ChartWatch ASX Scans: Dangerous downtrends edition – CSL, Goodman Group, JB HI-FI, Technology One, Telix Pharma, Xero
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
Source: Shutterstock
KEY POINTS
- Today’s most interesting uptrends: Argosy Minerals (AGY), Dimerix (DXB), Fenix Resources (FEX), Kingsgate Consolidated (KCN), Lake Resources (LKE), MA Financial (MAF), Marmota (MEU), New Murchison Gold (NMG).
- Today’s most interesting downtrends: Breville (BRG), Car (CAR), Catapult (CAT), Chalice Mining (CHN), Goodman (GMG), JB HI-FI (JBH), Nuix (NXL), Nextdc (NXT), Pro Medicus (PME), Soul Patt’s (SOL), Telix Pharmaceuticals (TLX), Technology One (TNE).
The horror.... 😱
Look at all those downtrends! 73 in today's Downtrends Scan List, with 35 Feature Downtrends! 📉 That's the largest number of Downtrends Scan List constituents since the darkest day of Trump's tariff mayhem on 6-April.
It means there's a whole heap of ASX stocks showing a disturbing excess of supply for their shares. And as I elevated another, and another to Feature Chart – my highest conviction downtrends – it became clear there's some serious quality about them too.
We're not talking about obscure small and mid-caps either. Nope, we're talking about some of the bluest of ASX blue chips.
If you're new to ChartWatch ASX Scans and you think those 35 Feature Charts are appearing here for the first time today – think again! The vast majority have frequented the Downtrends Scan List for many weeks – and in several cases – many months.
I prefer to stop short of saying a Santa Claus Rally is a lost cause in 2025, but looking at some of the charts below, this may well be one of the leanest years in some time! Something's definitely not right with Aussie shares... ⚠️🚨
Let's hope a major reversal is on the way soon! 🤞
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!
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Uptrends Scan List 📈
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Argosy Minerals | AGY | $0.089 | +67.9% | +206.9% |
Ampol | ALD | $32.47 | +3.0% | +15.8% |
Altair Minerals | ALR | $0.026 | +23.8% | +550.0% |
Alvo Minerals | ALV | $0.083 | +207.4% | -4.6% |
Andean Silver | ASL | $2.31 | +20.9% | +133.3% |
DPM Metals | DPM | $42.80 | +24.2% | 0% |
Dimerix | DXB | $0.620 | +25.3% | +74.6% |
Elsight | ELS | $2.29 | +45.4% | +408.9% |
Global X Physical Silver | ETPMAG | $86.20 | +19.4% | +92.4% |
Elixir Energy | EXR | $0.065 | +58.5% | +41.3% |
Fenix Resources | FEX | $0.500 | +12.4% | +75.4% |
HOT Chili | HCH | $1.225 | +40.8% | +58.7% |
Kingsgate Consolidated | KCN | $5.02 | +9.6% | +254.8% |
Lake Resources | LKE | $0.094 | +108.9% | +113.6% |
Lycopodium | LYL | $13.28 | +4.2% | +33.3% |
MA Financial Group | MAF | $10.20 | +3.0% | +65.3% |
Marmota | MEU | $0.130 | +91.2% | +242.1% |
New Murchison Gold | NMG | $0.042 | +16.7% | +281.8% |
Tribeca Global Natural Resources | TGF | $2.18 | +10.4% | +44.9% |
Whitehaven Coal | WHC | $7.63 | +8.8% | +20.5% |
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: Argosy Minerals (ASX: AGY), Dimerix (ASX: DXB), Fenix Resources (ASX: FEX), Kingsgate Consolidated (ASX: KCN), Lake Resources (ASX: LKE), MA Financial (ASX: MAF), Marmota (ASX: MEU), New Murchison Gold (ASX: NMG).
Feature Uptrend Charts:
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Learn how Carl's model can help you spot crtical exit signals before a stock's price plummets!
