Evening Wrap: ASX 200 edges higher as financials, property and tech stocks lead, worrying China market move drags down commodities
Mon 16 Sep 24, 5:46pm (AEST)
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/ChartWatch ASX Scans: Aristocrat Leisure, Droneshield, Flight Centre, Paragon Care, Alpha HPA, EVT, Lifestyle Communities
Technical Analysis
ChartWatch ASX Scans: Aristocrat Leisure, Droneshield, Flight Centre, Paragon Care, Alpha HPA, EVT, Lifestyle Communities
Tue 16 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Aristocrat Leisure (ALL), Austin Engineering (ANG), Bell Financial (BFG), Botanix (BOT), Droneshield (DRO), EZZ Life Science (EZZ), Flight Centre (FLT), Genesis Minerals (GMD), Paragon Care (PGC), and Xero (XRO)
- Interesting downtrends in today's Scans: Alpha HPA (A4N), EVT (EVT), IDP Education (IEL), Lifestyle Communities (LIC), Liontown Resources (LTR), MA Financial Group (MAF), Monadelphous (MND), NIB (NHF), Ramsay Health Care (RHC), and Wildcat Resources (WC8)
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 % |
|---|---|---|---|---|
Life360 | 360 | $16.98 | +12.7% | +134.2% |
Aurora Labs | A3D | $0.110 | +31.0% | +323.1% |
Actinogen Medical | ACW | $0.077 | +140.6% | +98.2% |
Aristocrat Leisure | ALL | $53.66 | +15.0% | +43.4% |
Austin Engineering | ANG | $0.635 | +11.4% | +139.6% |
ANZ Group | ANZ | $29.83 | +3.8% | +24.2% |
Austal | ASB | $2.57 | +8.0% | -3.0% |
BetaShares Australian Technology ETF | ATEC | $24.60 | +2.2% | +31.1% |
Bendigo and Adelaide Bank | BEN | $11.83 | +5.2% | +34.7% |
Bell Financial Group | BFG | $1.465 | +11.0% | +46.5% |
Botanix Pharmaceuticals | BOT | $0.380 | +33.3% | +181.5% |
Catapult Group International | CAT | $1.970 | +7.7% | +126.4% |
Cochlear | COH | $335.70 | +3.8% | +50.4% |
BetaShares Crypto Innovators ETF | CRYP | $5.57 | +2.6% | +45.1% |
Clarity Pharmaceuticals | CU6 | $6.11 | +17.1% | +763.2% |
Droneshield | DRO | $2.60 | +78.7% | +919.6% |
Elders | ELD | $8.97 | +12.1% | +28.7% |
EZZ Life Science | EZZ | $2.28 | +93.2% | +326.2% |
Firefly Metals | FFM | $0.820 | +21.5% | +102.5% |
Flight Centre Travel Group | FLT | $22.56 | +15.3% | +16.6% |
Findi | FND | $4.80 | +27.0% | +978.7% |
Global Data Centre Group | GDC | $3.20 | +6.0% | +93.4% |
Genesis Minerals | GMD | $2.12 | +22.9% | +76.7% |
Goodman Group | GMG | $35.70 | -0.2% | +80.6% |
Genusplus Group | GNP | $2.17 | +16.0% | +97.3% |
GQG Partners | GQG | $2.92 | +5.8% | +91.5% |
BetaShares Global Cybersecurity ETF | HACK | $11.67 | +2.2% | +25.6% |
HMC Capital | HMC | $7.48 | +1.2% | +56.5% |
Infini Resources | I88 | $0.920 | +411.1% | 0% |
Ingenia Communities Group | INA | $5.13 | +5.3% | +36.4% |
NRW | NWH | $3.17 | +8.2% | +27.8% |
Ora Banda Mining | OBM | $0.430 | +13.2% | +244.0% |
Paragon Care | PGC | $0.465 | +12.0% | +82.4% |
Premier Investments | PMV | $31.10 | +6.3% | +54.3% |
