Evening Wrap: ASX 200 slides on broad-based falls, finishes at week's low as Santa rally fades
Fri 06 Dec 24, 5:45pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Aussie Broadband, Appen, Centaurus Metals, Metro Mining, Nexgen Energy, Piedmont Lithium, Vulcan Energy
Technical Analysis
ChartWatch ASX Scans: Aussie Broadband, Appen, Centaurus Metals, Metro Mining, Nexgen Energy, Piedmont Lithium, Vulcan Energy
Tue 15 Oct 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Aussie Broadband (ABB), Adriatic Metals (ADT), Appen (APX), Centaurus Metals (CTM), Duratec (DUR), Metro Mining (MMI), Nexgen Energy (NXG), Piedmont Lithium (PLL), Regis Resources (RRL), Vulcan Energy (VUL).
- Interesting downtrends in today's Scans: Ampol (ALD), IPH (IPH), Jumbo Interactive (JIN), Nine Entertainment (NEC), The Star Entertainment Group (SGR), Woodside Energy Group (WDS), Webjet (WEB), Woolworths Group (WOW).
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 % |
Life360 | 360 | $21.24 | +25.2% | +147.6% |
Aussie Broadband | ABB | $3.94 | +5.9% | -2.5% |
Adriatic Metals | ADT | $3.97 | +21.8% | +15.1% |
ANZ Group | ANZ | $30.86 | -0.9% | +20.3% |
Appen | APX | $2.33 | +55.3% | +146.3% |
Accent Group | AX1 | $2.39 | +6.2% | +23.5% |
BetaShares Global Banks Hedged ETF | BNKS | $8.12 | +7.1% | +35.6% |
Codan | CDA | $16.05 | +8.5% | +96.7% |
CSL | CSL | $299.31 | -0.3% | +17.7% |
Centaurus Metals | CTM | $0.560 | +41.8% | 0% |
Dropsuite | DSE | $3.60 | +9.4% | +44.0% |
Duratec | DUR | $1.670 | +17.2% | +45.9% |
EQT | EQT | $32.02 | +8.9% | +20.8% |
Evolution Mining | EVN | $4.70 | +8.8% | +32.0% |
Future Generation Australia | FGX | $1.295 | +2.4% | +12.6% |
Findi | FND | $5.08 | +30.3% | +1016.5% |
Global X Physical Gold Global X Physical Gold | GOLD | $36.37 | +3.3% | +35.8% |
BetaShares Global Cybersecurity ETF | HACK | $12.61 | +8.0% | +26.6% |
HMC Capital | HMC | $8.92 | +11.1% | +91.0% |
Hansen Technologies | HSN | $5.09 | +17.0% | -4.7% |
Insignia Financial | IFL | $2.88 | +18.5% | +19.5% |
L1 Capital International Fund ETF | L1IF | $6.03 | +2.4% | 0% |
Loftus Peak Global Disruption Fund ETF | LPGD | $4.88 | +5.9% | +45.2% |
Metro Mining | MMI | $0.047 | +34.3% | +135.0% |
Myer | MYR | $0.915 | +7.6% | +72.6% |
Newmont Corporation | NEM | $80.48 | +2.3% | 0% |
Northern Star Resources | NST | $16.34 | +4.7% | +45.1% |
Nexgen Energy | NXG | $11.15 | +28.2% | +21.5% |
Ora Banda Mining | OBM | $0.670 | +13.6% | +538.1% |
SPDR S&P/ASX 200 Resources Fund ETF | OZR | $13.08 | +10.6% | -2.4% |
Piedmont Lithium | PLL | $0.215 | +95.5% | -60.9% |
Pantoro | PNR | $0.125 | +8.7% | +220.5% |
Praemium | PPS | $0.580 | +16.0% | -0.9% |
Perseus Mining | PRU | $2.75 | +6.2% | +69.8% |
Regis Healthcare | REG | $6.64 | +15.5% | +155.4% |
Regal Investment Fund | RF1 | $3.51 | +10.0% | +26.3% |
Regis Resources | RRL | $2.29 | +19.6% | +42.2% |
Sims | SGM | $13.00 | +17.3% | -4.9% |
Tuas | TUA | $5.45 | +27.9% | +159.5% |
Vulcan Energy Resources | VUL | $4.83 | +23.2% | +74.4% |
Vysarn | VYS | $0.515 | +2.0% | +178.4% |
WCM Global Growth | WQG | $1.630 | +5.8% | +33.6% |
Yancoal Australia | YAL | $6.29 | +14.8% | +24.3% |
Today's Uptrends Scan List
Feature charts from today's Uptrends List 🔎📈
Life360 (ASX: 360), Aussie Broadband (ASX: ABB), Adriatic Metals (ASX: ADT), Appen (ASX: APX), BetaShares Global Banks Hedged ETF (ASX: BNKS), Centaurus Metals (ASX: CTM), Duratec (ASX: DUR), Evolution Mining (ASX: EVN), Metro Mining (ASX: MMI), Myer (ASX: MYR), Nexgen Energy (ASX: NXG), Ora Banda Mining (ASX: OBM), Piedmont Lithium (ASX: PLL), Regis Healthcare (ASX: REG), Regal Investment Fund (ASX: RF1), Regis Resources (ASX: RRL), Vulcan Energy Resources (ASX: VUL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Ampol | ALD | $29.14 | +1.0% | -7.7% |
Data#3 | DTL | $7.41 | -4.4% | +3.8% |
Endeavour Group | EDV | $4.90 | -3.9% | -7.9% |
Guzman y Gomez | GYG | $37.48 | -2.2% | 0% |
IPH | IPH | $5.59 | -6.4% | -23.5% |
Jumbo Interactive | JIN | $13.25 | -1.8% | -12.1% |
Megaport | MP1 | $7.44 | -1.8% | -36.6% |
Nine Entertainment | NEC | $1.225 | +0.8% | -40.5% |
Neuren Pharmaceuticals | NEU | $13.02 | -5.4% | +13.8% |
Nufarm | NUF | $3.75 | -4.3% | -20.7% |
The Star Entertainment Group | SGR | $0.260 | -50.5% | -69.3% |
Spark New Zealand | SPK | $2.73 | -12.2% | -40.4% |
Woodside Energy Group | WDS | $25.34 | +4.5% | -29.4% |
Webjet | WEB | $4.53 | -31.6% | -20.6% |
Woolworths Group | WOW | $33.00 | -4.9% | -12.0% |
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: Ampol (ASX: ALD), IPH (ASX: IPH), Jumbo Interactive (ASX: JIN), Nine Entertainment (ASX: NEC), The Star Entertainment Group (ASX: SGR), Woodside Energy Group (ASX: WDS), Webjet (ASX: WEB), Woolworths Group (ASX: WOW).
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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