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/ChartWatch ASX Scans: Clarity Pharmaceuticals, Evolution Mining, Hub24, Netwealth, Beach Energy, Corporate Travel, Metcash
Technical Analysis
ChartWatch ASX Scans: Clarity Pharmaceuticals, Evolution Mining, Hub24, Netwealth, Beach Energy, Corporate Travel, Metcash
Thu 25 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Botanix Pharmaceuticals, Catapult International, Capricorn Metals, Clarity Pharmaceuticals, Catalyst Metals, Empire Energy, Evolution Mining, Hub24, Netwealth, Pro Medicus, Spartan Resources, Westgold Resources, ZipCo
- Interesting downtrends in today's Scans: Aurizon, Beach Energy, Corporate Travel, Calix, Domino's Pizza, Develop Global, EVT, Hansen Technologies, IGO, Lotus Resources, Latin Resources, Pilbara Minerals, Patriot Battery Metals, Ramsay Health, Strike Energy
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 % |
|---|---|---|---|---|
Adairs | ADH | $2.10 | +12.9% | +27.7% |
ALS | ALQ | $15.15 | +4.4% | +33.7% |
Austal | ASB | $2.57 | +5.3% | -4.8% |
AUB Group | AUB | $32.38 | +1.5% | +12.7% |
Bendigo and Adelaide Bank | BEN | $12.30 | +6.5% | +34.4% |
Botanix Pharmaceuticals | BOT | $0.380 | +4.1% | +192.3% |
Catapult Group International | CAT | $2.08 | +10.1% | +89.1% |
Codan | CDA | $12.46 | +6.9% | +60.2% |
Capricorn Metals | CMM | $5.46 | +11.2% | +16.2% |
Computershare | CPU | $27.35 | +3.8% | +9.4% |
Clarity Pharmaceuticals | CU6 | $6.46 | +32.9% | +649.1% |
Catalyst Metals | CYL | $1.920 | +76.1% | +157.7% |
Dropsuite | DSE | $3.48 | +28.9% | +24.3% |
Data#3 | DTL | $8.57 | +2.6% | +16.0% |
Duratec | DUR | $1.300 | +13.5% | +7.9% |
Empire Energy Group | EEG | $0.290 | +38.1% | +75.8% |
Emerald Resources | EMR | $4.05 | +17.1% | +76.1% |
Electro Optic Systems | EOS | $1.850 | +24.2% | +59.5% |
EQT | EQT | $33.36 | +1.9% | +28.3% |
Evolution Mining | EVN | $4.10 | +17.1% | +10.2% |
EZZ Life Science | EZZ | $2.20 | +51.7% | +340.0% |
Fisher & Paykel Healthcare Corporation | FPH | $29.73 | +6.8% | +31.7% |
Vaneck Gold Miners ETF | GDX | $57.03 | +10.4% | +23.5% |
Genesis Minerals | GMD | $2.17 | +18.6% | +49.7% |
Global X Physical Gold Global X Physical Gold | GOLD | $33.84 | +5.2% | +25.7% |
Gold Road Resources | GOR | $1.810 | +9.0% | +13.8% |
GQG Partners | GQG | $3.09 | +16.2% | +87.3% |
Hearts and Minds Investments | HM1 | $2.69 | +3.1% | +15.5% |
Hub24 | HUB | $48.41 | +4.8% | +82.0% |
Harvey Norman | HVN | $4.63 | +1.1% | +26.5% |
Insignia Financial | IFL | $2.68 | +18.1% | -3.2% |
IVE Group | IGL | $2.26 | +19.3% | +1.8% |
Intelligent Monitoring Group | IMB | $0.615 | +38.2% | +443.1% |
Kina Securities | KSL | $0.985 | +6.5% | +26.3% |
Light & Wonder | LNW | $162.28 | +4.7% | +59.9% |
Lycopodium | LYL | $13.78 | +4.8% | +36.8% |
Maas Group | MGH | $4.45 | +7.7% | +71.2% |
National Australia Bank | NAB | $37.59 | +2.5% | +34.7% |
Nick Scali | NCK | $14.75 | +5.6% | +51.3% |
Northern Star Resources | NST | $14.35 | +7.0% | +23.0% |
NRW | NWH | $3.35 | +8.1% | +25.9% |
Netwealth Group | NWL | $23.21 | +4.3% | +59.5% |
News Corporation | NWS | $43.93 | +3.1% | +47.2% |
Ora Banda Mining | OBM | $0.430 | +19.4% | +290.9% |
OFX Group | OFX | $2.24 | +1.8% | +6.7% |
Platinum Capital | PMC | $1.455 | +4.7% | +13.2% |
Pro Medicus | PME | $137.92 | -3.6% | +107.4% |
Pinnacle Investment Management Group | PNI | $16.64 | +19.0% | +63.1% |
Perenti | PRN | $1.055 | +7.1% | -13.9% |
Redox | RDX | $3.20 | +0.9% | +39.1% |
Resolute Mining | RSG | $0.650 | +19.3% | +49.4% |
Reliance Worldwide Corporation | RWC | $4.96 | +8.8% | +27.2% |
Spartan Resources | SPR | $1.310 | +43.2% | +559.2% |
Service Stream | SSM | $1.340 | +6.3% | +52.3% |
Suncorp Group | SUN | $17.21 | +0.6% | +23.2% |
