Evening Wrap: ASX 200 higher, Wesfarmers soars on Goldman Sachs upgrade, Energy stocks slump
Fri 24 Jan 25, 4:57pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Astral Resources, CommBank, Noviqtech, Wesfarmers. Chalice Mining, Lifestyle Communities, Paladin, Pilbara Minerals
Technical Analysis
ChartWatch ASX Scans: Astral Resources, CommBank, Noviqtech, Wesfarmers. Chalice Mining, Lifestyle Communities, Paladin, Pilbara Minerals
Tue 10 Dec 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Astral Resources (AAR), Breville Group (BRG), Commonwealth Bank of Australia (CBA), Codan (CDA), Capricorn Metals (CMM), Genesis Minerals (GMD), Noviqtech (NVQ), Superloop (SLC), Solvar (SVR), Wesfarmers (WES).
- Interesting downtrends in today's Scans: Chalice Mining (CHN), Clinuvel Pharma (CUV), Elders (ELD), Iluka (ILU), Lifestyle Communities (LIC), Liontown (LTR), Novonix (NVX), Paladin (PDN), Pilbara Minerals (PLS), Rural Funds (RFF), Whitehaven Coal (WHC).
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 % |
Astral Resources | AAR | $0.150 | +7.1% | +97.4% |
ASX | ASX | $69.58 | +6.1% | +18.1% |
Avita Medical | AVH | $4.13 | +18.0% | +11.0% |
BetaShares Global Shares ETF | BGBL | $73.58 | +6.1% | +31.3% |
Breville Group | BRG | $37.11 | +19.1% | +53.3% |
Commonwealth Bank of Australia | CBA | $159.38 | +6.7% | +49.9% |
Codan | CDA | $16.58 | +4.0% | +97.9% |
Capricorn Metals | CMM | $7.02 | +12.7% | +44.4% |
Vaneck Emerging Opportunities ETF | EBND | $10.42 | +0.2% | +4.6% |
Genesis Minerals | GMD | $2.67 | +19.2% | +41.3% |
Global X Artificial Intelligence ETF | GXAI | $12.34 | +8.0% | 0% |
Hyperion Global Growth ETF | HYGG | $6.92 | +17.1% | +55.9% |
Insurance Australia Group | IAG | $8.65 | +11.2% | +43.9% |
iShares S&P MID-Cap ETF | IJH | $52.24 | +5.7% | +31.1% |
Kogan.Com | KGN | $5.68 | +16.6% | +6.4% |
Kelly Partners Group | KPG | $9.85 | +18.1% | +105.2% |
L1 Capital International ETF | L1IF | $6.58 | +4.3% | +33.2% |
Munro Climate Change Leaders ETF | MCCL | $17.92 | +5.9% | +82.1% |
MFF Capital Investments | MFF | $4.44 | +6.2% | +47.0% |
Metro Mining | MMI | $0.063 | +23.5% | +231.6% |
Vaneck Morningstar Wide Moat ETF | MOAT | $134.67 | +5.8% | +17.2% |
Macquarie Global Equity ETF | MQEG | $11.77 | +6.2% | 0% |
Noviqtech | NVQ | $0.150 | +614.3% | +275.0% |
News Corporation | NWS | $50.58 | +4.9% | +46.4% |
Pointsbet | PBH | $1.020 | +15.3% | +156.5% |
Vaneck MSCI International Quality ETF | QUAL | $59.08 | +4.6% | +26.9% |
Ramelius Resources | RMS | $2.31 | +6.9% | +42.6% |
Global X Robotics & Automation ETF | ROBO | $79.69 | +4.2% | +14.7% |
Superloop | SLC | $2.30 | +17.3% | +235.8% |
Washington H Soul Pattinson | SOL | $35.61 | +6.2% | +5.0% |
Solvar | SVR | $1.580 | +25.4% | +46.3% |
Telstra Group | TLS | $4.01 | +3.4% | +4.2% |
Trigg Minerals | TMG | $0.047 | 0% | +176.5% |
BetaShares S&P 500 Yield Maximiser ETF | UMAX | $27.16 | +5.7% | +26.2% |
Unibail-Rodamco-Westfield | URW | $6.40 | +9.4% | +24.3% |
Wesfarmers | WES | $74.59 | +9.0% | +39.9% |
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: Astral Resources (ASX: AAR), Breville Group (ASX: BRG), Commonwealth Bank of Australia (ASX: CBA), Codan (ASX: CDA), Capricorn Metals (ASX: CMM), Genesis Minerals (ASX: GMD), Noviqtech (ASX: NVQ), Superloop (ASX: SLC), Solvar (ASX: SVR), Wesfarmers (ASX: WES).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Ampol | ALD | $28.03 | -1.0% | -17.7% |
