Technical Analysis

ChartWatch ASX Scans: Aristocrat Leisure, Ansell, ANZ, CSL, Iluka Resources, Karoon Energy, Lendlease

Wed 19 Jun 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Aristocrat (ALL), Ansell (ANN), ANZ (ANZ), Commonwealth Bank (CBA), Coles (COL), CSL (CSL), National Australia Bank (NAB), OFX (OFX), Origin (ORG), Polynovo (PNV), and Summit Minerals (SUM)
  • Interesting downtrends in today's Scan Lists: GPT Group (GPT), Hansen Technologies (HSN), Iluka (ILU), Karoon (KAR), Lendlease (LLC), Mirvac (MGR), Nine (NEC), Regis Resources (RRL), Sims (SGM), Weebit Nano (WBT), Woodside Energy (WDS), 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 %

AGL Energy

AGL

$10.42

+1.2%

+7.9%

Argenica Therapeutics

AGN

$0.810

+20.9%

+102.5%

Aristocrat Leisure

ALL

$48.47

+4.7%

+27.1%

ALS

ALQ

$14.55

+4.5%

+25.4%

Austin Engineering

ANG

$0.580

+13.7%

+123.1%

Ansell

ANN

$26.36

+1.4%

+0.3%

ANZ Group

ANZ

$29.24

+3.9%

+26.4%

Australian Unity Office

AOF

$1.400

+5.3%

+17.2%

AUB Group

AUB

$31.18

+1.8%

+16.7%

Bisalloy Steel

BIS

$4.00

+10.5%

+130.7%

Commonwealth Bank

CBA

$127.98

+5.7%

+30.6%

Codan

CDA

$11.31

+4.3%

+46.3%

Cochlear

COH

$332.16

+0.5%

+40.2%

Coles Group

COL

$17.25

+5.8%

-4.1%

Computershare

CPU

$27.14

+1.9%

+19.2%

CSL

CSL

$293.87

+5.0%

+5.1%

Clarity Pharmaceuticals

CU6

$5.24

+26.6%

+582.6%

Droneshield

DRO

$1.540

+71.1%

+555.3%

Diversified United Investment

DUI

$5.19

+4.4%

+6.1%

Vaneck MSCI Multifactor EM Markets ETF

EMKT

$25.31

+2.7%

+18.7%

Fisher & Paykel Healthcare

FPH

$28.91

+9.6%

+34.1%

Global Data Centre Group

GDC

$3.24

+39.1%

+92.9%

Generation Development Group

GDG

$2.33

+6.9%

+91.5%

BetaShares Global Sustainability ETF

HETH

$14.60

+1.8%

+19.7%

Helia Group

HLI

$4.22

+3.7%

+38.0%

Insurance Australia Group

IAG

$6.70

+5.5%

+22.5%

Infratil

IFT

$10.55

+7.2%

+18.5%

Imdex

IMD

$2.34

+8.3%

+27.2%

JB HI-FI

JBH

$64.51

+12.9%

+51.5%

Loftus Peak Global Disruption ETF

LPGD

$4.72

+6.3%

+43.0%

Munro Global Growth Fund ETF

MAET

$6.50

+6.9%

+38.9%

Macmahon

MAH

$0.295

+18.0%

+118.5%

Macquarie Technology Group

MAQ

$90.08

-0.3%

+40.8%

Medadvisor

MDR

$0.445

+32.8%

+89.4%

Macquarie Group

MQG

$195.66

+2.5%

+7.4%

Vaneck Australian Banks ETF

MVB

$35.14

+3.6%

+23.9%

Mystate

MYS

$3.81

+6.7%

+21.3%

National Australia Bank

NAB

$36.00

+4.3%

+40.4%

Navigator Global Investments

NGI

$2.05

+10.5%

+68.1%

NRW

NWH

$3.03

+13.9%

+31.7%

Ora Banda Mining

OBM

$0.380

+18.8%

+192.3%

OFX Group

OFX

$2.20

+37.1%

+12.2%

Origin Energy

ORG

$10.41

+4.9%

+22.8%

Paragon Care

PGC

$0.410

+13.9%

+67.3%

Pinnacle Investment Management

PNI

$13.40

+3.2%

+40.8%

Polynovo

PNV

$2.43

+16.8%

+59.9%

Race Oncology

RAC

$2.01

+29.7%

+31.8%

Regis Healthcare

REG

$4.30

+5.4%

+95.5%

Retail Food Group

RFG

$0.079

+11.3%

+51.9%

Superloop

SLC

$1.510

+12.3%

+130.5%

Summit Minerals

SUM

$0.490

+276.9%

+276.9%

Telix Pharmaceuticals

TLX

$17.20

+11.3%

+56.4%

Tuas

TUA

$4.43

+13.3%

+148.2%

Westpac Banking Corp

WBC

$27.22

+1.7%

+32.9%

Today's Uptrends Scan List

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

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Aristocrat Leisure (ASX: ALL), ALS (ASX: ALQ), Ansell (ASX: ANN), ANZ Group (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), Coles Group (ASX: COL), CSL (ASX: CSL), Insurance Australia Group (ASX: IAG), National Australia Bank (ASX: NAB), OFX Group (ASX: OFX), Origin Energy (ASX: ORG), Polynovo (ASX: PNV), Summit Minerals (ASX: SUM).