Southern Cross Electrical Engineering | SXE | $1.840 | +2.5% | +178.8% |
Tasmea | TEA | $1.730 | +17.7% | 0% |
Ventia Services Group | VNT | $4.21 | +9.6% | +44.7% |
Vulcan Energy Resources | VUL | $4.69 | +22.5% | +1.5% |
Westpac Banking Corporation | WBC | $28.53 | +3.9% | +30.5% |
Westgold Resources | WGX | $2.72 | +5.8% | +68.4% |
XRF Scientific | XRF | $1.560 | +13.0% | +26.3% |
Zip Co. | ZIP | $1.825 | +35.2% | +310.1% |
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: Adairs (ASX: ADH), AUB Group (ASX: AUB), Botanix Pharmaceuticals (ASX: BOT), Catapult Group International (ASX: CAT), Codan (ASX: CDA), Capricorn Metals (ASX: CMM), Clarity Pharmaceuticals (ASX: CU6), Catalyst Metals (ASX: CYL), Empire Energy Group (ASX: EEG), Evolution Mining (ASX: EVN), Fisher & Paykel Healthcare Corporation (ASX: FPH), Global X Physical Gold Global X Physical Gold (ASX: GOLD), GQG Partners (ASX: GQG), Hub24 (ASX: HUB), Netwealth Group (ASX: NWL), News Corporation (ASX: NWS), Pro Medicus (ASX: PME), Pinnacle Investment Management Group (ASX: PNI), Spartan Resources (ASX: SPR), Southern Cross Electrical Engineering (ASX: SXE), Westpac Banking Corporation (ASX: WBC), Westgold Resources (ASX: WGX), Zip Co. (ASX: ZIP).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Auckland International Airport | AIA | $6.92 | -2.9% | -8.6% |
APA Group | APA | $7.83 | -6.1% | -19.6% |
Aurizon | AZJ | $3.57 | -3.3% | -4.5% |
Boss Energy | BOE | $3.59 | -9.8% | +16.6% |
Beach Energy | BPT | $1.460 | -2.7% | -2.3% |
Corporate Travel Management | CTD | $12.90 | -6.0% | -35.0% |
Calix | CXL | $0.925 | -28.3% | -78.0% |
Core Lithium | CXO | $0.094 | +9.3% | -89.7% |
Domino's Pizza Enterprises | DMP | $33.61 | -10.7% | -31.7% |
Develop Global | DVP | $1.895 | -15.0% | -42.6% |
EVT | EVT | $10.71 | -8.1% | -10.8% |
GDI Property Group | GDI | $0.560 | -5.9% | -16.4% |
Growthpoint Properties Australia | GOZ | $2.28 | -5.0% | -19.7% |
Grange Resources | GRR | $0.335 | -6.9% | -41.2% |
Hansen Technologies | HSN | $4.34 | -2.7% | -10.7% |
IDP Education | IEL | $13.93 | -5.4% | -39.5% |
IGO | IGO | $5.54 | -3.5% | -61.6% |
Ioneer | INR | $0.135 | -6.9% | -59.1% |
IPH | IPH | $6.06 | -4.1% | -23.9% |
Lotus Resources | LOT | $0.280 | -16.4% | +43.6% |
Latin Resources | LRS | $0.150 | -14.3% | -54.5% |
Liontown Resources | LTR | $0.965 | +7.2% | -65.9% |
Metcash | MTS | $3.57 | -4.0% | -1.1% |
Mayne Pharma Group | MYX | $4.52 | -0.9% | -3.2% |
Nufarm | NUF | $4.50 | -3.6% | -17.9% |
Omni Bridgeway | OBL | $0.945 | -9.1% | -67.0% |
Paladin Energy | PDN | $11.78 | -6.2% | +55.0% |
Pilbara Minerals | PLS | $2.89 | -8.3% | -40.7% |
Patriot Battery Metals | PMT | $0.480 | -14.3% | -69.5% |
Ramsay Health Care | RHC | $46.62 | -2.2% | -17.5% |
Smartgroup Corporation | SIQ | $8.41 | -3.0% | -0.9% |
Strike Energy | STX | $0.195 | -15.2% | -54.7% |
Sayona Mining | SYA | $0.032 | -8.6% | -81.2% |
Syrah Resources | SYR | $0.300 | -11.8% | -60.8% |
Tyro Payments | TYR | $0.925 | -5.6% | -30.7% |
Weebit Nano | WBT | $2.33 | -0.9% | -59.3% |
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: Auckland International Airport (ASX: AIA), APA Group (ASX: APA), Aurizon (ASX: AZJ), Beach Energy (ASX: BPT), Corporate Travel Management (ASX: CTD), Calix (ASX: CXL), Domino's Pizza Enterprises (ASX: DMP), Develop Global (ASX: DVP), EVT (ASX: EVT), Hansen Technologies (ASX: HSN), IGO (ASX: IGO), IPH (ASX: IPH), Lotus Resources (ASX: LOT), Latin Resources (ASX: LRS), Metcash (ASX: MTS), Mayne Pharma Group (ASX: MYX), Pilbara Minerals (ASX: PLS), Patriot Battery Metals (ASX: PMT), Ramsay Health Care (ASX: RHC), Strike Energy (ASX: STX).
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.
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