ChartWatch ASX Scans: Andean Silver, Hub24, Macquarie Group, Woolworths, Coronado Global, New Hope, Ramsay Health Care
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Interesting uptrends in today's Scans: Andean Silver (ASL), Coles (COL), HMC Capital (HMC), Hub24 (HUB), Lynas Rare Earths (LYC), Macquarie (MQG), Resmed Inc (RMD), Seven (SVW), Westpac (WBC), Wesfarmers (WES), Woolworths (WOW), Zip Co. (ZIP)
- Interesting downtrends in today's Scans: Coronado Resources (CRN), Lifestyle Communities (LIC), Megaport (MP1), New Hope Corp (NHC), Paladin Energy (PDN), Ramsay Health Care (RHC), The Star Entertainment Group (SGR), Whitehaven Coal (WHC)
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 % |
|---|---|---|---|---|
Aristocrat Leisure | ALL | $54.19 | +0.5% | +35.6% |
Amcor | AMC | $16.53 | +4.0% | +13.3% |
ANZ Group | ANZ | $29.92 | +4.9% | +22.9% |
Andean Silver | ASL | $0.920 | +31.4% | +240.7% |
Car Group | CAR | $37.98 | +11.6% | +37.1% |
Commonwealth Bank of Australia | CBA | $138.57 | +1.9% | +39.2% |
Coles Group | COL | $18.88 | +5.1% | +18.7% |
BetaShares Global Healthcare Hedged ETF | DRUG | $9.07 | +3.4% | +15.4% |
DUG Technology | DUG | $3.23 | +20.5% | +111.8% |
Environmental Group (The) | EGL | $0.375 | +8.7% | +74.4% |
EZZ Life Science | EZZ | $2.39 | +33.5% | +251.5% |
Fisher & Paykel Healthcare Corporation | FPH | $33.05 | +13.7% | +61.1% |
GDI Property Group | GDI | $0.670 | +13.6% | +6.3% |
Hearts and Minds Investments | HM1 | $2.76 | +2.2% | +18.5% |
HMC Capital | HMC | $8.31 | +7.6% | +54.7% |
Hub24 | HUB | $54.45 | +12.0% | +74.0% |
Insurance Australia Group | IAG | $7.49 | +2.9% | +31.9% |
Incitec Pivot | IPL | $3.02 | +2.7% | +14.2% |
Lynas Rare Earths | LYC | $7.02 | +15.3% | +0.7% |
MA Financial Group | MAF | $5.12 | +14.8% | +11.3% |
Macquarie Group | MQG | $213.16 | +3.0% | +24.1% |
Vaneck Australian Banks ETF | MVB | $37.26 | +1.9% | +31.7% |
National Australia Bank | NAB | $37.70 | -0.6% | +35.2% |
NRW | NWH | $3.55 | +7.9% | +30.5% |
Nuix | NXL | $4.81 | +45.8% | +223.9% |
Pacific Current Group | PAC | $11.38 | +6.2% | +7.5% |
PYC Therapeutics | PYC | $0.135 | +42.1% | +127.7% |
REA Group | REA | $219.12 | +9.4% | +35.8% |
Regis Healthcare | REG | $4.94 | +17.6% | +105.8% |
Resmed Inc | RMD | $35.45 | +12.4% | +41.0% |
Reliance Worldwide Corporation | RWC | $5.27 | +3.9% | +32.1% |
SRG Global | SRG | $1.030 | +12.6% | +49.3% |
Step One Clothing | STP | $1.865 | +15.8% | +276.8% |
Seven Group | SVW | $40.52 | +5.5% | +49.6% |
Southern Cross Gold | SXG | $2.93 | +36.3% | +566.2% |
Turaco Gold | TCG | $0.260 | +18.2% | +465.2% |
Tasmea | TEA | $1.850 | +11.4% | 0% |
Technology One | TNE | $22.78 | +16.4% | +52.4% |
Westpac Banking Corporation | WBC | $30.83 | +6.0% | +45.4% |
Wesfarmers | WES | $77.20 | +7.8% | +51.4% |
Woolworths Group | WOW | $36.62 | +6.5% | -2.1% |
Zip Co. | ZIP | $2.38 | +30.4% | +570.4% |
