TECHNICAL ANALYSIS

ChartWatch ASX Scans: CSL, BHP, Rio Tinto, Mineral Resources, Iluka Resources, Nextdc, Global X Artificial Intelligence ETF

Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.

Lead Writer and Presenter
Fri 8 May 2026, 09:00 AEST
4 min read
ChartWatch ASX Scans: CSL, BHP, Rio Tinto, Mineral Resources, Iluka Resources, Nextdc, Global X Artificial Intelligence ETF

Source: Shutterstock

Mentioned

KEY POINTS

  • Today’s most interesting uptrends: Amaero (3DA), BHP (BHP), Bluescope Steel (BSL), Global X AI ETF (GXAI), Iluka (ILU), IPD (IPG), Kingsgate Consolidated (KCN), Mineral Resources (MIN), NRW (NWH), Nextdc (NXT), PMET Resources (PMT), Rio Tinto (RIO).
  • Today’s most interesting downtrends: AGL Energy (AGL), Beach Energy (BPT), CSL (CSL), EQT (EQT).

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 my ChartWatch 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 %
Amaero
3DA
$0.410
+28.1%
+57.7%
Global X Battery Tech & Lithium ETF
ACDC
$180.46
+16.2%
+116.9%
ALS
ALQ
$22.79
-0.6%
+32.2%
Aurelia Metals
AMI
$0.310
+12.7%
+6.9%
BetaShares Asia Tech Tigers ETF
ASIA
$20.29
+27.5%
+91.8%
Global X Uranium ETF
ATOM
$28.50
+9.0%
+107.3%
BHP
BHP
$58.52
+7.3%
+55.6%
Bluescope Steel
BSL
$30.96
+12.3%
+36.7%
BetaShares Crypto Innovators ETF
CRYP
$8.52
+29.8%
+49.7%
Decidr AI Industries
DAI
$0.750
+80.7%
+66.7%
Develop Global
DVP
$5.88
+11.4%
+83.8%
Eden Innovations
EDE
$0.225
+104.5%
+1099.4%
Fidelity Emerging Markets ETF
FEMX
$7.82
+8.3%
+23.2%
Future Generation Global
FGG
$1.710
+8.6%
+18.3%
Fortescue
FMG
$21.42
+1.8%
+34.0%
Global X Artificial Intelligence ETF
GXAI
$16.20
+18.5%
+41.5%
BetaShares Global Shares ETF
HGBL
$82.92
+6.3%
+27.3%
BetaShares Japan ETF
HJPN
$30.37
+3.9%
+53.4%
Iluka Resources
ILU
$8.53
+18.1%
+112.7%
IPD
IPG
$6.31
+25.7%
+61.8%
Kingsgate Consolidated
KCN
$6.90
+32.7%
+266.0%
Mineral Resources
MIN
$71.34
+22.6%
+250.6%
Metals X
MLX
$1.535
+5.5%
+189.6%
Midas Minerals
MM1
$1.035
+28.6%
+639.3%
Mayfield
MYG
$2.69
+19.0%
+169.0%
Nickel Industries
NIC
$1.100
+14.0%
+84.9%
NRW
NWH
$7.14
+18.4%
+167.4%
Nextdc
NXT
$14.87
+34.2%
+20.4%
ORE Resources
OR3
$0.092
+53.3%
+411.1%
PC Gold
PC2
$1.310
+19.1%
0%
PLS Group
PLS
$6.37
+20.6%
+333.3%
PMET Resources
PMT
$0.790
+59.6%
+216.0%
BetaShares Aus Resources ETF
QRE
$10.32
+1.6%
+55.0%
Rio Tinto
RIO
$180.24
+3.8%
+56.4%
Global X Robotics & Automation ETF
ROBO
$104.13
+13.7%
+46.2%
Global X Semiconductor ETF
SEMI
$35.85
+32.7%
+139.0%
Sims
SGM
$21.89
+10.2%
+47.6%
Smartgroup Corp.
SIQ
$10.19
+17.3%
+26.9%
W.H. Soul Pattinson
SOL
$42.95
0%
+16.3%
Vanguard All-World Ex-US ETF
VEU
$115.73
+3.3%
+17.4%
Vaneck International Value ETF
VLUE
$38.13
+9.0%
+36.6%
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: Amaero (3DA), BHP (BHP), Bluescope Steel (BSL), BetaShares Crypto Innovators ETF (CRYP), Decidr AI Industries (DAI), Eden Innovations (EDE), Global X Artificial Intelligence ETF (GXAI), Iluka Resources (ILU), IPD (IPG), Kingsgate Consolidated (KCN), Mineral Resources (MIN), Midas Minerals (MM1), Mayfield (MYG), NRW (NWH), Nextdc (NXT), ORE Resources (OR3), PMET Resources (PMT), Rio Tinto (RIO), Global X Global Robotics & Automation ETF (ROBO), Smartgroup Corp. (SIQ).

