Evening Wrap: ASX 200 logs ninth consecutive win to close out solid week of gains, as gold and iron ore stocks rally
Fri 16 May 25, 5:33pm (AEST)
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/ChartWatch ASX Scans: CBA sublime in a sea of gold as AZY, CEL, GOR, KNB, NMR, SPR, STN and VAU shine
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Technical Analysis
/ChartWatch ASX Scans: CBA sublime in a sea of gold as AZY, CEL, GOR, KNB, NMR, SPR, STN and VAU shine
Technical Analysis
ChartWatch ASX Scans: CBA sublime in a sea of gold as AZY, CEL, GOR, KNB, NMR, SPR, STN and VAU shine
Wed 23 Apr 25, 9:15am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Antipa Minerals (AZY), Commonwealth Bank (CBA), Challenger Gold (CEL), Gorilla Gold Mines (GG8), Koonenberry Gold (KNB), MTM Critical Metals (MTM), Native Mineral Resources (NMR), Warriedar Resources (WA8).
- Interesting downtrends in today's Scans: AGL Energy (AGL), Ansell (ANN), Bannerman Energy (BMN), Coronado Resources (CRN), Deep Yellow (DYL), Firefly Metals (FFM), Paladin Energy (PDN), Perpetual (PPT), Resmed (RMD), Regal Partners (RPL), Tabcorp (TAH).
Commonwealth Bank of Australia (CBA). What a stock! What a stalwart. It's been back in the Uptrends Scan List for a couple of weeks now, and as a Feature Chart (highest conviction) several times, mind you.
Today marks an important milestone for CBA and ChartWatch ASX Scans – it's CBA's 50th appearance as a Feature Uptrend since ChartWatch ASX Scans began in May last year. That's a record, and it's also 8 appearances ahead of next best Feature Uptrend regular, Catalyst Metals (CYL), on 42 times.
Congratulations CBA! As the classic Swan beer song from the 80's goes: They said you'd never make it...🎵🎶
Literally! "They" (as in the big brokers) have nearly-unanimously been sell rated on CBA for the last 12 months – and they've been wrong – so here's to you CBA 🍺!
(Oh, and there's also the usual plethora of gold stocks in today's ChartWatch ASX Scans, plus regulars in the Downtrends lists, like uranium stock Paladin Energy (PDN), nickel-lithium stock IGO (IGO), Domino's Pizza (DMP), and several other so-called "blue chips" that many probably regret owning over the last 12 months – let's just say they're no CBA!)
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.
Feel free to get your favourite AI to convert the tables below into lists you can upload to your favourite trading platform like TradingView. Then you'll be able to skip from chart to chart and quickly and easily see the best uptrends and downtrends on the ASX.
Some investors prefer to buy those stocks in strong uptrends, and avoid, sell, or short sell those stocks in strong downtrends – but how you use the lists is really up to you!
Note, many stocks in both lists have appeared there many times before. As long as they keep meeting my criteria – they'll keep appearing. But note, there won't be any notifications when they don't, so you'll have to do your own research on when a particular trend changes!
