Technical Analysis

ChartWatch ASX Scans: Ansell, Global X Gold ETF, Netwealth, SRG Global, Trigg Minerals, Elders, IDP Education, Tyro Payments

Wed 09 Oct 24, 9:00am (AEST)
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ann
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bga
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dur
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hub
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hum
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tpg
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tpw
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vsl
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xrf
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zip
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Key Points

  • Interesting uptrends in today's Scans: Ansell (ANN), Dalrymple Bay Infrastructure/Notes (DBI), Djerriwarrh Investments (DJW), Global X Physical Gold ETF (GOLD), Netwealth Group (NWL), SRG Global (SRG), Trigg Minerals (TMG).
  • Interesting downtrends in today's Scans: Elders (ELD), IDP Education (IEL), Megaport (MP1), Nufarm (NUF), OOH!Media (OML), Rural Funds Group (RFF), Tyro Payments (TYR).

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 %

Ansell

ANN

$32.65

+9.8%

+51.8%

Baby Bunting Group

BBN

$1.795

+12.2%

-10.7%

Bega Cheese

BGA

$5.38

+5.7%

+109.3%

Dalrymple Bay Infrastructure/Notes

DBI

$3.39

+8.0%

+22.8%

Djerriwarrh Investments

DJW

$3.24

+3.5%

+14.5%

Duratec

DUR

$1.450

+16.0%

+25.0%

Future Generation Global

FGG

$1.390

+5.3%

+20.9%

Global X Physical Gold ETF

GOLD

$36.27

+5.3%

+36.8%

Hub24

HUB

$60.84

+10.2%

+90.1%

Humm Group

HUM

$0.845

+7.6%

+98.8%

Netwealth Group

NWL

$25.75

+15.9%

+78.7%

OFX Group

OFX

$2.26

+10.2%

+36.6%

Pinnacle Investment Management Group

PNI

$18.58

+14.8%

+115.0%

Praemium

PPS

$0.575

+13.9%

-2.5%

Ricegrowers

SGLLV

$9.10

+5.8%

+44.2%

SRG Global

SRG

$1.155

+13.2%

+90.9%

Servcorp

SRV

$5.38

+17.2%

+77.0%

Super Retail Group

SUL

$18.09

+7.1%

+61.0%

Sovereign Metals

SVM

$0.730

+10.6%

+84.8%

Telix Pharmaceuticals

TLX

$20.63

+17.6%

+87.9%

Trigg Minerals

TMG

$0.035

+169.2%

+191.7%

TPG Telecom

TPG

$5.04

+0.6%

-5.1%

Temple & Webster Group

TPW

$13.12

+18.2%

+124.3%

Vulcan Steel

VSL

$7.94

+11.2%

+5.3%

XRF Scientific

XRF

$1.675

+17.1%

+78.2%

Zip Co.

ZIP

$2.72

+25.3%

+926.4%

Today's Uptrends Scan List

Feature charts from today's Uptrends List πŸ”ŽπŸ“ˆ

Ansell (ASX: ANN), Dalrymple Bay Infrastructure/Notes (ASX: DBI), Djerriwarrh Investments (ASX: DJW), Global X Physical Gold ETF (ASX: GOLD), Netwealth Group (ASX: NWL), SRG Global (ASX: SRG), Trigg Minerals (ASX: TMG).

Charts of each below:

Ansell (ASX-ANN) chart 8 October 2024Dalrymple Bay Infrastructure Notes (ASX-DBI) chart 8 October 2024Djerriwarrh Investments (ASX-DJW) chart 8 October 2024Global X Physical Gold Global X Physical Gold (ASX-GOLD) chart 8 October 2024Netwealth Group (ASX-NWL) chart 8 October 2024SRG Global (ASX-SRG) chart 8 October 2024Trigg Minerals (ASX-TMG) chart 8 October 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

APA Group

APA

$7.40

+0.4%

-9.2%

Clinuvel Pharmaceuticals

CUV

$13.96

-4.1%

-5.4%

Data#3

DTL

$7.47

-3.2%

+5.2%

Endeavour Group

EDV

$4.92

-0.6%

-5.9%

Elders

ELD

$8.41

-8.3%

+51.5%

EVT

EVT

$10.37

+3.3%

-2.6%

Healthco Healthcare and Wellness Reit

HCW

$1.165

-2.1%

-18.5%

IDP Education

IEL

$15.04

-5.9%

-29.2%

Infomedia

IFM

$1.485

-9.5%

-2.9%

Immutep

IMM

$0.310

-23.5%

+9.8%

Inghams Group

ING

$2.89

-5.2%

-12.7%

IPH

IPH

$5.68

-6.0%

-22.3%

Jumbo Interactive

JIN

$13.40

-0.1%

-10.7%

Johns Lyng Group

JLG

$3.62

+4.9%

-42.9%

Meteoric Resources

MEI

$0.094

+4.4%

-56.3%

Megaport

MP1

$7.32

-4.7%

-35.8%

Nufarm

NUF

$3.76

+1.3%

-20.5%

OOH!Media

OML

$1.270

-0.4%

-4.5%

Rural Funds Group

RFF

$1.945

-3.2%

+8.1%

The Star Entertainment Group

SGR

$0.270

-47.6%

-70.2%

Spark New Zealand

SPK

$2.78

-13.7%

-38.1%

Tyro Payments

TYR

$0.880

-14.6%

-35.1%

Today's Downtrends Scan List

Feature charts from today's Downtrends List πŸ”ŽπŸ“‰

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Elders (ASX: ELD), IDP Education (ASX: IEL), Megaport (ASX: MP1), Nufarm (ASX: NUF), OOH!Media (ASX: OML), Rural Funds Group (ASX: RFF), Tyro Payments (ASX: TYR).

Charts of each below:

Elders (ASX-ELD) chart 8 October 2024IDP Education (ASX-IEL) chart 8 October 2024Megaport (ASX-MP1) chart 8 October 2024Nufarm (ASX-NUF) chart 8 October 2024OOH!Media (ASX-OML) chart 8 October 2024Rural Funds Group (ASX-RFF) chart 8 October 2024Tyro Payments (ASX-TYR) chart 8 October 2024

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.

 

Written By

Carl Capolingua

Content Editor

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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