Pinnacle Investment Management | PNI | $15.56 | +16.5% | +69.3% |
Perseus Mining | PRU | $2.73 | +17.2% | +63.5% |
Race Oncology | RAC | $1.940 | +8.4% | +49.2% |
REA Group | REA | $204.33 | +6.4% | +40.9% |
Red Hill Minerals | RHI | $5.74 | +4.5% | +57.3% |
Sandfire Resources | SFR | $9.21 | +8.2% | +54.3% |
SKS Technologies Group | SKS | $1.565 | +110.1% | +513.7% |
Spartan Resources | SPR | $1.095 | +31.9% | +548.3% |
Step One Clothing | STP | $1.470 | +6.1% | +314.1% |
Tasmea | TEA | $1.640 | +9.3% | 0% |
Vanguard Australian Property Index ETF | VAP | $95.25 | +2.2% | +25.4% |
Westgold Resources | WGX | $2.67 | +15.6% | +62.8% |
XRF Scientific | XRF | $1.465 | +9.3% | +30.2% |
Xero | XRO | $142.49 | +8.8% | +20.1% |
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: Aristocrat Leisure (ASX: ALL), Austin Engineering (ASX: ANG), Bell Financial Group (ASX: BFG), Botanix Pharmaceuticals (ASX: BOT), Droneshield (ASX: DRO), EZZ Life Science (ASX: EZZ), Flight Centre Travel Group (ASX: FLT), Genesis Minerals (ASX: GMD), Paragon Care (ASX: PGC), Xero (ASX: XRO).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.800 | -7.0% | -32.8% |
Brainchip | BRN | $0.195 | -7.1% | -42.6% |
Credit Corp Group | CCP | $14.36 | +1.5% | -28.1% |
Chalice Mining | CHN | $1.280 | -4.5% | -78.3% |
Calix | CXL | $1.090 | +1.4% | -74.5% |
Deterra Royalties | DRR | $4.05 | -2.4% | -11.2% |
Develop Global | DVP | $2.10 | +2.4% | -37.3% |
EVT | EVT | $11.20 | +0.9% | -3.3% |
IDP Education | IEL | $14.12 | -8.4% | -35.1% |
Lifestyle Communities | LIC | $10.30 | -14.8% | -35.3% |
Liontown Resources | LTR | $0.970 | -6.7% | -64.7% |
Lynas Rare Earths | LYC | $6.35 | +3.3% | -9.8% |
MA Financial Group | MAF | $4.31 | -2.0% | -15.8% |
McMillan Shakespeare | MMS | $16.86 | -1.7% | -4.2% |
Monadelphous Group | MND | $12.75 | -2.4% | +5.5% |
NIB | NHF | $6.99 | -4.6% | -17.1% |
Novonix | NVX | $0.685 | +7.9% | -26.3% |
Omni Bridgeway | OBL | $0.920 | -6.1% | -65.3% |
Pilbara Minerals | PLS | $3.02 | -6.8% | -38.6% |
Ramsay Health Care | RHC | $47.07 | -2.5% | -15.6% |
Ridley Corporation | RIC | $2.05 | +1.0% | 0% |
Rio Tinto | RIO | $119.84 | -0.3% | +5.4% |
Skycity Entertainment | SKC | $1.355 | +0.7% | -36.4% |
Syrah Resources | SYR | $0.320 | -16.9% | -64.0% |
Talga Group | TLG | $0.545 | -6.8% | -62.5% |
Vulcan Steel | VSL | $6.33 | -10.7% | -26.5% |
Wildcat Resources | WC8 | $0.270 | -16.9% | +68.8% |
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: Alpha HPA (ASX: A4N), EVT (ASX: EVT), IDP Education (ASX: IEL), Lifestyle Communities (ASX: LIC), Liontown Resources (ASX: LTR), MA Financial Group (ASX: MAF), McMillan Shakespeare (ASX: MMS), Monadelphous Group (ASX: MND), NIB (ASX: NHF), Ramsay Health Care (ASX: RHC), Wildcat Resources (ASX: WC8).
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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