10 Randomly chosen Feature Uptrend Charts:

Amaero (ASX-3DA) Daily chart 7 May 2026 BetaShares Crypto Innovators ETF (ASX-CRYP) Daily chart 7 May 2026 BHP (ASX-BHP) Daily chart 7 May 2026 Global X Artificial Intelligence ETF (ASX-GXAI) Daily chart 7 May 2026 Iluka Resources (ASX-ILU) Daily chart 7 May 2026 IPD (ASX-IPG) Daily chart 7 May 2026 Mayfield (ASX-MYG) Daily chart 7 May 2026 Midas Minerals (ASX-MM1) Daily chart 7 May 2026 Mineral Resources (ASX-MIN) Daily chart 7 May 2026 Rio Tinto (ASX-RIO) Daily chart 7 May 2026

ChartWatch *LIVE* Webinar

ChartWatch *LIVE* Webinars – WEEKLY Wednesday's @ 12pm AEDT

Learn more about technical analysis and trend following through real case studies on ASX stocks. Australia's premier technical analyst, Carl Capolingua, shares his unique insights on stocks as requested by viewers. Ask about a company in your portfolio or anything related to trading and investing and get Carl's expert opinion.

Places are limited so >REGISTER NOW!<


Downtrends Scan List 📉

Company
Code
Last Price
1mo %
1yr %
Life360
360
$19.30
-10.9%
-15.0%
Acrow
ACF
$0.845
-9.6%
-18.8%
AGL Energy
AGL
$9.16
-4.4%
-16.2%
Beach Energy
BPT
$1.095
-9.1%
-7.2%
CSL
CSL
$122.00
-14.2%
-51.3%
EQT
EQT
$19.06
-6.8%
-40.2%
Propel Funeral Partners
PFP
$3.69
-7.5%
-28.4%
Ricegrowers
SGLLV
$12.52
-7.3%
+13.8%
Santana Minerals
SMI
$0.600
-17.8%
+15.4%
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: AGL Energy (AGL), Beach Energy (BPT), CSL (CSL), EQT (EQT).

Feature Downtrend Charts:

AGL Energy (ASX-AGL) Daily chart 7 May 2026 Beach Energy (ASX-BPT) Daily chart 7 May 2026 CSL (ASX-CSL) Daily chart 7 May 2026 EQT (ASX-EQT) Daily chart 7 May 2026

Important considerations for 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 next trading today. 3. These lists are not exhaustive, they are carefully 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. 4. 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. 5. This is general, educational information only – so always do your own research!!!

ABOUT THE AUTHOR

Lead Writer and Presenter

Carl brings more than 30 years of investing experience and a track record of helping thousands of investors navigate every kind of market. A highly regarded commentator on global macro trends and their impact on Australian and US equities, he is also one of Australia's most recognised educators in technical analysis — having taught his distinctive price-action trend following methodology to two generations of investors.

24/06/2026