Technical Analysis

ChartWatch ASX Scans: Beforepay, Bisalloy Steel, Cybersecurity ETF, Semiconductor ETF, Boss Energy, Collins Foods, Coronado Resources

Tue 17 Dec 24, 9:00am (AEDT)
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prn
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rhc
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semi
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wc8
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Key Points

  • Interesting uptrends in today's Scans: Airtasker (ART), Beforepay Group (B4P), Bisalloy Steel Group (BIS), BetaShares Global Cybersecurity ETF (HACK), Global X Semiconductor ETF (SEMI).
  • Interesting downtrends in today's Scans: Boss Energy (BOE), Collins Foods (CKF), Coronado (CRN), Domain (DHG), Droneshield (DRO), Liontown Resources (LTR), Newmont (NEM), Nextdc (NXT), Pilbara Minerals (PLS), Ramsay Health (RHC), Wildcat Resources (WC8).

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 %

Airtasker

ART

$0.390

+30.0%

+122.9%

Archer Materials

AXE

$0.395

+3.9%

+8.2%

Antipa Minerals

AZY

$0.029

+45.0%

+93.3%

Beforepay Group

B4P

$1.845

+51.2%

+207.5%

Bisalloy Steel Group

BIS

$4.56

+19.1%

+100.9%

Botanix Pharmaceuticals

BOT

$0.380

+18.8%

+162.1%

Fisher & Paykel Healthcare

FPH

$34.62

+3.3%

+55.2%

BetaShares Global Cybersecurity ETF

HACK

$14.07

+7.1%

+28.8%

Hearts & Minds Investments

HM1

$3.20

+4.2%

+37.3%

Insurance Australia

IAG

$8.44

+5.8%

+47.8%

Mystate

MYS

$4.09

+5.4%

+33.7%

Pacific Current Group

PAC

$11.73

+8.9%

+34.2%

Perenti

PRN

$1.335

+12.7%

+30.9%

Global X Semiconductor ETF

SEMI

$17.31

+4.7%

+32.3%

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: Airtasker (ASX: ART), Beforepay Group (ASX: B4P), Bisalloy Steel Group (ASX: BIS), BetaShares Global Cybersecurity ETF (ASX: HACK), Global X Semiconductor ETF (ASX: SEMI).

Charts of each below:

Airtasker (ASX-ART) chart 16 December 2024Beforepay Group (ASX-B4P) chart 16 December 2024BetaShares Global Cybersecurity ETF (ASX-HACK) chart 16 December 2024Bisalloy Steel Group (ASX-BIS) chart 16 December 2024Global X Semiconductor ETF (ASX-SEMI) chart 16 December 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Abacus Group

ABG

$1.120

-9.7%

+1.4%

Australian Finance

AFG

$1.510

-5.9%

-4.1%

Atlas Arteria

ALX

$4.54

-7.5%

-20.5%

ARB Corporation

ARB

$38.94

-7.2%

+15.9%

Arafura Rare Earths

ARU

$0.110

-15.4%

-43.6%

Aurizon

AZJ

$3.26

-4.7%

-12.6%

Bellevue Gold

BGL

$1.245

+0.8%

-26.3%

Boss Energy

BOE

$2.40

-16.1%

-36.8%

BWP Trust

BWP

$3.30

-4.1%

-9.3%

Chalice Mining

CHN

$1.115

-19.5%

-31.4%

Collins Foods

CKF

$7.60

-10.7%

-34.1%

Charter Hall Retail Reit

CQR

$3.19

-6.7%

-9.6%

Coronado Resources

CRN

$0.825

-12.7%

-49.7%

Capstone Copper Corp.

CSC

$9.93

-5.8%

0%

Clarity Pharmaceuticals

CU6

$4.58

-35.9%

+192.6%

Domain Australia

DHG

$2.56

-9.2%

-21.5%

Droneshield

DRO

$0.615

-19.6%

+92.2%

Dexus Industria Reit.