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Alkane Resources | ALK | $0.825 | +31.0% | +21.3% |
APA Group | APA | $8.24 | +5.5% | -1.6% |
Austal | ASB | $5.11 | +24.6% | +120.3% |
Abacus Storage King | ASK | $1.460 | +23.7% | +28.6% |
Antipa Minerals | AZY | $0.580 | +31.8% | +383.3% |
Bank of Queensland | BOQ | $7.25 | +10.7% | +16.2% |
Catapult Group International | CAT | $3.74 | +6.6% | +147.7% |
Commonwealth Bank of Australia | CBA | $168.00 | +15.1% | +49.0% |
Challenger Gold | CEL | $0.088 | +44.3% | -5.4% |
Capricorn Metals | CMM | $10.17 | +23.9% | +99.0% |
COG Financial Services | COG | $1.290 | +35.1% | -7.9% |
Coles Group | COL | $21.50 | +15.8% | +33.0% |
Droneshield | DRO | $1.200 | +7.1% | +26.3% |
Energy One | EOL | $11.79 | +12.1% | +194.8% |
Global X Physical Precious Metal Basket | ETPMPM | $301.28 | +6.4% | +30.3% |
Evolution Mining | EVN | $8.87 | +28.9% | +121.8% |
Gorilla Gold Mines | GG8 | $0.545 | +36.3% | +1007.0% |
Global X Physical Gold ETF | GOLD | $49.92 | +12.7% | +46.7% |
Gold Road Resources | GOR | $3.35 | +36.2% | +106.8% |
Kingsgate Consolidated | KCN | $1.755 | +17.8% | +12.1% |
Koonenberry Gold | KNB | $0.075 | +108.3% | +397.5% |
MTM Critical Metals | MTM | $0.250 | +66.7% | +354.5% |
Newmont Corporation | NEM | $88.57 | +17.1% | +48.2% |
New Murchison Gold | NMG | $0.018 | +12.5% | +157.1% |
Native Mineral Resources | NMR | $0.160 | +107.8% | +661.9% |
Pantoro | PNR | $3.02 | +7.7% | +130.7% |
Polymetals Resources | POL | $0.970 | +16.2% | +223.3% |
Perseus Mining | PRU | $3.59 | +12.5% | +58.2% |
Ramelius Resources | RMS | $2.94 | +34.9% | +43.4% |
Regis Resources | RRL | $4.90 | +34.6% | +115.9% |
Superloop | SLC | $2.38 | +11.2% | +83.8% |
Spartan Resources | SPR | $2.27 | +30.5% | +274.5% |
Saturn Metals | STN | $0.340 | +25.9% | +78.9% |
Solvar | SVR | $1.530 | +13.3% | +53.8% |
Vault Minerals | VAU | $0.495 | +6.5% | +15.1% |
Warriedar Resources | WA8 | $0.077 | +20.3% | +67.4% |
Today's Uptrends Scan List
Feature Charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: APA Group (ASX: APA), Austal (ASX: ASB), Antipa Minerals (ASX: AZY), Bank of Queensland (ASX: BOQ), Commonwealth Bank of Australia (ASX: CBA), Challenger Gold (ASX: CEL), Gorilla Gold Mines (ASX: GG8), Global X Physical Gold ETF (ASX: GOLD), Gold Road Resources (ASX: GOR), Koonenberry Gold (ASX: KNB), MTM Critical Metals (ASX: MTM), Native Mineral Resources (ASX: NMR), Polymetals Resources (ASX: POL), Superloop (ASX: SLC), Spartan Resources (ASX: SPR), Saturn Metals (ASX: STN), Vault Minerals (ASX: VAU), Warriedar Resources (ASX: WA8).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
29METALS | 29M | $0.115 | -39.5% | -71.9% |
Aura Energy | AEE | $0.100 | -31.0% | -45.9% |
AGL Energy | AGL | $10.06 | -4.6% | +8.2% |
Ansell | ANN | $28.58 | -16.3% | +15.2% |
Appen | APX | $0.775 | -35.1% | +17.4% |
Bellevue Gold | BGL | $0.915 | -22.8% | -50.1% |
Bannerman Energy | BMN | $1.755 | -27.2% | -51.1% |
Boss Energy | BOE | $2.38 | -11.9% | -48.4% |
Beach Energy | BPT | $1.145 | -20.2% | -29.1% |
Chrysos Corporation | C79 | $3.61 | -15.3% | -48.4% |
