Technical Analysis

ChartWatch ASX Scans: Catapult Group, Canyon Resources, Catalyst Metals, JB Hi-Fi, Ora Banda Mining, Lynas Rare Earths, Whitehaven Coal

Thu 30 Jan 25, 9:00am (AEDT)
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par
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Key Points

  • Interesting uptrends in today's Scans: Catapult (CAT), Canyon Resources (CAY), Credit Corp Group (CCP), Catalyst Metals (CYL), Dubber (DUB), Generation Development (GDG), Genesis Minerals (GMD), Helia (HLI), Hub24 (HUB), Mesoblast (MSB), Ora Banda (OBM).
  • Interesting downtrends in today's Scans: Coronado Global Resources (CRN), Lynas Rare Earths (LYC), Nextdc (NXT), Playside Studios (PLY), Viva Energy Group (VEA), Whitehaven Coal (WHC).

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

$11.79

+6.3%

+34.0%

Auckland International Airport

AIA

$7.98

+2.4%

+0.6%

Air New Zealand

AIZ

$0.565

+5.6%

-5.8%

ALS

ALQ

$16.08

+5.4%

+27.1%

Eagers Automotive

APE

$12.88

+8.1%

-9.7%

Austal

ASB

$3.64

+17.0%

+87.6%

BetaShares Asia Technology Tigers ETF

ASIA

$10.50

+1.8%

+35.3%

Breville Group

BRG

$38.30

+5.7%

+43.7%

Catapult Group International

CAT

$3.93

+9.2%

+223.5%

Canyon Resources

CAY

$0.250

+35.1%

+257.1%

Credit Corp Group

CCP

$18.24

+12.7%

+6.0%

Computershare

CPU

$34.70

+1.3%

+35.8%

Catalyst Metals

CYL

$3.67

+41.2%

+431.9%

Dubber Corporation

DUB

$0.051

+82.1%

-24.4%

Emeco

EHL

$0.935

+1.1%

+46.1%

EQT

EQT

$34.00

+8.1%

+30.3%

BetaShares Global Sustainability Leaders ETF

ETHI

$16.54

+0.8%

+19.9%

Generation Development Group

GDG

$4.51

+22.2%

+169.4%

Barrow Hanley Global Share Fund ETF

GLOB

$4.90

+1.9%

+11.6%

Genesis Minerals

GMD

$3.08

+20.8%

+96.8%

Gold Road Resources

GOR

$2.48

+20.4%

+45.0%

BetaShares Global Cybersecurity ETF

HACK

$14.77

+2.7%

+25.6%

Helia Group

HLI

$4.85

+7.1%

+8.9%

Hub24

HUB

$79.44

+11.3%

+110.9%

Harvey Norman

HVN

$5.13

+8.2%

+16.3%

Insurance Australia Group

IAG

$8.95

+3.9%

+49.4%

iShares Europe ETF

IEU

$88.57

+5.5%

+12.6%

Ingenia Communities Group

INA

$5.68

+20.1%

+32.1%

JB HI-FI

JBH

$100.27

+3.8%

+76.4%

Kelly Partners Group

KPG

$11.71

+9.3%

+115.7%

Loftus Peak Global Disruption Fund ETF

LPGD

$5.55

+2.0%

+34.7%

Magellan Financial Group

MFG

$12.41

+10.5%

+39.9%

Metals X

MLX

$0.480

+17.1%

+68.4%

Moneyme

MME

$0.220

+4.8%

+155.8%

Monadelphous Group

MND

$15.45

+10.4%

+14.0%

Vaneck Morningstar Wide Moat ETF

MOAT

$136.19

+1.5%

+12.2%

Macquarie Core Global Equity Active ETF

MQEG

$12.00

+1.0%

0%

Mesoblast

MSB

$3.05

+20.6%

+1029.6%

Nick Scali

NCK

$16.19

+5.5%

+28.2%

Ora Banda Mining

OBM

$0.795

+16.9%

+287.8%

Paradigm Biopharmaceuticals.

