Evening Wrap: ASX 200 closes stronger to cap winning week with a Gold, Gold, Gold performance!
Fri 13 Sep 24, 5:38pm (AEST)
Home
/
News
Technical Analysis
/ChartWatch ASX Scans: Chalice Mining, Elders, Fenix Resources, Firefly Metals, Nufarm, Ramsay Health Care, Rio Tinto
News
Technical Analysis
/ChartWatch ASX Scans: Chalice Mining, Elders, Fenix Resources, Firefly Metals, Nufarm, Ramsay Health Care, Rio Tinto
Technical Analysis
ChartWatch ASX Scans: Chalice Mining, Elders, Fenix Resources, Firefly Metals, Nufarm, Ramsay Health Care, Rio Tinto
Wed 17 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Emeco (EHL), Elders (ELD), Fenix Resources (FEX), Firefly Metals (FFM), Vaneck Gold Miners ETF (GDX), Goodman (GMG), Global X Physical Gold (GOLD), Intelligent Monitoring (IMBMetals X (MLX), Ora Banda Mining (OBM)
- Interesting downtrends in today's Scans: Aussie Broadband (ABB), Audinate (AD8), Adriatic Metals (ADT), Chalice Mining (CHN), Collins Foods (CKF), Deterra Royalties (DRR), Develop Global (DVP), Nufarm (NUF), Ramsay Health Care (RHC), Rio Tinto (RIO)
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 % |
|---|---|---|---|---|
Austin Engineering | ANG | $0.640 | +11.3% | +124.6% |
Austal | ASB | $2.56 | +8.9% | -8.2% |
BetaShares Asia Technology Tigers ETF | ASIA | $9.35 | +1.9% | +24.7% |
Bell Financial Group | BFG | $1.475 | +12.6% | +44.6% |
Brickworks | BKW | $28.55 | +6.6% | +12.7% |
Bank of Queensland | BOQ | $6.18 | +5.5% | +8.8% |
Emeco | EHL | $0.830 | +17.7% | +20.3% |
Elders | ELD | $9.17 | +14.2% | +30.1% |
Fenix Resources | FEX | $0.405 | +24.6% | +39.7% |
Firefly Metals | FFM | $0.870 | +30.8% | +123.1% |
Frontier Energy | FHE | $0.575 | +32.2% | +55.4% |
Vaneck Gold Miners ETF | GDX | $56.85 | +12.5% | +22.0% |
Goodman Group | GMG | $36.25 | +2.6% | +76.1% |
Genusplus Group | GNP | $2.18 | +16.6% | +98.2% |
Global X Physical Gold Global X Physical Gold | GOLD | $33.30 | +2.7% | +25.0% |
GQG Partners | GQG | $2.98 | +10.8% | +88.0% |
Gentrack Group | GTK | $9.70 | +6.4% | +147.4% |
HMC Capital | HMC | $7.68 | +4.2% | +60.3% |
iShares Core Global Corporate Bond (Hedged) ETF | IHCB | $92.11 | +0.4% | +1.5% |
Intelligent Monitoring Group | IMB | $0.565 | +31.4% | +517.3% |
Iress | IRE | $8.89 | +11.7% | -17.8% |
Loftus Peak Global Disruption Fund ETF | LPGD | $4.78 | +1.7% | +44.8% |
Metals X | MLX | $0.500 | +29.9% | +61.3% |
Mystate | MYS | $3.98 | +7.6% | +16.4% |
Ora Banda Mining | OBM | $0.450 | +25.0% | +246.2% |
OFX Group | OFX | $2.19 | +5.3% | +15.9% |
Regal Partners | RPL | $3.64 | +0.6% | +45.6% |
Resolute Mining | RSG | $0.660 | +34.7% | +51.7% |
Sigma Healthcare | SIG | $1.350 | +11.6% | +69.5% |
SKS Technologies Group | SKS | $1.595 | +109.9% | +480.0% |
Vanguard Australian Property ETF | VAP | $96.23 | +4.5% | +23.0% |