DXI

$2.57

-4.1%

-7.6%

Dexus

DXS

$6.74

-3.6%

-10.3%

Elders

ELD

$7.45

-12.0%

+2.9%

Graincorp

GNC

$7.29

-9.4%

+1.0%

GPT Group

GPT

$4.41

-4.8%

+0.9%

Healthco Health & Wellness Reit

HCW

$1.015

-9.4%

-30.2%

Homeco Daily Needs Reit

HDN

$1.150

-7.3%

-6.1%

Imugene

IMU

$0.037

-9.8%

-56.5%

Ioneer

INR

$0.155

-20.5%

+24.0%

Johns Lyng Group

JLG

$3.65

-14.9%

-38.3%

Kelsian Group

KLS

$3.59

-7.0%

-46.3%

Lifestyle Communities

LIC

$8.40

-3.7%

-52.3%

Lendlease Group

LLC

$6.43

-5.7%

-8.0%

Lotus Resources

LOT

$0.195

-9.3%

-37.1%

Latin Resources

LRS

$0.150

-28.6%

-23.1%

Liontown Resources

LTR

$0.550

-35.7%

-56.7%

Lynas Rare Earths

LYC

$6.73

-5.7%

+11.2%

Meteoric Resources

MEI

$0.081

-19.0%

-61.4%

Mirvac Group

MGR

$1.940

-8.1%

-8.1%

McMillan Shakespeare

MMS

$14.04

-4.2%

-15.9%

Newmont Corporation

NEM

$62.90

-0.4%

+9.5%

NIB

NHF

$5.53

-4.5%

-28.4%

Nufarm

NUF

$3.63

-9.7%

-25.8%

Novonix

NVX

$0.585

-25.9%

-10.7%

Nextdc

NXT

$15.22

-8.5%

+19.0%

OOH!Media

OML

$1.135

-6.6%

-22.8%

Orora

ORA

$2.35

-4.1%

-12.3%

Pilbara Minerals

PLS

$2.19

-30.7%

-37.2%

Platinum Asset

PTM

$0.635

-26.8%

-33.3%

Reece

REH

$23.42

-4.4%

+13.5%

Rural Funds Group

RFF

$1.725

-7.8%

-12.4%

Ramsay Health Care

RHC

$36.01

-3.6%

-28.1%

Resolute Mining

RSG

$0.400

-0.6%

-7.0%

South32

S32

$3.37

-5.1%

+10.9%

Smartgroup

SIQ

$7.67

-1.3%

-14.1%

Super Retail Group

SUL

$14.63

-3.2%

+0.4%

Sayona Mining

SYA

$0.028

-17.6%

-50.9%

Vulcan Steel

VSL

$6.85

-7.6%

-5.8%

Wildcat Resources

WC8

$0.210

-23.6%

-68.7%

Worley

WOR

$13.16

-8.9%

-20.7%

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: Boss Energy (ASX: BOE), Collins Foods (ASX: CKF), Coronado Global Resources (ASX: CRN), Domain Australia (ASX: DHG), Droneshield (ASX: DRO), Elders (ASX: ELD), Graincorp (ASX: GNC), Healthco Healthcare and Wellness Reit (ASX: HCW), Lifestyle Communities (ASX: LIC), Liontown Resources (ASX: LTR), McMillan Shakespeare (ASX: MMS), Newmont Corporation (ASX: NEM), Nufarm (ASX: NUF), Novonix (ASX: NVX), Nextdc (ASX: NXT), Pilbara Minerals (ASX: PLS), Ramsay Health Care (ASX: RHC), Wildcat Resources (ASX: WC8).

Charts of each below:

Boss Energy (ASX-BOE) chart 16 December 2024Collins Foods (ASX-CKF) chart 16 December 2024Coronado Global Resources (ASX-CRN) chart 16 December 2024Domain Australia (ASX-DHG) chart 16 December 2024Droneshield (ASX-DRO) chart 16 December 2024Elders (ASX-ELD) chart 16 December 2024Graincorp (ASX-GNC) chart 16 December 2024Healthco Healthcare and Wellness Reit (ASX-HCW) chart 16 December 2024Lifestyle Communities (ASX-LIC) chart 16 December 2024Liontown Resources (ASX-LTR) chart 16 December 2024McMillan Shakespeare (ASX-MMS) chart 16 December 2024Newmont Corporation (ASX-NEM) chart 16 December 2024Nextdc (ASX-NXT) chart 16 December 2024Novonix (ASX-NVX) chart 16 December 2024Nufarm (ASX-NUF) chart 16 December 2024Pilbara Minerals (ASX-PLS) chart 16 December 2024Ramsay Health Care (ASX-RHC) chart 16 December 2024Wildcat Resources (ASX-WC8) chart 16 December 2024

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.

 

Written By

Carl Capolingua

Content Editor

Carl has over 30-year's 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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