Evening Wrap: ASX 200 rises on flows back into energy and mining stocks, except gold, as flight to safety gets smashed
Tue 13 May 25, 5:49pm (AEST)
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/ChartWatch ASX Scans: ANZ, Calix, Commbank, Develop Global, Mitre Mining, Metro Mining, NextDC
Technical Analysis
ChartWatch ASX Scans: ANZ, Calix, Commbank, Develop Global, Mitre Mining, Metro Mining, NextDC
Wed 10 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: ANZ (ANZ), Black Cat Syndicate (BC8), Bisalloy Steel (BIS), CommBank (CBA), Droneshield (DRO), Emeco (EHL), EZZ Life Science (EZZ), Mitre Mining (MMC), Metro Mining (MMI), Nextdc (NXT), Westpac (WBC), and Zip Co (ZIP)
- Interesting downtrends in today's Scans: Audinate (AD8), Aurizon (AZJ), Corporate Travel (CTD), Calix (CXL), Develop Global (DVP), Healthco Health & Wellness (HCW), James Hardie (JHX), Patriot Battery Metals (PMT), Vulcan Steel (VSL), and Worley (WOR)
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 | $51.52 | +9.2% | +36.0% |
Aurelia Metals | AMI | $0.210 | +16.7% | +118.8% |
Austin Engineering | ANG | $0.610 | +15.1% | +110.3% |
ANZ Group | ANZ | $29.29 | +0.4% | +24.5% |
BetaShares Asia Technology Tigers ETF | ASIA | $9.34 | +5.1% | +28.7% |
Black Cat Syndicate | BC8 | $0.365 | +17.7% | -5.2% |
Bendigo and Adelaide Bank | BEN | $11.62 | +2.9% | +34.3% |
Bisalloy Steel | BIS | $4.60 | +14.1% | +156.7% |
Botanix Pharmaceuticals | BOT | $0.340 | +21.4% | +223.8% |
Commonwealth Bank of Australia | CBA | $128.69 | +2.5% | +28.1% |
Codan | CDA | $12.17 | +10.7% | +59.9% |
Droneshield | DRO | $2.15 | +66.0% | +711.3% |
Empire Energy | EEG | $0.265 | +26.2% | +65.6% |
Emeco | EHL | $0.790 | +8.2% | +13.7% |
Emerald Resources | EMR | $3.86 | +1.0% | +73.1% |
Electro Optic Systems | EOS | $1.660 | +33.9% | +112.8% |
EQT | EQT | $32.66 | +0.4% | +28.2% |
EZZ Life Science | EZZ | $1.920 | +75.3% | +228.2% |
FBR | FBR | $0.047 | +88.0% | +80.8% |
Frontier Energy | FHE | $0.520 | +14.3% | +30.0% |
Genusplus | GNP | $2.10 | +12.3% | +105.9% |
Horizon Oil | HZN | $0.200 | +14.3% | +42.9% |
Light & Wonder | LNW | $157.00 | +5.2% | +51.1% |
Loftus Peak Global Disruption ETF | LPGD | $4.82 | +6.9% | +47.0% |
Lycopodium | LYL | $13.41 | +10.8% | +33.7% |
Mitre Mining Corporation | MMC | $0.900 | +21.6% | +246.2% |
Metro Mining | MMI | $0.058 | +18.4% | +152.2% |
Vaneck Australian Banks ETF | MVB | $35.37 | +1.6% | +25.7% |
Mystate | MYS | $3.81 | +1.6% | +16.9% |
Nuix | NXL | $3.56 | +26.7% | +318.8% |
Nextdc | NXT | $18.44 | +3.6% | +48.7% |
Origin Energy | ORG | $10.83 | +4.6% | +28.5% |
Pinnacle Investment Management | PNI | $15.01 | +12.8% | +53.9% |
Pantoro | PNR | $0.098 | +5.4% | +36.1% |
Praemium | PPS | $0.520 | +13.0% | -16.1% |
Qube | QUB | $3.70 | +0.3% | +30.3% |
Rincon Resources | RCR | $0.145 | +90.8% | +98.6% |
REA Group | REA | $196.86 | +4.5% | +36.8% |
Retail Food Group | RFG | $0.080 | +23.1% | +35.6% |
Steadfast Group | SDF | $6.29 | +13.3% | +5.2% |
Global X Semiconductor ETF | SEMI | $18.73 | +4.6% | +61.7% |
Superloop | SLC | $1.575 | +13.7% | +173.9% |
Stanmore Resources | SMR | $3.95 | +11.0% | +62.1% |
Southern Cross Electrical Engineering | SXE | $1.760 | +8.6% | +166.7% |
Tuas | TUA | $4.70 | +17.5% | +147.4% |
VGI Partners Global Investments | VG1 | $1.960 | +2.6% | +19.9% |
Ventia Services Group | VNT | $4.14 | +12.2% | +38.0% |
Westpac Banking Corporation | WBC | $27.68 | +2.6% | +31.6% |
Zip Co. | ZIP | $1.820 | +52.3% | +333.3% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: ANZ (ASX: ANZ), Black Cat Syndicate (ASX: BC8), Bendigo and Adelaide Bank (ASX: BEN), Bisalloy Steel (ASX: BIS), Commonwealth Bank of Australia (ASX: CBA), Codan (ASX: CDA), Droneshield (ASX: DRO), Emeco (ASX: EHL), EZZ Life Science (ASX: EZZ), Genusplus (ASX: GNP), Lycopodium (ASX: LYL), Mitre Mining Corporation (ASX: MMC), Metro Mining (ASX: MMI), Nextdc (ASX: NXT), Pinnacle Investment Management (ASX: PNI), Ventia Services (ASX: VNT), Westpac Banking Corporation (ASX: WBC), Zip Co. (ASX: ZIP).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Aussie Broadband | ABB | $3.46 | -1.4% | +15.7% |
