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Technical Analysis
/ChartWatch ASX Scans: Aurum Resources, Canyon Resources, Resmed, Trigg Minerals, Xero, Yancoal, Flight Centre, Nine Entertainment
Technical Analysis
ChartWatch ASX Scans: Aurum Resources, Canyon Resources, Resmed, Trigg Minerals, Xero, Yancoal, Flight Centre, Nine Entertainment
Tue 29 Oct 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Astral Resources (AAR), Aurum Resources (AUE), Canyon Resources (CAY), Physical Gold ETF (GOLD), Nickel Industries (NIC), Resmed (RMD), Trigg Minerals (TMG), Vulcan Energy (VUL), Xero (XRO), Yancoal (YAL).
- Interesting downtrends in today's Scans: Bapcor (BAP), Dexus Industria Reit (DXI), Flight Centre Travel Group (FLT), McMillan Shakespeare (MMS), Medibank Private (MPL), Nine Entertainment (NEC), Reece (REH), Rural Funds (RFF), 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 % |
Astral Resources | AAR | $0.160 | +52.4% | +95.1% |
Aristocrat Leisure | ALL | $59.78 | +2.8% | +48.1% |
Aurum Resources | AUE | $0.500 | +9.9% | +316.7% |
Auric Mining | AWJ | $0.390 | +6.8% | +680.0% |
BCI Minerals | BCI | $0.325 | +14.0% | +25.6% |
Boab Metals | BML | $0.165 | +43.5% | +108.9% |
Canyon Resources | CAY | $0.175 | +76.8% | +272.3% |
Downer EDI | DOW | $5.68 | +4.2% | +51.1% |
Dropsuite | DSE | $4.08 | +19.6% | +66.5% |
Global X Fang+ ETF | FANG | $28.02 | +9.0% | +46.8% |
Global X Physical Gold ETF | GOLD | $38.22 | +6.9% | +33.8% |
BetaShares Global Cybersecurity ETF | HACK | $12.70 | +8.0% | +31.9% |
Hub24 | HUB | $68.65 | +16.0% | +121.5% |
Hyperion Global Growth Companies Fund ETF | HYGG | $5.64 | +7.0% | +43.5% |
Insignia Financial | IFL | $3.33 | +27.1% | +60.1% |
Infratil | IFT | $11.95 | +4.6% | +26.5% |
Intelligent Monitoring Group | IMB | $0.775 | +16.5% | +287.5% |
Kina Securities | KSL | $1.070 | +5.4% | +40.8% |
Loftus Peak Global Disruption Fund ETF | LPGD | $4.99 | +5.3% | +51.7% |
Metals X | MLX | $0.470 | +3.3% | +67.9% |
Nickel Industries | NIC | $0.975 | +7.1% | +27.5% |
Netwealth Group | NWL | $27.68 | +9.0% | +117.6% |
Predictive Discovery | PDI | $0.285 | +5.6% | +21.3% |
Pro Medicus | PME | $188.93 | +8.6% | +144.3% |
Qantas Airways | QAN | $8.12 | +9.4% | +68.1% |
BetaShares Global Robotics and Artificial Intelligence ETF | RBTZ | $13.95 | +2.6% | +26.1% |
REA Group | REA | $231.99 | +16.0% | +51.4% |
Resmed Inc | RMD | $39.07 | +11.1% | +74.7% |
Block | SQ2 | $111.55 | +14.6% | +56.8% |
Sovereign Metals | SVM | $0.725 | +2.1% | +62.9% |
Trigg Minerals | TMG | $0.047 | +88.0% | +235.7% |
Technology One | TNE | $24.55 | +3.2% | +60.9% |
Vulcan Energy Resources | VUL | $5.14 | +13.0% | +128.4% |
Xero | XRO | $151.15 | +1.6% | +39.4% |
Yancoal Australia | YAL | $6.74 | +13.3% | +34.5% |
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), Aurum Resources (ASX: AUE), Canyon Resources (ASX: CAY), Global X Fang+ ETF (ASX: FANG), Global X Physical Gold ETF (ASX: GOLD), BetaShares Global Cybersecurity ETF (ASX: HACK), Insignia Financial (ASX: IFL), Loftus Peak Global Disruption Fund ETF (ASX: LPGD), Nickel Industries (ASX: NIC), REA Group (ASX: REA), Resmed Inc (ASX: RMD), Trigg Minerals (ASX: TMG), Vulcan Energy Resources (ASX: VUL), Xero (ASX: XRO), Yancoal Australia (ASX: YAL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
APA Group | APA | $7.13 | -8.1% | -11.6% |
Arafura Rare Earths | ARU | $0.155 | -11.4% | -29.5% |
Bapcor | BAP | $4.68 | -12.2% | -14.4% |
Cooper Energy | COE | $0.180 | 0% | +80.0% |
Dexus Industria Reit. | DXI | $2.73 | -5.2% | +7.1% |
Flight Centre Travel Group | FLT | $15.68 | -30.2% | -14.9% |
Fleetpartners Group | FPR | $3.08 | +0.7% | +23.2% |
Healthco Healthcare and Wellness Reit | HCW | $1.160 | +1.8% | -19.7% |
Imugene | IMU | $0.048 | 0% | +9.1% |
Kelsian Group | KLS | $4.11 | -0.2% | -34.8% |
McMillan Shakespeare | MMS | $15.05 | -0.1% | -12.4% |
Medibank Private | MPL | $3.64 | -0.5% | +4.3% |
Nine Entertainment | NEC | $1.195 | -8.1% | -36.4% |
NIB | NHF | $5.91 | -0.3% | -18.8% |
Polynovo | PNV | $2.13 | -19.3% | +86.8% |
PWR Holdings | PWH | $8.71 | -4.0% | -16.3% |
Reece | REH | $23.50 | -17.6% | +33.8% |
Rural Funds Group | RFF | $1.875 | -4.6% | -2.1% |
Smartgroup Corporation | SIQ | $7.90 | -6.0% | -8.2% |
Strike Energy | STX | $0.200 | -7.0% | -52.4% |
Tyro Payments | TYR | $0.770 | -18.5% | -16.8% |
Viva Energy Group | VEA | $2.67 | -7.9% | -8.2% |
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: Bapcor (ASX: BAP), Dexus Industria Reit. (ASX: DXI), Flight Centre Travel Group (ASX: FLT), McMillan Shakespeare (ASX: MMS), Medibank Private (ASX: MPL), Nine Entertainment (ASX: NEC), Reece (ASX: REH), Rural Funds Group (ASX: RFF), 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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