Evening Wrap: ASX 200 dips as massive gains in Energy, Gold, Defence, and Critical Minerals stocks save the day
Fri 13 Jun 25, 5:51pm (AEST)
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Technical Analysis
/ChartWatch ASX Scans: Big banks in focus with CBA, MQG, NAB, BOQ, plus Critical Minerals SYR, RNU, PUA
Technical Analysis
ChartWatch ASX Scans: Big banks in focus with CBA, MQG, NAB, BOQ, plus Critical Minerals SYR, RNU, PUA
Fri 16 May 25, 9:15am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Commonwealth Bank (CBA), Cuscal (CCL), Ebos (EBO), Elsight (ELS), Fisher & Paykel Health (FPH), Macquarie (MQG), Peak Minerals (PUA), Renascor Resources (RNU), Syrah Resources (SYR), Technology One (TNE), Xero (XRO).
- Interesting downtrends in today's Scans: Avita Medical (AVH), Bellevue Gold (BGL), Ioneer (INR), IPD Group (IPG), Jumbo Interactive (JIN), Lendlease (LLC), Propel Funeral Partners (PFP), Skycity Entertainment (SKC).
Plenty of quality blue chip stocks to choose from today, although I cannot speak to the quality of their businesses – that's not my department.
I just do charts. More specifically, I do trends.
The trend represents the market consensus, the culmination of all demand and all supply. If a stock has a quality business, then research analysts at the big investing firms will determine this, and tell their firms to bid strongly for the company's shares. These bids become demand.
The supply-side, well, by definition, they've already done the research...that's probably why they bought the company's shares in the first place! If they agree they own a quality business, then they will withhold their shares from the market and create scarcity of supply.
D > S = P ⬆️
That's where my model comes in. So, in many ways, I too aim to buy quality business. I just come at it from a different angle.
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.
Feel free to get your favourite AI to convert the tables below into lists you can upload to your favourite trading platform like TradingView. Then you'll be able to skip from chart to chart and quickly and easily see the best uptrends and downtrends on the ASX.
Some investors prefer to buy those stocks in strong uptrends, and avoid, sell, or short sell those stocks in strong downtrends – but how you use the lists is really up to you!
Note, many stocks in both lists have appeared there many times before. As long as they keep meeting my criteria – they'll keep appearing. But note, there won't be any notifications when they don't, so you'll have to do your own research on when a particular trend changes!
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Australian Finance Group | AFG | $1.940 | +21.6% | +34.7% |
AMA Group | AMA | $0.082 | +28.1% | +91.0% |
BetaShares S&P/ASX Australian Technology ETF | ATEC | $30.25 | +15.5% | +27.4% |
Bank of Queensland | BOQ | $7.64 | +17.5% | +29.1% |
Chrysos Corporation | C79 | $5.00 | +33.0% | -9.9% |
Commonwealth Bank of Australia | CBA | $169.74 | +9.7% | +42.5% |
Cuscal Group | CCL | $2.78 | +14.4% | 0% |
Computershare | CPU | $41.10 | +11.1% | +52.8% |
Catalyst Metals | CYL | $6.54 | +10.3% | +674.0% |
Ebos Group | EBO | $36.64 | +7.9% | +15.1% |
Elsight | ELS | $0.570 | +50.0% | +39.0% |
