Evening Wrap: ASX 200 slides on broad-based falls, finishes at week's low as Santa rally fades
Fri 06 Dec 24, 5:45pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Arovella Therapeutics, ANZ Group, Seven Group, REA, Zip Co, IDP Education, Paladin Energy, Viva Energy
Technical Analysis
ChartWatch ASX Scans: Arovella Therapeutics, ANZ Group, Seven Group, REA, Zip Co, IDP Education, Paladin Energy, Viva Energy
Wed 13 Nov 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Arovella Therapeutics (ALA), ANZ (ANZ), Appen (APX), Australian Technology ETF (ATEC), Car (CAR), Findi (FND), Hansen Tech. (HSN), JB HI-FI (JBH), Redox (RDX), REA (REA), Seven (SVW), Technology One (TNE), Zip (ZIP).
- Interesting downtrends in today's Scans: Endeavour Group (EDV), IDP Education (IEL), Metcash (MTS), OFX Group (OFX), Paladin Energy (PDN), Patriot Battery Metals (PMT), Viva Energy Group (VEA).
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 % |
Adairs | ADH | $2.65 | +31.8% | +82.8% |
Arovella Therapeutics | ALA | $0.205 | +10.8% | +125.3% |
ANZ Group | ANZ | $32.57 | +5.5% | +26.2% |
Appen | APX | $2.87 | +23.2% | +199.1% |
BetaShares S&P/ASX Australian Technology ETF | ATEC | $29.32 | +6.1% | +54.3% |
Accent Group | AX1 | $2.45 | +2.5% | +22.8% |
Car Group | CAR | $40.53 | +9.4% | +38.0% |
Vaneck China New Economy ETF | CNEW | $7.01 | +9.9% | +2.9% |
BetaShares Crypto Innovators ETF | CRYP | $8.22 | +59.6% | +169.5% |
BetaShares Global Sustainability Leaders ETF | ETHI | $15.81 | +4.3% | +26.9% |
Findi | FND | $7.23 | +42.3% | +932.9% |
Hansen Technologies | HSN | $5.45 | +7.1% | +5.0% |
Insurance Australia Group | IAG | $7.85 | +4.0% | +35.3% |
iShares S&P MID-Cap ETF | IJH | $50.74 | +8.5% | +33.9% |
iShares S&P Small-Cap ETF | IJR | $192.99 | +11.3% | +34.6% |
JB HI-FI | JBH | $87.65 | +8.8% | +90.8% |
Munro Climate Change Leaders Fund ETF | MCCL | $17.34 | +6.3% | +85.7% |
News Corporation | NWS | $49.07 | +19.5% | +41.5% |
Objective Corporation | OCL | $17.44 | +11.2% | +60.0% |
Ovanti | OVT | $0.041 | +1266.7% | -31.7% |
Qoria | QOR | $0.465 | +8.1% | +126.8% |
Redox | RDX | $3.90 | +13.0% | +65.3% |
REA Group | REA | $242.16 | +10.6% | +51.7% |
Ridley Corporation | RIC | $2.72 | +6.7% | +23.6% |
Shaver Shop Group | SSG | $1.360 | +9.2% | +35.3% |
Seven Group | SVW | $45.21 | +4.9% | +56.0% |
Global X Morningstar Global Technology ETF | TECH | $109.11 | +7.0% | +21.6% |
Technology One | TNE | $26.69 | +8.8% | +71.4% |
Xero | XRO | $161.14 | +7.8% | +60.4% |
Zip Co. | ZIP | $3.50 | +22.0% | +786.1% |
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: Arovella Therapeutics (ASX: ALA), ANZ Group (ASX: ANZ), Appen (ASX: APX), BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC), Car Group (ASX: CAR), BetaShares Global Sustainability Leaders ETF (ASX: ETHI), Findi (ASX: FND), Hansen Technologies (ASX: HSN), iShares S&P Small-Cap ETF (ASX: IJR), JB HI-FI (ASX: JBH), Redox (ASX: RDX), REA Group (ASX: REA), Seven Group (ASX: SVW), Global X Morningstar Global Technology ETF (ASX: TECH), Technology One (ASX: TNE), Zip Co. (ASX: ZIP).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
APA Group | APA | $6.65 | -12.8% | -20.4% |
Aurizon | AZJ | $3.38 | -3.7% | -5.3% |
BHP Group | BHP | $40.90 | -6.6% | -9.0% |
Boss Energy | BOE | $2.98 | -13.1% | -31.0% |
Endeavour Group | EDV | $4.34 | -11.4% | -11.1% |
IDP Education | IEL | $13.78 | -6.8% | -42.0% |
Iluka Resources | ILU | $5.40 | -17.2% | -25.2% |
IPH | IPH | $5.30 | -5.2% | -24.5% |
Metcash | MTS | $3.04 | -13.9% | -18.3% |
OFX Group | OFX | $1.240 | -45.1% | -20.5% |
Paladin Energy | PDN | $6.88 | -41.8% | -27.6% |
Patriot Battery Metals | PMT | $0.340 | -22.7% | -71.1% |
Santos | STO | $6.73 | -6.3% | -7.8% |
Viva Energy Group | VEA | $2.54 | -13.9% | -14.2% |
Woodside Energy Group | WDS | $23.85 | -5.9% | -27.2% |
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: Endeavour Group (ASX: EDV), IDP Education (ASX: IEL), Metcash (ASX: MTS), OFX Group (ASX: OFX), Paladin Energy (ASX: PDN), Patriot Battery Metals (ASX: PMT), Viva Energy Group (ASX: VEA).
Charts of each below:
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.
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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