ChartWatch ASX Scans: Blue-Chip brilliance in CBA, JBH, NST and TPG vs ongoing doldrums in ANN, APX and KAR
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
Source: Shutterstock
Mentioned
KEY POINTS
- Interesting uptrends in today's Scans: Barton Gold (BGD), Commonwealth Bank (CBA), Catalyst Metals (CYL), Evolution Mining (EVN), JB HI-FI (JBH), Kalgoorlie Gold Mining (KAL), Many Peaks Minerals (MPK), Northern Star (NST), Stealth Group (SGI), TPG (TPG).
- Interesting downtrends in today's Scans: Ansell (ANN), Appen (APX), Karoon Energy (KAR), Lindsay Australia (LAU).
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.
Some stocks just keep on keeping on. Through bull and bear, FOMO and panic. This has to be a significant vote of confidence in their business model, and for investors, a big tick in the sleep at night box.
In today's Uptrends Scan List, blue-chip proponents of market-beating strength include Commonwealth Bank of Australia (CBA), JB HI-FI (JBH), Northern Star Resources (NST), and TPG Telecom (TPG). Each showed relatively mild pullbacks during the recent market chaos and each is rebounding strongly.
There were few in the Downtrends Scan List today – the smallest list in many, many weeks! Hopefully this is a good sign of what's to come (because this list numbered in excess of triple digits not that long ago!).
I do note, however, serial underperformers like Appen (APX), Karoon Energy (KAR), Lindsay Australia (LAU) remain in mired in short and long term downtrends. They are joined today by recent entrant, a not that long ago blue-chip-but-now-victim of President Trump's tariffs, Ansell (ANN).
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 % |
|---|---|---|---|---|
Eagers Automotive | APE | $17.25 | +15.1% | +30.8% |
Austal | ASB | $4.69 | +20.3% | +95.4% |
Abacus Storage King | ASK | $1.460 | +28.6% | +25.3% |
Antipa Minerals | AZY | $0.515 | +9.6% | +296.2% |
Barton Gold | BGD | $0.435 | +47.5% | +55.4% |
Commonwealth Bank of Australia | CBA | $157.29 | +10.5% | +35.3% |
Catalyst Metals | CYL | $6.49 | +57.9% | +827.1% |
Evolution Mining | EVN | $7.90 | +16.9% | +98.5% |
Gold Road Resources | GOR | $3.09 | +17.0% | +69.8% |
Helia Group | HLI | $4.53 | -9.6% | +30.5% |
JB HI-FI | JBH | $97.28 | +10.5% | +56.1% |
Kalgoorlie Gold Mining | KAL | $0.078 | +21.9% | +290.0% |
Many Peaks Minerals | MPK | $0.490 | +63.3% | +226.7% |
MTM Critical Metals | MTM | $0.205 | +28.1% | +220.3% |
Newmont Corporation | NEM | $87.04 | +18.5% | +44.4% |
Northern Star Resources | NST | $21.65 | +21.2% | +41.5% |
Stealth Group | SGI | $0.870 | +34.9% | +222.2% |
Select Harvests | SHV | $5.26 | +16.9% | +26.0% |
TPG Telecom | TPG | $4.99 | +10.4% | +16.0% |
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: Barton Gold (ASX: BGD), Commonwealth Bank of Australia (ASX: CBA), Catalyst Metals (ASX: CYL), Evolution Mining (ASX: EVN), JB HI-FI (ASX: JBH), Kalgoorlie Gold Mining (ASX: KAL), Many Peaks Minerals (ASX: MPK), Northern Star Resources (ASX: NST), Stealth Group (ASX: SGI), TPG Telecom (ASX: TPG).
Charts of each below:
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Ansell | ANN | $29.03 | -13.3% | +11.7% |
Appen | APX | $0.880 | -29.6% | +5.4% |
Elanor Commercial Property Fund | ECF | $0.550 | -8.3% | -18.9% |
Karoon Energy | KAR | $1.225 | -21.5% | -47.0% |
Lindsay Australia | LAU | $0.630 | -9.4% | -41.4% |
Metals Acquisition | MAC | $13.31 | -19.8% | -36.9% |
Skycity Entertainment Group | SKC | $1.075 | -5.7% | -38.2% |
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: Ansell (ASX: ANN), Appen (ASX: APX), Karoon Energy (ASX: KAR), Lindsay Australia (ASX: LAU).
Charts of each below:
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
%20daily%20chart%2014%20April%202025.png)
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.
