Technical Analysis

ChartWatch ASX Scans: Catapult, Clarity Pharmaceuticals, Sovereign Metals, Terra Metals, IDP Education, MA Financial, Omni Bridgeway

Fri 12 Jul 24, 9:00am (AEST)
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Stocks in article

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acw
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arr
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asia
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azn
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cat
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cba
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csl
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cu6
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cyl
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dyl
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fhe
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maq
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nem
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pru
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svm
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tm1
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wow
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xro
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Key Points

  • Interesting uptrends in today's Scans: Asia Tech Tigers ETF (ASIA), Anson Resources (ASN), Catapult (CAT), CSL (CSL), Clarity Pharmaceuticals (CU6), Frontier Energy (FHE), Perseus Mining (PRU), Sovereign Metals (SVM), Terra Metals (TM1), and Xero (XRO)
  • Interesting downtrends in today's Scans: Alpha HPA (A4N), Audinate (AD8), Collins Foods (CKF), Calix (CXL), EVT (EVT), IDP Education (IEL), MA Financial (MAF), Monadelphous (MND), Omni Bridgeway (OBL), Block (SQ2), and Wildcat Resources (WC8)

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 %

Aurora Labs

A3D

$0.092

+17.9%

+240.7%

Actinogen Medical

ACW

$0.074

+124.2%

+90.5%

Aristocrat Leisure

ALL

$52.01

+11.6%

+42.5%

ARB Corporation

ARB

$38.99

+2.2%

+37.4%

American Rare Earths

ARR

$0.295

+31.1%

+78.8%

BetaShares Asia Tech Tigers ETF

ASIA

$9.49

+5.3%

+31.3%

Anson Resources

ASN

$0.160

+52.4%

0%

BetaShares S&P/ASX Australian Tech ETF

ATEC

$24.40

+2.0%

+33.3%

AUB Group

AUB

$32.41

+3.9%

+12.8%

Catapult Group

CAT

$2.01

+8.6%

+136.5%

Commonwealth Bank

CBA

$129.92

+4.7%

+31.9%

Capricorn Metals

CMM

$5.26

+18.2%

+29.6%

Coles Group

COL

$17.35

+2.2%

-2.6%

CSL

CSL

$302.04

+7.0%

+14.4%

Clarity Pharmaceuticals

CU6

$5.57

+8.2%

+625.6%

Catalyst Metals

CYL

$1.510

+53.3%

+93.6%

Cyprium Metals

CYM

$0.049

+16.7%

-38.6%

Djerriwarrh Investments

DJW

$3.11

+4.4%

+9.9%

Deep Yellow

DYL

$1.490

+3.5%

+101.4%

Empire Energy Group

EEG

$0.270

+17.4%

+63.6%

EQT

EQT

$33.58

+5.1%

+31.8%

EZZ Life Science

EZZ

$1.980

+70.7%

+244.3%

Fenix Resources

FEX

$0.385

+20.3%

+40.0%

Future Generation Global

FGG

$1.320

+1.5%

+12.3%

Frontier Energy

FHE

$0.550

+22.2%

+46.7%

Flight Centre Travel Group

FLT

$21.61

+12.6%

+15.1%

Global Data Centre Group

GDC

$3.20

+4.2%

+93.4%

G8 Education

GEM

$1.280

+9.4%

+26.1%

Genesis Minerals

GMD

$1.955

+8.9%

+63.6%

Hearts and Minds Investments

HM1

$2.63

+3.1%

+14.8%

Hyterra

HYT

$0.048

+71.4%

+185.8%

Horizon Oil

HZN

$0.200

+21.2%

+42.9%

iShares Asia 50 ETF

IAA

$105.35

+6.4%

+20.4%

Light & Wonder

LNW

$157.43

+8.6%

+51.4%

Loftus Peak Global Disruption Fund ETF

LPGD

$4.80

+5.0%

+46.8%

Munro Global Growth Fund ETF

MAET

$6.41

+0.3%

+37.6%

Macquarie Technology Group

MAQ

$98.01

+11.7%

+48.5%

MFF Capital Investments

MFF

$3.85

+7.2%

+45.3%

Maas Group

MGH

$4.26

+2.7%

+71.1%

Newmont Corporation

NEM

$67.58

+10.4%

0%

NRW

NWH

$3.09

+4.4%

+24.1%

News Corporation

NWS

$42.60

+1.3%

+44.3%

Nextdc

NXT

$18.35

+3.6%

+47.6%

Propel Funeral Partners

PFP

$5.96

+7.6%

+41.9%

Paragon Care

PGC

$0.440

+10.0%

+63.0%

Perseus Mining

PRU

$2.64

+14.8%

+62.5%

Power

PWH

$11.68

+5.0%

+35.5%

BetaShares Gold Bullion Hedged ETF

QAU

$19.84

+2.9%

+21.3%

Qube

QUB

$3.78

+4.4%

+37.0%

Race Oncology

RAC

$1.885

-0.3%

+45.0%

REA Group

REA

$200.42

+7.6%

+43.3%

Global X Semiconductor ETF

SEMI

$19.00

+4.0%

+66.7%

SG Fleet Group

SGF

$3.24

+11.7%

+51.4%

Washington H Soul Pattinson & Co.