EVT | EVT | $15.03 | +13.3% | +26.1% |
Fisher & Paykel Healthcare Corporation | FPH | $34.19 | +9.7% | +31.0% |
Genusplus Group | GNP | $3.18 | +23.7% | +77.2% |
Insurance Australia Group | IAG | $8.90 | +16.6% | +42.2% |
Inghams Group | ING | $3.79 | +15.2% | -2.3% |
Magellan High Conviction Trust ETF | MHHT | $1.975 | +11.6% | +5.9% |
Medibank Private | MPL | $4.73 | +7.0% | +27.8% |
Macquarie Group | MQG | $214.48 | +19.8% | +12.8% |
National Australia Bank | NAB | $36.59 | +10.1% | +7.5% |
Objective Corporation | OCL | $17.78 | +20.9% | +43.4% |
Pro Medicus | PME | $271.28 | +33.9% | +139.4% |
Peak Minerals | PUA | $0.019 | +137.5% | +688.2% |
BetaShares Australian Financials Sector ETF | QFN | $16.99 | +11.2% | +23.1% |
Renascor Resources | RNU | $0.078 | +39.3% | -22.0% |
Superloop | SLC | $2.55 | +20.3% | +94.7% |
Smart Parking | SPZ | $0.955 | +23.2% | +117.9% |
Suncorp Group | SUNDD | $20.62 | +9.3% | +28.3% |
Southern Cross Media Group | SXL | $0.750 | +24.0% | -12.8% |
SPDR MSCI Australia Select High Dividend Yield Fund ETF | SYI | $30.12 | +9.3% | +7.0% |
Syrah Resources | SYR | $0.410 | +86.4% | -13.7% |
Tabcorp | TAH | $0.705 | +25.9% | +1.4% |
Technology One | TNE | $32.81 | +18.4% | +99.8% |
Wesfarmers | WES | $83.04 | +13.1% | +21.2% |
Wagners Holding Company | WGN | $1.950 | +23.0% | +128.1% |
Xero | XRO | $182.05 | +17.4% | +48.0% |
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: Commonwealth Bank of Australia (ASX: CBA), Cuscal Group (ASX: CCL), Ebos Group (ASX: EBO), Elsight (ASX: ELS), EVT (ASX: EVT), Fisher & Paykel Healthcare Corporation (ASX: FPH), Genusplus Group (ASX: GNP), Insurance Australia Group (ASX: IAG), Macquarie Group (ASX: MQG), Objective Corporation (ASX: OCL), Peak Minerals (ASX: PUA), Renascor Resources (ASX: RNU), Syrah Resources (ASX: SYR), Technology One (ASX: TNE), Xero (ASX: XRO).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Avita Medical | AVH | $2.11 | -23.6% | -17.3% |
Aurizon | AZJ | $2.97 | -2.3% | -21.4% |
Bellevue Gold | BGL | $0.830 | -25.6% | -54.1% |
Chalice Mining | CHN | $1.025 | +7.3% | -24.9% |
Coronado Global Resources | CRN | $0.190 | -17.4% | -83.3% |
EBR Systems | EBR | $1.090 | -35.5% | +10.4% |
Ioneer | INR | $0.125 | 0% | -40.5% |
IPD Group | IPG | $3.67 | -3.4% | -17.0% |
Iperionx | IPX | $3.11 | +34.6% | +44.0% |
Judo Capital | JDO | $1.390 | -16.3% | +10.8% |
Jumbo Interactive | JIN | $9.80 | -3.4% | -39.3% |
Johns Lyng Group | JLG | $2.26 | +11.9% | -63.0% |
Lendlease Group | LLC | $5.39 | +0.2% | -11.6% |
Propel Funeral Partners | PFP | $4.81 | -7.5% | -13.6% |
Rural Funds Group | RFF | $1.745 | +3.0% | -14.9% |
Skycity Entertainment Group | SKC | $0.920 | -14.0% | -40.8% |
Sovereign Metals | SVM | $0.645 | -1.5% | +26.5% |
Sayona Mining | SYA | $0.016 | -11.1% | -60.0% |
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: Avita Medical (ASX: AVH), Bellevue Gold (ASX: BGL), Ioneer (ASX: INR), IPD Group (ASX: IPG), Jumbo Interactive (ASX: JIN), Lendlease Group (ASX: LLC), Propel Funeral Partners (ASX: PFP), Skycity Entertainment Group (ASX: SKC).
Charts of each below:
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-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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