Technical Analysis

ChartWatch ASX Scans: Botanix Pharma, Droneshield, NEXTDC, Champion Iron, Lynas Rare Earths and Worley

Fri 14 Jun 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Botanix Pharmaceuticals (BOT), Clarity Pharmaceuticals (CU6), Droneshield (DRO), Hub24 (HUB), Medadvisor (MDR), Netwealth (NWL), NEXTDC (NXT), Pro Medicus (PME), Spartan Resources (SPR), and Technology One (TNE)
  • Interesting downtrends in today's Scan Lists: Boss Energy (BOE), Champion Iron (CIA), Calix (CXL), IGO (IGO), Iluka Resources (ILU), Arcadium Lithium (LTM), Magellan Financial Group (MFG), Regis Resources (RRL), and Worley (WOR)

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 %

Ansell

ANN

$25.84

+4.0%

-2.1%

BetaShares Asia Technology Tigers ETF

ASIA

$9.12

+2.4%

+23.7%

BetaShares Australian Tech ETF

ATEC

$24.35

+3.2%

+33.3%

Botanix Pharmaceuticals

BOT

$0.310

+14.8%

+244.4%

Breville Group

BRG

$28.04

+6.1%

+45.0%

Commonwealth Bank

CBA

$125.48

+5.2%

+31.0%

Codan

CDA

$11.39

+6.2%

+53.5%

Coles Group

COL

$17.01

+5.8%

-4.0%

CSL

CSL

$287.96

+3.0%

-5.7%

Clarity Pharmaceuticals

CU6

$5.36

+36.0%

+616.9%

Droneshield

DRO

$1.450

+51.0%

+504.2%

Elsight

ELS

$0.550

+46.7%

+83.3%

Global X Fang+ ETF

FANG

$27.46

+9.2%

+52.2%

Findi

FND

$3.80

+31.5%

+603.7%

Fisher & Paykel Healthcare

FPH

$28.57

+8.6%

+32.9%

GQG Partners Inc.