Charts of each below:

ALS (ASX-ALQ) chart 18 June 2024Ansell (ASX-ANN) chart 18 June 2024ANZ Group (ASX-ANZ) chart 18 June 2024Aristocrat Leisure (ASX-ALL) chart 18 June 2024Commonwealth Bank of Australia (ASX-CBA) chart 18 June 2024Coles Group (ASX-COL) chart 18 June 2024CSL (ASX-CSL) chart 18 June 2024Insurance Australia Group (ASX-IAG) chart 18 June 2024National Australia Bank (ASX-NAB) chart 18 June 2024OFX Group (ASX-OFX) chart 18 June 2024Origin Energy (ASX-ORG) chart 18 June 2024Polynovo (ASX-PNV) chart 18 June 2024Summit Minerals (ASX-SUM) chart 18 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Centuria Industrial Reit

CIP

$3.12

-3.7%

+1.3%

Charter Hall Long Wale Reit

CLW

$3.46

-2.8%

-14.8%

Centuria Office Reit

COF

$1.180

-4.1%

-15.4%

Corporate Travel

CTD

$13.31

-9.8%

-32.8%

Cettire

CTT

$2.25

-16.7%

+17.8%

Domain Australia

DHG

$2.89

+2.1%

-15.5%

Domino's Pizza

DMP

$36.91

-1.1%

-13.4%

Dexus

DXS

$6.45

-8.8%

-18.8%

EVT

EVT

$11.09

-5.1%

-8.3%

Fletcher Building

FBU

$2.71

+0.7%

-41.1%

Fortescue

FMG

$21.79

-19.1%

-3.1%

GPT Group

GPT

$3.98

-7.9%

-2.9%

Healthco Healthcare & Wellness Reit

HCW

$1.135

-2.6%

-17.2%

Hansen Technologies

HSN

$4.06

-10.2%

-18.6%

Iluka Resources

ILU

$6.37

-19.4%

-46.2%

Imugene

IMU

$0.056

-22.2%

-46.7%

Karoon Energy

KAR

$1.645

-10.4%

-16.1%

Lendlease Group

LLC

$5.40

-11.6%

-24.8%

Liontown Resources

LTR

$1.020

-31.8%

-62.8%

Lynas Rare Earths

LYC

$6.04

-13.3%

-15.9%

MA Financial Group

MAF

$4.28

-7.0%

-16.1%

Meteoric Resources

MEI

$0.170

-8.1%

-20.9%

Mirvac Group

MGR

$1.865

-10.3%

-15.6%

Nine Entertainment

NEC

$1.375

-12.1%

-29.5%

Nufarm

NUF

$4.70

-6.4%

-6.4%

Orora

ORA

$1.955

-9.5%

-36.2%

Patriot Battery Metals

PMT

$0.655

-18.1%

-62.0%

Perpetual

PPT

$21.30

-4.1%

-15.9%

Renascor Resources

RNU

$0.085

-29.2%

-52.8%

Regis Resources

RRL

$1.720

-15.3%

-12.0%

Seek

SEK

$22.92

+0.7%

+6.3%

Sims

SGM

$10.48

-3.9%

-31.1%

Sayona Mining

SYA

$0.035

-34.0%

-80.0%

Terracom

TER

$0.205

-12.8%

-53.4%

Talga Group

TLG

$0.565

-28.9%

-58.0%

Vicinity Centres

VCX

$1.855

-4.1%

0%

Vulcan Steel

VSL

$6.81

+0.1%

-11.1%

Weebit Nano

WBT

$2.24

0%

-64.9%

Woodside Energy

WDS

$26.94

-2.1%

-21.8%

Worley

WOR

$13.97

-5.5%

-14.2%

Waypoint Reit

WPR

$2.31

-5.3%

-14.4%

Today's Downtrends Scan List

Interesting 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: Fletcher Building (ASX: FBU), GPT Group (ASX: GPT), Hansen Technologies (ASX: HSN), Iluka Resources (ASX: ILU), Karoon Energy (ASX: KAR), Lendlease Group (ASX: LLC), Mirvac Group (ASX: MGR), Nine Entertainment Co. (ASX: NEC), Orora (ASX: ORA), Regis Resources (ASX: RRL), Sims (ASX: SGM), Weebit Nano (ASX: WBT), Woodside Energy Group (ASX: WDS), Worley (ASX: WOR).

Charts of each below:

Fletcher Building (ASX-FBU) chart 18 June 2024GPT Group (ASX-GPT) chart 18 June 2024Hansen Technologies (ASX-HSN) chart 18 June 2024Iluka Resources (ASX-ILU) chart 18 June 2024Karoon Energy (ASX-KAR) chart 18 June 2024Lendlease Group (ASX-LLC) chart 18 June 2024Mirvac Group (ASX-MGR) chart 18 June 2024Nine Entertainment Co. (ASX-NEC) chart 18 June 2024Orora (ASX-ORA) chart 18 June 2024Regis Resources (ASX-RRL) chart 18 June 2024Sims (ASX-SGM) chart 18 June 2024Weebit Nano (ASX-WBT) chart 18 June 2024Woodside Energy Group (ASX-WDS) chart 18 June 2024Worley (ASX-WOR) chart 18 June 2024

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.

 

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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