Evening Wrap: ASX 200 slumps on escalating Mid-East conflict, but golden lining for war winners energy and gold stocks
Fri 04 Oct 24, 5:21pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Ausgold, Brambles, Meeka Metals, Motorcycle Holdings, Technology One, Xero, Develop Global, Jumbo Interactive
Technical Analysis
ChartWatch ASX Scans: Ausgold, Brambles, Meeka Metals, Motorcycle Holdings, Technology One, Xero, Develop Global, Jumbo Interactive
Wed 18 Sep 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Ansell (ANN), Ausgold (AUC), Brambles (BXB), Echoiq (EIQ), Meeka Metals (MEK), Motorcycle (MTO), Qantas Airways (QAN), Service Stream (SSM), Technology One (TNE), Xero (XRO)
- Interesting downtrends in today's Scans: Brickworks (BKW), Develop Global (DVP), Imugene (IMU), Jumbo Interactive (JIN), PWR Holdings (PWH)
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 % |
Aussie Broadband | ABB | $3.75 | +21.4% | +4.2% |
Abacus Group | ABG | $1.325 | +21.6% | +21.6% |
Aristocrat Leisure | ALL | $56.69 | +4.2% | +39.9% |
AMA Group | AMA | $0.063 | +37.0% | +30.5% |
Ansell | ANN | $31.69 | +15.9% | +42.7% |
Ausgold | AUC | $0.460 | +26.0% | +35.3% |
Brambles | BXB | $19.01 | +21.0% | +29.2% |
Codan | CDA | $15.11 | +18.1% | +93.0% |
Centuria Capital Group | CNI | $1.995 | +23.1% | +36.6% |
Chorus | CNU | $8.42 | +14.7% | +22.4% |
Coles Group | COL | $19.12 | +3.7% | +21.4% |
Echoiq | EIQ | $0.215 | +53.6% | +38.7% |
GDI Property Group | GDI | $0.675 | +8.9% | +15.4% |
Goodman Group | GMG | $35.92 | +6.0% | +58.9% |
Judo Capital | JDO | $1.745 | +26.0% | +75.4% |
Lendlease Group | LLC | $7.18 | +14.0% | -1.8% |
Meeka Metals | MEK | $0.059 | +15.7% | +25.5% |
Motorcycle | MTO | $1.755 | +39.3% | -17.6% |
Qantas Airways | QAN | $7.16 | +18.5% | +28.1% |
Raiden Resources | RDN | $0.035 | +45.8% | +2.9% |
St Barbara | SBM | $0.285 | +16.3% | +54.1% |
Sigma Healthcare | SIG | $1.420 | +14.5% | +97.6% |
Service Stream | SSM | $1.490 | +10.0% | +70.3% |
Technology One | TNE | $23.71 | +4.8% | +51.7% |
WAM Strategic Value | WAR | $1.185 | +7.7% | +9.7% |
Xero | XRO | $148.10 | +4.6% | +23.4% |
Zip Co. | ZIP | $2.42 | +8.0% | +780.0% |
Today's Uptrends Scan List
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Brickworks | BKW | $25.46 | -4.1% | -9.3% |
Boss Energy | BOE | $2.70 | -7.5% | -32.0% |
Develop Global | DVP | $1.975 | -4.1% | -32.6% |
Imugene | IMU | $0.048 | -7.7% | -21.3% |
Jumbo Interactive | JIN | $13.32 | -14.0% | -14.1% |
New Hope Corporation | NHC | $4.32 | -13.3% | -28.1% |
Nexgen Energy | NXG | $8.51 | -4.9% | -12.3% |
OOH!Media | OML | $1.260 | -13.4% | -10.0% |
Power | PWH | $8.95 | -4.5% | -17.1% |
Stanmore Resources | SMR | $2.66 | -17.6% | -12.9% |
Spark New Zealand | SPK | $3.09 | -22.4% | -29.0% |
Terracom | TER | $0.160 | -22.0% | -62.8% |
Talga Group | TLG | $0.405 | -1.2% | -70.5% |
Vulcan Energy Resources | VUL | $3.61 | -5.2% | +19.1% |
Today's Downtrends Scan List
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 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 detailed in the ChartWatch Primer 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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