Evening Wrap: ASX 200 edges higher as financials, property and tech stocks lead, worrying China market move drags down commodities
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/ChartWatch ASX Scans: Bannerman Energy, Empire Energy, Lotus Resources, Macquarie, Polynovo, Step One Clothing, Titomic
Technical Analysis
ChartWatch ASX Scans: Bannerman Energy, Empire Energy, Lotus Resources, Macquarie, Polynovo, Step One Clothing, Titomic
Thu 18 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: A2 Milk (A2M), Aurora Labs (A3D), Actinogen (ACW), Catapult (CAT), Catalyst Metals (CYL), Empire Energy (EEG), Macquarie (MQG), Polynovo (PNV), Step One (STP), Titomic (TTT), Westpac (WBC), Woolworths (WOW)
- Interesting downtrends in today's Scans: Audinate (AD8), Bannerman Energy (BMN), Chalice Mining (CHN), Corporate Travel (CTD), Calix (CXL), Deterra (DRR), IDP Education (IEL), IGO (IGO), Iluka Resources (ILU), Lotus Resources (LOT), Lynas Rare Earths (LYC)
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 % |
|---|---|---|---|---|
The A2 Milk Company | A2M | $7.02 | +4.0% | +35.0% |
Aurora Labs | A3D | $0.110 | +18.3% | +340.0% |
Actinogen Medical | ACW | $0.087 | +190.0% | +155.1% |
Arovella Therapeutics | ALA | $0.165 | +32.0% | +251.1% |
ALS | ALQ | $14.70 | +1.0% | +29.9% |
ARB Corporation | ARB | $40.54 | +4.9% | +33.8% |
Austal | ASB | $2.55 | +7.6% | -9.3% |
Ausgold | AUC | $0.042 | +20.0% | -8.7% |
Australian United Investment Company | AUI | $10.55 | +1.9% | +8.8% |
Black Cat Syndicate | BC8 | $0.390 | +50.0% | +9.9% |
Bendigo and Adelaide Bank | BEN | $12.11 | +7.0% | +35.2% |
Biome Australia | BIO | $0.690 | +62.4% | +858.3% |
Bisalloy Steel Group | BIS | $4.73 | +18.3% | +153.8% |
Brickworks | BKW | $29.23 | +8.1% | +14.2% |
Bank of Queensland | BOQ | $6.26 | +6.5% | +9.1% |
Botanix Pharmaceuticals | BOT | $0.395 | +19.7% | +192.6% |
Catapult Group International | CAT | $2.04 | +11.5% | +111.4% |
Commonwealth Bank of Australia | CBA | $133.50 | +4.3% | +31.7% |
Codan | CDA | $12.19 | +7.8% | +53.9% |
Capricorn Metals | CMM | $5.47 | +16.4% | +14.9% |
Coles Group | COL | $17.58 | +1.9% | -3.4% |
Catalyst Metals | CYL | $1.750 | +86.2% | +121.5% |
Data#3 | DTL | $8.49 | +5.9% | +14.6% |
DUG Technology | DUG | $2.82 | +10.2% | +116.9% |
Dimerix | DXB | $0.540 | -5.3% | +660.6% |
Empire Energy Group | EEG | $0.285 | +9.6% | +90.0% |
Emeco | EHL | $0.855 | +20.4% | +25.7% |
Elders | ELD | $9.18 | +13.2% | +28.0% |
EQT | EQT | $33.66 | +4.2% | +31.3% |
Future Generation Australia | FGX | $1.240 | +6.9% | +11.7% |
Global Data Centre Group | GDC | $3.28 | +1.2% | +98.2% |
G8 Education | GEM | $1.310 | +12.0% | +22.4% |
GQG Partners | GQG | $3.01 | +10.3% | +85.8% |
HMC Capital | HMC | $7.84 | +5.7% | +57.1% |
BetaShares Australian Dividend Harvester ETF | HVST | $13.39 | +3.7% | +7.4% |
Horizon Oil | HZN | $0.205 | +17.1% | +41.4% |
iShares Core MSCI Australia ESG ETF | IESG | $29.81 | +4.2% | +12.7% |
Intelligent Monitoring Group | IMB | $0.570 | +29.5% | +571.2% |
