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Technical Analysis
/ChartWatch ASX Scans: Black Cat Syndicate, Dropsuite, Genesis Minerals, Ioneer, Meeka Metals, Titan Minerals, Yancoal, Droneshield
Technical Analysis
ChartWatch ASX Scans: Black Cat Syndicate, Dropsuite, Genesis Minerals, Ioneer, Meeka Metals, Titan Minerals, Yancoal, Droneshield
Wed 23 Oct 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Black Cat Syndicate (BC8), Dropsuite (DSE), Physical Silver ETF (ETPMAG), Genesis Minerals (GMD), Ioneer (INR), Meeka Metals (MEK), Perenti (PRN), Spartan Resources (SPR), Titan Minerals (TTM), Yancoal (YAL).
- Interesting downtrends in today's Scans: APA (APA), Droneshield (DRO), Data#3 (DTL), Flight Centre (FLT), IPH (IPH), Karoon Energy (KAR), Light & Wonder (LNW), Mineral Resources (MIN), Ramsay Health (RHC), Viva Energy Group (VEA), Woodside Energy (WDS).
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 % |
29METALS | 29M | $0.565 | +37.8% | -6.6% |
Aeris Resources | AIS | $0.250 | +25.0% | +31.1% |
Argent Minerals | ARD | $0.027 | +58.8% | +145.5% |
Autosports Group | ASG | $2.42 | +17.5% | -5.8% |
Ausgold | AUC | $0.580 | +28.9% | +100.0% |
Aurum Resources | AUE | $0.480 | +11.6% | +220.0% |
Auric Mining | AWJ | $0.395 | +23.4% | +690.0% |
Black Cat Syndicate | BC8 | $0.650 | +68.8% | +282.4% |
Capitol Health | CAJ | $0.390 | +16.4% | +100.0% |
Catalyst Metals | CYL | $3.51 | +30.5% | +452.8% |
Dropsuite | DSE | $3.79 | +11.1% | +57.9% |
Global X Physical Silver ETF | ETPMAG | $47.35 | +12.3% | +40.1% |
Evolution Mining | EVN | $5.27 | +20.3% | +46.8% |
Vaneck Gold Miners ETF | GDX | $65.20 | +10.3% | +40.8% |
Genesis Minerals | GMD | $2.49 | +18.0% | +64.9% |
Gold Road Resources | GOR | $1.960 | +17.0% | +4.8% |
Integral Diagnostics | IDX | $3.17 | +14.0% | +17.0% |
Ioneer | INR | $0.290 | +48.7% | +56.8% |
James Bay Minerals | JBY | $0.490 | +237.9% | +24.1% |
Meeka Metals | MEK | $0.074 | +29.8% | +105.6% |
Metro Mining | MMI | $0.054 | +38.5% | +170.0% |
Myer | MYR | $0.975 | +15.4% | +87.5% |
Northern Star Resources | NST | $17.47 | +8.8% | +45.8% |
Praemium | PPS | $0.635 | +18.7% | +15.5% |
Perenti | PRN | $1.185 | +10.7% | +13.9% |
Regis Resources | RRL | $2.76 | +37.3% | +68.3% |
Spartan Resources | SPR | $1.625 | +19.0% | +284.8% |
Titan Minerals | TTM | $0.575 | +32.2% | +66.5% |
Universal Store | UNI | $8.25 | +17.2% | +139.8% |
Yancoal Australia | YAL | $6.46 | +14.7% | +27.2% |
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: Black Cat Syndicate (ASX: BC8), Dropsuite (ASX: DSE), Global X Physical Silver ETF (ASX: ETPMAG), Vaneck Gold Miners ETF (ASX: GDX), Genesis Minerals (ASX: GMD), Ioneer (ASX: INR), Meeka Metals (ASX: MEK), Praemium (ASX: PPS), Perenti (ASX: PRN), Spartan Resources (ASX: SPR), Titan Minerals (ASX: TTM), Yancoal Australia (ASX: YAL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Auckland International Airport | AIA | $6.65 | +0.9% | -9.3% |
Ampol | ALD | $27.86 | -2.9% | -12.1% |
APA Group | APA | $7.10 | -6.0% | -11.3% |
Challenger | CGF | $6.06 | -5.2% | -1.8% |
Dicker Data | DDR | $8.91 | -1.2% | -13.1% |
Droneshield | DRO | $1.015 | -17.1% | +290.4% |
Data#3 | DTL | $7.31 | -4.6% | +4.9% |
Flight Centre Travel Group | FLT | $16.87 | -21.5% | -9.4% |
IPH | IPH | $5.36 | -9.3% | -23.9% |
Jumbo Interactive | JIN | $12.75 | -3.0% | -12.2% |
Karoon Energy | KAR | $1.405 | -8.5% | -47.4% |
Light & Wonder | LNW | $136.45 | -17.3% | +15.6% |
Mineral Resources | MIN | $37.87 | +3.0% | -38.0% |
Monadelphous Group | MND | $12.60 | +2.2% | -11.2% |
Metcash | MTS | $3.33 | -5.7% | -12.4% |
Nine Entertainment | NEC | $1.230 | +0.8% | -38.5% |
Neuren Pharmaceuticals | NEU | $12.55 | -10.0% | +8.2% |
Nufarm | NUF | $3.70 | -3.4% | -21.1% |
Rural Funds Group | RFF | $1.910 | -2.6% | +1.9% |
Ramsay Health Care | RHC | $41.68 | +2.9% | -17.4% |
The Star Entertainment Group | SGR | $0.265 | -46.5% | -65.7% |
Spark New Zealand | SPK | $2.69 | -7.6% | -41.9% |
Santos | STO | $6.92 | -2.4% | -11.8% |
Viva Energy Group | VEA | $2.66 | -8.3% | -5.7% |
Woodside Energy Group | WDS | $24.61 | -1.6% | -32.7% |
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: Ampol (ASX: ALD), APA Group (ASX: APA), Dicker Data (ASX: DDR), Droneshield (ASX: DRO), Data#3 (ASX: DTL), Flight Centre Travel Group (ASX: FLT), IPH (ASX: IPH), Jumbo Interactive (ASX: JIN), Karoon Energy (ASX: KAR), Light & Wonder (ASX: LNW), Mineral Resources (ASX: MIN), Nine Entertainment (ASX: NEC), Neuren Pharmaceuticals (ASX: NEU), Rural Funds Group (ASX: RFF), Ramsay Health Care (ASX: RHC), The Star Entertainment Group (ASX: SGR), Spark New Zealand (ASX: SPK), Viva Energy Group (ASX: VEA), Woodside Energy Group (ASX: WDS).
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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