The high-performing ASX stock flying under the radar
Fri 11 Oct 24, 11:23am (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Clarity Pharmaceuticals, Firefly Metals, LTR Pharma, Collins Foods, Domino's Pizza, Corporate Travel, Perpetual
Technical Analysis
ChartWatch ASX Scans: Clarity Pharmaceuticals, Firefly Metals, LTR Pharma, Collins Foods, Domino's Pizza, Corporate Travel, Perpetual
Fri 23 Aug 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Appen (APX), Accent (AX1), Codan (CDA), Clarity Pharmaceuticals (CU6), Firefly Metals (FFM), Hub24 (HUB), Lovisa (LOV), LTR Pharma (LTP), Pantoro (PNR), Technology One (TNE), Wesfarmers (WES), Westgold Resources (WGX)
- Interesting downtrends in today's Scans: Bannerman Energy (BMN), Collins Foods (CKF), Corporate Travel (CTD), Clinuvel Pharmaceuticals (CUV), Domino's Pizza Enterprises (DMP), Flight Centre Travel (FLT), Johns Lyng (JLG), Nanosonics (NAN), Perpetual (PPT)
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 % |
|---|---|---|---|---|
Australian Clinical Labs | ACL | $2.80 | +7.7% | -13.0% |
Adairs | ADH | $2.23 | +6.2% | +57.6% |
Australian Gold and Copper | AGC | $0.355 | +22.4% | +545.5% |
Australian Unity Office Fund | AOF | $1.325 | +5.6% | +2.4% |
Appen | APX | $1.320 | +190.1% | -29.5% |
Aspen Group | APZ | $2.17 | +14.2% | +24.0% |
ARB Corporation | ARB | $41.92 | +4.9% | +25.0% |
Abacus Storage King | ASL | $0.780 | -6.0% | +194.3% |
BetaShares S&P/ASX Australian Technology ETF | ATEC | $26.21 | +7.9% | +34.2% |
Accent Group | AX1 | $2.42 | +10.5% | +27.4% |
Bega Cheese | BGA | $4.53 | +4.1% | +45.2% |
Breville Group | BRG | $31.58 | +14.9% | +25.2% |
Bravura Solutions | BVS | $1.375 | +21.7% | +180.6% |
Brambles | BXB | $18.03 | +18.5% | +28.2% |
Codan | CDA | $14.40 | +15.6% | +81.8% |
Charter Hall Group | CHC | $14.51 | +20.5% | +34.7% |
Charter Hall Long Wale Reit | CLW | $3.75 | +9.0% | +6.5% |
Clarity Pharmaceuticals | CU6 | $6.89 | +6.7% | +605.2% |
BetaShares Australian Sustainability Leaders ETF | FAIR | $20.41 | +3.9% | +12.1% |
Firefly Metals | FFM | $0.960 | +14.3% | +88.2% |
Generation Development Group | GDG | $2.72 | +10.1% | +120.9% |
GPT Group | GPT | $4.80 | +11.9% | +16.5% |
Guzman y Gomez | GYG | $33.53 | +23.3% | 0% |
Hub24 | HUB | $54.31 | +12.2% | +93.8% |
Infomedia | IFM | $1.810 | +9.4% | +10.4% |
IVE Group | IGL | $2.23 | -1.3% | -6.7% |
JB HI-FI | JBH | $76.77 | +14.2% | +66.8% |
Lovisa | LOV | $37.07 | +9.4% | +68.2% |
LTR Pharma | LTP | $1.550 | +91.4% | 0% |
Lynas Rare Earths | LYC | $6.90 | +13.9% | -0.9% |
MA Financial Group | MAF | $5.13 | +16.1% | +17.7% |
Macmahon | MAH | $0.335 | +19.6% | +116.1% |
Maas Group | MGH | $4.55 | +2.2% | +47.2% |
Vaneck Australian Property ETF | MVA | $22.83 | +4.6% | +12.2% |
Nick Scali | NCK | $15.32 | +3.9% | +24.9% |
NRW | NWH | $3.57 | +6.6% | +32.7% |
Netwealth Group | NWL | $23.25 | +0.2% | +47.5% |
Premier Investments | PMV | $34.66 | +9.3% | +42.0% |
Pantoro | PNR | $0.110 | +32.5% | +120.0% |
Qantas Airways | QAN | $6.22 | +5.1% | +0.5% |
Qube | QUB | $3.89 | +4.3% | +44.6% |
Reliance Worldwide Corporation | RWC | $5.20 | +4.8% | +33.7% |
SG Fleet Group | SGF | $3.27 | +2.8% | +24.8% |
