ChartWatch ASX Scans: Eagers Automotive, Opthea, Paradigm Biopharma, Qantas, Tasmea, Trigg Minerals, Xero, Champion Iron, Fortescue
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: Eagers Auto (APE), Appen (APX), Green Critical (GCM), Opthea (OPT), Paradigm Biopharma (PAR), Supply Network (SNL), Spartan Resources (SPR), Tasmea (TEA), Trigg Minerals (TMG), Universal Store (UNI), Xero (XRO).
- Interesting downtrends in today's Scans: APA (APA), Champion Iron (CIA), Coronado Resources (CRN), Deterra (DRR), Fortescue (FMG), Megaport (MP1), Neuren Pharma (NEU), Nickel Industries (NIC), Orica (ORI), Stanmore Resources (SMR), Whitehaven Coal (WHC).
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 % |
|---|---|---|---|---|
AMP | AMP | $1.635 | +0.6% | +70.3% |
Eagers Automotive | APE | $12.39 | +9.0% | -12.4% |
Appen | APX | $3.10 | +32.5% | +416.7% |
Bega Cheese | BGA | $5.74 | +8.7% | +64.9% |
Brambles | BXB | $19.91 | +2.5% | +45.1% |
Catapult Group International | CAT | $3.63 | -1.9% | +178.2% |
Green Critical Minerals | GCM | $0.019 | +245.5% | +11.8% |
Insignia Financial | IFL | $4.10 | +31.0% | +64.7% |
Netwealth Group | NWL | $29.88 | -2.9% | +94.5% |
Opthea | OPT | $0.795 | +11.2% | +54.1% |
Paradigm Biopharmaceuticals. | PAR | $0.445 | -13.6% | 0% |
Qantas Airways | QAN | $9.29 | +4.6% | +75.9% |
QBE Insurance Group | QBE | $19.90 | -0.6% | +35.0% |
BetaShares Global Robotics and Artificial Intelligence ETF | RBTZ | $15.31 | +1.8% | +26.2% |
Select Harvests | SHV | $4.50 | +6.1% | +62.6% |
Supply Network | SNL | $34.00 | +6.6% | +110.5% |
Spartan Resources | SPR | $1.595 | +12.3% | +202.9% |
Southern Cross Gold | SXG | $3.83 | +22.8% | +204.1% |
Tasmea | TEA | $3.36 | +8.4% | 0% |
Telstra Group | TLS | $4.08 | +2.5% | +4.3% |
Trigg Minerals | TMG | $0.050 | +61.3% | +354.5% |
Temple & Webster Group | TPW | $14.19 | +12.8% | +63.1% |
Universal Store | UNI | $8.44 | +4.5% | +100.0% |
Xero | XRO | $174.76 | -1.6% | +60.7% |
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: Eagers Automotive (ASX: APE), Appen (ASX: APX), Brambles (ASX: BXB), Green Critical Minerals (ASX: GCM), Insignia Financial (ASX: IFL), Opthea (ASX: OPT), Paradigm Biopharmaceuticals. (ASX: PAR), Qantas Airways (ASX: QAN), Supply Network (ASX: SNL), Spartan Resources (ASX: SPR), Tasmea (ASX: TEA), Trigg Minerals (ASX: TMG), Temple & Webster Group (ASX: TPW), Universal Store (ASX: UNI), Xero (ASX: XRO).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
APA Group | APA | $6.90 | -3.2% | -19.1% |
Arafura Rare Earths | ARU | $0.110 | -4.3% | -33.3% |
Champion Iron | CIA | $5.42 | -9.2% | -37.6% |
Collins Foods | CKF | $7.24 | -12.0% | -39.7% |
Coronado Global Resources | CRN | $0.735 | -14.5% | -57.1% |
Dicker Data | DDR | $8.37 | -3.6% | -29.3% |
Deterra Royalties | DRR | $3.68 | -5.4% | -29.8% |
Elders | ELD | $7.13 | -6.1% | -1.6% |
Fletcher Building | FBU | $2.50 | -3.8% | -42.7% |
Fortescue | FMG | $17.25 | -12.4% | -40.4% |
Graincorp | GNC | $7.33 | -4.9% | +6.5% |
Healthco Healthcare and Wellness Reit | HCW | $0.980 | -11.7% | -29.0% |
Light & Wonder | LNW | $137.67 | -9.2% | +17.4% |
Megaport | MP1 | $7.04 | -7.2% | -20.1% |
Neuren Pharmaceuticals | NEU | $11.91 | -7.5% | -52.6% |
Nickel Industries | NIC | $0.795 | -11.7% | +16.1% |
Orica | ORI | $16.20 | -12.5% | +3.1% |
Reece | REH | $22.62 | -12.2% | +3.0% |
Resolute Mining | RSG | $0.390 | -7.1% | -9.3% |
Seek | SEK | $22.25 | -15.4% | -14.2% |
Sims | SGM | $12.05 | -8.1% | -20.2% |
The Star Entertainment Group | SGR | $0.185 | -11.9% | -63.7% |
Stanmore Resources | SMR | $2.94 | -10.6% | -26.9% |
Whitehaven Coal | WHC | $6.06 | -6.9% | -22.4% |
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: APA Group (ASX: APA), Champion Iron (ASX: CIA), Collins Foods (ASX: CKF), Coronado Global Resources (ASX: CRN), Deterra Royalties (ASX: DRR), Fortescue (ASX: FMG), Megaport (ASX: MP1), Neuren Pharmaceuticals (ASX: NEU), Nickel Industries (ASX: NIC), Orica (ASX: ORI), Resolute Mining (ASX: RSG), The Star Entertainment Group (ASX: SGR), Stanmore Resources (ASX: SMR), Whitehaven Coal (ASX: WHC).
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.
