ChartWatch ASX Scans: Commonwealth Bank, Wesfarmers, JB Hi-Fi, Resmed, Champion Iron, Global X Battery Tech & Lithium ETF
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Interesting uptrends in today's scans: Commonwealth Bank (CBA), Champion Iron (CIA), Caprice Resources (CRS), Focus Minerals (FML), G50 Corp (G50), Kingsgate (KCN), Mayfield (MYG), Regis Resources (RRL), Sims (SGM), Titan Minerals (TTM), Westgold (WGX).
- Interesting downtrends in today's scans: Adairs (ADH) Car (CAR), Flight Centre (FLT), Goodman Group (GMG), Guzman Y Gomez (GYG), JB HI-FI (JBH), Nuix (NXL), REA (REA), Resmed (RMD Treasury Wine (TWE), Web Travel (WEB), Wesfarmers (WES), Wisetech (WTC).
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What a difference a day makes! Today's Feature Uptrend list has rebounded to a more "normal" 13 – compared to yesterday's record low of just 1! But I note there remains an abundance of Downtrends Scan List constituents, and therefore, clearly, there also remains a "soft underbelly" of major ASX stocks whose share prices are generally deteriorating...⚠️
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. You can also watch these videos 📺 in which I perform live analysis of ASX stocks as requested by viewers, including detailed explanations of how my methodology works.
How to use the Uptrends & Downtrends lists, and Feature Chart lists
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 % |
|---|---|---|---|---|
Global X Battery Tech & Lithium ETF | ACDC | $133.56 | +7.5% | +60.1% |
APA Group | APA | $9.27 | +2.8% | +32.6% |
Blinklab | BB1 | $0.800 | +49.5% | +207.7% |
Chrysos Corp. | C79 | $9.07 | +13.0% | +70.5% |
Commonwealth Bank of Australia. | CBA | $178.57 | +5.4% | +23.7% |
Champion Iron | CIA | $5.55 | +18.3% | -9.2% |
Caprice Resources | CRS | $0.155 | +6.9% | +416.7% |
Downer EDI | DOW | $7.74 | +3.1% | +37.2% |
Emerald Resources | EMR | $5.12 | +0.6% | +21.3% |
Focus Minerals | FML | $2.77 | +42.8% | +1482.9% |
G50 Corp | G50 | $0.570 | +16.3% | +256.3% |
Grange Resources | GRR | $0.255 | +8.5% | +6.3% |
Kingsgate Consolidated | KCN | $4.41 | +6.5% | +183.6% |
Mayfield Group Holdings | MYG | $1.990 | +18.5% | +168.7% |
Regis Healthcare | REG | $7.58 | +14.8% | +17.0% |
Regis Resources | RRL | $6.56 | +5.0% | +147.5% |
Sims | SGM | $15.95 | +20.7% | +25.1% |
Servcorp | SRV | $7.48 | +5.2% | +46.7% |
Titan Minerals | TTM | $0.595 | +35.2% | +1.7% |
Wagners Holding Company | WGN | $3.17 | +17.4% | +149.6% |
Westgold Resources | WGX | $5.55 | +0.9% | +73.4% |
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: Global X Battery Tech & Lithium ETF (ASX: ACDC), Blinklab (ASX: BB1), Commonwealth Bank of Australia. (ASX: CBA), Champion Iron (ASX: CIA), Caprice Resources (ASX: CRS), Focus Minerals (ASX: FML), G50 Corp (ASX: G50), Kingsgate Consolidated (ASX: KCN), Mayfield Group Holdings (ASX: MYG), Regis Resources (ASX: RRL), Sims (ASX: SGM), Titan Minerals (ASX: TTM), Westgold Resources (ASX: WGX).
