ChartWatch ASX Scans: Australian Clinical Labs, Brainchip, Dropsuite, Dimerix, Siteminder, Turaco Gold, Zip Co, Neuren Pharmaceuticals
Fri 11 Oct 24, 9:00am (AEDT)
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/ChartWatch ASX Scans: Ebos Group, Regis Healthcare, Nuix, Superloop, Deterra Royalties, Paladin Energy, Viva Energy
Technical Analysis
ChartWatch ASX Scans: Ebos Group, Regis Healthcare, Nuix, Superloop, Deterra Royalties, Paladin Energy, Viva Energy
Tue 20 Aug 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting downtrends in today's Scans: Bannerman Energy (BMN), Boss Energy (BOE), Champion Iron (CIA), Deterra Royalties (DRR), Fortescue (FMG), IGO (IGO), Liontown Resources (LTR), Mineral Resources (MIN), Paladin Energy (PDN), Viva Energy Group (VEA)
- Interesting uptrends in today's Scans: Commonwealth Bank of Australia (CBA), Ebos (EBO), Generation Development Group (GDG), Lovisa (LOV), Nuix (NXL), (REG), Resolute Mining (RSG), (SLC), Santana Minerals (SMI), Solvar (SVR), Westpac Banking Corp (WBC)
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 % |
|---|---|---|---|---|
Adairs | ADH | $2.24 | +9.8% | +27.6% |
AGL Energy | AGL | $11.98 | +15.9% | +8.9% |
ALS | ALQ | $15.76 | +9.6% | +42.5% |
Austin Engineering | ANG | $0.635 | +1.6% | +122.8% |
Ansell | ANN | $27.34 | +2.3% | +12.8% |
ANZ Group | ANZ | $29.74 | +0.1% | +19.8% |
BetaShares S&P/ASX Australian Technology ETF | ATEC | $25.26 | +5.2% | +28.6% |
Accent Group | AX1 | $2.23 | +0.5% | +14.4% |
Bendigo and Adelaide Bank | BEN | $12.37 | +2.9% | +32.6% |
Bank of Queensland | BOQ | $6.35 | +1.6% | +7.3% |
Bravura Solutions | BVS | $1.300 | +12.1% | +160.0% |
Brambles | BXB | $15.71 | +5.0% | +11.1% |
Commonwealth Bank of Australia | CBA | $139.25 | +5.8% | +39.5% |
Codan | CDA | $12.79 | +6.2% | +55.8% |
Coles Group | COL | $18.43 | +4.5% | +3.1% |
Computershare | CPU | $28.63 | +9.3% | +18.8% |
CSL | CSL | $307.80 | -1.3% | +13.3% |
Cedar Woods Properties | CWP | $5.00 | +3.1% | -7.9% |
Cleanaway Waste Management | CWY | $2.99 | +7.2% | +12.0% |
Dalrymple Bay Infrastructure/Notes | DBI | $3.15 | +4.0% | +17.5% |
Dicker Data | DDR | $10.45 | +3.4% | +24.3% |
Duratec | DUR | $1.315 | +6.9% | -1.9% |
Ebos Group | EBO | $34.35 | +4.7% | +4.3% |
Elders | ELD | $9.33 | +2.5% | +33.1% |
Firefly Metals | FFM | $0.875 | +9.4% | +71.6% |
Generation Development Group | GDG | $2.72 | +8.8% | +118.4% |
G8 Education | GEM | $1.395 | +8.1% | +28.0% |
Global X Physical Gold Global X Physical Gold | GOLD | $34.60 | +3.9% | +26.6% |
Hearts and Minds Investments | HM1 | $2.74 | +4.6% | +16.1% |
Insurance Australia Group | IAG | $7.43 | +5.4% | +26.4% |
Infomedia | IFM | $1.730 | +6.5% | +5.2% |
Inghams Group | ING | $3.98 | +9.9% | +43.2% |
Incitec Pivot | IPL | $2.99 | +5.3% | +10.4% |
Killi Resources | KLI | $0.120 | +4.3% | +116.2% |
Lovisa | LOV | $36.30 | +7.2% | +71.1% |
Macmahon | MAH | $0.290 | +9.4% | +87.1% |
MFF Capital Investments | MFF | $3.85 | +2.7% | +34.1% |
Magellan Financial Group | MFG | $10.79 | +10.6% | +17.8% |
Vaneck Australian Banks ETF | MVB | $36.78 | +1.2% | +28.2% |
Nuix | NXL | $4.38 | +32.3% | +175.5% |
Orica | ORI | $18.42 | +4.7% | +19.8% |
Qube | QUB | $3.88 | +3.7% | +41.1% |
REA Group | REA | $215.84 | +9.7% | +35.6% |
Regis Healthcare | REG | $4.46 | +3.7% | +85.8% |
Resolute Mining | RSG | $0.685 | +6.2% | +107.6% |
Scentre Group | SCG | $3.41 | +4.9% | +23.6% |
Stockland | SGP | $4.66 | +3.3% | +12.8% |
Superloop | SLC | $1.630 | +12.8% | +141.5% |