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: Amcor (ASX: AMC), Andean Silver (ASX: ASL), Coles Group (ASX: COL), BetaShares Global Healthcare Hedged ETF (ASX: DRUG), Fisher & Paykel Healthcare Corporation (ASX: FPH), GDI Property Group (ASX: GDI), HMC Capital (ASX: HMC), Hub24 (ASX: HUB), Lynas Rare Earths (ASX: LYC), MA Financial Group (ASX: MAF), Macquarie Group (ASX: MQG), Vaneck Australian Banks ETF (ASX: MVB), National Australia Bank (ASX: NAB), Pacific Current Group (ASX: PAC), Resmed Inc (ASX: RMD), Seven Group (ASX: SVW), Westpac Banking Corporation (ASX: WBC), Wesfarmers (ASX: WES), Woolworths Group (ASX: WOW), Zip Co. (ASX: ZIP).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
APA Group | APA | $7.82 | +0.5% | -10.2% |
Eagers Automotive | APE | $10.02 | -2.2% | -29.6% |
ASX | ASX | $60.90 | -6.3% | +6.3% |
Bellevue Gold | BGL | $1.335 | +0.4% | -14.4% |
Brickworks | BKW | $26.15 | -7.4% | -0.1% |
Beach Energy | BPT | $1.275 | -12.1% | -15.8% |
Collins Foods | CKF | $7.52 | -16.6% | -23.2% |
Coronado Global Resources | CRN | $1.190 | -12.2% | -25.2% |
Domain Australia | DHG | $2.76 | -11.8% | -25.8% |
Fleetpartners Group | FPR | $3.08 | -9.4% | +7.7% |
Grange Resources | GRR | $0.275 | -12.7% | -44.4% |
Karoon Energy | KAR | $1.700 | -5.8% | -25.4% |
Lifestyle Communities | LIC | $8.00 | -11.5% | -50.3% |
Liontown Resources | LTR | $0.770 | -15.8% | -70.7% |
Meteoric Resources | MEI | $0.100 | -4.8% | -45.9% |
Mineral Resources | MIN | $44.18 | -15.0% | -32.6% |
McMillan Shakespeare | MMS | $15.70 | -9.8% | -17.5% |
Megaport | MP1 | $8.60 | -20.2% | -28.6% |
Monash IVF Group | MVF | $1.190 | -10.9% | +0.8% |
Neuren Pharmaceuticals | NEU | $15.34 | -23.9% | +22.3% |
New Hope Corporation | NHC | $4.57 | -2.8% | -15.4% |
Novonix | NVX | $0.600 | -16.7% | -46.9% |
Omni Bridgeway | OBL | $0.840 | -20.0% | -68.8% |
Paladin Energy | PDN | $10.13 | -8.5% | +20.6% |
Platinum Asset Management | PTM | $0.980 | -4.9% | -35.3% |
Power | PWH | $9.06 | -23.2% | -12.2% |
Ramsay Health Care | RHC | $43.89 | -2.3% | -9.4% |
The Star Entertainment Group | SGR | $0.460 | -20.7% | -48.7% |
Smartgroup Corporation | SIQ | $7.78 | -6.2% | -7.9% |
Skycity Entertainment Group | SKC | $1.300 | -7.8% | -37.2% |
Spark New Zealand | SPK | $3.31 | -13.6% | -28.5% |
Sayona Mining | SYA | $0.026 | -13.3% | -79.2% |
Vulcan Energy Resources | VUL | $3.77 | -10.9% | +13.6% |
Whitehaven Coal | WHC | $6.77 | -11.3% | +4.5% |
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: Coronado Global Resources (ASX: CRN), Lifestyle Communities (ASX: LIC), McMillan Shakespeare (ASX: MMS), Megaport (ASX: MP1), New Hope Corporation (ASX: NHC), Paladin Energy (ASX: PDN), Power (ASX: PWH), Ramsay Health Care (ASX: RHC), The Star Entertainment Group (ASX: SGR), Spark New Zealand (ASX: SPK), Whitehaven Coal (ASX: WHC).
Charts of each below:
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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.
