Technical Analysis

ChartWatch ASX Scans: Droneshield, Lovisa, PYC Therapeutics, Ventia Services, Seek, IGO, Wildcat Resources

Fri 21 Jun 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Austin Engineering (ANG), Ansell (ANN), Breville (BRG), Commonwealth Bank (CBA), Droneshield (DRO), Findi (FND), Jumbo Interactive (JIN), PYC Therapeutics (PYC), Treasury Wine (TWE), and Ventia Services (VNT)
  • Interesting downtrends in today's Scan Lists: Bluescope Steel (BSL), Dexus (DXS), IDP Education (IEL), IGO (IGO), Lendlease (LLC), Nexgen Energy (NXG), Orora (ORA), Seek (SEK), Skycity Entertainment (SKC), and Wildcat Resources (WC8)

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 %

ALS

ALQ

$14.49

+0.1%

+24.1%

Austin Engineering

ANG

$0.585

+6.4%

+120.8%

Ansell

ANN

$26.33

+3.8%

+0.4%

ANZ Group

ANZ

$29.19

+3.1%

+23.6%

Arena Reit.

ARF

$3.88

+1.3%

+0.8%

BetaShares Asia Tech Tigers ETF

ASIA

$9.42

+4.8%

+27.1%

AUB Group

AUB

$31.48

+6.2%

+15.4%

Australian United Investment

AUI

$10.43

+0.6%

+7.3%

Biome Australia

BIO

$0.460

+48.4%

+513.3%

Bisalloy Steel Group

BIS

$4.00

+6.4%

+128.8%

Breville Group

BRG

$28.75

+10.7%

+46.8%

Commonwealth Bank

CBA

$127.75

+4.9%

+27.1%

Droneshield

DRO

$1.700

+91.0%

+623.4%

Diversified United Investment

DUI

$5.25

+4.0%

+6.3%

Dimerix

DXB

$0.610

+76.8%

+951.7%

Emeco

EHL

$0.735

+2.8%

+9.7%

Equinox Resources

EQN

$0.400

+60.0%

+122.2%

BetaShares Global Sustainability ETF

ETHI

$15.00

+1.6%

+21.5%

Frontier Energy

FHE

$0.485

+24.4%

+21.3%

Findi

FND

$4.32

+14.6%

+700.0%

Goodman Group

GMG

$35.54

+5.3%

+73.1%

Jumbo Interactive

JIN

$17.24

-0.1%

+18.7%

LGI

LGI

$3.05

+1.0%

+32.6%

Lovisa

LOV

$33.27

+3.7%

+78.0%

Munro Global Growth Fund ETF

MAET

$6.57

+7.2%

+40.7%

Munro Climate Change Leaders ETF

MCCL

$15.40

+7.1%

+56.3%

Medadvisor

MDR

$0.440

+37.5%

+91.3%

Mitre Mining Corp

MMC

$0.810

+5.2%

+170.0%

Metro Mining

MMI

$0.048

+11.6%

+140.0%

Macquarie Group

MQG

$196.50

+1.7%

+6.8%

Vaneck Australian Banks ETF

MVB

$35.17

+2.8%

+21.8%

Mystate

MYS

$3.83

+6.4%

+23.5%

NRW

NWH

$3.12

+13.9%

+32.2%

Netwealth Group

NWL

$21.74

+6.9%

+58.0%

News Corporation

NWS

$41.55

+2.1%

+44.4%

Ora Banda Mining

OBM

$0.370

+7.2%

+174.1%

Origin Energy

ORG

$10.42

+4.1%

+22.7%

Propel Funeral Partners

PFP

$5.81

+4.9%

+35.4%

Paragon Care

PGC

$0.415

+12.2%

+72.9%

Pinnacle Investment Management

PNI

$13.94

+7.6%

+46.3%

Pantoro

PNR

$0.092

0%

+37.3%

Polynovo

PNV

$2.41

+17.6%

+54.0%

PYC Therapeutics

PYC

$0.135

+28.6%

+144.0%

Vaneck MSCI International Quality ETF

QUAL

$57.57

+4.9%

+33.2%

Regis Healthcare

REG

$4.45

+10.4%

+99.6%

Regal Asian Investments

RG8

$2.16

+4.3%

+8.5%

Global X Semiconductor ETF

SEMI

$19.52

+14.2%

+69.4%

SG Fleet Group

SGF

$3.15

+1.6%

+44.5%

Spartan Resources

SPR

$0.820

+11.6%

+400.2%

Suncorp Group

SUN

$16.71

+3.6%

+23.5%

Southern Cross Electrical Engineering

SXE

$1.735

+10.9%

+171.1%

Telix Pharmaceuticals

TLX

$18.14

+18.0%

+59.0%

Treasury Wine Estates

TWE

$12.43

+7.8%

+10.0%

Universal Store

UNI

$5.20

-2.6%

+92.6%

Ventia Services Group

VNT

$3.89

+9.6%

+38.9%

Westpac Banking Corp

WBC

$27.25

+0.7%

+29.5%

Today's Uptrends Scan List

