Evening Wrap: ASX 200 edges higher as financials, property and tech stocks lead, worrying China market move drags down commodities
Mon 16 Sep 24, 5:46pm (AEST)
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/ChartWatch ASX Scans: AMP, Coles, Global Data Centre, Bannerman Energy, BHP, Sandfire Resources, Syrah Resources
Technical Analysis
ChartWatch ASX Scans: AMP, Coles, Global Data Centre, Bannerman Energy, BHP, Sandfire Resources, Syrah Resources
Fri 09 Aug 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: AMP (AMP), Coles Group (COL), Global Data Centre Group (GDC)
- Interesting downtrends in today's Scans: BHP, Bannerman Energy (BMN), Boss Energy (BOE), Deep Yellow (DYL), Fortescue (FMG), Lotus Resources (LOT), Liontown Resources (LTR), Nickel Industries (NIC), Patriot Battery Metals (PMT), Sandfire Resources (SFR)
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 % |
|---|---|---|---|---|
Australian Finance Group | AFG | $1.585 | +17.0% | -13.4% |
AGL Energy | AGL | $10.75 | +4.4% | -6.9% |
Amcor | AMC | $16.03 | +12.9% | +7.0% |
AMP | AMP | $1.280 | +14.8% | +16.4% |
Coles Group | COL | $18.20 | +6.4% | +0.5% |
Catalyst Metals | CYL | $1.860 | +31.9% | +181.8% |
Djerriwarrh Investments | DJW | $3.16 | +2.3% | +6.4% |
Fisher & Paykel Healthcare Corporation | FPH | $30.13 | +7.5% | +35.4% |
Global Data Centre Group | GDC | $3.40 | +7.9% | +104.2% |
Genusplus Group | GNP | $2.18 | +5.3% | +81.7% |
Technology One | TNE | $20.82 | +12.5% | +34.7% |
Vysarn | VYS | $0.410 | +20.6% | +148.5% |
Wesfarmers | WES | $71.44 | +7.5% | +42.9% |
Today's Uptrends Scan List
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.775 | -10.9% | -30.8% |
Ampol | ALD | $32.08 | -3.1% | +2.2% |
Atlas Arteria | ALX | $5.05 | -1.2% | -17.6% |
Amotiv | AOV | $9.84 | -2.1% | -5.1% |
APA Group | APA | $7.83 | 0% | -18.4% |
Eagers Automotive | APE | $9.82 | -3.8% | -31.6% |
Arafura Rare Earths | ARU | $0.160 | -17.9% | -40.7% |
Bellevue Gold | BGL | $1.245 | -36.6% | -15.9% |
BHP Group | BHP | $40.21 | -6.9% | -11.8% |
Bannerman Energy | BMN | $2.39 | -21.6% | +45.7% |
Boss Energy | BOE | $2.87 | -23.5% | -1.7% |
Beach Energy | BPT | $1.390 | -6.7% | -16.5% |
Brainchip | BRN | $0.170 | -17.1% | -54.1% |
Chalice Mining | CHN | $0.990 | -20.5% | -83.1% |
Centuria Industrial Reit | CIP | $3.08 | +1.3% | -2.5% |
Collins Foods | CKF | $8.57 | -4.7% | -16.8% |
Centuria Capital Group | CNI | $1.545 | -2.5% | -3.4% |
Cettire | CTT | $1.140 | -5.4% | -60.1% |
Clinuvel Pharmaceuticals | CUV | $13.71 | -7.6% | -22.2% |
Calix | CXL | $0.850 | -32.3% | -80.9% |
Dicker Data | DDR | $9.46 | -9.9% | +18.0% |
De Grey Mining | DEG | $1.095 | -6.0% | -19.5% |
Domain Australia | DHG | $2.97 | +1.0% | -24.2% |
Deep Yellow | DYL | $0.935 | -31.5% | +29.9% |
Fortescue | FMG | $18.10 | -16.2% | -14.0% |
