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/ChartWatch ASX Scans: DUG Technology, Genesis Minerals, Super Retail, Southern Cross Gold, Fortescue, Nanosonics, Nufarm
Technical Analysis
ChartWatch ASX Scans: DUG Technology, Genesis Minerals, Super Retail, Southern Cross Gold, Fortescue, Nanosonics, Nufarm
Wed 14 Aug 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Dusk (DSK), DUG Technology (DUG), Genesis Minerals (GMD), JB HI-FI (JBH), Pinnacle Investment (PNI), Supply Network (SNL), Super Retail (SUL), Southern Cross Gold (SXG), Technology One (TNE), Waratah Minerals (WTM)
- Interesting downtrends in today's Scans: Adriatic Metals (ADT), Brickworks (BKW), Chalice Mining (CHN), Fortescue (FMG), Grange Resources (GRR), Latin Resources (LRS), Liontown Resources (LTR), Mineral Resources (MIN), Nanosonics (NAN), Nufarm (NUF)
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 % |
|---|---|---|---|---|
Life360 | 360 | $17.34 | +2.1% | +120.9% |
Adairs | ADH | $2.17 | +15.7% | +26.5% |
Argo Global Listed Infrastructure | ALI | $2.20 | +5.3% | +2.3% |
Aspen Group | APZ | $1.980 | +8.2% | +13.1% |
ASX | ASX | $65.87 | +1.0% | +5.4% |
AUB Group | AUB | $33.11 | +4.7% | +23.1% |
Commonwealth Bank of Australia | CBA | $132.52 | -0.1% | +26.9% |
Dalrymple Bay Infrastructure/Notes | DBI | $3.09 | +2.3% | +12.4% |
Dusk Group | DSK | $0.960 | +58.7% | -19.0% |
DUG Technology | DUG | $2.89 | +5.9% | +90.1% |
Generation Development Group | GDG | $2.62 | +2.3% | +107.1% |
G8 Education | GEM | $1.385 | +7.8% | +26.5% |
Genesis Minerals | GMD | $2.21 | +4.2% | +59.0% |
Hearts and Minds Investments | HM1 | $2.68 | +2.3% | +12.6% |
Insurance Australia Group | IAG | $7.23 | +2.1% | +19.7% |
Indiana Resources | IDA | $0.091 | +13.8% | +112.3% |
JB HI-FI | JBH | $75.93 | +15.1% | +64.8% |
LTR Pharma | LTP | $1.245 | +53.7% | 0% |
Pinnacle Investment Management Group | PNI | $17.18 | +10.4% | +74.9% |
Pantoro | PNR | $0.105 | +12.9% | +50.0% |
REA Group | REA | $202.80 | -0.7% | +27.9% |
Resmed Inc | RMD | $32.89 | +7.8% | +20.4% |
Supply Network | SNL | $26.35 | +26.7% | +81.7% |
Super Retail Group | SUL | $15.75 | +9.2% | +29.5% |
Southern Cross Gold | SXG | $2.50 | +8.7% | +510.1% |
Technology One | TNE | $21.66 | +14.1% | +41.7% |
Vanguard Australian Corp Fixed Interest Index ETF | VACF | $51.01 | +1.8% | +3.3% |
Wesfarmers | WES | $72.85 | +4.1% | +44.3% |
Whitefield Industrials | WHF | $5.59 | +6.3% | +10.3% |
Waratah Minerals | WTM | $0.330 | +29.4% | +135.7% |
Yancoal Australia | YAL | $7.25 | +1.3% | +39.4% |
Zip Co. | ZIP | $1.845 | +8.9% | +350.0% |
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: Dusk Group (ASX: DSK), DUG Technology (ASX: DUG), Generation Development Group (ASX: GDG), Genesis Minerals (ASX: GMD), JB HI-FI (ASX: JBH), Pinnacle Investment Management Group (ASX: PNI), Supply Network (ASX: SNL), Super Retail Group (ASX: SUL), Southern Cross Gold (ASX: SXG), Technology One (ASX: TNE), Waratah Minerals (ASX: WTM).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Aussie Broadband | ABB | $3.08 | +0.3% | +8.8% |
Adriatic Metals | ADT | $2.69 | -25.1% | -18.5% |
Ampol | ALD | $32.00 | -6.0% | -0.3% |
APA Group | APA | $7.88 | -2.0% | -17.8% |
Brickworks | BKW | $26.21 | -6.9% | +2.2% |
Brainchip | BRN | $0.170 | -15.0% | -54.1% |
Chalice Mining | CHN | $0.980 | -23.4% | -82.8% |
Champion Iron | CIA | $5.98 | -7.6% | +5.1% |
Centuria Capital Group | CNI | $1.545 | -4.6% | -2.8% |
Corporate Travel Management | CTD | $12.77 | -5.8% | -34.8% |
Domain Australia | DHG | $2.98 | -10.2% | -28.5% |
Deterra Royalties | DRR | $3.83 | -5.4% | -14.7% |
Develop Global | DVP | $2.01 | -4.3% | -33.7% |
Flight Centre Travel Group | FLT | $20.24 | -10.3% | -9.8% |
Fortescue | FMG | $18.16 | -19.2% | -15.4% |
Grange Resources | GRR | $0.305 | -19.7% | -39.6% |
Hansen Technologies | HSN | $4.21 | -6.4% | -20.1% |
Karoon Energy | KAR | $1.775 | -6.1% | -19.6% |
Lifestyle Communities | LIC | $9.03 | -12.3% | -47.6% |
Latin Resources | LRS | $0.110 | -35.3% | -72.2% |
Liontown Resources | LTR | $0.810 | -16.5% | -70.4% |
Mineral Resources | MIN | $48.58 | -15.7% | -30.0% |
Metcash | MTS | $3.54 | -4.1% | -3.5% |
Nanosonics | NAN | $2.82 | -14.8% | -42.2% |
Nine Entertainment | NEC | $1.355 | -2.5% | -37.6% |
Neuren Pharmaceuticals | NEU | $15.94 | -19.7% | +25.5% |
Nufarm | NUF | $4.37 | -4.8% | -16.6% |
Pilbara Minerals | PLS | $2.85 | -5.6% | -46.9% |
Rio Tinto | RIO | $115.42 | -3.7% | +5.3% |
Regis Resources | RRL | $1.630 | -15.1% | +2.8% |
Skycity Entertainment Group | SKC | $1.390 | +2.6% | -33.5% |
Silex Systems | SLX | $4.22 | -18.4% | +28.3% |
Sayona Mining | SYA | $0.026 | -23.5% | -81.4% |
Syrah Resources | SYR | $0.220 | -31.3% | -65.0% |
Viva Energy Group | VEA | $3.13 | -1.6% | -0.9% |
Woodside Energy Group | WDS | $25.50 | -13.0% | -34.6% |
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: Adriatic Metals (ASX: ADT), Ampol (ASX: ALD), Brickworks (ASX: BKW), Chalice Mining (ASX: CHN), Centuria Capital Group (ASX: CNI), Domain Australia (ASX: DHG), Fortescue (ASX: FMG), Grange Resources (ASX: GRR), Hansen Technologies (ASX: HSN), Lifestyle Communities (ASX: LIC), Latin Resources (ASX: LRS), Liontown Resources (ASX: LTR), Mineral Resources (ASX: MIN), Nanosonics (ASX: NAN), Nine Entertainment (ASX: NEC), Nufarm (ASX: NUF), Skycity Entertainment Group (ASX: SKC), Syrah Resources (ASX: SYR).
Charts of each below:
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.
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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