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Technical Analysis
/ChartWatch ASX Scans: BHP, Boss Energy, Chalice Mining, IGO, Karoon Energy, Mineral Resources, Pilbara Minerals, Santos, Wildcat Resources
Technical Analysis
ChartWatch ASX Scans: BHP, Boss Energy, Chalice Mining, IGO, Karoon Energy, Mineral Resources, Pilbara Minerals, Santos, Wildcat Resources
Wed 27 Nov 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Betmakers Technology (BET), Brightstar Resources (BTR), Gentrack (GTK), Iperionx (IPX), Myer (MYR), Pinnacle Investment Management Group (PNI).
- Interesting downtrends in today's Scans: Arafura Rare Earths (ARU), BHP (BHP), Boss Energy (BOE), Chalice Mining (CHN), IGO (IGO), Karoon Energy (KAR), MinRes (MIN), Pilbara Minerals (PLS), Patriot Batt. Metals (PMT), Santos (STO), 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 % |
Betmakers Technology Group | BET | $0.135 | +48.4% | +58.8% |
Brightstar Resources | BTR | $0.026 | +15.6% | +100.0% |
Car Group | CAR | $41.78 | +11.5% | +49.7% |
Emeco | EHL | $0.870 | +10.1% | +51.3% |
Echoiq | EIQ | $0.255 | +10.9% | +50.0% |
Goodman Group | GMG | $38.16 | +6.5% | +66.5% |
GR Engineering Services | GNG | $2.28 | +6.5% | +1.8% |
Gentrack Group | GTK | $12.04 | +35.3% | +153.5% |
Guzman y Gomez | GYG | $40.54 | +3.3% | 0% |
Hansen Technologies | HSN | $5.70 | +14.2% | +5.6% |
Iperionx | IPX | $4.48 | +40.0% | +198.7% |
Myer | MYR | $1.025 | +5.7% | +99.0% |
News Corporation | NWS | $49.60 | +17.9% | +43.4% |
Pinnacle Investment Management Group | PNI | $24.40 | +26.3% | +169.3% |
REA Group | REA | $251.03 | +8.2% | +59.5% |
Sonic Healthcare | SHL | $28.68 | +3.7% | -0.4% |
Smart Parking | SPZ | $0.930 | +50.0% | +165.7% |
Telix Pharmaceuticals | TLX | $23.60 | +10.0% | +158.2% |
Tuas | TUA | $5.46 | +4.0% | +127.5% |
XRF Scientific | XRF | $1.800 | +9.8% | +57.9% |
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), Brightstar Resources (ASX: BTR), Gentrack Group (ASX: GTK), Iperionx (ASX: IPX), Myer (ASX: MYR), Pinnacle Investment Management Group (ASX: PNI).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Arafura Rare Earths | ARU | $0.120 | -22.6% | -38.5% |
Aurizon | AZJ | $3.40 | -1.7% | -5.6% |
Bapcor | BAP | $4.52 | -3.4% | -18.3% |
BHP Group | BHP | $39.86 | -7.2% | -15.5% |
Boss Energy | BOE | $2.93 | -14.1% | -30.9% |
Beach Energy | BPT | $1.240 | -2.4% | -17.9% |
Chalice Mining | CHN | $1.330 | -32.1% | -16.4% |
Centuria Industrial Reit | CIP | $2.98 | -3.6% | -1.3% |
Cromwell Property Group | CMW | $0.380 | -8.4% | -6.2% |
Dicker Data | DDR | $8.38 | -3.7% | -25.4% |
Droneshield | DRO | $0.720 | -25.4% | +108.7% |
Deterra Royalties | DRR | $3.65 | -3.2% | -27.0% |
Develop Global | DVP | $1.950 | -20.7% | -35.2% |
IGO | IGO | $4.79 | -10.5% | -44.9% |
IPH | IPH | $4.98 | -8.5% | -26.7% |
Karoon Energy | KAR | $1.315 | -4.7% | -38.0% |
Meteoric Resources | MEI | $0.095 | -9.5% | -57.8% |
Mineral Resources | MIN | $33.38 | -3.3% | -47.5% |
Neuren Pharmaceuticals | NEU | $12.32 | -2.3% | -16.6% |
New Hope Corporation | NHC | $4.64 | -6.6% | -12.8% |
NIB | NHF | $5.56 | -5.9% | -26.4% |
Nextdc | NXT | $15.95 | -3.3% | +23.5% |
Pilbara Minerals | PLS | $2.47 | -12.7% | -31.8% |
Patriot Battery Metals | PMT | $0.245 | -37.2% | -76.2% |
Smartgroup Corporation | SIQ | $7.82 | -1.0% | -6.9% |
Spark New Zealand | SPK | $2.60 | -3.3% | -44.6% |
Santos | STO | $6.57 | -4.6% | -6.1% |
Syrah Resources | SYR | $0.215 | -24.6% | -68.7% |
TPG Telecom | TPG | $4.35 | -3.5% | -6.9% |
Wildcat Resources | WC8 | $0.250 | -25.4% | -70.9% |
Woodside Energy Group | WDS | $24.40 | +0.5% | -22.5% |
Worley | WOR | $13.98 | -1.1% | -19.1% |
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: Arafura Rare Earths (ASX: ARU), BHP Group (ASX: BHP), Boss Energy (ASX: BOE), Chalice Mining (ASX: CHN), IGO (ASX: IGO), Karoon Energy (ASX: KAR), Mineral Resources (ASX: MIN), NIB (ASX: NHF), Pilbara Minerals (ASX: PLS), Patriot Battery Metals (ASX: PMT), Spark New Zealand (ASX: SPK), Santos (ASX: STO), TPG Telecom (ASX: TPG), Wildcat Resources (ASX: WC8), Worley (ASX: WOR).
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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