GQG

$2.71

+11.1%

+83.1%

Gentrack Group

GTK

$9.31

+25.8%

+143.1%

HMC Capital

HMC

$7.37

+7.1%

+66.7%

Hub24

HUB

$44.85

+9.7%

+77.8%

JB HI-FI

JBH

$62.69

+8.6%

+47.9%

Loftus Peak Global Disruption ETF

LPGD

$4.68

+6.6%

+47.2%

Macmahon

MAH

$0.290

+18.4%

+114.8%

Macquarie Technology Group

MAQ

$88.74

-1.4%

+49.0%

Munro Climate Change Leaders ETF

MCCL

$15.31

+7.8%

+57.2%

Medadvisor

MDR

$0.450

+36.4%

+83.7%

Netwealth Group

NWL

$21.75

+8.9%

+68.9%

News Corporation

NWS

$42.42

+7.3%

+47.8%

NEXTDC

NXT

$18.34

+5.8%

+48.5%

Ora Banda Mining

OBM

$0.370

+15.6%

+155.2%

Pacific Current Group

PAC

$10.44

+0.8%

+55.8%

Propel Funeral Partners

PFP

$5.70

+3.1%

+31.3%

Pure Hydrogen Corp

PH2

$0.210

+90.9%

-2.3%

Pro Medicus

PME

$133.22

+17.7%

+111.2%

Polynovo

PNV

$2.36

+5.4%

+50.3%

Pexa Group

PXA

$14.58

0%

+11.6%

Qube

QUB

$3.68

+3.7%

+29.6%

BetaShares Global Robotics and AI ETF

RBTZ

$14.48

+1.5%

+13.7%

REA Group

REA

$192.11

+4.6%

+46.8%

Regis Healthcare

REG

$4.15

+1.7%

+82.0%

Rpmglobal

RUL

$2.68

+10.3%

+86.1%

Global X Semiconductor ETF

SEMI

$18.90

+15.5%

+67.9%

Superloop

SLC

$1.485

+11.2%

+126.7%

Spartan Resources

SPR

$0.845

+33.1%

+431.5%

Sovereign Metals

SVM

$0.580

+11.5%

+31.8%

Technology One

TNE

$18.27

+13.6%

+15.6%

Tuas

TUA

$4.32

+5.4%

+130.4%

BetaShares S&P 500 Yield Maximiser ETF

UMAX

$23.64

+1.5%

+12.1%

Today's Uptrends Scan List

Interesting charts from today's Uptrends List πŸ”ŽπŸ“ˆ

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: BetaShares Asia Technology Tigers ETF (ASX: ASIA), BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC), Botanix Pharmaceuticals (ASX: BOT), Coles Group (ASX: COL), Clarity Pharmaceuticals (ASX: CU6), Droneshield (ASX: DRO), Findi (ASX: FND), Fisher & Paykel Healthcare Corporation (ASX: FPH), Gentrack Group (ASX: GTK), Hub24 (ASX: HUB), Medadvisor (ASX: MDR), Netwealth Group (ASX: NWL), NEXTDC (ASX: NXT), Ora Banda Mining (ASX: OBM), Pro Medicus (ASX: PME), Global X Semiconductor ETF (ASX: SEMI), Spartan Resources (ASX: SPR), Technology One (ASX: TNE), Tuas (ASX: TUA).

Charts of each below:

BetaShares Asia Technology Tigers ETF (ASX-ASIA) chart 13 June 2024BetaShares S&P-ASX Australian Technology ETF (ASX-ATEC) chart 13 June 2024Botanix Pharmaceuticals (ASX-BOT) chart 13 June 2024Clarity Pharmaceuticals (ASX-CU6) chart 13 June 2024Coles Group (ASX-COL) chart 13 June 2024Droneshield (ASX-DRO) chart 13 June 2024Findi (ASX-FND) chart 13 June 2024Fisher & Paykel Healthcare Corporation (ASX-FPH) chart 13 June 2024Gentrack Group (ASX-GTK) chart 13 June 2024Global X Semiconductor ETF (ASX-SEMI) chart 13 June 2024Hub24 (ASX-HUB) chart 13 June 2024Medadvisor (ASX-MDR) chart 13 June 2024Netwealth Group (ASX-NWL) chart 13 June 2024Nextdc (ASX-NXT) chart 13 June 2024Ora Banda Mining (ASX-OBM) chart 13 June 2024Pro Medicus (ASX-PME) chart 13 June 2024Spartan Resources (ASX-SPR) chart 13 June 2024Technology One (ASX-TNE) chart 13 June 2024Tuas (ASX-TUA) chart 13 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Alpha HPA

