Evening Wrap: ASX 200 slumps on escalating Mid-East conflict, but golden lining for war winners energy and gold stocks
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Technical Analysis
/ChartWatch ASX Scans: Andean Silver, Breville, Catalyst Metals, Envirosuite, Iperionx, Tasmea, Wisetech, Weebit Nano
Technical Analysis
ChartWatch ASX Scans: Andean Silver, Breville, Catalyst Metals, Envirosuite, Iperionx, Tasmea, Wisetech, Weebit Nano
Fri 13 Sep 24, 9:27am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: ARB Corp (ARB), Andean Silver (ASL), Breville (BRG), Catapult International (CAT), Catalyst Metals (CYL), Envirosuite (EVS), Fisher & Paykel Healthcare (FPH), Iperionx (IPX), Pro Medicus (PME), PYC Therapeutics (PYC)
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 % |
BetaShares Australia 200 ETF | A200 | $136.29 | +4.1% | +12.5% |
AI-Media Technologies | AIM | $0.770 | +92.5% | +156.7% |
Appen | APX | $1.500 | +58.7% | +13.0% |
ARB Corporation | ARB | $43.65 | +8.5% | +33.7% |
Andean Silver | ASL | $1.060 | +57.0% | +253.3% |
BetaShares S&P/ASX Australian Technology ETF | ATEC | $26.20 | +7.5% | +31.7% |
Breville Group | BRG | $34.80 | +20.0% | +50.2% |
Catapult Group International | CAT | $2.35 | +6.8% | +137.4% |
Charter Hall Group | CHC | $16.24 | +33.7% | +57.5% |
Charter Hall Long Wale Reit | CLW | $3.96 | +7.6% | +12.2% |
Centuria Capital Group | CNI | $1.825 | +17.0% | +25.0% |
Coles Group | COL | $19.04 | +4.2% | +19.4% |
Catalyst Metals | CYL | $2.49 | +19.1% | +374.3% |
Downer EDI | DOW | $5.66 | +15.7% | +35.1% |
Dexus | DXS | $7.61 | +4.7% | +0.7% |
Envirosuite | EVS | $0.068 | +65.9% | -5.6% |
BetaShares Australian Sustainability Leaders ETF | FAIR | $20.90 | +6.0% | +15.5% |
Future Generation Australia | FGX | $1.270 | +7.6% | +11.4% |
Fisher & Paykel Healthcare Corporation | FPH | $35.66 | +21.5% | +82.5% |
Generation Development Group | GDG | $2.84 | +7.6% | +125.3% |
Goodman Group | GMG | $34.54 | -1.8% | +49.8% |
BetaShares Australian Dividend Harvester Fund ETF | HVST | $13.46 | +3.5% | +10.3% |
iShares Core MSCI Australia ESG ETF | IESG | $30.27 | +3.9% | +16.0% |
Intelligent Monitoring Group | IMB | $0.650 | +12.1% | +202.3% |
Iperionx | IPX | $2.79 | +25.7% | +140.5% |
Judo Capital | JDO | $1.685 | +24.8% | +69.3% |
Light & Wonder | LNW | $165.60 | +5.6% | +39.2% |
MA Financial Group | MAF | $5.37 | +20.7% | +11.2% |
Maas Group | MGH | $4.70 | +12.4% | +39.9% |
Vaneck Australian Property ETF | MVA | $24.43 | +9.4% | +20.9% |
Nuix | NXL | $5.44 | +66.9% | +221.9% |
Opthea | OPT | $0.610 | +38.6% | +50.5% |
Pointsbet | PBH | $0.650 | +34.0% | +63.5% |
Predictive Discovery | PDI | $0.270 | +38.5% | +38.5% |
Pro Medicus | PME | $164.39 | +16.6% | +125.6% |
PYC Therapeutics | PYC | $0.145 | +38.1% | +162.0% |
Resolution Cap Global Property Sec ETF | RCAP | $1.770 | +6.9% | +18.8% |
Regis Healthcare | REG | $5.41 | +31.0% | +112.2% |
Ridley Corporation | RIC | $2.45 | +8.9% | +9.9% |
Resolute Mining | RSG | $0.695 | +8.6% | +110.6% |
Reliance Worldwide Corporation | RWC | $5.60 | +18.9% | +45.1% |
Scentre Group | SCG | $3.63 | +5.8% | +38.0% |
Santana Minerals | SMI | $2.10 | +57.9% | +223.1% |
Spartan Resources | SPR | $1.400 | +9.8% | +327.0% |
Sun Silver | SS1 | $0.685 | +67.1% | 0% |
Tasmea | TEA | $1.945 | +21.6% | 0% |
Technology One | TNE | $23.00 | +4.8% | +46.3% |
Vanguard Australian Corp Fixed Interest Index ETF | VACF | $51.57 | +0.9% | +4.3% |
Westpac Banking Corporation | WBC | $32.30 | +12.0% | +50.7% |
Wisetech Global | WTC | $131.64 | +40.7% | +92.3% |
Xero | XRO | $144.27 | +6.6% | +19.2% |
Today's Uptrends Scan List
Feature charts from today's Uptrends List 🔎📈
ARB Corporation (ASX: ARB), Andean Silver (ASX: ASL), Breville Group (ASX: BRG), Catapult Group International (ASX: CAT), Catalyst Metals (ASX: CYL), Envirosuite (ASX: EVS), Fisher & Paykel Healthcare Corporation (ASX: FPH), Iperionx (ASX: IPX), Vaneck Australian Property ETF (ASX: MVA), Nuix (ASX: NXL), Pro Medicus (ASX: PME), PYC Therapeutics (ASX: PYC), Regis Healthcare (ASX: REG), Resolute Mining (ASX: RSG), Reliance Worldwide Corporation (ASX: RWC), Santana Minerals (ASX: SMI), Tasmea (ASX: TEA), Wisetech Global (ASX: WTC).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Bluescope Steel | BSL | $19.57 | -1.4% | -7.2% |
Dicker Data | DDR | $9.04 | -12.8% | -6.2% |
Grange Resources | GRR | $0.245 | -19.7% | -46.2% |
Imugene | IMU | $0.051 | -5.6% | -13.6% |
Inghams Group | ING | $2.96 | -22.5% | -12.4% |
Weebit Nano | WBT | $1.915 | -7.0% | -53.2% |
Webjet | WEB | $7.48 | -8.2% | +8.1% |
Today's Downtrends Scan List
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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