Technical Analysis

ChartWatch ASX Scans: Calima Energy, Electro Optic Systems, Jumbo Interactive, Domino's Pizza, Evolution Mining, TPG Telecom

Thu 27 Jun 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Codan (CDA), Calima Energy (CE1), Electro Optic Systems (EOS), Findi (FND), Integrated Research (IRI), Jumbo Interactive (JIN), Macquarie Technology (MAQ), Macquarie Group (MQG), and Telix Pharmaceuticals (TLX)
  • Interesting downtrends in today's Scan Lists: Collins Foods (CKF), Cettire (CTT), Domino's Pizza (DMP), Evolution Mining (EVN), Monash IVF (MVF), Northern Star Resources (NST), Ramsay Health Care (RHC), Regis Resources (RRL), and TPG Telecom (TPG)

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 %

AGL Energy

AGL

$10.70

+2.1%

-3.3%

Aristocrat Leisure

ALL

$50.02

+11.0%

+31.5%

Bendigo and Adelaide Bank

BEN

$11.64

+6.1%

+38.1%

Biome Australia

BIO

$0.540

+68.8%

+671.4%

Bisalloy Steel Group

BIS

$3.97

+2.9%

+125.8%

Capitol Health

CAJ

$0.305

+24.5%

+10.9%

Catapult Group International

CAT

$1.885

+20.1%

+103.8%

Codan

CDA

$11.78

+8.3%

+59.2%

Calima Energy

CE1

$0.010

+188.9%

+278.8%

Coles Group

COL

$17.19

+5.2%

-6.6%

Clarity Pharmaceuticals

CU6

$5.09

+14.1%

+585.3%

Dalrymple Bay Infrastructure/Notes

DBI

$2.96

+0.7%

+10.9%

Droneshield

DRO

$1.565

+63.0%

+566.0%

BetaShares Global Healthcare Hedged ETF

DRUG

$8.86

+2.4%

+13.4%

DUG Technology

DUG

$2.73

+2.2%

+141.6%

Diversified United Investment

DUI

$5.30

+3.9%

+7.7%

Dexus Convenience Retail Reit

DXC

$2.79

+3.3%

+9.4%

Electro Optic Systems

EOS

$1.555

+12.3%

+75.7%

Findi

FND

$4.70

+41.6%

+754.5%

Global Data Centre Group

GDC

$3.19

+10.0%

+94.5%

Genusplus Group

GNP

$1.955

+8.6%

+88.0%

GQG Partners

GQG

$2.75

+10.4%

+103.7%

BetaShares Japan ETF-Currency Hedged ETF

HJPN

$21.47

+1.4%

+27.3%

Healius

HLS

$1.480

+13.8%

-50.6%

iShares Asia 50 ETF

IAA

$101.76

+1.2%

+13.3%

Immutep

IMM

$0.435

-4.6%

+48.8%

Integrated Research

IRI

$0.890

+21.9%

+158.0%

Jumbo Interactive

JIN

$17.65

+4.9%

+25.9%

LGI

LGI

$3.00

+3.4%

+39.5%

Macmahon

MAH

$0.290

+1.8%

+114.8%

Macquarie Technology Group

MAQ

$92.89

+8.9%

+42.2%

Medadvisor

MDR

$0.490

+14.0%

+122.7%

MFF Capital Investments

MFF

$3.72

+5.7%

+45.3%

Metro Mining

MMI