Downtrends Scan List 📉
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.695 | -9.7% | -30.8% |
Audinate Group | AD8 | $4.33 | +2.4% | -46.5% |
Adairs | ADH | $1.765 | -6.1% | -34.1% |
Aristocrat Leisure | ALL | $56.89 | -4.3% | -17.6% |
Atlas Arteria | ALX | $4.78 | -6.3% | +2.6% |
AMA Group | AMADA | $0.780 | -15.7% | +32.2% |
Amcor PLC | AMC | $12.27 | -5.8% | -23.4% |
Austin Engineering | ANG | $0.195 | 0% | -63.2% |
Appen | APX | $0.690 | 0% | -68.3% |
ARB Corp. | ARB | $31.60 | -7.3% | -20.1% |
ASX | ASX | $57.12 | -2.4% | -17.9% |
AUB Group | AUB | $31.01 | -19.9% | -1.6% |
Accent Group | AX1 | $0.920 | -24.9% | -62.8% |
Bapcor | BAP | $1.780 | -20.2% | -62.3% |
Boss Energy | BOE | $1.630 | -6.6% | -36.1% |
Beach Energy | BPT | $1.150 | -11.9% | -8.0% |
Breville Group | BRG | $28.51 | -6.8% | -23.2% |
Brainchip Holdings | BRN | $0.170 | -2.9% | -24.4% |
Car Group | CAR | $31.40 | -8.5% | -21.9% |
Catapult Sports | CAT | $4.35 | -28.3% | +20.2% |
Commonwealth Bank of Australia | CBA | $152.74 | -3.6% | -4.2% |
Chalice Mining | CHN | $1.535 | -19.6% | +22.8% |
Computershare | CPU | $33.79 | -3.6% | +1.2% |
Charter Hall Social Infrastructure Reit | CQE | $3.01 | -5.0% | +17.6% |
CSL | CSL | $178.81 | -0.1% | -36.4% |
Catalyst Metals | CYL | $6.07 | -16.8% | +128.2% |
Digico Infrastructure Reit | DGT | $2.34 | -10.0% | 0% |
Dexus Convenience Retail Reit | DXC | $2.78 | -4.8% | -5.4% |
Dexus Industria Reit. | DXI | $2.72 | -3.9% | +4.6% |
Dexus | DXS | $7.01 | -5.5% | +2.2% |
Ebos Group | EBO | $23.79 | -4.6% | -29.0% |
Generation Development Group | GDG | $5.63 | -14.7% | +54.6% |
G8 Education | GEM | $0.690 | -1.4% | -49.6% |
Goodman Group | GMG | $29.20 | -4.4% | -20.2% |
Integral Diagnostics | IDX | $2.45 | -5.0% | -15.5% |
IDP Education | IEL | $5.01 | +2.0% | -60.4% |
Iluka Resources | ILU | $5.75 | -12.1% | +18.8% |
IPH | IPH | $3.42 | -8.1% | -31.7% |
JB HI-FI | JBH | $89.41 | -8.8% | -5.3% |
Kelly Partners Group Holdings | KPG | $7.96 | -8.0% | -19.2% |
Metcash | MTS | $3.36 | -15.4% | +2.8% |
Nufarm | NUF | $2.22 | +0.9% | -40.8% |
Novonix | NVX | $0.420 | -9.7% | -34.4% |
Nuix | NXL | $1.775 | -13.0% | -73.6% |
Nextdc | NXT | $13.56 | -10.4% | -16.6% |
Objective Corp. | OCL | $16.77 | -7.9% | -6.3% |
OFX Group | OFX | $0.530 | -8.6% | -61.5% |
Origin Energy | ORG | $11.54 | -5.4% | +8.3% |
Pro Medicus | PME | $232.99 | -9.4% | -13.2% |
Premier Investments | PMV | $14.28 | -18.7% | -48.1% |
Pinnacle Investment Management | PNI | $16.59 | -5.4% | -31.3% |
Pexa Group | PXA | $14.08 | -3.2% | +10.3% |
Qoria | QOR | $0.575 | -21.8% | +26.4% |
REA Group | REA | $188.00 | -8.0% | -25.0% |
Ridley Corp. | RIC | $2.59 | -8.5% | -5.5% |
Seek | SEK | $22.90 | -11.5% | -11.1% |
SGH | SGH | $44.53 | -2.8% | -8.4% |
Superloop | SLC | $2.59 | -16.2% | +12.6% |
Washington H. Soul Pattinson | SOL | $35.18 | -6.9% | -1.2% |
Santos | STO | $6.29 | -6.0% | -3.8% |
Super Retail Group | SUL | $15.43 | -7.1% | +4.8% |
Sovereign Metals | SVM | $0.480 | -14.3% | -37.7% |
Syrah Resources | SYR | $0.265 | -15.9% | +9.3% |
The Lottery Corp. | TLC | $5.23 | -2.8% | +1.8% |
Telix Pharmaceuticals | TLX | $13.70 | -8.2% | -44.8% |
Technology One | TNE | $27.65 | -22.1% | -12.1% |
Temple & Webster Group | TPW | $12.74 | -39.9% | -3.1% |
Treasury Wine Estates | TWE | $5.53 | -6.6% | -51.9% |
Vulcan Energy Resources | VUL | $3.82 | -32.4% | -29.1% |
Worley | WOR | $12.63 | -11.1% | -4.6% |
Xero | XRO | $113.36 | -19.0% | -36.3% |
Block | XYZ | $93.23 | -7.4% | -38.5% |
Zip Co. | ZIP | $3.00 | -9.4% | -3.2% |
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: Alpha HPA (ASX: A4N), Aristocrat Leisure (ASX: ALL), AMA Group (ASX: AMA), ARB Corp. (ASX: ARB), Bapcor (ASX: BAP), Breville Group (ASX: BRG), Car Group (ASX: CAR), Catapult Sports (ASX: CAT), Chalice Mining (ASX: CHN), Computershare (ASX: CPU), CSL (ASX: CSL), Catalyst Metals (ASX: CYL), Ebos Group (ASX: EBO), Generation Development Group (ASX: GDG), Goodman Group (ASX: GMG), JB HI-FI (ASX: JBH), Kelly Partners Group Holdings (ASX: KPG), Nuix (ASX: NXL), Nextdc (ASX: NXT), OFX Group (ASX: OFX), Origin Energy (ASX: ORG), Pro Medicus (ASX: PME), Premier Investments (ASX: PMV), Pexa Group (ASX: PXA), REA Group (ASX: REA), Seek (ASX: SEK), SGH (ASX: SGH), Washington H. Soul Pattinson (ASX: SOL), Telix Pharmaceuticals (ASX: TLX), Technology One (ASX: TNE), Temple & Webster Group (ASX: TPW), Treasury Wine Estates (ASX: TWE), Worley (ASX: WOR), Xero (ASX: XRO), Zip Co. (ASX: ZIP).
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 next trading today. 2. 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. 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!!!
