Technical Analysis

ChartWatch ASX Scans: Catapult International, CSL, Encounter Resources, Zip Co, Dexus, Megaport, Mirvac Group

Fri 28 Jun 24, 9:00am (AEST)
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Stocks in article

360
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agl
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all
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bot
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cba
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cda
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cpv
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col
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csl
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cu6
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dtl
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enr
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eos
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lnw
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lov
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mqg
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nab
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pnv
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tne
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Key Points

  • Interesting uptrends in today's Scan Lists: Catapult International (CAT), CSL (CSL), Encounter Resources (ENR), Electro Optic Systems (EOS), Light & Wonder (LNW), Medadvisor (MDR), Paragon Care (PGC), Polynovo (PNV), Technology One (TNE), and Zip Co. (ZIP)
  • Interesting downtrends in today's Scan Lists: Dexus (DXS), Healthco Healthcare and Wellness Reit (HCW), Kogan.Com (KGN), Lynas Rare Earths (LYC), Mirvac Group (MGR), Megaport (MP1), OOH!Media (OML), 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 %

Life360

360

$16.18

+5.1%

+128.5%

AGL Energy

AGL

$10.72

+3.8%

-2.4%

Aristocrat Leisure

ALL

$49.43

+10.1%

+30.6%

Austin Engineering

ANG

$0.575

+5.5%

+117.0%

Ansell

ANN

$26.36

+5.4%

+1.8%

Arena Reit.

