ChartWatch ASX Scans: ASX 200 record high means opportunities abound for savvy investors
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Interesting uptrends in today's Scans: Adriatic Metals (ADT), ANZ (ANZ), Aurum Resources (AUE), Baby Bunting (BBN), Dyno Nobel (DNL), Falcon Metals (FAL), Golden Horse Minerals (GHM), Genesis Minerals (GMD), Sandfire Resources (SFR), Westpac (WBC).
- Interesting downtrends in today's Scans: Australian Clinical Labs (ACL), AGL Energy (AGL), Appen (APX), Boss Energy (BOE), OFX Group (OFX).
In the lead up to last week's record setting run, ChartWatch Scans has for several months since the end of the March-April correction, delivered you the strongest and best uptrends across the entire ASX. The net is cast wide with my trend following uptrend scan run over the entire universe of ASX stocks – over 2,000 companies – with only one refinement: Minimum daily turnover must be greater than $200,000 over the last month.
Today's Uptrends Scan List has yielded over 100 results (102 to be precise), a record that reflects the ASX 200's own record setting strength. Many of the stocks in the list have been there for a long time, like Lynas Rare Earths (LYC), Qantas (QAN), and Wesfarmers (WES), while others have only recently joined, like the Global X Battery Tech & Lithium ETF (ACDC), Pilbara Minerals (PLS), and BHP Group.
Then, you have others that were in the list for long periods of time, fell out of the list due to a correction, and have rejoined as their uptrends have re-established. In this group, I note ANZ (ANZ), Northern Star Resources (NST) and Westpac Banking Corp. (WBC).
Regardless of what these stocks do for their business, or their market capitalisation – and there is a wide range if both across the list on any day (e.g. from mining to biotechnology, a few million dollars to hundreds of billions) – each stock in the Uptrends Scan List has the following technical characteristics as identified by my uptrends scan:
✅ Strong short term uptrend and either a strong or emerging long term uptrend
✅ Both short and long term trend ribbons are behaving as zones of dynamic demand
✅ Demand-side price action = Rising peaks and rising troughs
✅ Predominance of demand-candles (i.e., those with white bodies and or downward pointing shadows)
The goal of the uptrend scan is to identify ASX stocks exhibiting signs of demand-side control of their price – and it's pretty good at it if I say so myself! 😁 But, this is not a signal service. So, it's up to the individual to watch closely for signs that the supply-side is creeping in to take control of the price of their stocks. Associated signs of increasing supply-side control include:
❌ Trend ribbons flattening, turning, or the price closing below the trend ribbons
❌ Lower peak, and or subsequently lower trough
❌ Increasing predominance of supply-side candles (i.e., those with long black bodies and or upward pointing shadows)
I trust that the scan lists presented here (there's a Downtrends Scan List also – but as you might expect, it's a little sparse at the moment!) have served you well, and will continue to do so. My aim is to make ChartWatch ASX Scans the best free source of trend-following-based technical analysis watchlists for ASX stocks available anywhere.
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.
Feel free to get your favourite AI to convert the tables below into lists you can upload to your favourite trading platform like TradingView. Then you'll be able to skip from chart to chart and quickly and easily see the best uptrends and downtrends on the ASX.
Some investors prefer to buy those stocks in strong uptrends, and avoid, sell, or short sell those stocks in strong downtrends – but how you use the lists is really up to you!
Note, many stocks in both lists have appeared there many times before. As long as they keep meeting my criteria – they'll keep appearing. But note, there won't be any notifications when they don't – so you'll have to do your own research on when a particular trend changes!
