
Telix Pharmaceuticals | TLX | $25.10 | +12.0% | +149.0% |
Temple & Webster Group | TPW | $12.58 | +13.5% | +54.9% |
Universal Store | UNI | $8.08 | +5.8% | +128.9% |
Vanguard Ethically Conscious ETF | VESG | $100.72 | +7.7% | +30.6% |
Vanguard MSCI International Small Co's ETF | VISM | $71.07 | +8.7% | +26.1% |
Vaneck MSCI International Value ETF | VLUE | $26.75 | +3.9% | +11.1% |
XRF Scientific | XRF | $1.890 | +19.6% | +55.6% |
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: Adairs (ASX: ADH), Antipodes Global Shares ETF (ASX: AGX1), Aml3d (ASX: AL3), Beforepay Group (ASX: B4P), Bisalloy Steel Group (ASX: BIS), Breville Group (ASX: BRG), Bravura Solutions (ASX: BVS), Emeco (ASX: EHL), Global X Fang+ ETF (ASX: FANG), Gentrack Group (ASX: GTK), BetaShares Global Cybersecurity ETF (ASX: HACK), Hyperion Global Growth Companies Fund ETF (ASX: HYGG), Munro Global Growth Fund ETF (ASX: MAET), Magellan Financial Group (ASX: MFG), MTM Critical Metals (ASX: MTM), Netwealth Group (ASX: NWL), News Corporation (ASX: NWS), Paradigm Biopharmaceuticals. (ASX: PAR), Praemium (ASX: PPS), Perenti (ASX: PRN), Regis Healthcare (ASX: REG), Silex Systems (ASX: SLX), Block (ASX: SQ2), Solvar (ASX: SVR), Global X Morningstar Global Technology ETF (ASX: TECH), Telix Pharmaceuticals (ASX: TLX), Temple & Webster Group (ASX: TPW), XRF Scientific (ASX: XRF).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $8.10 | -12.4% | -44.3% |
Atlas Arteria | ALX | $4.65 | -5.3% | -18.3% |
Arafura Rare Earths | ARU | $0.115 | -20.7% | -43.9% |
Bapcor | BAP | $4.50 | -2.6% | -14.0% |
Challenger | CGF | $6.13 | +2.5% | +3.5% |
Chalice Mining | CHN | $1.335 | -31.0% | -10.4% |
Centuria Industrial Reit | CIP | $2.94 | -3.9% | -3.3% |
Coronado Global Resources | CRN | $0.860 | -14.0% | -48.3% |
Domain Australia | DHG | $2.78 | -8.6% | -18.7% |
Droneshield | DRO | $0.700 | -26.7% | +125.8% |
Data#3 | DTL | $7.43 | +1.5% | -5.6% |
Dexus Industria Reit. | DXI | $2.64 | 0% | +0.4% |
Endeavour Group | EDV | $4.40 | -6.2% | -12.0% |
Elders | ELD | $7.59 | -9.6% | +4.9% |
Fletcher Building | FBU | $2.60 | -5.1% | -35.7% |
Graincorp | GNC | $7.71 | -11.2% | +5.4% |
IPH | IPH | $4.97 | -6.9% | -27.2% |
Latin Resources | LRS | $0.165 | -17.5% | -8.3% |
Liontown Resources | LTR | $0.695 | -15.2% | -48.7% |
Mineral Resources | MIN | $35.10 | -8.1% | -42.1% |
McMillan Shakespeare | MMS | $14.89 | +1.5% | -17.6% |
NIB | NHF | $5.47 | -5.9% | -29.1% |
Novonix | NVX | $0.690 | +2.2% | +0.7% |
Pilbara Minerals | PLS | $2.40 | -20.0% | -33.5% |
PWR Holdings | PWH | $8.15 | -9.8% | -17.0% |
Rural Funds Group | RFF | $1.845 | -0.5% | -2.6% |
The Star Entertainment Group | SGR | $0.210 | -6.7% | -61.1% |
Smartgroup Corporation | SIQ | $7.75 | +0.5% | -8.7% |
Strike Energy | STX | $0.200 | -9.1% | -50.0% |
Woolworths Group | WOW | $29.98 | +1.1% | -12.3% |
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), Bapcor (ASX: BAP), Chalice Mining (ASX: CHN), Coronado Global Resources (ASX: CRN), Droneshield (ASX: DRO), Data#3 (ASX: DTL), Elders (ASX: ELD), Fletcher Building (ASX: FBU), Graincorp (ASX: GNC), IPH (ASX: IPH), Liontown Resources (ASX: LTR), NIB (ASX: NHF), Novonix (ASX: NVX), Pilbara Minerals (ASX: PLS), Rural Funds Group (ASX: RFF).
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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