$0.047

+9.3%

+123.8%

Macquarie Group

MQG

$203.73

+5.2%

+17.9%

Navigator Global Investments

NGI

$2.04

+10.9%

+69.9%

Netwealth Group

NWL

$22.21

+9.1%

+63.5%

Nuix

NXL

$2.98

-0.3%

+259.0%

OFX Group

OFX

$2.19

+3.8%

+15.9%

Origin Energy

ORG

$10.83

+3.7%

+28.0%

Paragon Care

PGC

$0.430

+14.7%

+83.0%

Plenti Group

PLT

$0.800

+6.7%

+107.8%

Pinnacle Investment Management Group

PNI

$14.25

+6.4%

+53.2%

Polynovo

PNV

$2.42

+14.7%

+72.2%

PYC Therapeutics

PYC

$0.125

+8.7%

+130.0%

Regal Investment Fund

RF1

$3.34

+0.9%

+22.8%

SG Fleet Group

SGF

$3.19

+6.7%

+45.0%

Superloop

SLC

$1.555

+8.4%

+148.8%

Spartan Resources

SPR

$0.900

+25.0%

+403.2%

Service Stream

SSM

$1.275

+5.4%

+58.4%

Suncorp Group

SUN

$16.97

+5.5%

+25.9%

Telix Pharmaceuticals

TLX

$18.91

+22.2%

+51.3%

Treasury Wine Estates

TWE

$12.51

+8.7%

+9.6%

Webjet

WEB

$8.95

+1.9%

+31.8%

Westgold Resources

WGX

$2.51

+15.7%

+86.6%

Xero

XRO

$134.42

+0.3%

+20.7%

Yancoal Australia

YAL

$6.29

-2.0%

+43.6%

Zip Co.

ZIP

$1.410

+12.4%

+224.1%

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: Bendigo and Adelaide Bank (ASX: BEN), Codan (ASX: CDA), Calima Energy (ASX: CE1), BetaShares Global Healthcare Hedged ETF (ASX: DRUG), Electro Optic Systems (ASX: EOS), Findi (ASX: FND), Genusplus Group (ASX: GNP), iShares Asia 50 ETF (ASX: IAA), Integrated Research (ASX: IRI), Jumbo Interactive (ASX: JIN), Macquarie Technology Group (ASX: MAQ), MFF Capital Investments (ASX: MFF), Macquarie Group (ASX: MQG), Telix Pharmaceuticals (ASX: TLX).

Charts of each below:

Bendigo and Adelaide Bank (ASX-BEN) chart 25 June 2024Codan (ASX-CDA) chart 25 June 2024Calima Energy (ASX-CE1) chart 25 June 2024BetaShares Global Healthcare Hedged ETF (ASX-DRUG) chart 25 June 2024Electro Optic Systems (ASX-EOS) chart 25 June 2024Findi (ASX-FND) chart 25 June 2024Genusplus Group (ASX-GNP) chart 25 June 2024iShares Asia 50 ETF (ASX-IAA) chart 25 June 2024Integrated Research (ASX-IRI) chart 25 June 2024Jumbo Interactive (ASX-JIN) chart 25 June 2024Macquarie Technology Group (ASX-MAQ) chart 25 June 2024MFF Capital Investments (ASX-MFF) chart 25 June 2024Macquarie Group (ASX-MQG) chart 25 June 2024Telix Pharmaceuticals (ASX-TLX) chart 25 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Audinate Group