PAR

$0.540

+38.5%

+58.8%

Pure Foods Tasmania

PGA1

$10.88

+1.7%

0%

Paragon Care

PGC

$0.525

+5.0%

+162.5%

Pinnacle Investment Management Group

PNI

$25.85

+11.5%

+150.2%

Praemium

PPS

$0.885

+19.6%

+136.0%

BetaShares Australian Financials Sector ETF

QFN

$16.98

+2.6%

+32.7%

Resmed Inc

RMD

$40.14

+7.2%

+41.1%

Ramelius Resources

RMS

$2.39

+12.2%

+54.2%

Sonic Healthcare

SHL

$28.62

+4.3%

-9.3%

Superloop

SLC

$2.21

+2.3%

+215.7%

Supply Network

SNL

$36.00

+9.2%

+128.0%

Super Retail Group

SUL

$15.83

+1.3%

+0.7%

Suncorp Group

SUN

$20.40

+4.9%

+43.0%

Sovereign Metals

SVM

$0.805

+9.5%

+83.0%

Tabcorp

TAH

$0.670

+15.5%

-8.8%

Temple & Webster Group

TPW

$14.30

+7.2%

+58.5%

Tuas

TUA

$6.38

+3.4%

+109.9%

Unibail-Rodamco-Westfield

URW

$6.64

+8.5%

+21.2%

Vanguard Diversified High Growth Index ETF

VDHG

$70.13

+0.9%

+15.1%

Vection Technologies

VR1

$0.042

+27.3%

+68.0%

WCM Quality Global Growth Fund ETF

WCMQ

$11.47

+5.7%

+42.0%

Wesfarmers

WES

$76.35

+5.2%

+30.6%

WCM Global Growth

WQG

$1.737

+2.8%

+27.8%

Xero

XRO

$180.00

+6.6%

+59.9%

Today's Uptrends Scan List

Feature 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: AGL Energy (ASX: AGL), Air New Zealand (ASX: AIZ), Eagers Automotive (ASX: APE), Austal (ASX: ASB), BetaShares Asia Technology Tigers ETF (ASX: ASIA), Catapult Group International (ASX: CAT), Canyon Resources (ASX: CAY), Credit Corp Group (ASX: CCP), Catalyst Metals (ASX: CYL), Dubber Corporation (ASX: DUB), BetaShares Global Sustainability Leaders ETF (ASX: ETHI), Generation Development Group (ASX: GDG), Barrow Hanley Global Share Fund ETF (ASX: GLOB), Genesis Minerals (ASX: GMD), Gold Road Resources (ASX: GOR), BetaShares Global Cybersecurity ETF (ASX: HACK), Helia Group (ASX: HLI), Hub24 (ASX: HUB), Harvey Norman (ASX: HVN), Insurance Australia Group (ASX: IAG), JB HI-FI (ASX: JBH), Magellan Financial Group (ASX: MFG), Mesoblast (ASX: MSB), Nick Scali (ASX: NCK), Ora Banda Mining (ASX: OBM), Paradigm Biopharmaceuticals. (ASX: PAR), Paragon Care (ASX: PGC), Praemium (ASX: PPS), Supply Network (ASX: SNL), Suncorp Group (ASX: SUN), Sovereign Metals (ASX: SVM), Tuas (ASX: TUA), WCM Quality Global Growth Fund ETF (ASX: WCMQ).

Charts of each below:

***Note: There were over 30 stocks that made the Feature list today – too many to post! For this reason, I have posted my just my 15 favourite Features below***

Eagers Automotive (ASX-APE) chart 29 January 2025Catapult Group International (ASX-CAT) chart 29 January 2025Canyon Resources (ASX-CAY) chart 29 January 2025Credit Corp Group (ASX-CCP) chart 29 January 2025Catalyst Metals (ASX-CYL) chart 29 January 2025Generation Development Group (ASX-GDG) chart 29 January 2025BetaShares Global Cybersecurity ETF (ASX-HACK) chart 29 January 2025Harvey Norman (ASX-HVN) chart 29 January 2025Hub24 (ASX-HUB) chart 29 January 2025Mesoblast (ASX-MSB) chart 29 January 2025Ora Banda Mining (ASX-OBM) chart 29 January 2025Paradigm Biopharmaceuticals. (ASX-PAR) chart 29 January 2025Praemium (ASX-PPS) chart 29 January 2025Suncorp Group (ASX-SUN) chart 29 January 2025Tuas (ASX-TUA) chart 29 January 2025

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

4DS Memory

4DS

$0.033

-28.3%

-54.8%

Chalice Mining

CHN

$1.110

-0.9%

+9.4%

Coronado Global Resources

CRN

$0.645

-12.8%

-60.2%

Infratil

IFT

$10.01

-13.3%

+4.3%

Iluka Resources

ILU

$4.55

-9.7%

-37.6%

Lynas Rare Earths

LYC

$6.32

-2.8%

+3.8%

Meteoric Resources

MEI

$0.079

-12.2%

-59.5%

New Hope Corporation

NHC

$4.64

-8.3%

-12.3%

Nickel Industries

NIC

$0.800

-5.3%

+33.3%

Nextdc

NXT

$14.63

-5.2%

+6.9%

Playside Studios

PLY

$0.200

-53.5%

-68.8%

Treasury Wine Estates

TWE

$10.47

-9.3%

+1.7%

Viva Energy Group

VEA

$2.56

-1.9%

-25.6%

Westgold Resources

WGX

$2.57

-11.1%

+24.2%

Whitehaven Coal

WHC

$6.05

+0.8%

-25.7%

Webjet

WJL

$0.740

-14.9%

0%

Today's Downtrends Scan List

Feature 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: Coronado Global Resources (ASX: CRN), Lynas Rare Earths (ASX: LYC), Nextdc (ASX: NXT), Playside Studios (ASX: PLY), Viva Energy Group (ASX: VEA), Whitehaven Coal (ASX: WHC).

Charts of each below:

Coronado Global Resources (ASX-CRN) chart 29 January 2025Lynas Rare Earths (ASX-LYC) chart 29 January 2025Nextdc (ASX-NXT) chart 29 January 2025Playside Studios (ASX-PLY) chart 29 January 2025Viva Energy Group (ASX-VEA) chart 29 January 2025Whitehaven Coal (ASX-WHC) chart 29 January 2025

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.

 

Written By

Carl Capolingua

Content Editor

Carl has over 30-year's 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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