Credit Corp Group | CCP | $11.98 | -16.6% | -27.4% |
Champion Iron | CIA | $4.08 | -22.7% | -39.5% |
Coronado Global Resources | CRN | $0.220 | -52.2% | -82.4% |
CSL | CSL | $236.56 | -7.3% | -12.8% |
Corporate Travel Management | CTD | $12.01 | -16.5% | -24.1% |
Cettire | CTT | $0.655 | -30.3% | -79.5% |
Domino's Pizza Enterprises | DMP | $24.99 | -6.4% | -32.9% |
Deep Yellow | DYL | $0.835 | -24.4% | -37.5% |
Firefly Metals | FFM | $0.770 | -28.7% | -1.9% |
Flight Centre Travel Group | FLT | $11.74 | -17.9% | -44.2% |
G8 Education | GEM | $1.240 | -3.5% | +2.5% |
Graincorp | GNC | $6.48 | -7.3% | -20.2% |
GWA Group | GWA | $2.22 | -5.5% | -11.2% |
Healthco Healthcare and Wellness Reit | HCW | $0.825 | -7.8% | -26.3% |
Insignia Financial | IFL | $3.56 | -20.5% | +49.0% |
IGO | IGO | $3.42 | -21.0% | -53.0% |
Iluka Resources | ILU | $3.62 | -13.8% | -50.4% |
Ioneer | INR | $0.130 | -16.1% | -33.3% |
Incitec Pivot | IPL | $2.17 | -20.8% | -21.4% |
Lifestyle Communities | LIC | $7.23 | -9.9% | -49.0% |
Light & Wonder | LNW | $122.13 | -25.7% | -12.3% |
Lotus Resources | LOT | $0.140 | -30.0% | -67.1% |
Liontown Resources | LTR | $0.510 | -27.1% | -56.2% |
Macquarie Technology Group | MAQ | $56.43 | -18.7% | -29.7% |
Monash IVF Group | MVF | $0.705 | -37.6% | -51.4% |
Nine Entertainment | NEC | $1.325 | -16.7% | -14.0% |
New Hope Corporation | NHC | $3.55 | -15.5% | -24.6% |
Nufarm | NUF | $3.70 | -5.1% | -27.9% |
Nextdc | NXT | $10.48 | -20.7% | -34.0% |
OFX Group | OFX | $1.030 | -13.1% | -31.8% |
Paradigm Biopharmaceuticals. | PAR | $0.275 | -35.3% | -1.8% |
Paladin Energy | PDN | $3.98 | -41.7% | -72.8% |
Polynovo | PNV | $1.045 | -19.6% | -49.3% |
Perpetual | PPT | $15.00 | -23.0% | -38.1% |
PWR Holdings | PWH | $6.67 | -5.1% | -40.4% |
PYC Therapeutics | PYC | $0.990 | -14.7% | +3.7% |
Redox | RDX | $2.65 | -6.7% | -8.6% |
Resmed Inc | RMD | $32.78 | -7.0% | +18.6% |
Regal Partners | RPL | $1.690 | -41.1% | -40.7% |
Seek | SEK | $19.72 | -14.0% | -17.8% |
The Star Entertainment Group | SGR | $0.105 | -12.5% | -80.7% |
Skycity Entertainment Group | SKC | $1.045 | -5.0% | -38.7% |
Spark New Zealand | SPK | $1.895 | +4.7% | -55.6% |
Tabcorp | TAH | $0.525 | -15.3% | -27.1% |
Tyro Payments | TYR | $0.650 | -13.9% | -28.2% |
WEB Travel Group | WEB | $4.00 | -12.7% | -45.8% |
Zip Co. | ZIP | $1.510 | -19.3% | +28.5% |
Today's Downtrends Scan List
Feature Charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: AGL Energy (ASX: AGL), Ansell (ASX: ANN), Bannerman Energy (ASX: BMN), Chrysos Corporation (ASX: C79), Coronado Global Resources (ASX: CRN), Deep Yellow (ASX: DYL), Firefly Metals (ASX: FFM), Flight Centre Travel Group (ASX: FLT), Graincorp (ASX: GNC), IGO (ASX: IGO), Incitec Pivot (ASX: IPL), Nine Entertainment (ASX: NEC), Nextdc (ASX: NXT), Paladin Energy (ASX: PDN), Perpetual (ASX: PPT), Redox (ASX: RDX), Resmed Inc (ASX: RMD), Regal Partners (ASX: RPL), Tabcorp (ASX: TAH), WEB Travel Group (ASX: WEB).
Charts of each below:
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.
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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