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Technical Analysis
/ChartWatch ASX Scans: Betmakers, Perenti, Silex Systems, Sovereign Metals, SRG Global, Chalice Mining, Champion Iron, IGO, NIB
Technical Analysis
ChartWatch ASX Scans: Betmakers, Perenti, Silex Systems, Sovereign Metals, SRG Global, Chalice Mining, Champion Iron, IGO, NIB
Thu 21 Nov 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Betmakers (BET), Catapult (CAT), Generation Development (GDG), Pointsbet (PBH), Pro Medicus (PME), Perenti (PRN), Rpmglobal (RUL), Shape Australia (SHA), Silex (SLX), Block (SQ2), SRG (SRG), Sovereign Metals (SVM).
- Interesting downtrends in today's Scans: BHP (BHP), Chalice Mining (CHN), Champion Iron (CIA), Coronado Resources (CRN), Cettire (CTT), Droneshield (DRO), Elders (ELD), Graincorp (GNC), IGO (IGO), NIB (NHF).
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 % |
AMA Group | AMA | $0.069 | +9.5% | -4.7% |
Betmakers Technology | BET | $0.115 | +36.9% | +30.7% |
Catapult International | CAT | $3.49 | +37.4% | +229.2% |
Cobram Estate Olives | CBO | $2.00 | +8.1% | +41.3% |
BetaShares Crypto Innovators ETF | CRYP | $7.83 | +36.4% | +156.7% |
Global Data Centre Group | GDC | $1.425 | +14.9% | +76.4% |
Generation Development Group | GDG | $3.82 | +11.0% | +150.0% |
Iperionx | IPX | $4.04 | +27.8% | +167.6% |
Munro Climate Change Leaders ETF | MCCL | $17.27 | +3.4% | +79.0% |
Mirrabooka Investments | MIR | $3.43 | +0.9% | +22.1% |
Ordell Minerals | ORD | $0.360 | +50.0% | 0% |
Pointsbet | PBH | $0.980 | +46.3% | +140.1% |
Pro Medicus | PME | $214.62 | +14.5% | +145.2% |
Perenti | PRN | $1.245 | +5.1% | +23.3% |
Regal Partners | RPL | $4.15 | +9.5% | +82.0% |
Rpmglobal | RUL | $3.13 | +5.4% | +101.3% |
Ricegrowers | SGLLV | $9.71 | +5.5% | +65.6% |
Shape Australia | SHA | $2.89 | +9.1% | +80.6% |
Silex Systems | SLX | $6.03 | +16.9% | +78.9% |
Block | SQ2 | $141.89 | +28.4% | +63.4% |
SRG Global | SRG | $1.335 | +19.2% | +102.3% |
Sovereign Metals | SVM | $0.790 | +17.9% | +83.7% |
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: Betmakers Technology Group (ASX: BET), Catapult Group International (ASX: CAT), Generation Development Group (ASX: GDG), Pointsbet (ASX: PBH), Pro Medicus (ASX: PME), Perenti (ASX: PRN), Regal Partners (ASX: RPL), Rpmglobal (ASX: RUL), Shape Australia Corporation (ASX: SHA), Silex Systems (ASX: SLX), Block (ASX: SQ2), SRG Global (ASX: SRG), Sovereign Metals (ASX: SVM).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Atlas Arteria | ALX | $4.81 | -3.8% | -20.1% |
Arafura Rare Earths | ARU | $0.130 | -21.2% | -31.6% |
Aurizon | AZJ | $3.41 | -1.2% | -6.3% |
Bapcor | BAP | $4.56 | -6.6% | -19.9% |
BHP Group | BHP | $40.08 | -4.9% | -14.0% |
Brickworks | BKW | $26.34 | -5.0% | +2.0% |
Bannerman Energy | BMN | $2.78 | -15.5% | +4.9% |
Boss Energy | BOE | $3.04 | -16.7% | -25.9% |
Challenger | CGF | $6.16 | +1.7% | +6.9% |
Chalice Mining | CHN | $1.390 | -28.0% | -17.8% |
Champion Iron | CIA | $5.33 | -13.9% | -32.1% |
Centuria Industrial Reit | CIP | $2.98 | -5.7% | -2.9% |
Cromwell Property | CMW | $0.395 | -10.2% | -8.1% |
Charter Hall Retail Reit | CQR | $3.40 | -1.2% | +3.0% |
Coronado Global | CRN | $0.940 | -12.6% | -39.6% |
Cettire | CTT | $1.270 | -43.6% | -57.5% |
Dicker Data | DDR | $8.58 | -3.7% | -23.8% |
Droneshield | DRO | $0.755 | -25.6% | +143.5% |
Dexus | DXS | $6.83 | -6.3% | -4.5% |
Elders | ELD | $7.47 | -11.8% | +2.7% |
Fortescue | FMG | $17.75 | -9.1% | -29.6% |
Graincorp | GNC | $7.99 | -12.1% | +4.8% |
IDP Education | IEL | $13.18 | -3.9% | -44.6% |
IGO | IGO | $4.96 | -5.7% | -44.3% |
Iluka Resources | ILU | $5.49 | -8.2% | -25.8% |
Imugene | IMU | $0.040 | -20.0% | -55.1% |
Karoon Energy | KAR | $1.365 | -2.8% | -33.4% |
Kelsian Group | KLS | $3.87 | -5.8% | -40.4% |
Lovisa | LOV | $27.16 | -10.7% | +46.6% |
Liontown Resources | LTR | $0.805 | -5.3% | -45.6% |
Mineral Resources | MIN | $34.71 | -8.3% | -45.3% |
Metcash | MTS | $3.08 | -7.5% | -18.1% |
Nick Scali | NCK | $13.84 | -3.3% | +16.5% |
NIB | NHF | $5.64 | -5.2% | -25.1% |
OFX Group | OFX | $1.340 | -2.2% | -7.6% |
Pilbara Minerals | PLS | $2.89 | +4.0% | -18.8% |
Patriot Battery Metals | PMT | $0.275 | -32.9% | -73.6% |
Reece | REH | $24.22 | -8.3% | +24.5% |
Region Group | RGN | $2.13 | -6.2% | -0.9% |
Select Harvests | SHV | $3.58 | -8.9% | -18.5% |
Smartgroup Corporation | SIQ | $7.80 | -3.8% | -6.3% |
Skycity Entertainment | SKC | $1.255 | +3.7% | -21.8% |
Spark New Zealand | SPK | $2.73 | +1.5% | -40.7% |
Wildcat Resources | WC8 | $0.270 | -26.0% | -66.7% |
Worley | WOR | $14.15 | -2.8% | -18.0% |
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: BHP Group (ASX: BHP), Chalice Mining (ASX: CHN), Champion Iron (ASX: CIA), Coronado Global Resources (ASX: CRN), Cettire (ASX: CTT), Droneshield (ASX: DRO), Elders (ASX: ELD), Graincorp (ASX: GNC), IGO (ASX: IGO), NIB (ASX: NHF).
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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