ChartWatch ASX Scans: CSL, Cochlear, Resmed, IDP Education, Harvey Norman, Nick Scali, Judo Capital, Global X Hydrogen 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
- Today’s most interesting uptrends: Altair Minerals (ALR), Decidr AI Industries (DAI), Global X Hydrogen ETF (HGEN), Kingsgate Consolidated (KCN), Predictive Discovery (PDI).
- Today’s most interesting downtrends: Cochlear (COH), CSL (CSL), Clinuvel Pharmaceuticals (CUV), Ebos (EBO), Generation Development (GDG), Harvey Norman (HVN), IDP Education (IEL), Judo Capital (JDO), Nick Scali (NCK), Resmed (RMD).
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.
For those of you who clicked on a ChartWatch link for the first time — probably because CSL or Cochlear are in the title — you are going to be very disappointed if you thought this article was going to reassure you these two "blue-chip" stocks are worth persevering with!
That's not how ChartWatch works. Nope, we're trend followers here. So, if a stock is in an almighty downtrend, like CSL and Cochlear, we never say things like:
Ooh — it must be cheap! 🚫
It's gone down too much... 🚫
It can't go any lower from here... 🚫
Surely it's oversold!? Surely it must bounce!? 🚫
It's not fair! The market has gone crazy! 🚫
I can't sell now... If I do, it's bound to go straight back up! 🚫😭
85 times and 51 times. That's how many times, respectively, CSL and Cochlear have appeared in the Downtrends Scan List since ChartWatch ASX Scans began back in May 2024. An appearance in the Downtrends Scan List coincides with my view that more often than not, the stock in question is likely to fall in value 📉.
So what does the ChartWatch Model say about CSL and Cochlear today? Keep scrolling to see which list they're in! 😉
Uptrends Scan List 📈
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Altair Minerals | ALR | $0.041 | +105.0% | +1540.0% |
Arafura Rare Earths | ARU | $0.330 | +17.9% | +94.1% |
Coles | COL | $23.07 | +6.9% | +9.3% |
Decidr AI Industries | DAI | $0.590 | +55.3% | +18.0% |
Dalrymple Bay | DBI | $5.33 | +8.6% | +35.3% |
Develop Global | DVP | $5.62 | +33.2% | +115.3% |
GR Engineering Services | GNG | $4.53 | +9.2% | +60.1% |
Global X Hydrogen ETF | HGEN | $10.75 | +20.2% | +179.9% |
iShares MSCI South Korea ETF | IKO | $221.80 | +12.6% | +152.8% |
Kingsgate Consolidated | KCN | $6.08 | +18.3% | +275.3% |
Liontown | LTR | $2.32 | +59.5% | +329.6% |
Ora Banda Mining | OBM | $1.620 | +37.3% | +40.3% |
PC Gold | PC2 | $1.250 | +38.9% | 0% |
Predictive Discovery | PDI | $0.965 | +23.7% | +153.9% |
Global X Semiconductor ETF | SEMI | $30.05 | +18.9% | +119.3% |
Starpharma | SPL | $0.730 | +55.3% | +644.9% |
Torque Metals | TOR | $0.525 | +22.1% | +609.5% |
Vault Minerals | VAU | $4.88 | +25.8% | +59.7% |
Woolworths | WOW | $38.15 | +4.8% | +22.2% |
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: Altair Minerals (ALR), Decidr AI Industries (DAI), Global X Hydrogen ETF (HGEN), Kingsgate Consolidated (KCN), Predictive Discovery (PDI).
Feature Uptrend Charts:
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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 % |
|---|---|---|---|---|
Adairs | ADH | $1.270 | +0.4% | -40.4% |
Amotiv | AOV | $6.64 | +6.4% | -10.1% |
Accent Group | AX1 | $0.645 | -16.8% | -63.8% |
Bapcor | BAP | $0.575 | -5.0% | -82.0% |
Bank of Queensland | BOQ | $6.61 | -4.3% | -3.6% |
Cochlear | COH | $99.58 | -39.5% | -61.6% |
CSL | CSL | $129.19 | -6.7% | -46.6% |
Clinuvel Pharmaceuticals | CUV | $8.79 | -8.8% | -17.9% |
Ebos | EBO | $17.38 | -4.3% | -49.3% |
Fletcher Building | FBU | $2.33 | -14.0% | -22.1% |
Flight Centre Travel | FLT | $11.19 | -2.4% | -7.5% |
Generation Development | GDG | $3.56 | -6.3% | -26.6% |
GWA | GWA | $2.02 | -9.0% | -10.2% |
Healius | HLS | $0.535 | -6.1% | -45.6% |
Harvey Norman | HVN | $4.53 | -10.3% | -9.4% |
Integral Diagnostics | IDX | $2.22 | -10.1% | -3.9% |
IDP Education | IEL | $3.54 | -9.5% | -58.9% |
Judo Capital | JDO | $1.360 | -11.4% | -19.0% |
Jumbo Interactive | JIN | $7.89 | +1.5% | -22.0% |
Lycopodium | LYL | $12.79 | -6.6% | +19.0% |
National Australia Bank | NAB | $40.22 | -11.7% | +17.9% |
Nick Scali | NCK | $15.29 | -1.2% | -9.4% |
Orora | ORA | $1.435 | -24.5% | -18.0% |
Pepper Money | PPM | $1.750 | -0.9% | +36.9% |
Resmed | RMD | $30.76 | -4.3% | -6.9% |
Regal Partners | RPL | $2.45 | 0% | +31.4% |
Reliance Worldwide Corp. | RWC | $2.94 | -1.0% | -23.2% |
Spark New Zealand | SPK | $1.715 | -1.7% | -10.0% |
Super Retail | SUL | $12.35 | -3.4% | +0.8% |
Universal Store | UNI | $7.36 | -9.2% | -1.9% |
Virgin Australia | VGN | $2.41 | -1.6% | 0% |
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: Accent Group (AX1), Bapcor (BAP), Cochlear (COH), CSL (CSL), Clinuvel Pharmaceuticals (CUV), Ebos (EBO), Generation Development (GDG), GWA (GWA), Harvey Norman (HVN), IDP Education (IEL), Judo Capital (JDO), Nick Scali (NCK), Resmed (RMD), Reliance Worldwide Corp. (RWC).
Feature Downtrend Charts:
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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!
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!!!