Eagers Automotive | APE | $11.25 | -3.2% | -15.0% |
Boss Energy | BOE | $2.55 | -20.6% | -38.6% |
BWP Trust | BWP | $3.31 | -2.6% | -7.0% |
Challenger | CGF | $5.98 | -4.0% | -2.4% |
Chalice Mining | CHN | $1.250 | -20.4% | -19.6% |
Centuria Industrial Reit | CIP | $2.87 | -5.0% | -7.7% |
Cromwell Property Group | CMW | $0.370 | -6.3% | -15.9% |
Centuria Office Reit | COF | $1.120 | -5.5% | -13.8% |
Charter Hall Infrastructure Reit | CQE | $2.56 | -1.9% | -6.9% |
Charter Hall Retail Reit | CQR | $3.23 | -3.9% | -5.0% |
Cettire | CTT | $1.250 | -12.9% | -60.2% |
Clarity Pharmaceuticals | CU6 | $5.64 | -21.7% | +316.0% |
Clinuvel Pharmaceuticals | CUV | $12.41 | -9.4% | -29.1% |
Domain Australia | DHG | $2.72 | +1.5% | -19.0% |
Domino's Pizza Enterprises | DMP | $31.68 | +3.9% | -41.3% |
Dexus Industria Reit. | DXI | $2.60 | -1.1% | -5.8% |
Dexus | DXS | $6.86 | -3.4% | -5.1% |
Endeavour Group | EDV | $4.29 | -9.3% | -17.5% |
Elders | ELD | $7.46 | -14.8% | +4.6% |
Fletcher Building | FBU | $2.56 | -10.2% | -39.9% |
Healthco Health & Wellness Reit | HCW | $1.050 | -5.8% | -25.3% |
Homeco Daily Needs Reit | HDN | $1.180 | -5.6% | -1.3% |
IDP Education | IEL | $12.64 | -10.9% | -46.5% |
IGO | IGO | $4.96 | -6.4% | -36.6% |
Iluka Resources | ILU | $4.84 | -17.0% | -29.5% |
Ioneer | INR | $0.170 | -20.9% | +21.4% |
Iress | IRE | $8.87 | -10.9% | +9.6% |
Kelsian Group | KLS | $3.74 | -2.1% | -43.4% |
Lifestyle Communities | LIC | $8.57 | -5.7% | -46.2% |
Latin Resources | LRS | $0.145 | -23.7% | -23.7% |
Liontown Resources | LTR | $0.610 | -26.9% | -53.4% |
Meteoric Resources | MEI | $0.087 | -17.1% | -57.6% |
Mirvac Group | MGR | $2.10 | 0% | 0% |
McMillan Shakespeare | MMS | $14.94 | -1.7% | -14.8% |
Neuren Pharmaceuticals | NEU | $12.74 | -23.1% | -15.9% |
Novonix | NVX | $0.640 | -11.7% | -8.6% |
Nextdc | NXT | $16.25 | -3.0% | +22.5% |
OFX Group | OFX | $1.375 | -2.8% | -3.8% |
OOH!Media | OML | $1.240 | 0% | -11.1% |
Paladin Energy | PDN | $7.47 | -23.1% | -26.0% |
Pilbara Minerals | PLS | $2.15 | -27.9% | -37.0% |
PWR Holdings | PWH | $8.13 | -15.6% | -17.3% |
Pexa Group | PXA | $12.77 | -7.1% | +6.8% |
Rural Funds Group | RFF | $1.770 | -4.8% | -11.5% |
Region Group | RGN | $2.13 | -1.4% | -0.5% |
Ramsay Health Care | RHC | $39.45 | +1.9% | -19.8% |
Resolute Mining | RSG | $0.405 | -39.6% | -8.0% |
Spark New Zealand | SPK | $2.61 | -4.7% | -46.6% |
Sayona Mining | SYA | $0.029 | -6.5% | -48.2% |
Tyro Payments | TYR | $0.870 | +5.5% | -17.1% |
Wildcat Resources | WC8 | $0.225 | -29.7% | -66.7% |
Whitehaven Coal | WHC | $6.33 | -7.7% | -10.7% |
Waypoint Reit | WPR | $2.41 | -2.8% | +0.8% |
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: Challenger (ASX: CGF), Chalice Mining (ASX: CHN), Centuria Office Reit (ASX: COF), Charter Hall Retail Reit (ASX: CQR), Clinuvel Pharmaceuticals (ASX: CUV), Elders (ASX: ELD), Iluka Resources (ASX: ILU), Lifestyle Communities (ASX: LIC), Liontown Resources (ASX: LTR), Novonix (ASX: NVX), Paladin Energy (ASX: PDN), Pilbara Minerals (ASX: PLS), Rural Funds Group (ASX: RFF), Whitehaven Coal (ASX: WHC), Waypoint Reit (ASX: WPR).
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-year's 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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