Evening Wrap: ASX 200 closes lower to bookend losing week; miners (rare earths) the bright spot
Fri 11 Jul 25, 5:00pm (AEST)
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Technical Analysis
/ChartWatch ASX Scans: Breville, DUG Technology, Elixir Energy, JB HI-FI, Lovisa, Grange Resources, Viva Energy, Worley
Technical Analysis
ChartWatch ASX Scans: Breville, DUG Technology, Elixir Energy, JB HI-FI, Lovisa, Grange Resources, Viva Energy, Worley
Mon 26 Aug 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Andean Silver (ASL), Breville (BRG), Codan (CDA), DUG Technology (DUG), Elixir Energy (EXR), JB HI-FI (JBH), Judo Capital (JDO), Lovisa (LOV), Larvotto Resources (LRV, Santana Minerals (SMI), Wesfarmers (WES)
- Interesting downtrends in today's Scans: Domain Australia (DHG), Grange Resources (GRR), Inghams (ING), Jumbo Interactive (JIN), OOH!Media (OML), Paladin Energy (PDN), Stanmore Resources (SMR), Tabcorp (TAH), Viva Energy (VEA), 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 % |
|---|---|---|---|---|
Amcor | AMC | $16.36 | +6.9% | +11.7% |
Ansell | ANN | $29.43 | +9.9% | +27.5% |
Andean Silver | ASL | $0.850 | +13.3% | +203.6% |
Biome Australia | BIO | $0.550 | +4.8% | +292.9% |
Breville Group | BRG | $33.16 | +20.5% | +35.5% |
Codan | CDA | $14.87 | +19.0% | +86.8% |
Charter Hall Long Wale Reit | CLW | $3.79 | +11.8% | +8.0% |
Coles Group | COL | $18.57 | +4.6% | +16.0% |
Cedar Woods Properties | CWP | $5.54 | +14.2% | +2.8% |
DUG Technology | DUG | $3.18 | +21.4% | +114.9% |
Diversified United Investment | DUI | $5.34 | +5.3% | +7.4% |
Endeavour Group | EDV | $5.53 | +3.6% | +1.3% |
Environmental Group (The) | EGL | $0.365 | +4.3% | +65.9% |
Electro Optic Systems | EOS | $1.810 | -4.0% | +72.4% |
Evolution Mining | EVN | $4.33 | +9.3% | +29.6% |
Elixir Energy | EXR | $0.180 | +56.5% | +104.5% |
BetaShares Australian Sustainability Leaders ETF | FAIR | $20.50 | +5.4% | +11.8% |
Findi | FND | $4.08 | +5.7% | +837.9% |
Fisher & Paykel Healthcare Corporation | FPH | $32.83 | +12.2% | +59.7% |
Guzman y Gomez | GYG | $34.71 | +27.1% | 0% |
Harvey Norman | HVN | $4.99 | +9.7% | +31.7% |
Insurance Australia Group | IAG | $7.45 | +4.2% | +30.0% |
JB HI-FI | JBH | $77.47 | +17.5% | +67.7% |
Judo Capital | JDO | $1.630 | +25.4% | +34.7% |
Lovisa | LOV | $37.48 | +12.1% | +64.5% |
Larvotto Resources | LRV | $0.400 | +247.8% | +193.7% |
LTR Pharma | LTP | $1.800 | +130.8% | 0% |
MA Financial Group | MAF | $5.15 | +16.0% | +19.8% |
Macquarie Group | MQG | $211.24 | +4.8% | +23.5% |
Myer | MYR | $0.835 | +1.8% | +33.6% |
Nick Scali | NCK | $15.52 | +5.9% | +27.6% |
Northern Star Resources | NST | $15.11 | +5.7% | +44.0% |
Pro Medicus | PME | $151.49 | +11.9% | +108.3% |
Premier Investments | PMV | $35.18 | +11.3% | +37.8% |
Qantas Airways | QAN | $6.28 | +4.1% | +0.8% |