Australian Clinical Labs | ACL | $2.40 | +3.9% | -29.4% |
Audinate Group | AD8 | $15.70 | -2.3% | +74.4% |
Australian Ethical Investment | AEF | $4.00 | -8.7% | +25.0% |
Amotiv | AOV | $10.10 | -3.7% | +13.0% |
APA Group | APA | $7.81 | -9.0% | -20.6% |
Eagers Automotive | APE | $10.11 | -0.3% | -29.8% |
Aurizon | AZJ | $3.58 | -5.0% | -8.2% |
Bannerman Energy | BMN | $3.10 | -25.3% | +81.3% |
Beach Energy | BPT | $1.500 | -5.4% | +8.3% |
Brainchip | BRN | $0.200 | -11.1% | -42.9% |
BWP Trust | BWP | $3.45 | -7.3% | -5.0% |
Credit Corp Group | CCP | $14.11 | -3.2% | -28.1% |
Champion Iron | CIA | $6.44 | -2.3% | +11.2% |
Centuria Industrial Reit | CIP | $3.04 | -5.3% | -3.5% |
Charter Hall Long Wale Reit | CLW | $3.34 | -5.7% | -17.3% |
Cromwell Property Group | CMW | $0.395 | -7.1% | -28.8% |
Charter Hall Social Infrastructure Reit | CQE | $2.36 | -6.0% | -19.2% |
Corporate Travel Management | CTD | $13.26 | -1.0% | -27.7% |
Cettire | CTT | $1.240 | -47.5% | -65.0% |
Clinuvel Pharmaceuticals | CUV | $14.58 | -2.8% | -18.6% |
Calix | CXL | $1.145 | -7.7% | -74.2% |
Core Lithium | CXO | $0.093 | -11.4% | -90.4% |
Domain Australia | DHG | $2.93 | -1.7% | -19.9% |
Deterra Royalties | DRR | $4.06 | -11.4% | -11.2% |
Develop Global | DVP | $2.05 | -7.7% | -39.3% |
Dexus | DXS | $6.45 | -7.3% | -19.2% |
Fortescue | FMG | $21.86 | -10.3% | +0.5% |
GDI Property Group | GDI | $0.560 | -11.8% | -15.8% |
Growthpoint Properties Australia | GOZ | $2.17 | -10.0% | -22.2% |
Healthco Healthcare and Wellness Reit | HCW | $1.065 | -7.4% | -21.4% |
Helia Group | HLI | $3.74 | -10.7% | +15.3% |
Iluka Resources | ILU | $6.68 | -7.1% | -41.7% |
Ioneer | INR | $0.140 | -20.0% | -58.2% |
James Hardie Industries | JHX | $46.71 | +0.6% | +16.8% |
Kogan.Com | KGN | $4.15 | -5.7% | -18.9% |
Lifestyle Communities | LIC | $12.23 | -1.7% | -26.9% |
Arcadium Lithium | LTM | $4.98 | -22.6% | 0% |
Meteoric Resources | MEI | $0.130 | -29.7% | -44.7% |
Mineral Resources | MIN | $56.32 | -17.9% | -19.5% |
McMillan Shakespeare | MMS | $17.11 | -0.4% | -3.7% |
Monash IVF Group | MVF | $1.265 | -5.2% | +12.9% |
Mayne Pharma Group | MYX | $4.26 | -9.7% | -6.2% |
Nick Scali | NCK | $13.18 | -6.5% | +41.4% |
Nine Entertainment | NEC | $1.345 | -3.9% | -32.2% |
NIB | NHF | $6.88 | -9.2% | -20.6% |
Nufarm | NUF | $4.55 | -6.4% | -11.8% |
OOH!Media | OML | $1.335 | -5.0% | +5.5% |
Patriot Battery Metals | PMT | $0.500 | -34.6% | -72.0% |
Region Group | RGN | $2.13 | -3.2% | -6.2% |
Rio Tinto | RIO | $120.60 | -3.8% | +7.1% |
Reliance Worldwide Corporation | RWC | $4.40 | -10.2% | +11.4% |
Seek | SEK | $19.84 | -14.4% | -12.3% |
Smartgroup Corporation | SIQ | $8.24 | -2.6% | +8.7% |
Spark New Zealand | SPK | $3.68 | -2.6% | -21.2% |
Sayona Mining | SYA | $0.032 | -17.9% | -82.2% |
Transurban Group | TCL | $12.43 | -2.9% | -12.0% |
The Lottery Corporation | TLC | $4.88 | -5.6% | -6.0% |
Talga Group | TLG | $0.565 | -2.6% | -61.4% |
Temple & Webster Group | TPW | $8.95 | -7.8% | +54.8% |
Vulcan Steel | VSL | $6.37 | -10.4% | -24.6% |
Wildcat Resources | WC8 | $0.280 | -22.2% | +133.3% |
Worley | WOR | $14.43 | -0.4% | -9.7% |
Waypoint Reit | WPR | $2.25 | -7.0% | -12.5% |
Today's Downtrends Scan List
Interesting charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Audinate (ASX: AD8), APA (ASX: APA), Eagers Automotive (ASX: APE), Aurizon (ASX: AZJ), Corporate Travel Management (ASX: CTD), Calix (ASX: CXL), Develop Global (ASX: DVP), Healthco Healthcare and Wellness Reit (ASX: HCW), James Hardie Industries (ASX: JHX), Patriot Battery Metals (ASX: PMT), Seek (ASX: SEK), Vulcan Steel (ASX: VSL), Worley (ASX: WOR).
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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