Technical Analysis

ChartWatch ASX Scans: Bega Cheese, Brainchip, Computershare, Iperionx, News Corp, Origin, Redox, Transurban, Alpha HPA, WA1 Resources

Tue 24 Dec 24, 9:00am (AEDT)
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Key Points

  • Interesting uptrends in today's Scans: Auckland Airport (AIA), Bega (BGA), Brainchip (BRN), Computershare (CPU), Dalrymple Bay (DBI), Iperionx (IPX), Kina Securities (KSL), NewsCorp (NWS), Origin (ORG), Redox (RDX), Singular Health (SHG), Transurban (TCL).
  • Interesting downtrends in today's Scans: Alpha HPA (A4N), Clarity Pharmaceuticals (CU6), Liontown Resources (LTR), WA1 Resources (WA1).

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.


This is the final instalment of ChartWatch ASX Scans for 2024 as it will be on hiatus until Tuesday, January 7. I trust that you found this series useful in 2024 and I look forward to following the trends with you again in 2025! πŸ“ˆ


Uptrends Scan List

Company

Code

Last Price

1mo %

1yr %

Auckland International Airport

AIA

$7.66

+13.1%

-2.3%

AI-Media Technologies

AIM

$0.910

+29.1%

+237.0%

Aristocrat Leisure

ALL

$68.76

+3.4%

+64.7%

AMP

AMP

$1.615

+4.9%

+73.7%

Bega Cheese

BGA

$5.74

+8.9%

+66.4%

Breville Group

BRG

$36.04

+10.9%

+34.4%

Brainchip

BRN

$0.300

+27.7%

+62.2%

Bravura Solutions

BVS

$2.17

+43.7%

+145.2%

Vaneck FTSE China A50 ETF

CETF

$58.55

+5.4%

+28.7%

Coles Group

COL

$18.78

+3.8%

+17.0%

Computershare

CPU

$33.93

+7.0%

+41.4%

Dalrymple Bay Infrastructure

DBI

$3.56

+7.9%

+32.3%

EZZ Life Science

EZZ

$3.09

+18.4%

+390.5%

Global X Fang+ ETF

FANG

$33.22

+12.7%

+56.9%

Fineos Corporation

FCL

$1.955

-4.6%

+10.1%

Helia Group

HLI

$4.51

+2.0%

+12.8%

Insurance Australia Group

IAG

$8.54

+3.9%

+50.1%

Iondrive

ION

$0.026

+136.4%

+13.0%

Iperionx

IPX

$4.85

+10.2%

+277.4%

JB HI-FI

JBH

$95.27

+5.8%

+85.2%

Kina Securities

KSL

$1.140

+7.5%

+46.2%

Monadelphous Group

MND

$13.55

+6.7%

-9.8%

Myer

MYR

$1.205

+21.1%

+89.8%

Mystate

MYS

$4.34

+6.6%

+41.8%

News Corporation

NWS

$50.66

+2.6%

+38.0%

Orthocell

OCC

$1.310

+114.8%

+240.3%

Origin Energy

ORG

$10.81

-1.7%

+28.4%

Pro Medicus

PME

$255.44

+15.2%

+174.4%

Redox

RDX

$4.11

+7.6%

+74.9%

Global X Semiconductor ETF

SEMI

$17.27

+5.6%

+30.2%

Ricegrowers

SGLLV

$10.50

+9.4%

+63.3%

Singular Health Group

SHG

$0.270

+145.5%

+592.3%

Transurban Group

TCL

$13.81

+8.7%

-0.2%

Telstra Group

TLS

$4.02

+4.1%

+1.5%

Today's Uptrends Scan List

Feature Charts from today's Uptrends List πŸ”ŽπŸ“ˆ

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Auckland International Airport (ASX: AIA), Bega Cheese (ASX: BGA), Brainchip (ASX: BRN), Computershare (ASX: CPU), Dalrymple Bay Infrastructure/Notes (ASX: DBI), Iperionx (ASX: IPX), Kina Securities (ASX: KSL), News Corporation (ASX: NWS), Origin Energy (ASX: ORG), Redox (ASX: RDX), Singular Health Group (ASX: SHG), Transurban Group (ASX: TCL).

Charts of each below:

Auckland International Airport (ASX-AIA) chart 23 December 2024Bega Cheese (ASX-BGA) chart 23 December 2024Brainchip (ASX-BRN) chart 23 December 2024Computershare (ASX-CPU) chart 23 December 2024Dalrymple Bay Infrastructure Notes (ASX-DBI) chart 23 December 2024Iperionx (ASX-IPX) chart 23 December 2024Kina Securities (ASX-KSL) chart 23 December 2024News Corporation (ASX-NWS) chart 23 December 2024Origin Energy (ASX-ORG) chart 23 December 2024Redox (ASX-RDX) chart 23 December 2024Singular Health Group (ASX-SHG) chart 23 December 2024Transurban Group (ASX-TCL) chart 23 December 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Alpha HPA

A4N

$0.830

-14.0%

-16.6%

Arafura Rare Earths

ARU

$0.110

-12.0%

-29.0%

Abacus Storage King

ASK

$1.145

-3.4%

+0.4%

Clarity Pharmaceuticals

CU6

$4.22

-25.7%

+155.0%

Dexus Industria Reit.

DXI

$2.60

-2.6%

-9.4%

Emerald Resources

EMR

$3.40

-8.1%

+9.3%

Liontown Resources

LTR

$0.535

-30.5%

-68.2%

WA1 Resources

WA1

$12.48

-21.1%

+47.9%

Today's Downtrends Scan List

Feature Charts from today's Downtrends List πŸ”ŽπŸ“‰

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Alpha HPA (ASX: A4N), Clarity Pharmaceuticals (ASX: CU6), Liontown Resources (ASX: LTR), WA1 Resources (ASX: WA1).

Charts of each below:

Alpha HPA (ASX-A4N) chart 23 December 2024Clarity Pharmaceuticals (ASX-CU6) chart 23 December 2024Liontown Resources (ASX-LTR) chart 23 December 2024WA1 Resources (ASX-WA1) chart 23 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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