ChartWatch ASX Scans: Australian Clinical Labs, Brainchip, Dropsuite, Dimerix, Siteminder, Turaco Gold, Zip Co, Neuren Pharmaceuticals
Fri 11 Oct 24, 9:00am (AEDT)
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/ChartWatch ASX Scans: Codan, Netwealth, Scentre, Star Entertainment, Audinate, Deterra Royalties, Mineral Resources
Technical Analysis
ChartWatch ASX Scans: Codan, Netwealth, Scentre, Star Entertainment, Audinate, Deterra Royalties, Mineral Resources
Wed 31 Jul 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Aristocrat Leisure (ALL), Austin Engineering (ANG), Codan (CDA), Fenix Resources (FEX), Hub24 (HUB), Intelligent Monitoring (IMB), Netwealth (NWL), Pro Medicus (PME), Star Entertainment (SGR), Technology One (TNE)
- Interesting downtrends in today's Scans: Audinate (AD8), Deterra Royalties (DRR), Fortescue (FMG), Grange Resources (GRR), IGO (IGO), Lifestyle Communities (LIC), Arcadium (LTM), Liontown (LTR), MinRes (MIN), Pilbara Minerals (PLS), Ramsay Health (RHC)
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 % |
|---|---|---|---|---|
Aristocrat Leisure | ALL | $53.90 | +7.7% | +35.3% |
Austin Engineering | ANG | $0.665 | +14.7% | +141.8% |
Abacus Storage King | ASK | $1.260 | +8.2% | 0% |
ASX | ASX | $64.98 | +8.9% | +4.9% |
Bendigo and Adelaide Bank | BEN | $12.34 | +8.1% | +31.8% |
Botanix Pharmaceuticals | BOT | $0.375 | +19.0% | +158.6% |
Commonwealth Bank of Australia | CBA | $135.95 | +7.7% | +27.6% |
Credit Corp Group | CCP | $17.32 | +16.1% | -24.6% |
Codan | CDA | $12.80 | +8.4% | +70.2% |
Cooper Energy | COE | $0.230 | +4.5% | +58.6% |
Cochlear | COH | $343.41 | +6.5% | +42.5% |
Coles Group | COL | $17.96 | +5.7% | -1.9% |
Computershare | CPU | $28.02 | +5.9% | +11.5% |
Catalyst Metals | CYL | $1.965 | +70.9% | +162.0% |
Djerriwarrh Investments | DJW | $3.17 | +6.7% | +7.5% |
Dexus Convenience Retail Reit | DXC | $2.82 | +6.8% | +10.2% |
Elders | ELD | $9.35 | +15.3% | +27.6% |
FBR | FBR | $0.051 | +112.5% | +142.9% |
Fenix Resources | FEX | $0.435 | +33.8% | +35.9% |
Generation Development Group | GDG | $2.59 | +7.0% | +106.3% |
G8 Education | GEM | $1.300 | +9.7% | +15.0% |
iShares FTSE Global Infrastructure (Hedged) ETF | GLIN | $25.93 | +5.4% | +7.1% |
Graincorp | GNC | $8.84 | +0.5% | +10.4% |
Guzman y Gomez | GYG | $29.15 | +17.4% | 0% |
Hearts and Minds Investments | HM1 | $2.70 | +4.2% | +13.0% |
Hub24 | HUB | $48.63 | +5.6% | +74.7% |
Insurance Australia Group | IAG | $7.28 | +2.4% | +21.5% |
Insignia Financial | IFL | $2.69 | +20.1% | -8.2% |
Intelligent Monitoring Group | IMB | $0.635 | +42.7% | +236.5% |
JB HI-FI | JBH | $66.76 | +9.8% | +45.7% |
Kina Securities | KSL | $1.020 | +11.5% | +24.4% |
Lycopodium | LYL | $14.24 | +14.5% | +41.8% |
Medadvisor | MDR | $0.530 | +11.6% | +130.4% |
MFF Capital Investments | MFF | $3.85 | +4.1% | +36.5% |
Magellan Financial Group | MFG | $9.92 | +17.0% | +10.4% |
Macquarie Group | MQG | $207.05 | +1.9% | +18.3% |
Vaneck Australian Banks ETF | MVB | $36.55 | +4.5% | +22.1% |
National Australia Bank | NAB | $37.92 | +5.1% | +33.2% |
Nick Scali | NCK | $14.98 | +11.8% | +52.5% |
Global X India Nifty 50 ETF | NDIA | $78.76 | +4.2% | +22.1% |
Newmont Corporation | NEM | $72.24 | +15.6% | 0% |
Netwealth Group | NWL | $23.05 | +6.7% | +51.9% |
News Corporation | NWS | $43.61 | +1.7% | +49.9% |
Pro Medicus | PME | $138.18 | +1.9% | +103.4% |
Pinnacle Investment Management Group | PNI | $15.95 | +13.7% | +50.8% |
REA Group | REA | $200.34 | +4.8% | +26.5% |
Reliance Worldwide Corporation | RWC | $5.07 | +14.2% | +22.8% |
Scentre Group | SCG | $3.40 | +7.6% | +18.9% |
The Star Entertainment Group | SGR | $0.580 | +17.2% | -41.9% |
SKS Technologies Group | SKS | $1.650 | +63.4% | +685.7% |
Service Stream | SSM | $1.385 | +11.2% | +55.6% |
Super Retail Group | SUL | $15.50 | +14.1% | +28.3% |
Suncorp Group | SUN | $17.44 | +1.8% | +21.0% |
Telstra Group | TLS | $3.90 | +8.0% | -9.5% |
Technology One | TNE | $19.57 | +7.7% | +23.5% |
Ventia Services Group | VNT | $4.27 | +10.6% | +45.7% |
Westpac Banking Corporation | WBC | $29.08 | +6.9% | +30.8% |
Wesfarmers | WES | $71.64 | +9.9% | +42.9% |
Zip Co. | ZIP | $1.825 | +25.0% | +324.4% |
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: Aristocrat Leisure (ASX: ALL), Austin Engineering (ASX: ANG), Commonwealth Bank of Australia (ASX: CBA), Credit Corp Group (ASX: CCP), Codan (ASX: CDA), Coles Group (ASX: COL), Fenix Resources (ASX: FEX), Hub24 (ASX: HUB), Intelligent Monitoring Group (ASX: IMB), Vaneck Australian Banks ETF (ASX: MVB), National Australia Bank (ASX: NAB), Netwealth Group (ASX: NWL), Pro Medicus (ASX: PME), Reliance Worldwide Corporation (ASX: RWC), Scentre Group (ASX: SCG), The Star Entertainment Group (ASX: SGR), Service Stream (ASX: SSM), Super Retail Group (ASX: SUL), Suncorp Group (ASX: SUN), Technology One (ASX: TNE), Ventia Services Group (ASX: VNT), Westpac Banking Corporation (ASX: WBC).