Stockland | SGP | $4.76 | +7.7% | +15.3% |
Superloop | SLC | $1.800 | +16.9% | +164.7% |
SRG Global | SRG | $0.950 | +2.7% | +31.0% |
Service Stream | SSM | $1.460 | +9.0% | +64.0% |
Super Retail Group | SUL | $17.70 | +15.5% | +39.3% |
Southern Cross Electrical Engineering | SXE | $1.885 | +2.4% | +177.2% |
Southern Cross Gold | SXG | $2.72 | +14.3% | +504.7% |
Transurban Group | TCL | $13.51 | +4.9% | +2.5% |
Technology One | TNE | $23.27 | +20.5% | +59.7% |
Wesfarmers | WES | $75.21 | +4.0% | +51.6% |
Westgold Resources | WGX | $3.07 | +12.9% | +113.9% |
Waypoint Reit | WPR | $2.61 | +6.1% | +4.4% |
Wisetech Global | WTC | $120.39 | +26.7% | +42.9% |
Xero | XRO | $144.67 | +6.5% | +25.8% |
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: Appen (ASX: APX), Accent Group (ASX: AX1), Breville Group (ASX: BRG), Codan (ASX: CDA), Charter Hall Group (ASX: CHC), Clarity Pharmaceuticals (ASX: CU6), Firefly Metals (ASX: FFM), Hub24 (ASX: HUB), Lovisa (ASX: LOV), LTR Pharma (ASX: LTP), Macmahon (ASX: MAH), Premier Investments (ASX: PMV), Pantoro (ASX: PNR), Superloop (ASX: SLC), Technology One (ASX: TNE), Wesfarmers (ASX: WES), Westgold Resources (ASX: WGX).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.780 | -3.1% | -35.8% |
Ampol | ALD | $30.68 | -7.3% | -7.8% |
Bannerman Energy | BMN | $2.30 | -19.9% | +37.3% |
Boss Energy | BOE | $2.93 | -18.4% | -10.1% |
Beach Energy | BPT | $1.280 | -12.3% | -17.9% |
Collins Foods | CKF | $7.68 | -14.7% | -23.3% |
Corporate Travel Management | CTD | $11.36 | -11.9% | -40.1% |
Clinuvel Pharmaceuticals | CUV | $13.19 | -12.6% | -37.2% |
Domino's Pizza Enterprises | DMP | $30.95 | -7.9% | -35.4% |
Deep Yellow | DYL | $1.030 | -14.9% | +24.1% |
Flight Centre Travel Group | FLT | $19.60 | -10.6% | -10.7% |
Imugene | IMU | $0.052 | -7.1% | -30.7% |
Johns Lyng Group | JLG | $5.34 | -11.3% | -4.6% |
Karoon Energy | KAR | $1.710 | -4.7% | -22.2% |
Lotus Resources | LOT | $0.220 | -25.4% | -2.2% |
Arcadium Lithium | LTM | $4.18 | -18.2% | 0% |
Liontown Resources | LTR | $0.810 | -16.1% | -70.1% |
Mineral Resources | MIN | $46.38 | -11.9% | -27.5% |
Megaport | MP1 | $9.32 | -16.4% | -10.3% |
Monash IVF Group | MVF | $1.260 | -5.6% | +8.2% |
Nanosonics | NAN | $2.75 | -11.6% | -41.9% |
Paladin Energy | PDN | $10.02 | -14.9% | +30.1% |
Perpetual | PPT | $20.91 | -7.5% | -15.1% |
Platinum Asset Management | PTM | $1.005 | -6.5% | -38.0% |
Power | PWH | $9.54 | -20.2% | -4.3% |
Syrah Resources | SYR | $0.220 | -26.7% | -62.9% |
Tabcorp | TAH | $0.570 | -16.2% | -45.7% |
Terracom | TER | $0.190 | -7.3% | -58.7% |
The Lottery Corporation | TLC | $4.88 | -1.8% | -5.4% |
Talga Group | TLG | $0.395 | -10.2% | -69.3% |
Viva Energy Group | VEA | $3.08 | +1.7% | -1.9% |
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: Bannerman Energy (ASX: BMN), Collins Foods (ASX: CKF), Corporate Travel Management (ASX: CTD), Clinuvel Pharmaceuticals (ASX: CUV), Domino's Pizza Enterprises (ASX: DMP), Flight Centre Travel Group (ASX: FLT), Johns Lyng Group (ASX: JLG), Nanosonics (ASX: NAN), Perpetual (ASX: PPT).
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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