Evening Wrap: ASX 200 snaps winning streak as markets swing risk-off in wake of Moody's US credit rating downgrade
Mon 19 May 25, 5:59pm (AEST)
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/ChartWatch ASX Scans: Arovella Therapeutics, CSL, Goodman Group, Zip Co, Champion Iron, Temple & Webster, Viva Energy
Technical Analysis
ChartWatch ASX Scans: Arovella Therapeutics, CSL, Goodman Group, Zip Co, Champion Iron, Temple & Webster, Viva Energy
Fri 19 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Arovella Therapeutics (ALA), CSL (CSL), Clarity Pharmaceuticals (CU6), EZZ Life Science (EZZ), Goodman (GMG), Integrated Research (IRI), Killi Resources (KLI), SKS Technologies (SKS), Universal Store (UNI), Zip (ZIP)
- Interesting downtrends in today's Scans: Audinate (AD8), Bannerman (BMN), Champion Iron (CIA), Corporate Travel (CTD), Calix (CXL), Deterra (DRR), IDP Education (IEL), Lynas Rare Earths (LYC), Mineral Resources (MIN), Patriot Battery Metals (PMT)
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 % |
Amaero International | 3DA | $0.430 | +13.2% | +330.0% |
Arovella Therapeutics | ALA | $0.175 | +40.0% | +250.0% |
Ansell | ANN | $26.70 | +1.7% | -3.1% |
ARB Corporation | ARB | $40.31 | +5.4% | +32.5% |
Ausgold | AUC | $0.041 | +10.8% | -6.8% |
Bell Financial Group | BFG | $1.505 | +14.9% | +40.7% |
Bisalloy Steel Group | BIS | $4.84 | +23.5% | +158.4% |
BetaShares Global Banks Hedged ETF | BNKS | $7.87 | +5.2% | +28.0% |
Catapult Group International | CAT | $2.05 | +10.8% | +115.8% |
Coles Group | COL | $17.64 | +1.6% | -2.9% |
CSL | CSL | $311.12 | +6.2% | +20.2% |
Clarity Pharmaceuticals | CU6 | $6.11 | +16.6% | +638.4% |
Dalrymple Bay Infrastructure | DBI | $3.04 | +3.4% | +13.4% |
Empire Energy Group | EEG | $0.285 | +16.3% | +96.6% |
Elders | ELD | $9.24 | +11.5% | +28.3% |
Emerald Resources | EMR | $4.04 | +15.4% | +74.1% |
EZZ Life Science | EZZ | $2.34 | +95.0% | +350.0% |
Fenix Resources | FEX | $0.400 | +25.0% | +35.6% |
Future Generation Global | FGG | $1.330 | +3.1% | +11.8% |
Future Generation Australia | FGX | $1.245 | +7.3% | +11.2% |
Frontier Energy | FHE | $0.580 | +19.6% | +50.6% |
G8 Education | GEM | $1.310 | +12.0% | +23.6% |
Goodman Group | GMG | $37.17 | +4.9% | +79.3% |
Genusplus Group | GNP | $2.16 | +18.0% | +89.5% |
Gold Road Resources | GOR | $1.830 | +12.6% | +11.6% |
Gentrack Group | GTK | $9.81 | +5.7% | +151.5% |
GWA Group | GWA | $2.59 | +15.1% | +41.9% |
Hearts and Minds Investments | HM1 | $2.64 | +1.1% | +13.8% |
Integrated Research | IRI | $0.960 | +28.0% | +113.3% |
Killi Resources | KLI | $0.135 | +237.5% | +73.8% |
Lycopodium | LYL | $13.60 | +13.3% | +37.4% |
Magellan Financial Group | MFG | $9.81 | +19.3% | +15.8% |
Newmont Corporation | NEM | $72.24 | +15.1% | 0% |
Paragon Care | PGC | $0.455 | +11.0% | +71.7% |
Pinnacle Investment Management | PNI | $16.10 | +17.9% | +63.3% |
BetaShares Gold Bullion Hedged ETF | QAU | $20.52 | +5.7% | +23.3% |
SKS Technologies Group | SKS | $1.600 | +97.5% | +503.8% |
Tuas | TUA | $4.81 | +11.1% | +149.9% |