Integrated Research | IRI | $0.925 | +24.2% | +98.9% |
MFF Capital Investments | MFF | $3.82 | +6.7% | +37.9% |
Maas Group | MGH | $4.38 | +6.6% | +77.3% |
Mirrabooka Investments | MIR | $3.38 | +5.3% | +18.3% |
Macquarie Group | MQG | $209.71 | +7.2% | +14.8% |
Vaneck Australian Banks ETF | MVB | $36.67 | +4.4% | +26.5% |
Mystate | MYS | $4.01 | +5.2% | +19.0% |
National Australia Bank | NAB | $37.77 | +4.9% | +40.3% |
Neuren Pharmaceuticals | NEU | $22.14 | +10.8% | +96.5% |
Netwealth Group | NWL | $22.91 | +5.5% | +67.5% |
OFX Group | OFX | $2.20 | 0% | +14.9% |
Perpetual Equity Investment Company | PIC | $1.250 | +5.5% | +4.2% |
Pinnacle Investment Management Group | PNI | $16.13 | +20.4% | +63.4% |
Polynovo | PNV | $2.59 | +6.6% | +63.4% |
BetaShares Australian Financials Sector ETF | QFN | $14.92 | +3.5% | +32.7% |
Russell Investments Australian Responsible ETF | RARI | $28.07 | +2.8% | +13.5% |
REA Group | REA | $205.38 | +6.4% | +37.5% |
Scentre Group | SCG | $3.34 | +7.4% | +21.9% |
SG Fleet Group | SGF | $3.25 | +6.9% | +51.2% |
Sigma Healthcare | SIG | $1.365 | +7.9% | +77.9% |
SKS Technologies Group | SKS | $1.600 | +107.8% | +515.4% |
Washington H Soul Pattinson & Company | SOL | $34.99 | +5.8% | +10.3% |
Service Stream | SSM | $1.375 | +11.3% | +68.7% |
Step One Clothing | STP | $1.800 | +31.9% | +407.0% |
Titomic | TTT | $0.175 | +105.9% | +775.0% |
Universal Store | UNI | $5.38 | +9.1% | +70.3% |
Vanguard Australian Property Securities ETF | VAP | $97.65 | +5.2% | +23.8% |
Vysarn | VYS | $0.330 | +15.8% | +120.0% |
Westpac Banking Corporation | WBC | $28.48 | +4.6% | +33.4% |
Woolworths Group | WOW | $35.00 | +5.9% | -10.2% |
XRF Scientific | XRF | $1.520 | +9.0% | +24.1% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: The A2 Milk Company (ASX: A2M), Aurora Labs (ASX: A3D), Actinogen Medical (ASX: ACW), Bisalloy Steel (ASX: BIS), Catapult International (ASX: CAT), Catalyst Metals (ASX: CYL), Empire Energy (ASX: EEG), Emeco (ASX: EHL), Macquarie (ASX: MQG), Vaneck Australian Banks ETF (ASX: MVB), National Australia Bank (ASX: NAB), Pinnacle Investment Management (ASX: PNI), Polynovo (ASX: PNV), Step One Clothing (ASX: STP), Titomic (ASX: TTT), Westpac Banking Corporation (ASX: WBC), Woolworths (ASX: WOW).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Clinical Labs | ACL | $2.37 | -8.1% | -27.1% |
Audinate Group | AD8 | $15.60 | -7.5% | +74.9% |
Eagers Automotive | APE | $10.58 | +2.4% | -29.4% |
BHP Group | BHP | $42.70 | -0.2% | -6.2% |
Bannerman Energy | BMN | $3.07 | -23.6% | +99.4% |
Boss Energy | BOE | $3.91 | -4.6% | +27.4% |
Chalice Mining | CHN | $1.210 | -10.7% | -79.4% |
Champion Iron | CIA | $6.33 | -1.4% | +6.4% |
Collins Foods | CKF | $8.85 | -4.1% | -11.7% |
Corporate Travel Management | CTD | $13.44 | +1.0% | -31.2% |
Cettire | CTT | $1.440 | -36.0% | -58.6% |
Calix | CXL | $1.045 | -15.7% | -76.8% |
Core Lithium | CXO | $0.110 | +22.2% | -88.6% |
Domino's Pizza Enterprises | DMP | $36.09 | -2.2% | -27.1% |
