Evening Wrap: ASX 200 higher, Wesfarmers soars on Goldman Sachs upgrade, Energy stocks slump
Fri 24 Jan 25, 4:57pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: AMP, Accent Group, Bank of Queensland, Tasmea, Qantas, Vaneck Bitcoin ETF, Vulcan Energy, Graincorp
Technical Analysis
ChartWatch ASX Scans: AMP, Accent Group, Bank of Queensland, Tasmea, Qantas, Vaneck Bitcoin ETF, Vulcan Energy, Graincorp
Tue 19 Nov 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: AMP (AMP), Accent (AX1), Bendigo and Adelaide Bank (BEN), Bank of Queensland (BOQ), Australian Banks ETF (MVB), News Corporation (NWS), Qantas Airways (QAN), Tasmea (TEA), Bitcoin ETF (VBTC), Vulcan Energy (VUL).
- Interesting downtrends in today's Scans: Graincorp (GNC), Imugene (IMU), Patriot Battery Metals (PMT).
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 % |
Alcoa Corporation | AAI | $68.34 | +11.7% | 0% |
Adriatic Metals | ADT | $4.26 | +6.2% | +33.1% |
Australian Ethical Investment | AEF | $4.83 | +15.6% | -1.4% |
AMP | AMP | $1.555 | +4.0% | +53.2% |
Ansell | ANN | $32.47 | +3.2% | +42.0% |
BetaShares Australian Quality ETF | AQLT | $31.40 | +1.8% | +27.2% |
Accent Group | AX1 | $2.51 | +2.9% | +20.1% |
Bendigo and Adelaide Bank | BEN | $13.20 | +7.2% | +47.2% |
Bank of Queensland | BOQ | $6.83 | -2.6% | +21.5% |
Brambles | BXB | $19.25 | +0.9% | +43.6% |
Catapult Group International | CAT | $3.07 | +16.7% | +172.9% |
Chorus | CNU | $8.25 | +3.1% | +17.0% |
Coles Group | COL | $18.18 | +1.7% | +17.6% |
Computershare | CPU | $30.45 | +15.7% | +30.0% |
Findi | FND | $7.64 | +39.7% | +1057.6% |
Generation Development Group | GDG | $3.60 | +12.2% | +135.6% |
Helia Group | HLI | $4.44 | +5.7% | +22.5% |
HMC Capital | HMC | $11.50 | +25.7% | +150.0% |
Imdex | IMD | $2.65 | +5.6% | +56.8% |
Judo Capital | JDO | $2.00 | +4.4% | +116.2% |
Macquarie Core Australian Equity Active ETF | MQAE | $11.17 | +1.0% | 0% |
Vaneck Australian Banks ETF | MVB | $40.91 | +4.0% | +42.7% |
NRW | NWH | $3.94 | +6.8% | +57.0% |
News Corporation | NWS | $49.70 | +18.9% | +47.4% |
Origin Energy | ORG | $10.60 | +8.1% | +23.7% |
Perenti | PRN | $1.205 | +6.6% | +15.3% |
Qantas Airways | QAN | $8.90 | +20.8% | +65.1% |
QBE Insurance Group | QBE | $19.32 | +11.7% | +28.4% |
Redox | RDX | $4.09 | +14.9% | +63.6% |
Silex Systems | SLX | $5.85 | +15.6% | +63.4% |
SRG Global | SRG | $1.195 | +3.0% | +79.7% |
Tasmea | TEA | $3.14 | +21.7% | 0% |
Vaneck Bitcoin ETF | VBTC | $28.53 | +38.6% | 0% |
Vulcan Energy Resources | VUL | $6.48 | +36.7% | +151.2% |
Westpac Banking Corporation | WBC | $33.24 | +2.6% | +58.0% |
Weebit Nano | WBT | $3.53 | +72.2% | -11.1% |
Wisetech Global | WTC | $135.63 | +10.7% | +102.9% |
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: AMP (ASX: AMP), Accent Group (ASX: AX1), Bendigo and Adelaide Bank (ASX: BEN), Bank of Queensland (ASX: BOQ), Vaneck Australian Banks ETF (ASX: MVB), News Corporation (ASX: NWS), Qantas Airways (ASX: QAN), Tasmea (ASX: TEA), Vaneck Bitcoin ETF (ASX: VBTC), Vulcan Energy Resources (ASX: VUL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $8.82 | -8.5% | -37.7% |
Dicker Data | DDR | $8.66 | -5.0% | -24.0% |
Develop Global | DVP | $1.935 | -25.0% | -31.9% |
Graincorp | GNC | $8.02 | -11.2% | +11.6% |
Imugene | IMU | $0.041 | -16.3% | -61.0% |
Patriot Battery Metals | PMT | $0.285 | -30.5% | -73.7% |
Today's Downtrends Scan List
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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