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
BetaShares Australia 200 ETF | A200 | $148.98 | +3.5% | +14.2% |
Alpha HPA | A4N | $0.980 | +10.1% | +17.4% |
Global X Battery Tech & Lithium ETF | ACDC | $103.85 | +10.5% | +37.0% |
Adriatic Metals | ADT | $6.17 | +5.1% | +132.0% |
Alkane Resources | ALK | $0.880 | +35.4% | +102.3% |
ALS | ALQ | $18.68 | +4.7% | +22.4% |
AMP | AMP | $1.825 | +19.3% | +39.3% |
ANZ Group | ANZ | $33.08 | +8.6% | +15.3% |
Autosports Group | ASG | $2.69 | +10.2% | +31.2% |
Aurum Resources | AUE | $0.565 | +16.5% | +50.7% |
Baby Bunting Group | BBN | $2.60 | +42.1% | +96.2% |
Bendigo and Adelaide Bank | BEN | $12.84 | +1.3% | +5.6% |
BetaShares Global Shares ETF | BGBL | $78.48 | +3.4% | +22.9% |
BHP Group | BHP | $41.96 | +7.3% | +3.0% |
Bisalloy Steel Group | BIS | $4.62 | +9.0% | +5.0% |
Beetaloo Energy Australia | BTL | $0.275 | +19.6% | -5.2% |
Car Group | CAR | $41.35 | +13.8% | +17.5% |
Challenger | CGF | $8.43 | +2.6% | +15.0% |
Capricorn Metals | CMM | $9.88 | +5.2% | +71.5% |
Charter Hall Social Infrastructure Reit | CQE | $3.31 | +12.6% | +27.8% |
Caprice Resources | CRS | $0.075 | +50.0% | +167.9% |
Dyno Nobel | DNL | $3.06 | +7.0% | +3.4% |
Global X China Tech ETF | DRGN | $11.40 | +6.0% | 0% |
Dorsavi | DVL | $0.046 | +91.7% | +253.8% |
Eclipse Metals | EPM | $0.033 | +73.7% | +307.4% |
European Lithium | EUR | $0.098 | +21.0% | +78.2% |
EVT | EVT | $17.50 | +5.3% | +56.7% |
Falcon Metals | FAL | $0.800 | +83.9% | +220.0% |
Fenix Resources | FEX | $0.330 | +13.8% | -9.6% |
Generation Development Group | GDG | $6.50 | +23.6% | +160.4% |
BetaShares Geared Australian Equity ETF | GEAR | $37.17 | +7.4% | +31.2% |
BetaShares Wealthbuilder Geared ETF | GHHF | $33.03 | +5.3% | +27.7% |
Golden Horse Minerals | GHM | $0.510 | +25.9% | 0% |
Genesis Minerals | GMD | $4.32 | +9.4% | +95.5% |
Graincorp | GNC | $7.99 | +7.7% | -8.4% |
GPT Group | GPT | $5.27 | +3.9% | +16.1% |
Helia Group | HLI | $5.53 | +6.6% | +57.3% |
Helloworld Travel | HLO | $1.765 | +18.1% | -22.2% |
Hub24 | HUB | $108.83 | +6.3% | +131.3% |
iShares MSCI Japan ETF | IJP | $122.89 | +10.6% | +21.7% |
Imdex | IMD | $3.41 | +25.8% | +63.2% |
IPH | IPH | $5.60 | +9.6% | -7.7% |
Iperionx | IPX | $6.40 | +29.3% | +218.4% |
Kingsgate Consolidated | KCN | $2.91 | +21.8% | +111.6% |
Kinatico | KYP | $0.295 | +34.1% | +210.5% |
LGI | LGI | $4.34 | +36.9% | +47.1% |
Lynas Rare Earths | LYC | $14.49 | +49.1% | +137.2% |
Magellan Financial | MFG | $10.94 | +11.1% | +14.2% |
Mount Gibson Iron | MGX | $0.395 | +12.9% | +21.5% |
Medallion Metals | MM8 | $0.315 | +31.3% | +462.5% |
Monadelphous Group | MND | $20.22 | +9.2% | +69.8% |
Medibank Private | MPL | $5.17 | +0.4% | +32.9% |
Motorcycle Holdings | MTO | $3.60 | +17.6% | +211.7% |
Metcash | MTS | $4.16 | +5.9% | +17.5% |
Vaneck Australian Property ETF | MVA | $26.17 | +6.4% | +17.6% |
Vaneck S&P/ASX Midcap ETF | MVE | $45.30 | +5.5% | +19.9% |
Vaneck Australian Resources ETF | MVR | $37.00 | +9.4% | +15.4% |
Vaneck Small Companies ETF | MVS | $21.68 | +8.0% | +12.5% |
Vaneck Australian Equal Weight ETF | MVW | $40.18 | +3.3% | +13.2% |
Mystate | MYS | $4.65 | +7.1% | +20.8% |
Newmont Corporation | NEM | $106.10 | +19.1% | +44.1% |
Navigator Global Investments | NGI | $2.05 | +18.5% | +22.0% |
NIB | NHF | $7.66 | +4.5% | +7.0% |
Northern Star Resources | NST | $18.32 | +12.1% | +28.1% |
Nanoveu | NVU | $0.097 | +44.8% | +273.1% |
NRW | NWH | $3.47 | +11.2% | +4.2% |
Orica | ORI | $21.88 | +4.8% | +21.4% |