Deterra Royalties | DRR | $4.00 | -2.9% | -14.7% |
Develop Global | DVP | $2.10 | -6.3% | -38.8% |
IDP Education | IEL | $13.90 | -10.3% | -38.3% |
IGO | IGO | $5.83 | -3.6% | -63.4% |
Iluka Resources | ILU | $6.62 | +3.9% | -41.3% |
Imugene | IMU | $0.055 | -1.8% | -39.6% |
Ioneer | INR | $0.145 | 0% | -58.6% |
Lotus Resources | LOT | $0.325 | -11.0% | +80.6% |
Liontown Resources | LTR | $0.955 | -6.4% | -65.1% |
Lynas Rare Earths | LYC | $6.29 | +4.1% | -11.4% |
Meteoric Resources | MEI | $0.135 | -20.6% | -47.1% |
Monadelphous Group | MND | $12.67 | -3.6% | +0.7% |
Novonix | NVX | $0.670 | -0.7% | -30.6% |
Pilbara Minerals | PLS | $3.02 | -7.4% | -40.6% |
Rio Tinto | RIO | $116.46 | -2.3% | -2.2% |
Renascor Resources | RNU | $0.094 | +10.6% | -55.2% |
Sims | SGM | $10.48 | 0% | -33.5% |
Spark New Zealand | SPK | $3.77 | +0.8% | -19.8% |
Strike Energy | STX | $0.210 | +5.0% | -48.8% |
Sayona Mining | SYA | $0.033 | -5.7% | -82.6% |
Syrah Resources | SYR | $0.315 | -19.2% | -64.7% |
Terracom | TER | $0.210 | +2.4% | -52.3% |
Talga Group | TLG | $0.505 | -10.6% | -65.5% |
Weebit Nano | WBT | $2.52 | +12.5% | -57.1% |
Wildcat Resources | WC8 | $0.270 | -22.9% | +100.0% |
Today's Downtrends Scan List
Interesting charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Audinate Group (ASX: AD8), Bannerman Energy (ASX: BMN), Chalice Mining (ASX: CHN), Collins Foods (ASX: CKF), Corporate Travel Management (ASX: CTD), Calix (ASX: CXL), Deterra Royalties (ASX: DRR), IDP Education (ASX: IEL), IGO (ASX: IGO), Iluka Resources (ASX: ILU), Lotus Resources (ASX: LOT), Lynas Rare Earths (ASX: LYC), Monadelphous Group (ASX: MND), Rio Tinto (ASX: RIO), Talga Group (ASX: TLG).
Charts of each below:
ChartWatch ASX Scans Criteria
Criteria for Uptrends List
Short term uptrend (ST trend ribbon is light green)
Long term uptrend or long term trend is transitioning from down to up (LT trend ribbon is dark green, or LT trend ribbon is amber and contracting)
Demand-side price action (rising peaks and rising troughs is preferred, but based upon weight of evidence of other criteria rising peaks only or rising troughs only may be permitted)
Predominance of demand-side candles (i.e., white bodies and or downward pointing shadows)
The last candle in particular is a strong demand-side candle
Criteria for Downtrends List
Short term downtrend (ST trend ribbon is light pink)
Long term downtrend or long term trend is transitioning from up to down (LT trend ribbon is dark pink, or LT trend ribbon is amber and contracting)
Supply-side price action (falling peaks and falling troughs is preferred, but based upon weight of evidence of other criteria falling peaks only or falling troughs only may be permitted)
Predominance of supply-side candles (i.e., black bodies and or upward pointing shadows)
The last candle in particular is a strong supply-side candle
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 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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