St Barbara | SBM | $0.260 | +20.9% | +26.8% |
Santana Minerals | SMI | $1.670 | +48.4% | +190.4% |
Supply Network | SNL | $26.81 | +21.8% | +89.7% |
Super Retail Group | SUL | $17.87 | +18.2% | +38.8% |
Telstra Group | TLS | $4.03 | +4.9% | -1.7% |
Technology One | TNE | $23.28 | +20.7% | +56.0% |
Wesfarmers | WES | $76.16 | +8.5% | +56.9% |
Woolworths Group | WOW | $35.91 | +4.2% | -0.9% |
XRF Scientific | XRF | $1.525 | -1.6% | +40.6% |
Zip Co. | ZIP | $2.23 | +23.2% | +519.4% |
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: Amcor (ASX: AMC), Andean Silver (ASX: ASL), Breville Group (ASX: BRG), Codan (ASX: CDA), Cedar Woods Properties (ASX: CWP), DUG Technology (ASX: DUG), Diversified United Investment (ASX: DUI), Elixir Energy (ASX: EXR), Fisher & Paykel Healthcare Corporation (ASX: FPH), JB HI-FI (ASX: JBH), Judo Capital (ASX: JDO), Lovisa (ASX: LOV), Larvotto Resources (ASX: LRV), MA Financial Group (ASX: MAF), Premier Investments (ASX: PMV), Santana Minerals (ASX: SMI), Supply Network (ASX: SNL), Wesfarmers (ASX: WES), Woolworths Group (ASX: WOW).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Domain Australia | DHG | $2.79 | -8.8% | -25.0% |
EVT | EVT | $11.03 | +1.7% | -7.3% |
Grange Resources | GRR | $0.275 | -16.7% | -47.6% |
Inghams Group | ING | $3.09 | -14.4% | -9.9% |
Jumbo Interactive | JIN | $13.40 | -16.0% | -7.8% |
Kelsian Group | KLS | $5.01 | -0.4% | -24.4% |
Mineral Resources | MIN | $44.81 | -13.6% | -30.5% |
Novonix | NVX | $0.610 | -11.6% | -43.5% |
Nexgen Energy | NXG | $8.64 | -10.1% | +7.9% |
OOH!Media | OML | $1.290 | -9.2% | -11.9% |
Paladin Energy | PDN | $9.73 | -14.2% | +23.2% |
The Star Entertainment Group | SGR | $0.495 | 0% | -48.5% |
Smartgroup Corporation | SIQ | $8.15 | -1.1% | -6.4% |
Skycity Entertainment Group | SKC | $1.385 | +1.1% | -31.4% |
Stanmore Resources | SMR | $3.13 | -15.6% | +11.9% |
Santos | STO | $7.37 | -3.7% | -5.6% |
Tabcorp | TAH | $0.550 | -17.3% | -47.6% |
Terracom | TER | $0.185 | -9.8% | -61.5% |
Talga Group | TLG | $0.395 | -9.2% | -68.7% |
Viva Energy Group | VEA | $3.05 | +1.0% | -1.6% |
Vulcan Energy Resources | VUL | $3.76 | -15.9% | +12.6% |
Weebit Nano | WBT | $2.05 | -11.6% | -58.2% |
Whitehaven Coal | WHC | $7.10 | -8.6% | -3.3% |
Worley | WOR | $14.12 | -5.4% | -18.2% |
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: Domain Australia (ASX: DHG), Grange Resources (ASX: GRR), Inghams Group (ASX: ING), Jumbo Interactive (ASX: JIN), OOH!Media (ASX: OML), Paladin Energy (ASX: PDN), Stanmore Resources (ASX: SMR), Tabcorp (ASX: TAH), Viva Energy Group (ASX: VEA), Worley (ASX: WOR).
Charts of each below:
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.
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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