ARF

$3.92

+3.4%

+5.4%

Austal

ASB

$2.47

+2.1%

+3.8%

BetaShares S&P/ASX Australian Tech ETF

ATEC

$24.19

+1.6%

+32.3%

AUB Group

AUB

$31.45

+9.8%

+11.7%

Bendigo and Adelaide Bank

BEN

$11.54

+5.4%

+38.4%

Botanix Pharmaceuticals

BOT

$0.365

+21.7%

+231.8%

Capitol Health

CAJ

$0.310

+29.2%

+10.7%

Catapult Group International

CAT

$1.945

+26.7%

+111.4%

Commonwealth Bank of Australia

CBA

$126.20

+4.9%

+28.9%

Codan

CDA

$11.83

+10.5%

+60.3%

Cooper Energy

COE

$0.225

0%

+40.6%

Coles Group

COL

$17.20

+4.9%

-5.9%

Clearvue Technologies

CPV

$0.570

+14.0%

+245.5%

CSL

CSL

$295.16

+4.7%

+5.4%

Clarity Pharmaceuticals

CU6

$5.07

+12.7%

+611.3%

BetaShares Global Healthcare ETF

DRUG

$8.79

+1.6%

+12.4%

Data#3

DTL

$8.36

+12.7%

+21.5%

DUG Technology

DUG

$2.74

+1.5%

+142.5%

Diversified United Investment

DUI

$5.33

+4.5%

+9.7%

Encounter Resources

ENR

$0.635

+81.4%

+144.2%

Electro Optic Systems

EOS

$1.575

+12.5%

+88.6%

Frontier Energy

FHE

$0.480

+14.3%

+29.7%

Genusplus Group

GNP

$1.970

+6.2%

+87.6%

GQG Partners

GQG

$2.78

+13.5%

+105.2%

Hub24

HUB

$46.14

+14.4%

+78.8%

Insurance Australia Group

IAG

$6.66

+3.9%

+19.8%

Integral Diagnostics

IDX

$2.65

+10.0%

-18.2%

IPD Group

IPG

$4.69

+7.3%

+10.8%

Jumbo Interactive

JIN

$17.64

+9.1%

+27.4%

Light & Wonder

LNW

$157.13

+9.9%

+67.1%

Lovisa

LOV

$33.01

+1.1%

+80.4%

Macquarie Technology Group

MAQ

$92.76

+11.7%

+42.5%

Medadvisor

MDR

$0.490

+12.6%

+127.9%

Macquarie Group

MQG

$203.81

+6.2%

+18.0%

Vaneck Australian Banks ETF

MVB

$34.90

+3.0%

+25.2%

National Australia Bank

NAB

$36.03

+5.1%

+40.9%

Navigator Global Investments

NGI

$2.04

+14.3%

+71.2%

Netwealth Group

NWL

$22.30

+11.8%

+65.4%

News Corporation

NWS

$43.08

+4.6%

+51.9%

Nuix

NXL

$3.05

+3.0%

+265.3%

OFX Group

OFX

$2.19

+5.8%

+16.2%

Origin Energy

ORG

$10.95

+5.7%

+29.9%

Pacific Current Group

PAC

$10.80

+5.7%

+48.8%

Paragon Care

PGC

$0.440

+14.3%

+79.6%

Pro Medicus

PME

$139.81

+22.3%

+113.6%

Premier Investments

PMV

$31.80

+7.9%

+61.2%

Pinnacle Investment Management

PNI

$14.15

+8.1%

+49.9%

Polynovo

PNV

$2.44

+15.1%

+75.5%

REA Group

REA

$196.36

+6.4%

+46.8%

Regis Healthcare

REG

$4.39

+11.4%

+109.0%

Regal Investment Fund

RF1

$3.37

+4.3%

+24.4%

Rpmglobal

RUL

$2.87

+7.5%

+96.6%

Steadfast Group

SDF

$6.08

+9.4%

+1.5%

SG Fleet Group

SGF

$3.22

+7.0%

+44.4%

Stanmore Resources

SMR

$3.57

+10.9%

+42.5%

Service Stream

SSM

$1.280

+6.7%

+56.1%

Suncorp Group

SUN

$16.80

+4.3%

+25.6%

Technology One

TNE

$18.45

+4.1%

+20.7%

Tuas

TUA

$4.33

+10.7%

+126.7%

Treasury Wine Estates

TWE

$12.48

+7.4%

+8.4%

Veem

VEE

$1.750

-5.9%

+316.7%

VGI Partners Global Investments

VG1

$1.940

+1.3%

+19.4%

Ventia Services Group

VNT

$3.81

+7.3%

+30.5%

West African Resources

WAF

$1.610

+11.0%

+96.3%

Westpac Banking Corporation

WBC

$27.09

+1.7%

+31.7%

Webjet

WEB

$9.01

+4.2%

+33.9%

Wisetech Global

WTC

$98.34

+0.0%

+27.3%

Xero

XRO

$135.44

+1.4%

+19.7%

Yancoal Australia

YAL

$6.40

-2.6%

+44.8%

Zip Co.

ZIP

$1.495

+21.1%

+264.6%

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: Catapult Group International (ASX: CAT), Coles Group (ASX: COL), CSL (ASX: CSL), Encounter Resources (ASX: ENR), Electro Optic Systems (ASX: EOS), Genusplus Group (ASX: GNP), Hub24 (ASX: HUB), Light & Wonder (ASX: LNW), Medadvisor (ASX: MDR), Macquarie Group (ASX: MQG), Netwealth Group (ASX: NWL), Origin Energy (ASX: ORG), Paragon Care (ASX: PGC), Pinnacle Investment Management Group (ASX: PNI), Polynovo (ASX: PNV), SG Fleet Group (ASX: SGF), Technology One (ASX: TNE), Treasury Wine Estates (ASX: TWE), West African Resources (ASX: WAF), Zip Co. (ASX: ZIP).

Charts of each below:

Catapult Group International (ASX-CAT) chart 27 June 2024Coles Group (ASX-COL) chart 27 June 2024CSL (ASX-CSL) chart 27 June 2024Encounter Resources (ASX-ENR) chart 27 June 2024Genusplus Group (ASX-GNP) chart 27 June 2024Hub24 (ASX-HUB) chart 27 June 2024Light & Wonder (ASX-LNW) chart 27 June 2024Medadvisor (ASX-MDR) chart 27 June 2024Macquarie Group (ASX-MQG) chart 27 June 2024Netwealth Group (ASX-NWL) chart 27 June 2024Origin Energy (ASX-ORG) chart 27 June 2024Paragon Care (ASX-PGC) chart 27 June 2024Pinnacle Investment Management Group (ASX-PNI) chart 27 June 2024Polynovo (ASX-PNV) chart 27 June 2024SG Fleet Group (ASX-SGF) chart 27 June 2024Technology One (ASX-TNE) chart 27 June 2024Treasury Wine Estates (ASX-TWE) chart 27 June 2024West African Resources (ASX-WAF) chart 27 June 2024Zip Co. (ASX-ZIP) chart 27 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Aussie Broadband

ABB

$3.43

-0.3%

+18.7%

Adairs

ADH

$1.810

+2.0%

+37.1%

Cromwell Property Group

CMW

$0.400

-13.0%

-21.6%

Centuria Office Reit

COF

$1.120

-9.3%

-18.5%

Dexus

DXS

$6.44

-6.5%

-15.5%

GDI Property Group

GDI

$0.565

-5.8%

-15.0%

Growthpoint Properties Australia

GOZ

$2.18

-9.9%

-21.0%

Healthco Healthcare & Wellness Reit

HCW

$1.080

-5.3%

-17.6%

Imugene

IMU

$0.054

-21.7%

-40.7%

Kogan.Com

KGN

$4.17

-9.2%

-14.5%

Lotus Resources

LOT

$0.325

-27.8%

+80.6%

Lynas Rare Earths

LYC

$5.95

-11.5%

-14.8%

Meteoric Resources

MEI

$0.155

-20.5%

-26.2%

Mirvac Group

MGR

$1.810

-8.8%

-17.7%

Megaport

MP1

$11.55

-16.9%

+67.4%

Monash IVF Group

MVF

$1.300

-9.4%

+14.0%

OOH!Media

OML

$1.345

-8.5%

+18.0%

Predictive Discovery

PDI

$0.160

-13.5%

0%

Patriot Battery Metals

PMT

$0.565

-36.5%

-70.1%

Renascor Resources

RNU

$0.088

-20.0%

-49.7%

Wildcat Resources

WC8

$0.320

-33.3%

+166.7%

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: Centuria Office Reit (ASX: COF), Dexus (ASX: DXS), Growthpoint Properties Australia (ASX: GOZ), Healthco Healthcare and Wellness Reit (ASX: HCW), Kogan.Com (ASX: KGN), Lynas Rare Earths (ASX: LYC), Mirvac Group (ASX: MGR), Megaport (ASX: MP1), OOH!Media (ASX: OML), Wildcat Resources (ASX: WC8).

Charts of each below:

Centuria Office Reit (ASX-COF) chart 27 June 2024Dexus (ASX-DXS) chart 27 June 2024Growthpoint Properties Australia (ASX-GOZ) chart 27 June 2024Healthco Healthcare and Wellness Reit (ASX-HCW) chart 27 June 2024Kogan.Com (ASX-KGN) chart 27 June 2024Lynas Rare Earths (ASX-LYC) chart 27 June 2024Mirvac Group (ASX-MGR) chart 27 June 2024Megaport (ASX-MP1) chart 27 June 2024OOH!Media (ASX-OML) chart 27 June 2024Wildcat Resources (ASX-WC8) chart 27 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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