Universal Store | UNI | $5.46 | +7.5% | +70.6% |
Veem | VEE | $1.820 | +4.9% | +355.0% |
Wesfarmers | WES | $70.86 | +4.5% | +44.2% |
XRF Scientific | XRF | $1.540 | +12.4% | +27.3% |
Zip Co. | ZIP | $1.785 | +24.4% | +310.3% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
Arovella Therapeutics (ASX: ALA), Ansell (ASX: ANN), Bell Financial Group (ASX: BFG), Bisalloy Steel Group (ASX: BIS), Catapult Group International (ASX: CAT), CSL (ASX: CSL), Clarity Pharmaceuticals (ASX: CU6), EZZ Life Science (ASX: EZZ), Goodman Group (ASX: GMG), Integrated Research (ASX: IRI), Killi Resources (ASX: KLI), Lycopodium (ASX: LYL), Magellan Financial Group (ASX: MFG), Newmont Corporation (ASX: NEM), SKS Technologies Group (ASX: SKS), Universal Store (ASX: UNI), XRF Scientific (ASX: XRF), Zip Co. (ASX: ZIP).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.800 | -7.5% | -32.2% |
Aussie Broadband | ABB | $2.95 | -19.2% | +7.7% |
Audinate Group | AD8 | $15.07 | -9.9% | +64.3% |
Adriatic Metals | ADT | $3.31 | -16.8% | -3.8% |
Bannerman Energy | BMN | $3.03 | -20.3% | +96.8% |
Champion Iron | CIA | $6.25 | -4.4% | +7.9% |
Collins Foods | CKF | $8.80 | -4.9% | -12.9% |
Corporate Travel Management | CTD | $13.19 | -1.6% | -32.0% |
Cettire | CTT | $1.405 | -36.7% | -59.4% |
Calix | CXL | $1.015 | -21.6% | -77.1% |
Core Lithium | CXO | $0.100 | +13.6% | -89.8% |
Deterra Royalties | DRR | $3.92 | -5.1% | -16.4% |
EVT | EVT | $11.10 | +0.5% | -5.1% |
Fortescue | FMG | $22.04 | +0.8% | -2.0% |
Grange Resources | GRR | $0.360 | +7.5% | -36.3% |
IDP Education | IEL | $13.73 | -11.8% | -39.5% |
Lotus Resources | LOT | $0.310 | -13.9% | +55.0% |
Lynas Rare Earths | LYC | $6.26 | +3.3% | -9.5% |
Meteoric Resources | MEI | $0.140 | -17.6% | -47.2% |
Mineral Resources | MIN | $55.84 | -7.8% | -22.8% |
Monadelphous Group | MND | $12.53 | -2.9% | -1.4% |
Megaport | MP1 | $11.59 | -4.1% | +22.8% |
Novonix | NVX | $0.665 | +2.3% | -37.0% |
Nexgen Energy | NXG | $10.05 | -5.9% | +47.1% |
Patriot Battery Metals | PMT | $0.510 | -17.7% | -71.3% |
Perenti | PRN | $0.955 | -0.5% | -17.3% |
Rio Tinto | RIO | $115.94 | -2.7% | -1.6% |
Sayona Mining | SYA | $0.033 | -2.9% | -81.1% |
Syrah Resources | SYR | $0.305 | -20.8% | -66.2% |
Terracom | TER | $0.210 | +5.0% | -51.2% |
Temple & Webster Group | TPW | $9.16 | -6.8% | +45.6% |
Viva Energy Group | VEA | $3.10 | -2.8% | +1.6% |
Weebit Nano | WBT | $2.40 | +4.3% | -60.0% |
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), Audinate Group (ASX: AD8), Bannerman Energy (ASX: BMN), Champion Iron (ASX: CIA), Collins Foods (ASX: CKF), Corporate Travel Management (ASX: CTD), Calix (ASX: CXL), Deterra Royalties (ASX: DRR), EVT (ASX: EVT), IDP Education (ASX: IEL), Lynas Rare Earths (ASX: LYC), Mineral Resources (ASX: MIN), Monadelphous Group (ASX: MND), Megaport (ASX: MP1), Nexgen Energy (ASX: NXG), Patriot Battery Metals (ASX: PMT), Perenti (ASX: PRN), Temple & Webster Group (ASX: TPW), Viva Energy Group (ASX: VEA).
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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