ChartWatch ASX Scans: Catapult, JB HI-FI, Spartan Resources, Calix, De Grey Mining, Develop Global
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Interesting uptrends in today's Scan Lists: Catapult (CAT), Coles (COL), Dimerix (DXB), JB HI-FI (JBH), Medadvisor (MDR), Netwealth (NWL), Paragon Care (PGC), Pro Medicus (PME), Superloop (SLC), Spartan Resources (SPR), Suncorp (SUN), and Tuas (TUA)
- Interesting downtrends in today's Scan Lists: Corporate Travel (CTD), Calix (CXL), De Grey Mining (DEG), Develop Global (DVP), Flight Centre (FLT), IGO (IGO), Nine Entrtainment (NEC), Perpetual (PPT), Syrah Resources (SYR), and 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 % |
|---|---|---|---|---|
ALS | ALQ | $14.11 | +6.1% | +21.0% |
Austin Engineering | ANG | $0.545 | +3.8% | +98.2% |
BetaShares Asia Technology Tigers ETF | ASIA | $9.01 | +2.3% | +23.6% |
Catapult Group International | CAT | $1.850 | +25.4% | +85.0% |
Coles Group | COL | $16.97 | +4.3% | -4.2% |
Dimerix | DXB | $0.605 | +86.2% | +943.1% |
Gentrack Group | GTK | $9.09 | +22.2% | +138.0% |
Insurance Australia Group | IAG | $6.57 | +5.0% | +29.3% |
BetaShares India Quality ETF | IIND | $12.21 | +5.1% | +15.4% |
JB HI-FI | JBH | $60.85 | +6.2% | +43.6% |
Munro Global Growth Fund ETF | MAET | $6.39 | +5.1% | +39.8% |
Macmahon Holdings | MAH | $0.285 | +21.3% | +111.1% |
Medadvisor | MDR | $0.450 | +36.4% | +87.5% |
Mystate | MYS | $3.77 | +7.7% | +21.2% |
National Australia Bank | NAB | $34.74 | +2.1% | +38.1% |
Netwealth Group | NWL | $21.32 | +5.7% | +66.2% |
Paragon Care | PGC | $0.400 | +11.1% | +63.3% |
Pro Medicus | PME | $130.10 | +14.8% | +107.3% |
Polynovo | PNV | $2.27 | +1.8% | +43.2% |
Regis Healthcare | REG | $4.09 | +1.7% | +81.8% |
Regal Asian Investments | RG8 | $2.12 | +6.5% | +7.9% |
Rpmglobal Holdings | RUL | $2.65 | +8.6% | +80.9% |
Global X Semiconductor ETF | SEMI | $18.27 | +11.3% | +63.1% |
Superloop | SLC | $1.455 | +11.1% | +122.1% |
Spartan Resources | SPR | $0.775 | +22.0% | +387.5% |
SRG Global | SRG | $0.890 | +2.9% | +35.9% |
Suncorp Group | SUN | $16.50 | +1.2% | +26.9% |
Tuas | TUA | $4.13 | +3.5% | +116.2% |
WCM Global Growth | WQG | $1.550 | +4.7% | +30.8% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
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), Dimerix (ASX: DXB), Insurance Australia Group (ASX: IAG), JB HI-FI (ASX: JBH), Medadvisor (ASX: MDR), Mystate (ASX: MYS), Netwealth Group (ASX: NWL), Paragon Care (ASX: PGC), Pro Medicus (ASX: PME), Superloop (ASX: SLC), Spartan Resources (ASX: SPR), Suncorp Group (ASX: SUN), Tuas (ASX: TUA).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Atlas Arteria | ALX | $4.84 | -11.8% | -22.4% |
Aurizon Holdings | AZJ | $3.67 | -2.9% | +2.2% |
Charter Hall Long Wale Reit | CLW | $3.40 | -3.7% | -18.5% |
Charter Hall Social Infrastructure Reit | CQE | $2.41 | -5.5% | -19.1% |
Corporate Travel Management | CTD | $13.12 | -13.9% | -34.4% |
Calix | CXL | $1.165 | -19.9% | -72.3% |
Core Lithium | CXO | $0.095 | -34.5% | -91.2% |
De Grey Mining | DEG | $1.030 | -11.2% | -26.6% |
Develop Global | DVP | $2.10 | -7.5% | -43.1% |
Dexus | DXS | $6.62 | -6.8% | -20.0% |
Fletcher Building | FBU | $2.78 | -3.1% | -39.7% |
Flight Centre Travel Group | FLT | $19.19 | -3.3% | -7.9% |
GPT Group | GPT | $4.11 | -3.3% | +2.0% |
Hansen Technologies | HSN | $4.47 | -4.3% | -4.9% |
IGO | IGO | $6.49 | -15.3% | -53.8% |
Kelsian Group | KLS | $5.00 | -9.7% | -28.1% |
Lifestyle Communities | LIC | $12.21 | -7.9% | -16.1% |
Nine Entertainment Co. Holdings | NEC | $1.355 | -11.4% | -29.8% |
Novonix | NVX | $0.650 | -23.5% | -43.7% |
Nexgen Energy (Canada) | NXG | $9.96 | -8.6% | +65.2% |
Pilbara Minerals | PLS | $3.41 | -16.4% | -27.8% |
Perpetual | PPT | $21.45 | -4.2% | -12.2% |
Steadfast Group | SDF | $5.41 | -8.6% | -7.5% |
Seek | SEK | $22.83 | -2.0% | +5.5% |
Spark New Zealand | SPK | $3.74 | -5.6% | -19.9% |
Sayona Mining | SYA | $0.037 | -9.8% | -79.4% |
Syrah Resources | SYR | $0.395 | -16.8% | -57.2% |
Tabcorp Holdings | TAH | $0.590 | -15.1% | -48.2% |
Transurban Group | TCL | $12.46 | -2.3% | -12.5% |
Worley | WOR | $14.39 | -6.3% | -12.4% |
Today's Downtrends Scan List
Interesting charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Atlas Arteria (ASX: ALX), Corporate Travel Management (ASX: CTD), Calix (ASX: CXL), De Grey Mining (ASX: DEG), Develop Global (ASX: DVP), Dexus (ASX: DXS), Flight Centre Travel Group (ASX: FLT), IGO (ASX: IGO), Kelsian Group (ASX: KLS), Nine Entertainment Co. Holdings (ASX: NEC), Perpetual (ASX: PPT), Steadfast Group (ASX: SDF), Syrah Resources (ASX: SYR), Worley (ASX: WOR).
Charts of each below:
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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.
