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, Praemium, Solvar, Technology One, Wesfarmers, Audinate, Bellevue Gold, IDP Education, Newmont, Smartgroup
Technical Analysis
ChartWatch ASX Scans: AMP, Praemium, Solvar, Technology One, Wesfarmers, Audinate, Bellevue Gold, IDP Education, Newmont, Smartgroup
Tue 03 Dec 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: AMP (AMP), Ophir High Conviction Fund (OPH), Peet (PPC), Praemium (PPS), Solvar (SVR), Technology One (TNE), Wesfarmers (WES).
- Interesting downtrends in today's Scans: Audinate (AD8), Bellevue Gold (BGL), Challenger (CGF), Clinuvel Pharma (CUV), Graincorp (GNC), IDP Education (IEL), IPH (IPH), Liontown Resources (LTR), McMillan Shakespeare (MMS), Newmont (NEM), Smartgroup (SIQ).
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 % |
Astral Resources | AAR | $0.145 | -3.3% | +85.9% |
AMP | AMP | $1.580 | +10.5% | +69.0% |
Future Generation Australia | FGX | $1.305 | +7.9% | +23.1% |
iShares MSCI Japan ETF | IJP | $107.55 | +4.8% | +14.2% |
Incitec Pivot | IPL | $3.23 | +8.0% | +24.3% |
Iperionx | IPX | $4.47 | +31.5% | +236.1% |
James Bay Minerals | JBY | $0.740 | +12.1% | +134.9% |
Kina Securities | KSL | $1.065 | +2.9% | +40.1% |
Munro Global Growth Fund ETF | MAET | $6.77 | +7.5% | +36.8% |
Metro Mining | MMI | $0.064 | +23.1% | +236.8% |
Myer | MYR | $1.190 | +30.8% | +131.1% |
Mayne Pharma Group | MYX | $5.36 | +21.0% | +3.7% |
Ophir High Conviction Fund | OPH | $3.08 | +12.4% | +38.7% |
Peet | PPC | $1.550 | +13.6% | +22.5% |
Praemium | PPS | $0.720 | +8.3% | +67.4% |
Perpetual | PPT | $22.10 | +9.0% | -1.2% |
Scidev | SDV | $0.610 | +3.4% | +154.2% |
Sonic Healthcare | SHL | $28.99 | +8.8% | +0.3% |
Silex Systems | SLX | $5.91 | +15.7% | +77.5% |
Solvar | SVR | $1.450 | +14.6% | +39.4% |
Telix Pharmaceuticals | TLX | $24.55 | +14.5% | +155.2% |
Technology One | TNE | $30.91 | +27.1% | +98.5% |
Wesfarmers | WES | $73.26 | +10.0% | +39.0% |
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), Ophir High Conviction Fund (ASX: OPH), Peet (ASX: PPC), Praemium (ASX: PPS), Solvar (ASX: SVR), Technology One (ASX: TNE), Wesfarmers (ASX: WES).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $8.72 | -3.0% | -41.0% |
Arafura Rare Earths | ARU | $0.115 | -25.8% | -42.5% |
Bellevue Gold | BGL | $1.270 | -20.1% | -20.4% |
Brickworks | BKW | $26.15 | -3.3% | +3.9% |
BWP Trust | BWP | $3.41 | -0.3% | 0% |
Challenger | CGF | $6.13 | +2.2% | +4.1% |
Clinuvel Pharmaceuticals | CUV | $13.04 | -5.0% | -27.8% |
Dicker Data | DDR | $8.45 | -2.1% | -25.7% |
Dexus Industria Reit. | DXI | $2.67 | 0% | +1.1% |
Endeavour Group | EDV | $4.38 | -6.2% | -10.4% |
Fletcher Building | FBU | $2.75 | +0.4% | -31.6% |
Graincorp | GNC | $7.71 | -13.0% | +5.3% |
IDP Education | IEL | $12.53 | -10.4% | -45.3% |
IPH | IPH | $5.05 | -6.5% | -24.3% |
Liontown Resources | LTR | $0.715 | -11.7% | -46.8% |
McMillan Shakespeare | MMS | $14.84 | +2.3% | -16.4% |
Newmont Corporation | NEM | $62.95 | -9.0% | +4.2% |
NIB | NHF | $5.60 | -3.6% | -26.0% |
Rural Funds Group | RFF | $1.865 | +0.3% | -2.4% |
Smartgroup Corporation | SIQ | $7.73 | +2.1% | -8.1% |
Spark New Zealand | SPK | $2.62 | -0.8% | -44.4% |
Wildcat Resources | WC8 | $0.240 | -28.4% | -69.0% |
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), Bellevue Gold (ASX: BGL), Challenger (ASX: CGF), Clinuvel Pharmaceuticals (ASX: CUV), Fletcher Building (ASX: FBU), Graincorp (ASX: GNC), IDP Education (ASX: IEL), IPH (ASX: IPH), Liontown Resources (ASX: LTR), McMillan Shakespeare (ASX: MMS), Newmont Corporation (ASX: NEM), NIB (ASX: NHF), Smartgroup Corporation (ASX: SIQ).
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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