10 Randomly chosen Feature Uptrend Charts:
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Downtrends Scan List 📉
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Audinate Group | AD8 | $4.39 | -22.8% | -52.4% |
Atlas Arteria | ALX | $4.87 | +2.5% | -1.2% |
Appen | APX | $0.720 | -16.8% | -61.9% |
Bapcor | BAP | $2.32 | -26.6% | -48.6% |
Boss Energy | BOE | $1.745 | -12.8% | -45.1% |
Car Group | CAR | $34.56 | -5.9% | -9.9% |
Credit Corp Group | CCP | $13.60 | -10.1% | -20.9% |
Clinuvel Pharmaceuticals | CUV | $10.83 | -10.4% | -20.4% |
Flight Centre Travel | FLT | $11.70 | +1.0% | -24.7% |
Findi | FND | $1.890 | -42.7% | -67.4% |
G8 Education | GEM | $0.660 | -21.4% | -50.4% |
Goodman Group | GMG | $30.71 | -8.5% | -15.9% |
GQG Partners | GQG | $1.440 | -10.8% | -46.1% |
Guzman Y Gomez | GYG | $24.43 | -9.5% | -33.5% |
HMC Capital | HMC | $3.12 | +0.6% | -69.3% |
Integral Diagnostics | IDX | $2.50 | -7.4% | -16.4% |
IDP Education | IEL | $4.99 | -23.8% | -64.2% |
IPH | IPH | $3.50 | -3.3% | -35.4% |
JB HI-FI | JBH | $97.65 | -14.7% | +20.6% |
Kogan.Com | KGN | $3.03 | -7.9% | -36.5% |
Lindsay Australia | LAU | $0.590 | -5.6% | -28.0% |
Lifestyle Communities | LIC | $5.20 | -7.6% | -39.7% |
McMillan Shakespeare | MMS | $15.96 | -3.6% | +9.8% |
Metal Powder Works | MPW | $2.33 | -24.8% | -56.6% |
Myer Holdings | MYR | $0.390 | -17.9% | -56.7% |
Nufarm | NUF | $2.09 | -8.3% | -46.7% |
News Corp. Class B | NWS | $44.99 | -4.6% | +0.9% |
Nuix | NXL | $2.13 | -31.7% | -70.7% |
OOH!Media | OML | $1.340 | -6.6% | +9.4% |
Propel Funeral Partners | PFP | $4.69 | -7.3% | -22.2% |
Pmet Resources | PMT | $0.355 | -18.4% | -5.3% |
Pinnacle Investment | PNI | $17.99 | -2.2% | -10.0% |
Polynovo | PNV | $1.220 | -17.0% | -39.6% |
REA Group | REA | $211.21 | -4.0% | -9.4% |
Ramsay Health Care | RHC | $30.92 | -3.4% | -21.7% |
Resmed Inc | RMD | $37.70 | -12.3% | +1.7% |
Reliance Worldwide Corp. | RWC | $3.96 | -1.0% | -23.7% |
Steadfast Group | SDF | $5.20 | -13.6% | -3.9% |
Supply Network | SNL | $33.53 | -5.0% | +9.2% |
Spark New Zealand | SPK | $2.03 | -3.3% | -24.3% |
Treasury Wine Estates | TWE | $5.78 | -15.7% | -48.9% |
Web Travel Group | WEB | $3.99 | -5.9% | -0.3% |
Wesfarmers | WES | $81.16 | -6.4% | +23.7% |
Wisetech Global | WTC | $67.97 | -20.5% | -42.5% |
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: Audinate Group (ASX: AD8), Adairs (ASX: ADH), Bapcor (ASX: BAP), Car Group (ASX: CAR), Flight Centre Travel Group (ASX: FLT), G8 Education (ASX: GEM), Goodman Group (ASX: GMG), Guzman Y Gomez (ASX: GYG), IPH (ASX: IPH), JB HI-FI (ASX: JBH), Kogan.Com (ASX: KGN), McMillan Shakespeare (ASX: MMS), Metal Powder Works (ASX: MPW), News Corp. Class B (ASX: NWS), Nuix (ASX: NXL), Pinnacle Investment Management Group (ASX: PNI), REA Group (ASX: REA), Resmed Inc (ASX: RMD), Supply Network (ASX: SNL), Spark New Zealand (ASX: SPK), Treasury Wine Estates (ASX: TWE), Web Travel Group (ASX: WEB), Wesfarmers (ASX: WES), Wisetech Global (ASX: WTC).
10 Randomly chosen Feature Downtrend Charts:
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Important considerations when using the ChartWatch Daily ASX Scans:
1. For more information on Carl's trend following information, check out his Technical analysis for beginners: ChartWatch Primer.
2. 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's 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 – so always do your own research!!!