Piedmont Lithium | PLL | $0.147 | +28.3% | +9.3% |
Pilbara Minerals | PLS | $2.20 | +39.7% | -22.8% |
Premier Investments | PMV | $22.13 | +9.7% | -7.9% |
Pantoro | PNR | $4.31 | +43.7% | +141.5% |
Perpetual | PPT | $21.70 | +2.4% | +4.1% |
Perenti | PRN | $2.02 | +18.8% | +108.2% |
Qantas Airways | QAN | $11.63 | +5.3% | +96.2% |
Resmed Inc | RMD | $44.00 | +11.3% | +33.8% |
Global X Robotics & Automation ETF | ROBO | $86.50 | +5.7% | +24.5% |
Regis Resources | RRL | $4.51 | +2.0% | +176.7% |
Resolute Mining | RSG | $0.720 | +10.8% | +18.0% |
Steadfast Group | SDF | $6.29 | +5.0% | -1.7% |
Sandfire Resources | SFR | $12.18 | +11.8% | +48.2% |
Ricegrowers | SGLLV | $14.12 | +30.3% | +69.1% |
Santos | STO | $8.05 | +3.6% | +4.1% |
Super Retail Group | SUL | $16.21 | +7.5% | +5.8% |
Torque Metals. | TOR | $0.305 | +69.4% | +177.3% |
Tuas | TUA | $7.61 | +46.3% | +79.9% |
Tyro Payments | TYR | $1.170 | +18.8% | +34.5% |
Universal Store | UNI | $8.91 | +10.7% | +44.9% |
Unibail-Rodamco-Westfield | URW | $7.96 | +11.5% | +43.9% |
Veem | VEE | $1.255 | +25.5% | -29.7% |
Ventia Services Group | VNT | $5.50 | +5.6% | +27.6% |
Vection Technologies | VR1 | $0.051 | +30.8% | +200.0% |
Warriedar Resources | WA8 | $0.155 | +40.9% | +158.3% |
West African Resources | WAF | $2.77 | +24.8% | +100.0% |
Westpac Banking Corp | WBC | $36.81 | +9.2% | +29.1% |
Weebit Nano | WBT | $2.50 | +15.2% | +23.8% |
Wesfarmers | WES | $89.40 | +7.2% | +22.7% |
Westgold Resources | WGX | $3.09 | +12.8% | +7.3% |
Global X Copper Miners ETF | WIRE | $14.50 | +7.3% | +18.3% |
West Wits Mining | WWI | $0.033 | +69.2% | +153.8% |
XRF Scientific | XRF | $2.17 | +7.4% | +54.4% |
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: Adriatic Metals (ASX: ADT), Alkane Resources (ASX: ALK), ANZ Group (ASX: ANZ), Aurum Resources (ASX: AUE), Baby Bunting Group (ASX: BBN), Caprice Resources (ASX: CRS), Dyno Nobel (ASX: DNL), Dorsavi (ASX: DVL), Eclipse Metals (ASX: EPM), European Lithium (ASX: EUR), Falcon Metals (ASX: FAL), Golden Horse Minerals (ASX: GHM), Genesis Minerals (ASX: GMD), IPH (ASX: IPH), Iperionx (ASX: IPX), Kingsgate Consolidated (ASX: KCN), Lynas Rare Earths (ASX: LYC), Mount Gibson Iron (ASX: MGX), Medallion Metals (ASX: MM8), Mystate (ASX: MYS), Orica (ASX: ORI), Perenti (ASX: PRN), Qantas Airways (ASX: QAN), Sandfire Resources (ASX: SFR), Ricegrowers (ASX: SGLLV), Santos (ASX: STO), Torque Metals. (ASX: TOR), Unibail-Rodamco-Westfield (ASX: URW), Veem (ASX: VEE), Ventia Services Group (ASX: VNT), Vection Technologies (ASX: VR1), Westpac Banking Corporation (ASX: WBC), West Wits Mining (ASX: WWI), XRF Scientific (ASX: XRF).
10 Randomly chosen Feature Uptrend Charts:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Clinical Labs | ACL | $2.70 | -4.9% | +3.1% |
AGL Energy | AGL | $8.71 | -9.0% | -19.4% |
Appen | APX | $0.900 | -22.4% | +14.7% |
Boss Energy | BOE | $1.705 | -55.2% | -42.2% |
GQG Partners | GQG | $1.785 | -20.0% | -33.4% |
HMC Capital | HMC | $3.63 | -3.7% | -53.4% |
Imugene | IMU | $0.300 | -18.9% | -84.0% |
OFX Group | OFX | $0.795 | +7.4% | -61.0% |
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: Australian Clinical Labs (ASX: ACL), AGL Energy (ASX: AGL), Appen (ASX: APX), Boss Energy (ASX: BOE), OFX Group (ASX: OFX).
Feature Downtrend charts:
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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's 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 – so always do your own research!!!
