ChartWatch ASX Scans: ANZ, NAB and WBC are back in strong uptrends, but what about CBA?
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: African Gold (A1G), ANZ (ANZ), Airtasker (ART), Bisalloy Steel (BIS), Bravura Solutions (BVS), Chrysos (C79), Electro Optic Systems (EOS), Fortescue (FMG), Nick Scali (NCK), Resmed (RMD), Whitehaven Coal (WHC).
- Interesting downtrends in today's Scans: Australian Clinical Labs (ACL), Audinate Group (AD8), Bega Cheese (BGA), GQG Partners (GQG), Telix Pharmaceuticals (TLX).
As the title of today's edition suggests, ANZ Group (ANZ), National Australia Bank (NAB), and Westpac Banking Corp. (WBC) have each made today's Uptrends Scan List. ANZ has been in the list since we restarted on Monday last week, and it has since been joined by NAB, WBC, Bank of Queensland (BOQ) and Judo Capital (JDO) – with today marking the first time they've all made the same edition for quite some time.
The big banks were stalwarts of the Uptrends Scan List since ChartWatch ASX Scans' inception and until their collective pullback around February. Commonwealth Bank of Australia (CBA) stuck it out for a little longer, it's last Feature Uptrend was on 25 June – it had 63 of them in the prior 12-months – the record of any ASX listed stock.
So the elephant in the room, or rather not in the room yet, has to be the state of CBA's current technicals. Bull or bear... and if it's bull, how close is it to returning to the Uptrends Scan List? 🤔
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Commonwealth Bank of Australia (CBA) chart
As you can see, CBA's short term price action and candles aren't as good as the others (see ANZ's and JDO's charts below), and whilst there has been marked improvement in its short term trend over the last 2-weeks, we're still waiting for that flourish of light-green in the short term trend ribbon. But! CBA's long term uptrend remains intact, and is still a picture of strength.
With the price action rising peaks and rising troughs, and the candles generally demand-side in nature over the last couple of weeks, all we're waiting for now is one or two more candles to restart that short term uptrend and confirm a return to demand-side control. It would be great for investors, and the ASX 200, to see a "full house" of banking short-and-long term uptrends in place again.
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.
Feel free to get your favourite AI to convert the tables below into lists you can upload to your favourite trading platform like TradingView. Then you'll be able to skip from chart to chart and quickly and easily see the best uptrends and downtrends on the ASX.
Some investors prefer to buy those stocks in strong uptrends, and avoid, sell, or short sell those stocks in strong downtrends – but how you use the lists is really up to you!
Note, many stocks in both lists have appeared there many times before. As long as they keep meeting my criteria – they'll keep appearing. But note, there won't be any notifications when they don't – so you'll have to do your own research on when a particular trend changes!
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
African Gold | A1G | $0.255 | +8.5% | +920.0% |
BetaShares Australia 200 ETF | A200 | $147.99 | +3.6% | +15.7% |
Australian Finance | AFG | $2.29 | +8.5% | +44.5% |
Ainsworth Game Technology | AGI | $1.040 | +7.8% | +13.0% |
ANZ Group | ANZ | $31.93 | +6.2% | +15.5% |
Amotiv | AOV | $9.18 | +7.2% | -6.7% |
APA Group | APA | $8.63 | +3.9% | +10.2% |
Eagers Automotive | APE | $20.71 | +7.0% | +110.9% |
BHP Group | BHP | $41.26 | +3.9% | +2.6% |
Bisalloy Steel Group | BIS | $4.46 | +13.5% | +12.0% |
Bank of Queensland | BOQ | $7.85 | -0.1% | +29.3% |
Beetaloo Energy Australia | BTL | $0.275 | +34.1% | +7.8% |
Bravura Solutions | BVS | $2.42 | +10.0% | +149.8% |
Chrysos Corporation | C79 | $6.16 | +23.2% | +28.1% |
Car Group | CAR | $39.07 | +4.2% | +19.6% |
Cash Converters | CCV | $0.350 | +11.1% | +66.7% |
Codan | CDA | $23.81 | +26.5% | +103.7% |
Challenger | CGF | $8.33 | +3.7% | +25.6% |
Charter Hall Group | CHC | $21.88 | +14.2% | +83.9% |
Charter Hall Long Wale Reit | CLW | $4.44 | +9.1% | +27.2% |
Vaneck China New Economy ETF | CNEW | $7.83 | +9.7% | +39.6% |
Corporate Travel | CTD | $16.10 | +4.3% | +24.5% |
Dateline Resources | DTR | $0.155 | +56.6% | +1092.3% |
Diversified United | DUI | $5.59 | +4.1% | +8.8% |
DY6 Metals | DY6 | $0.330 | -7.0% | +230.0% |