Interesting charts from today's Uptrends List πŸ”ŽπŸ“ˆ

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Austin Engineering (ASX: ANG), Ansell (ASX: ANN), Breville Group (ASX: BRG), Commonwealth Bank of Australia (ASX: CBA), Droneshield (ASX: DRO), Findi (ASX: FND), Jumbo Interactive (ASX: JIN), Pinnacle Investment Management Group (ASX: PNI), PYC Therapeutics (ASX: PYC), Regis Healthcare (ASX: REG), Global X Semiconductor ETF (ASX: SEMI), Treasury Wine Estates (ASX: TWE), Ventia Services Group (ASX: VNT).

Charts of each below:

Ansell (ASX-ANN) chart 20 June 2024Austin Engineering (ASX-ANG) chart 20 June 2024Breville Group (ASX-BRG) chart 20 June 2024Commonwealth Bank of Australia (ASX-CBA) chart 20 June 2024Droneshield (ASX-DRO) chart 20 June 2024Findi (ASX-FND) chart 20 June 2024Global X Semiconductor ETF (ASX-SEMI) chart 20 June 2024Jumbo Interactive (ASX-JIN) chart 20 June 2024Pinnacle Investment Management Group (ASX-PNI) chart 20 June 2024PYC Therapeutics (ASX-PYC) chart 20 June 2024Regis Healthcare (ASX-REG) chart 20 June 2024Treasury Wine Estates (ASX-TWE) chart 20 June 2024Ventia Services Group (ASX-VNT) chart 20 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Ampol

ALD

$33.06

-5.6%

+9.6%

Boss Energy

BOE

$4.15

-29.2%

+29.7%

Bluescope Steel

BSL

$19.94

-5.6%

-4.5%

Brambles

BXB

$14.14

-0.9%

+1.1%

Champion Iron

CIA

$6.51

-15.0%

+3.0%

Dexus

DXS

$6.43

-9.8%

-19.7%

Fortescue

FMG

$21.90

-18.9%

-1.9%

Hansen Technologies

HSN

$4.20

-9.9%

-17.3%

IDP Education

IEL

$14.81

-14.2%

-38.9%

IGO

IGO

$5.86

-26.3%

-60.2%

James Hardie Industries

JHX

$47.43

+1.6%

+18.0%

Lendlease Group

LLC

$5.37

-12.3%

-26.2%

Arcadium Lithium

LTM

$5.03

-29.6%

0%

Liontown Resources

LTR

$0.985

-32.3%

-64.8%

Mineral Resources

MIN

$59.96

-24.3%

-18.3%

NIB

NHF

$7.23

+2.1%

-17.8%

Novonix

NVX

$0.650

-24.9%

-44.2%

Nexgen Energy

NXG

$10.43

-15.5%

+53.2%

Orora

ORA

$1.950

-9.3%

-34.6%

Pilbara Minerals

PLS

$3.20

-22.9%

-33.6%

Ramsay Health Care

RHC

$48.71

-0.5%

-16.1%

Seek

SEK

$22.42

-4.4%

+0.9%

Skycity Entertainment

SKC

$1.280

-21.0%

-36.9%

Syrah Resources

SYR

$0.375

-27.2%

-55.3%

Vulcan Steel

VSL

$6.81

-3.4%

-13.4%

Weebit Nano

WBT

$2.28

+2.7%

-65.8%

Wildcat Resources

WC8

$0.340

-35.8%

+172.0%

Today's Downtrends Scan List

Interesting charts from today's Downtrends List πŸ”ŽπŸ“‰

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Bluescope Steel (ASX: BSL), Dexus (ASX: DXS), IDP Education (ASX: IEL), IGO (ASX: IGO), Lendlease Group (ASX: LLC), Nexgen Energy (ASX: NXG), Orora (ASX: ORA), Seek (ASX: SEK), Skycity Entertainment Group (ASX: SKC), Wildcat Resources (ASX: WC8).

Charts of each below:

Bluescope Steel (ASX-BSL) chart 20 June 2024Dexus (ASX-DXS) chart 20 June 2024IDP Education (ASX-IEL) chart 20 June 2024IGO (ASX-IGO) chart 20 June 2024Lendlease Group (ASX-LLC) chart 20 June 2024Nexgen Energy (Canada) (ASX-NXG) chart 20 June 2024Orora (ASX-ORA) chart 20 June 2024Seek (ASX-SEK) chart 20 June 2024Skycity Entertainment Group (ASX-SKC) chart 20 June 2024Wildcat Resources (ASX-WC8) chart 20 June 2024

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.

 

Written By

Carl Capolingua

Content Editor

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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