Santana Minerals | SMI | $1.620 | +39.7% | +174.6% |
Super Retail Group | SUL | $16.38 | +12.8% | +25.2% |
Solvar | SVR | $1.220 | +18.4% | +0.8% |
Southern Cross Electrical Engineering | SXE | $1.800 | +6.2% | +164.7% |
Transurban Group | TCL | $13.43 | +4.7% | -3.1% |
Telix Pharmaceuticals | TLX | $19.52 | +2.0% | +91.7% |
Technology One | TNE | $22.62 | +19.1% | +53.2% |
Westpac Banking Corporation | WBC | $30.40 | +7.7% | +40.3% |
Woolworths Group | WOW | $34.89 | -0.5% | -9.0% |
Xero | XRO | $141.62 | +4.6% | +22.1% |
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: BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC), Commonwealth Bank of Australia (ASX: CBA), Ebos Group (ASX: EBO), Generation Development Group (ASX: GDG), Lovisa (ASX: LOV), Nuix (ASX: NXL), Regis Healthcare (ASX: REG), Resolute Mining (ASX: RSG), Superloop (ASX: SLC), Santana Minerals (ASX: SMI), Solvar (ASX: SVR), Westpac Banking Corporation (ASX: WBC).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.800 | -1.2% | -31.0% |
Aussie Broadband | ABB | $3.09 | -0.6% | +5.1% |
Ampol | ALD | $30.54 | -8.5% | -4.0% |
Arafura Rare Earths | ARU | $0.155 | -16.2% | -41.5% |
BHP Group | BHP | $39.73 | -4.9% | -7.8% |
Bannerman Energy | BMN | $2.36 | -17.8% | +29.7% |
Boss Energy | BOE | $2.92 | -21.9% | -13.9% |
Brainchip | BRN | $0.180 | -7.7% | -50.7% |
Champion Iron | CIA | $5.65 | -8.6% | +8.2% |
Centuria Industrial Reit | CIP | $3.11 | -2.5% | +2.0% |
Deterra Royalties | DRR | $3.68 | -5.2% | -18.2% |
Deep Yellow | DYL | $1.010 | -19.5% | +16.1% |
Fortescue | FMG | $17.01 | -21.3% | -15.8% |
Fleetpartners Group | FPR | $3.20 | -10.9% | +16.8% |
IGO | IGO | $4.98 | -15.7% | -60.0% |
Imugene | IMU | $0.052 | -8.8% | -43.5% |
Johns Lyng Group | JLG | $5.43 | -8.0% | -3.7% |
Lifestyle Communities | LIC | $8.24 | -13.4% | -52.2% |
Lotus Resources | LOT | $0.240 | -26.2% | +11.6% |
Arcadium Lithium | LTM | $3.95 | -27.0% | 0% |
Liontown Resources | LTR | $0.770 | -23.4% | -71.9% |
Meteoric Resources | MEI | $0.100 | -25.9% | -58.3% |
Mineral Resources | MIN | $44.20 | -21.0% | -30.2% |
Mayne Pharma Group | MYX | $3.91 | -17.3% | -19.0% |
Nanosonics | NAN | $2.75 | -9.2% | -41.4% |
Nine Entertainment | NEC | $1.355 | -3.6% | -34.2% |
Neuren Pharmaceuticals | NEU | $15.56 | -29.7% | +29.1% |
Nufarm | NUF | $3.94 | -14.2% | -22.1% |
Nexgen Energy | NXG | $8.95 | -7.8% | +21.6% |
Paladin Energy | PDN | $9.91 | -21.7% | +26.2% |
Perpetual | PPT | $21.23 | -5.2% | -14.6% |
Power | PWH | $9.37 | -23.6% | +6.8% |
Red 5 | RED | $0.355 | -12.3% | +65.1% |
Stanmore Resources | SMR | $3.23 | -14.6% | +18.3% |
Strike Energy | STX | $0.170 | -15.0% | -59.5% |
Sayona Mining | SYA | $0.026 | -23.5% | -79.2% |
Syrah Resources | SYR | $0.220 | -32.3% | -67.0% |
Tabcorp | TAH | $0.575 | -14.2% | -45.8% |
TPG Telecom | TPG | $4.52 | -2.6% | -17.1% |
Viva Energy Group | VEA | $3.05 | 0% | -1.3% |
Whitehaven Coal | WHC | $7.41 | -10.9% | +0.3% |
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: Interesting downtrends in today's Scans: Ampol (ASX: ALD), Bannerman Energy (ASX: BMN), Boss Energy (ASX: BOE), Champion Iron (ASX: CIA), Deterra Royalties (ASX: DRR), Fortescue (ASX: FMG), IGO (ASX: IGO), Liontown Resources (ASX: LTR), Mineral Resources (ASX: MIN), Mayne Pharma Group (ASX: MYX), Nanosonics (ASX: NAN), Nine Entertainment (ASX: NEC), Neuren Pharmaceuticals (ASX: NEU), Paladin Energy (ASX: PDN), Viva Energy Group (ASX: VEA).
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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