IGO | IGO | $5.09 | -11.5% | -62.6% |
IPH | IPH | $5.99 | -2.8% | -23.9% |
Johns Lyng Group | JLG | $5.45 | -6.7% | +5.4% |
Karoon Energy | KAR | $1.735 | -4.4% | -21.8% |
Kelsian Group | KLS | $4.92 | -2.2% | -27.1% |
Lifestyle Communities | LIC | $8.92 | -25.9% | -47.3% |
Lotus Resources | LOT | $0.215 | -33.8% | -4.4% |
Latin Resources | LRS | $0.125 | -19.4% | -67.9% |
Liontown Resources | LTR | $0.850 | -8.6% | -69.1% |
Lynas Rare Earths | LYC | $5.92 | -5.0% | -14.3% |
Meteoric Resources | MEI | $0.089 | -42.6% | -61.3% |
Monadelphous Group | MND | $11.53 | -8.7% | -14.5% |
Megaport | MP1 | $9.94 | -14.2% | -2.9% |
Metcash | MTS | $3.50 | -5.9% | -2.8% |
Mayne Pharma Group | MYX | $3.88 | -7.0% | -13.4% |
Nickel Industries | NIC | $0.755 | -6.8% | -7.9% |
Novonix | NVX | $0.610 | -11.6% | -36.1% |
Nexgen Energy | NXG | $8.30 | -19.1% | +14.3% |
Nextdc | NXT | $15.38 | -14.7% | +22.1% |
Orora | ORA | $1.885 | -1.3% | -42.9% |
Predictive Discovery | PDI | $0.170 | -10.5% | -2.9% |
Paladin Energy | PDN | $9.90 | -24.8% | +27.7% |
Patriot Battery Metals | PMT | $0.440 | -12.0% | -72.3% |
QBE Insurance Group | QBE | $16.33 | -4.6% | +4.3% |
Rio Tinto | RIO | $114.16 | -4.4% | +0.2% |
Regis Resources | RRL | $1.555 | -15.9% | -3.1% |
Sandfire Resources | SFR | $7.81 | -12.8% | +19.2% |
Sims | SGM | $9.90 | -4.3% | -33.6% |
Silex Systems | SLX | $4.25 | -14.0% | +28.8% |
Block | SQ2 | $88.10 | -8.2% | -10.5% |
Strike Energy | STX | $0.180 | -18.2% | -57.1% |
Syrah Resources | SYR | $0.230 | -25.8% | -67.2% |
Tabcorp | TAH | $0.550 | -21.4% | -48.8% |
Talga Group | TLG | $0.410 | -27.4% | -67.7% |
TPG Telecom | TPG | $4.47 | -3.7% | -18.7% |
Unibail-Rodamco-Westfield | URW | $5.48 | -8.5% | +31.7% |
Viva Energy Group | VEA | $3.10 | +0.3% | -0.6% |
Vulcan Steel | VSL | $6.30 | -0.6% | -16.6% |
Weebit Nano | WBT | $2.01 | -17.6% | -62.6% |
Wildcat Resources | WC8 | $0.240 | -14.3% | +33.3% |
Woodside Energy Group | WDS | $24.93 | -12.6% | -34.7% |
Worley | WOR | $13.91 | -3.8% | -18.8% |
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: Ampol (ASX: ALD), Eagers Automotive (ASX: APE), BHP Group (ASX: BHP), Bannerman Energy (ASX: BMN), Boss Energy (ASX: BOE), Collins Foods (ASX: CKF), Deep Yellow (ASX: DYL), Fortescue (ASX: FMG), Lotus Resources (ASX: LOT), Liontown Resources (ASX: LTR), Megaport (ASX: MP1), Nickel Industries (ASX: NIC), Patriot Battery Metals (ASX: PMT), Regis Resources (ASX: RRL), Sandfire Resources (ASX: SFR), Silex Systems (ASX: SLX), Strike Energy (ASX: STX), Syrah Resources (ASX: SYR), Tabcorp (ASX: TAH), Unibail-Rodamco-Westfield (ASX: URW), Vulcan Steel (ASX: VSL), Woodside Energy Group (ASX: WDS).
Charts of each below:
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.
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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