SOL

$33.95

+5.2%

+9.7%

Service Stream

SSM

$1.325

+7.3%

+61.6%

Sovereign Metals

SVM

$0.750

+26.1%

+68.5%

Southern Cross Electrical Engineering

SXE

$1.760

+15.0%

+168.7%

Terra Metals

TM1

$0.105

+133.3%

+118.8%

Vanguard FTSE Asia EX Japan Index ETF

VAE

$75.45

+2.0%

+13.3%

Vanguard FTSE Emerging Markets ETF

VGE

$73.98

+2.1%

+10.6%

Ventia Services Group

VNT

$4.14

+12.2%

+39.9%

Woolworths Group

WOW

$34.30

+5.6%

-10.7%

WCM Global Growth

WQG

$1.575

+1.6%

+34.0%

Xero

XRO

$141.50

+9.9%

+21.7%

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), Anson Resources (ASX: ASN), Catapult Group International (ASX: CAT), Commonwealth Bank of Australia (ASX: CBA), CSL (ASX: CSL), Clarity Pharmaceuticals (ASX: CU6), Frontier Energy (ASX: FHE), Macquarie Technology Group (ASX: MAQ), MFF Capital Investments (ASX: MFF), Perseus Mining (ASX: PRU), Qube (ASX: QUB), Service Stream (ASX: SSM), Sovereign Metals (ASX: SVM), Terra Metals (ASX: TM1), Ventia Services Group (ASX: VNT), Xero (ASX: XRO).

Charts of each below:

Anson Resources (ASX-ASN) chart 11 July 2024BetaShares Asia Technology Tigers ETF (ASX-ASIA) chart 11 July 2024Catapult Group International (ASX-CAT) chart 11 July 2024Clarity Pharmaceuticals (ASX-CU6) chart 11 July 2024Commonwealth Bank of Australia (ASX-CBA) chart 11 July 2024CSL (ASX-CSL) chart 11 July 2024Frontier Energy (ASX-FHE) chart 11 July 2024Macquarie Technology Group (ASX-MAQ) chart 11 July 2024MFF Capital Investments (ASX-MFF) chart 11 July 2024Perseus Mining (ASX-PRU) chart 11 July 2024Qube (ASX-QUB) chart 11 July 2024Service Stream (ASX-SSM) chart 11 July 2024Sovereign Metals (ASX-SVM) chart 11 July 2024Terra Metals (ASX-TM1) chart 11 July 2024Ventia Services Group (ASX-VNT) chart 11 July 2024Xero (ASX-XRO) chart 11 July 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Alpha HPA

A4N

$0.840

+1.2%

-26.6%

Audinate Group

AD8

$15.72

-2.7%

+78.0%

Aurizon

AZJ

$3.58

-2.5%

-7.0%

Bluescope Steel

BSL

$20.14

-1.9%

+3.8%

Credit Corp Group

CCP

$14.13

-0.7%

-27.2%

Collins Foods

CKF

$8.96

-1.9%

-6.0%

Cromwell Property Group

CMW

$0.395

-4.8%

-26.9%

Calix

CXL

$1.040

-10.7%

-76.9%

Domino's Pizza Enterprises

DMP

$35.57

-6.5%

-21.0%

EVT

EVT

$11.30

+0.4%

-0.7%

IDP Education

IEL

$14.11

-7.2%

-33.3%

Ioneer

INR

$0.135

-18.2%

-57.1%

James Hardie Industries

JHX

$46.59

-0.3%

+21.4%

MA Financial Group

MAF

$4.37

-3.5%

-13.8%

Meteoric Resources

MEI

$0.135

-22.9%

-44.9%

McMillan Shakespeare

MMS

$16.94

-0.2%

-2.9%

Monadelphous Group

MND

$12.69

-3.3%

+5.8%

Omni Bridgeway

OBL

$0.920

+0.5%

-65.3%

Patriot Battery Metals

PMT

$0.510

-30.6%

-72.7%

Ramsay Health Care

RHC

$47.00

-2.3%

-14.9%

Rio Tinto

RIO

$119.62

-1.2%

+8.3%

Smartgroup Corporation

SIQ

$8.25

-0.1%

+8.9%

Block

SQ2

$95.70

-1.2%

-3.3%

Terracom

TER

$0.210

-4.5%

-53.8%

Wildcat Resources

WC8

$0.275

-17.9%

+57.1%

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: Alpha HPA (ASX: A4N), Audinate Group (ASX: AD8), Aurizon (ASX: AZJ), Collins Foods (ASX: CKF), Calix (ASX: CXL), EVT (ASX: EVT), IDP Education (ASX: IEL), MA Financial Group (ASX: MAF), McMillan Shakespeare (ASX: MMS), Monadelphous Group (ASX: MND), Omni Bridgeway (ASX: OBL), Block (ASX: SQ2), Wildcat Resources (ASX: WC8).

Charts of each below:

Alpha HPA (ASX-A4N) chart 11 July 2024Audinate Group (ASX-AD8) chart 11 July 2024Aurizon (ASX-AZJ) chart 11 July 2024Block (ASX-SQ2) chart 11 July 2024Calix (ASX-CXL) chart 11 July 2024Collins Foods (ASX-CKF) chart 11 July 2024EVT (ASX-EVT) chart 11 July 2024IDP Education (ASX-IEL) chart 11 July 2024MA Financial Group (ASX-MAF) chart 11 July 2024McMillan Shakespeare (ASX-MMS) chart 11 July 2024Monadelphous Group (ASX-MND) chart 11 July 2024Omni Bridgeway (ASX-OBL) chart 11 July 2024Wildcat Resources (ASX-WC8) chart 11 July 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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