ChartWatch ASX Scans: Droneshield, WES, FWD, HLI, NCK, RNU, SLC, TNE uptrends vs CTT, LLC downtrends
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: Alkane Resources (ALK), ALS (ALQ), Droneshield (DRO), Fleetwood (FWD), Helia (HLI), IVE Group (IGL), Nick Scali (NCK), Native Mineral Resources (NMR), Renascor Resources (RNU), Superloop (SLC), Technology One (TNE).
- Interesting downtrends in today's Scans: Cettire (CTT), Lendlease Group (LLC).
A more "normal" day's worth of longs in today's Uptrends Scan List: 26 in the main list and 11 Feature Charts. There could have been more Features, several were line-ball, in what is a very high quality list.
Still, with the ASX 200 rally extending into its fourth day on Tuesday, and with a near-straight line ascent since the 7-April low – one could be forgiven for wanting even more in terms of qualifying uptrends... Perhaps this will be the case over coming days, as I note many that didn't make the main Uptrends Scan List today, like Iperionx (IPX) and Pro Medicus (PME), require just one more confirming candle to get the nod.
Far more fittingly with the recent strong price action at the benchmark level, downtrends nearly dwindled to nothing today – 5 in the main Downtrends Scan List and just 2 Feature Charts. You might be able to guess which 2 stocks could arguably be labelled the worst on the ASX... yep, Cettire (CTT) and Lendlease (LLC)!
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.
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 % |
|---|---|---|---|---|
African Gold | A1G | $0.135 | +28.6% | +328.1% |
Aussie Broadband | ABB | $4.10 | 0% | +14.6% |
Australian Finance Group | AFG | $1.820 | +8.0% | +19.0% |
Alkane Resources | ALK | $0.845 | +26.1% | +29.0% |
ALS | ALQ | $16.95 | +7.1% | +26.8% |
AMA Group | AMA | $0.067 | +17.5% | +36.2% |
APA Group | APA | $8.37 | +6.4% | -1.1% |
Bega Cheese | BGA | $5.59 | +3.1% | +33.1% |
Brainchip | BRN | $0.280 | +27.3% | -12.5% |
Dalrymple Bay Infrastructure/Notes | DBI | $4.06 | +7.1% | +47.6% |
Droneshield | DRO | $1.335 | +35.5% | +43.5% |
Echoiq | EIQ | $0.330 | +10.0% | +230.0% |
EVT | EVT | $14.08 | +4.4% | +15.8% |
Fineos Corporation | FCL | $2.14 | +3.9% | +18.9% |
Fleetwood | FWD | $2.88 | +16.6% | +100.0% |
Gentrack Group | GTK | $10.86 | +15.0% | +44.8% |
Helia Group | HLI | $4.84 | +25.7% | +31.9% |
IVE Group | IGL | $2.59 | +5.3% | +23.9% |
Imricor Medical Systems | IMR | $1.625 | -0.6% | +195.5% |
Megaport | MP1 | $11.04 | +4.8% | -22.7% |
Nick Scali | NCK | $17.60 | +7.4% | +25.1% |
Native Mineral Resources | NMR | $0.180 | +127.8% | +757.1% |
Renascor Resources | RNU | $0.075 | +63.0% | -25.0% |
Superloop | SLC | $2.47 | +13.3% | +83.6% |
Technology One | TNE | $29.34 | +0.1% | +82.0% |
Wesfarmers | WES | $77.09 | +7.0% | +17.7% |
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: Alkane Resources (ASX: ALK), ALS (ASX: ALQ), Droneshield (ASX: DRO), Fleetwood (ASX: FWD), Helia Group (ASX: HLI), IVE Group (ASX: IGL), Nick Scali (ASX: NCK), Native Mineral Resources (ASX: NMR), Renascor Resources (ASX: RNU), Superloop (ASX: SLC), Technology One (ASX: TNE).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Cettire | CTT | $0.465 | -48.9% | -84.6% |
EBR Systems | EBR | $1.185 | -41.0% | +38.8% |
Horizon Oil | HZN | $0.180 | -16.3% | +2.9% |
Lendlease Group | LLC | $5.08 | -17.4% | -22.2% |
Paradigm Biopharmaceuticals. | PAR | $0.295 | -23.4% | +3.5% |
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: Cettire (ASX: CTT), Lendlease Group (ASX: LLC).
Charts of each below:
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ChartWatch Primer
For a detailed explanation of Carl's technical analysis methodology, be sure to check out this ChartWatch Primer.
Important considerations when using the ChartWatch Daily ASX Scans:
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.