Charts of each below:
(CCP is an Aggressive setup)
(SGR is an Aggressive setup)
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Clinical Labs | ACL | $2.46 | -2.0% | -23.6% |
Audinate Group | AD8 | $14.32 | -6.6% | +58.8% |
Australian Ethical Investment | AEF | $3.89 | -9.5% | -4.2% |
Auckland International Airport | AIA | $6.74 | -3.4% | -12.1% |
Eagers Automotive | APE | $10.25 | -1.8% | -30.0% |
Bellevue Gold | BGL | $1.330 | -25.5% | -8.3% |
Brainchip | BRN | $0.190 | -15.6% | -46.5% |
Champion Iron | CIA | $6.03 | -7.4% | +0.5% |
Clinuvel Pharmaceuticals | CUV | $14.59 | -4.5% | -21.9% |
Calix | CXL | $0.950 | -35.2% | -78.3% |
Core Lithium | CXO | $0.091 | 0% | -87.0% |
Domino's Pizza Enterprises | DMP | $32.20 | -10.0% | -33.9% |
Deterra Royalties | DRR | $3.84 | -4.2% | -19.3% |
Fortescue | FMG | $18.28 | -16.0% | -20.2% |
Grange Resources | GRR | $0.315 | -17.1% | -41.1% |
IGO | IGO | $5.40 | -7.7% | -62.0% |
Iluka Resources | ILU | $5.92 | -11.2% | -43.7% |
Imugene | IMU | $0.053 | -3.6% | -42.4% |
Ioneer | INR | $0.130 | -7.1% | -55.9% |
IPH | IPH | $5.98 | -3.5% | -27.6% |
Karoon Energy | KAR | $1.805 | -0.6% | -19.0% |
Lifestyle Communities | LIC | $9.04 | -27.6% | -45.3% |
Arcadium Lithium | LTM | $4.79 | -3.2% | 0% |
Liontown Resources | LTR | $0.915 | +2.8% | -67.8% |
Lynas Rare Earths | LYC | $6.09 | -1.1% | -7.4% |
Mineral Resources | MIN | $51.98 | -5.4% | -28.7% |
Monadelphous Group | MND | $12.77 | -2.4% | -4.3% |
Metcash | MTS | $3.58 | +0.6% | -1.6% |
Mayne Pharma Group | MYX | $4.26 | -8.2% | -8.4% |
Nine Entertainment | NEC | $1.400 | +2.2% | -34.3% |
Pilbara Minerals | PLS | $2.79 | -9.4% | -44.3% |
Platinum Asset Management | PTM | $1.030 | -2.8% | -36.2% |
Ramsay Health Care | RHC | $44.93 | -3.8% | -22.6% |
Regis Resources | RRL | $1.625 | -7.4% | -22.2% |
Strike Energy | STX | $0.190 | -19.1% | -57.8% |
Sayona Mining | SYA | $0.030 | -11.8% | -80.0% |
Syrah Resources | SYR | $0.260 | -25.7% | -62.7% |
Talga Group | TLG | $0.430 | -25.9% | -67.3% |
Vulcan Steel | VSL | $6.41 | -1.4% | -16.9% |
Wildcat Resources | WC8 | $0.230 | -27.0% | +27.8% |
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: Audinate Group (ASX: AD8), Auckland International Airport (ASX: AIA), Eagers Automotive (ASX: APE), Domino's Pizza Enterprises (ASX: DMP), Deterra Royalties (ASX: DRR), Fortescue (ASX: FMG), Grange Resources (ASX: GRR), IGO (ASX: IGO), Lifestyle Communities (ASX: LIC), Arcadium Lithium (ASX: LTM), Liontown Resources (ASX: LTR), Mineral Resources (ASX: MIN), Mayne Pharma Group (ASX: MYX), Pilbara Minerals (ASX: PLS), Ramsay Health Care (ASX: RHC), Regis Resources (ASX: RRL), 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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