Ishares Emerging Markets ETF | EMXC | $29.60 | +2.6% | +12.1% |
Electro Optic Systems | EOS | $5.66 | +69.0% | +251.6% |
Fortescue | FMG | $19.66 | +16.3% | +8.6% |
Green Critical Minerals | GCM | $0.035 | +25.0% | +775.0% |
Genusplus Group | GNP | $4.85 | +11.2% | +122.5% |
iShares MSCI Emerging Markets ETF | IEM | $76.68 | +3.6% | +21.9% |
IVE Group | IGL | $2.99 | +0.3% | +40.4% |
iShares MSCI Japan ETF | IJP | $120.16 | +9.2% | +21.5% |
Judo Capital | JDO | $1.690 | +8.0% | +27.1% |
Korvest | KOV | $14.15 | +26.0% | +37.4% |
Kinatico | KYP | $0.290 | +28.9% | +202.1% |
Lindian Resources | LIN | $0.185 | +98.9% | +68.2% |
Monadelphous Group | MND | $19.85 | +11.1% | +72.2% |
Many Peaks Minerals | MPK | $0.910 | +18.2% | +378.9% |
Vaneck Australian Resources ETF | MVR | $36.55 | +8.3% | +15.0% |
National Australia Bank | NAB | $39.19 | -1.2% | +11.0% |
Nick Scali | NCK | $21.20 | +15.7% | +43.1% |
Newmont Corporation | NEM | $106.25 | +15.5% | +49.2% |
Neuren Pharmaceuticals | NEU | $17.88 | +24.5% | +4.6% |
NIB | NHF | $7.62 | +5.7% | +7.8% |
NRW | NWH | $3.43 | +12.1% | +2.1% |
Predictive Discovery | PDI | $0.460 | +8.2% | +155.6% |
Patriot Battery Metals | PMT | $0.500 | +44.9% | +13.6% |
Pantoro | PNR | $4.25 | +43.6% | +194.1% |
Betashares Ethereum ETF | QETH | $46.08 | +43.4% | 0% |
Qoria | QOR | $0.660 | +57.1% | +103.1% |
BetaShares Aus Resources ETF | QRE | $7.37 | +6.0% | +10.3% |
Resmed Inc | RMD | $43.98 | +14.3% | +35.2% |
Smartgroup Corporation | SIQ | $8.21 | +5.0% | +0.1% |
SKS Technologies | SKS | $2.64 | +30.7% | +66.6% |
Stanmore Resources | SMR | $2.47 | +14.9% | -25.8% |
Sunrise Energy Metals | SRL | $1.320 | -14.8% | +222.0% |
Service Stream | SSM | $2.07 | +5.6% | +62.4% |
Super Retail | SUL | $15.85 | +3.5% | +7.7% |
Southern Cross Electrical | SXE | $1.995 | +15.3% | +23.9% |
Tyro Payments | TYR | $1.072 | +16.6% | +21.2% |
Unibail-Westfield | URW | $7.94 | +13.1% | +44.9% |
Vanguard Aus Property ETF | VAP | $103.44 | +5.4% | +13.5% |
WA1 Resources | WA1 | $19.43 | +14.4% | +44.6% |
Warriedar Resources | WA8 | $0.155 | +40.9% | +127.9% |
Westpac Banking Corp | WBC | $34.63 | +3.2% | +24.3% |
Woodside Energy | WDS | $27.02 | +12.3% | +8.4% |
Whitehaven Coal | WHC | $7.24 | +18.3% | -3.3% |
Wrkr | WRK | $0.115 | +23.7% | +283.3% |
Yancoal Australia | YAL | $6.70 | +7.9% | -1.9% |
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: African Gold (ASX: A1G), BetaShares Australia 200 ETF (ASX: A200), Ainsworth Game Technology (ASX: AGI), ANZ Group (ASX: ANZ), Airtasker (ASX: ART), Bisalloy Steel Group (ASX: BIS), Bravura Solutions (ASX: BVS), Chrysos Corporation (ASX: C79), Vaneck China New Economy ETF (ASX: CNEW), Dateline Resources (ASX: DTR), Electro Optic Systems (ASX: EOS), Fortescue (ASX: FMG), Genusplus Group (ASX: GNP), Judo Capital (ASX: JDO), Korvest (ASX: KOV), Kinatico (ASX: KYP), Lindian Resources (ASX: LIN), Nick Scali (ASX: NCK), Newmont Corporation (ASX: NEM), Patriot Battery Metals (ASX: PMT), Pantoro (ASX: PNR), Resmed Inc (ASX: RMD), SKS Technologies Group (ASX: SKS), Tyro Payments (ASX: TYR), Unibail-Rodamco-Westfield (ASX: URW), Whitehaven Coal (ASX: WHC).
10 Randomly chosen Feature Uptrend Charts:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Clinical Labs | ACL | $2.73 | -2.2% | +12.3% |
Audinate Group | AD8 | $5.82 | -11.0% | -33.5% |
Aurelia Metals | AMI | $0.185 | -5.1% | +12.1% |
Bega Cheese | BGA | $5.18 | +1.6% | +22.7% |
Bannerman Energy | BMN | $2.52 | -9.4% | +1.6% |
Boss Energy | BOE | $1.770 | -50.3% | -38.3% |
Coast Entertainment | CEH | $0.355 | -14.5% | -23.7% |
Carnarvon Energy | CVN | $0.105 | -4.5% | -32.3% |
G8 Education | GEM | $0.930 | +3.3% | -30.6% |
GQG Partners | GQG | $1.760 | -18.9% | -31.8% |
Gentrack Group | GTK | $8.74 | -20.3% | -4.2% |
Lotus Resources | LOT | $0.155 | -11.4% | -29.5% |
Ora Banda Mining | OBM | $0.675 | -4.3% | +73.1% |
Polynovo | PNV | $1.160 | +0.9% | -50.0% |
Select Harvests | SHV | $3.66 | -6.6% | -8.7% |
Telix Pharmaceuticals | TLX | $16.68 | -28.9% | -4.6% |
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: Australian Clinical Labs (ASX: ACL), Audinate Group (ASX: AD8), Bega Cheese (ASX: BGA), GQG Partners (ASX: GQG), Telix Pharmaceuticals (ASX: TLX).
Feature Downtrend charts:
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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's 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 – so always do your own research!!!