A4N

$0.820

-13.7%

-26.1%

Australian Ethical Investment

AEF

$4.20

-10.3%

+38.6%

Ampol

ALD

$33.23

-7.7%

+9.4%

Arafura Rare Earths

ARU

$0.170

-8.1%

-50.7%

Aurizon

AZJ

$3.66

-3.2%

+2.5%

Boss Energy

BOE

$4.08

-27.9%

+31.6%

Brainchip

BRN

$0.210

-23.6%

-48.8%

Bluescope Steel

BSL

$20.39

-4.4%

+2.8%

Credit Corp Group

CCP

$14.27

-6.7%

-17.6%

Chalice Mining

CHN

$1.405

-3.4%

-80.4%

Champion Iron

CIA

$6.51

-9.7%

+3.2%

Collins Foods

CKF

$9.16

-3.9%

+12.3%

Charter Hall Social Infrastructure

CQE

$2.43

-4.7%

-17.1%

Charter Hall Retail Reit

CQR

$3.28

-0.9%

-10.9%

Corporate Travel

CTD

$13.21

-12.9%

-33.0%

Calix

CXL

$1.100

-26.4%

-74.5%

Core Lithium

CXO

$0.094

-41.3%

-91.1%

De Grey Mining

DEG

$1.030

-10.0%

-25.6%

Deterra Royalties

DRR

$4.46

-8.4%

-2.2%

Dexus

DXS

$6.61

-5.8%

-18.8%

Elders

ELD

$8.05

-2.8%

+27.4%

EVT

EVT

$11.14

-6.7%

-7.9%

Fletcher Building

FBU

$2.77

+0.7%

-40.9%

Flight Centre Travel

FLT

$19.27

-6.4%

-8.1%

GPT Group

GPT

$4.11

-2.4%

+2.5%

Grange Resources

GRR

$0.325

-21.7%

-39.3%

GWA Group

GWA

$2.26

-9.2%

+26.3%

IGO

IGO

$6.26

-17.6%

-56.6%

Iluka Resources

ILU

$6.65

-13.1%

-43.1%

Imugene

IMU

$0.058

-18.3%

-42.0%

Karoon Energy

KAR

$1.670

-12.3%

-14.6%

Kelsian Group

KLS

$5.00

-10.1%

-28.1%

Lifestyle Communities

LIC

$12.24

-8.2%

-14.6%

Lendlease Group

LLC

$5.54

-9.5%

-21.4%

Arcadium Lithium

LTM

$5.65

-20.1%

0%

Liontown Resources

LTR

$1.085

-21.4%

-61.0%

Lynas Rare Earths

LYC

$6.25

-8.2%

-18.4%

MA Financial Group

MAF

$4.43

-4.5%

-10.9%

Meteoric Resources

MEI

$0.165

-17.5%

-29.8%

Magellan Financial Group

MFG

$8.14

-5.5%

+3.9%

Monadelphous Group

MND

$13.09

-4.0%

+7.0%

Mayne Pharma Group

MYX

$4.48

-32.7%

+13.4%

Novonix

NVX

$0.650

-21.7%

-39.5%

Pilbara Minerals

PLS

$3.32

-16.4%

-30.1%

Patriot Battery Metals

PMT

$0.730

-16.6%

-58.0%

Renascor Resources

RNU

$0.089

-11.0%

-51.9%

Regis Resources

RRL

$1.755

-14.8%

-12.7%

Sims

SGM

$10.47

-2.4%

-30.3%

Smartgroup Corp.

SIQ

$8.11

-3.0%

+9.1%

Spark New Zealand

SPK

$3.75

-4.6%

-19.4%

Sayona Mining

SYA

$0.037

-19.6%

-79.4%

Syrah Resources

SYR

$0.400

-16.7%

-54.9%

Terracom

TER

$0.215

-6.5%

-54.3%

Viva Energy Group

VEA

$3.27

-4.4%

+8.3%

Weebit Nano

WBT

$2.30

-11.9%

-64.8%

Wildcat Resources

WC8

$0.330

-41.6%

+200.0%

Worley

WOR

$14.22

-6.7%

-13.5%

Waypoint Reit

WPR

$2.31

-3.8%

-14.8%

Today's Downtrends Scan List

Interesting charts from today's Downtrends List πŸ”ŽπŸ“‰

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Ampol (ASX: ALD), Boss Energy (ASX: BOE), Champion Iron (ASX: CIA), Calix (ASX: CXL), IGO (ASX: IGO), Iluka Resources (ASX: ILU), Kelsian Group (ASX: KLS), Lendlease Group (ASX: LLC), Arcadium Lithium (ASX: LTM), Magellan Financial Group (ASX: MFG), Mayne Pharma Group (ASX: MYX), Regis Resources (ASX: RRL), Worley (ASX: WOR).

Charts of each below:

Ampol (ASX-ALD) chart 13 June 2024Arcadium Lithium (ASX-LTM) chart 13 June 2024Boss Energy (ASX-BOE) chart 13 June 2024Calix (ASX-CXL) chart 13 June 2024Champion Iron (ASX-CIA) chart 13 June 2024IGO (ASX-IGO) chart 13 June 2024Iluka Resources (ASX-ILU) chart 13 June 2024Kelsian Group (ASX-KLS) chart 13 June 2024Lendlease Group (ASX-LLC) chart 13 June 2024Magellan Financial Group (ASX-MFG) chart 13 June 2024Mayne Pharma Group (ASX-MYX) chart 13 June 2024Regis Resources (ASX-RRL) chart 13 June 2024Worley (ASX-WOR) chart 13 June 2024

ChartWatch ASX Scans Criteria

Criteria for Uptrends List

  • Short term uptrend (ST trend ribbon is light green)

  • Long term uptrend or long term trend is transitioning from down to up (LT trend ribbon is dark green, or LT trend ribbon is amber and contracting)

  • Demand-side price action (rising peaks and rising troughs is preferred, but based upon weight of evidence of other criteria rising peaks only or rising troughs only may be permitted)

  • Predominance of demand-side candles (i.e., white bodies and or downward pointing shadows)

  • The last candle in particular is a strong demand-side candle

Criteria for Downtrends List

  • Short term downtrend (ST trend ribbon is light pink)

  • Long term downtrend or long term trend is transitioning from up to down (LT trend ribbon is dark pink, or LT trend ribbon is amber and contracting)

  • Supply-side price action (falling peaks and falling troughs is preferred, but based upon weight of evidence of other criteria falling peaks only or falling troughs only may be permitted)

  • Predominance of supply-side candles (i.e., black bodies and or upward pointing shadows)

  • The last candle in particular is a strong supply-side candle


Important considerations when using the ChartWatch ASX Scan Lists:
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.

 

Written By

Carl Capolingua

Content Editor

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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