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: Bell Financial Group (ASX: BFG), Emeco (ASX: EHL), Elders (ASX: ELD), Fenix Resources (ASX: FEX), Firefly Metals (ASX: FFM), Vaneck Gold Miners ETF (ASX: GDX), Goodman Group (ASX: GMG), Global X Physical Gold Global X Physical Gold (ASX: GOLD), GQG Partners (ASX: GQG), HMC Capital (ASX: HMC), Intelligent Monitoring Group (ASX: IMB), Iress (ASX: IRE), Metals X (ASX: MLX), Ora Banda Mining (ASX: OBM), Sigma Healthcare (ASX: SIG).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Aussie Broadband | ABB | $2.88 | -18.9% | +1.4% |
Australian Clinical Labs | ACL | $2.37 | -6.3% | -27.1% |
Audinate Group | AD8 | $15.48 | -7.0% | +75.5% |
Adriatic Metals | ADT | $3.23 | -17.4% | -6.6% |
Amotiv | AOV | $10.22 | -3.9% | +4.5% |
Eagers Automotive | APE | $10.44 | +3.2% | -27.3% |
Aurizon | AZJ | $3.66 | +1.4% | -6.4% |
Brainchip | BRN | $0.190 | -11.6% | -47.2% |
Chalice Mining | CHN | $1.205 | -5.1% | -80.0% |
Champion Iron | CIA | $6.34 | -1.7% | +8.4% |
Collins Foods | CKF | $8.86 | -2.6% | -11.1% |
Corporate Travel Management | CTD | $13.41 | +1.3% | -29.7% |
Deterra Royalties | DRR | $3.99 | -1.7% | -13.6% |
Develop Global | DVP | $2.05 | -0.5% | -40.9% |
EVT | EVT | $11.05 | -1.0% | -6.2% |
Imugene | IMU | $0.055 | -5.2% | -36.8% |
Latin Resources | LRS | $0.160 | -20.0% | -55.6% |
Lynas Rare Earths | LYC | $6.30 | +2.9% | -10.8% |
McMillan Shakespeare | MMS | $16.84 | -0.3% | -3.3% |
Monadelphous Group | MND | $12.71 | -1.9% | +3.5% |
Metcash | MTS | $3.57 | -4.0% | -3.5% |
Nufarm | NUF | $4.54 | -4.8% | -14.7% |
Novonix | NVX | $0.665 | +3.9% | -31.1% |
Omni Bridgeway | OBL | $0.935 | -7.0% | -64.7% |
OOH!Media | OML | $1.340 | -1.1% | +7.2% |
Pilbara Minerals | PLS | $3.00 | -4.5% | -41.1% |
Patriot Battery Metals | PMT | $0.535 | -20.1% | -69.7% |
Platinum Asset Management | PTM | $1.035 | -1.4% | -34.9% |
Ramsay Health Care | RHC | $46.71 | -3.4% | -16.6% |
Rio Tinto | RIO | $116.81 | -1.1% | -0.3% |
Smartgroup Corporation | SIQ | $8.27 | +0.9% | +4.5% |
Skycity Entertainment Group | SKC | $1.340 | +0.4% | -38.0% |
Spark New Zealand | SPK | $3.72 | -1.8% | -20.5% |
Strike Energy | STX | $0.210 | +5.0% | -50.0% |
Sayona Mining | SYA | $0.033 | -5.7% | -82.2% |
Temple & Webster Group | TPW | $8.88 | -9.5% | +38.8% |
Viva Energy Group | VEA | $3.13 | -1.9% | +7.2% |
Wildcat Resources | WC8 | $0.265 | -25.4% | +71.0% |
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: Aussie Broadband (ASX: ABB), Audinate Group (ASX: AD8), Adriatic Metals (ASX: ADT), Chalice Mining (ASX: CHN), Collins Foods (ASX: CKF), Deterra Royalties (ASX: DRR), Develop Global (ASX: DVP), EVT (ASX: EVT), McMillan Shakespeare (ASX: MMS), Monadelphous Group (ASX: MND), Metcash (ASX: MTS), Nufarm (ASX: NUF), Ramsay Health Care (ASX: RHC), Rio Tinto (ASX: RIO), Smartgroup Corporation (ASX: SIQ), Temple & Webster Group (ASX: TPW), Wildcat Resources (ASX: WC8).
Charts of each below:
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.
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.
Get the latest news and insights direct to your inbox
Latest Articles
Evening Wrap: ASX 200 closes stronger to cap winning week with a Gold, Gold, Gold performance!
Carl Capolingua · Fri 13 Sep 24, 5:38pm (AEST)
Gold hits record high: Top ASX gold miners to watch
Kerry Sun · Fri 13 Sep 24, 11:41am (AEST)