AD8

$16.14

+1.0%

+67.4%

Australian Finance Group

AFG

$1.370

-6.8%

-16.5%

Ampol

ALD

$32.49

-8.6%

+10.7%

Eagers Automotive

APE

$10.38

-1.3%

-18.6%

Arafura Rare Earths

ARU

$0.175

-12.5%

-45.3%

Aurizon

AZJ

$3.64

-2.2%

-5.2%

Brickworks

BKW

$26.68

+1.3%

-2.1%

Centuria Industrial Reit

CIP

$3.09

-3.4%

+2.0%

Collins Foods

CKF

$9.11

-3.9%

+14.7%

Charter Hall Long Wale Reit

CLW

$3.38

-3.2%

-13.3%

Centuria Office Reit

COF

$1.170

-4.5%

-14.9%

Charter Hall Social Infrastructure Reit

CQE

$2.44

-2.8%

-13.8%

Charter Hall Retail Reit

CQR

$3.32

-1.5%

-7.0%

Coronado Global Resources

CRN

$1.165

+4.5%

-22.3%

Cettire

CTT

$1.055

-59.7%

-58.6%

Domino's Pizza Enterprises

DMP

$36.49

-1.4%

-16.1%

Develop Global

DVP

$2.15

-6.9%

-38.9%

Ebos Group

EBO

$29.65

-9.3%

-11.5%

Evolution Mining

EVN

$3.39

-13.7%

+2.4%

Fletcher Building

FBU

$2.65

-7.0%

-44.1%

GDI Property Group

GDI

$0.580

-4.1%

-12.1%

Growthpoint Properties Australia

GOZ

$2.32

-3.3%

-16.5%

Healthco Healthcare and Wellness Reit

HCW

$1.115

-3.0%

-14.9%

Homeco Daily Needs Reit

HDN

$1.190

-4.4%

+4.8%

Lifestyle Communities

LIC

$12.29

-3.5%

-14.2%

MA Financial Group

MAF

$4.49

-3.0%

-9.7%

Meteoric Resources

MEI

$0.155

-16.2%

-29.5%

Mirvac Group

MGR

$1.925

-3.8%

-12.5%

Monadelphous Group

MND

$13.02

-7.3%

+11.5%

Megaport

MP1

$11.79

-16.1%

+67.9%

Metcash

MTS

$3.62

-5.2%

-1.4%

Monash IVF Group

MVF

$1.315

-7.1%

+17.4%

Mayne Pharma Group

MYX

$4.56

-11.6%

+15.7%

Nine Entertainment

NEC

$1.375

-7.1%

-28.8%

Northern Star Resources

NST

$12.96

-10.4%

+5.4%

OOH!Media

OML

$1.375

-7.7%

+19.6%

Ramsay Health Care

RHC

$46.59

-5.9%

-15.2%

Resmed Inc

RMD

$27.65

-13.9%

-14.1%

Regis Resources

RRL

$1.735

-10.1%

-11.0%

Seek

SEK

$21.76

-2.1%

+0.8%

Skycity Entertainment Group

SKC

$1.280

-22.0%

-36.3%

TPG Telecom

TPG

$4.50

-1.3%

-11.8%

Vicinity Centres

VCX

$1.880

-1.8%

+5.0%

Waypoint Reit

WPR

$2.26

-7.4%

-14.1%

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), Collins Foods (ASX: CKF), Charter Hall Long Wale Reit (ASX: CLW), Cettire (ASX: CTT), Domino's Pizza Enterprises (ASX: DMP), Evolution Mining (ASX: EVN), Fletcher Building (ASX: FBU), Homeco Daily Needs Reit (ASX: HDN), Monash IVF Group (ASX: MVF), Nine Entertainment (ASX: NEC), Northern Star Resources (ASX: NST), OOH!Media (ASX: OML), Ramsay Health Care (ASX: RHC), Regis Resources (ASX: RRL), Seek (ASX: SEK), Skycity Entertainment Group (ASX: SKC), TPG Telecom (ASX: TPG), Waypoint Reit (ASX: WPR).

Charts of each below:

Ampol (ASX-ALD) chart 25 June 2024Collins Foods (ASX-CKF) chart 25 June 2024Charter Hall Long Wale Reit (ASX-CLW) chart 25 June 2024Cettire (ASX-CTT) chart 25 June 2024Domino-s Pizza Enterprises (ASX-DMP) chart 25 June 2024Evolution Mining (ASX-EVN) chart 25 June 2024Fletcher Building (ASX-FBU) chart 25 June 2024Homeco Daily Needs Reit (ASX-HDN) chart 25 June 2024Monash IVF Group (ASX-MVF) chart 25 June 2024Nine Entertainment (ASX-NEC) chart 25 June 2024Northern Star Resources (ASX-NST) chart 25 June 2024OOH!Media (ASX-OML) chart 25 June 2024Ramsay Health Care (ASX-RHC) chart 25 June 2024Regis Resources (ASX-RRL) chart 25 June 2024Seek (ASX-SEK) chart 25 June 2024Skycity Entertainment Group (ASX-SKC) chart 25 June 2024TPG Telecom (ASX-TPG) chart 25 June 2024Waypoint Reit (ASX-WPR) chart 25 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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