Evening Wrap: ASX 200 edges higher as financials, property and tech stocks lead, worrying China market move drags down commodities
Mon 16 Sep 24, 5:46pm (AEST)
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/ChartWatch ASX Scans: Electro Optic Systems, Flight Centre, Global Data Centre, NRW, Iluka Resources, Monash IVF, Nexgen Energy
Technical Analysis
ChartWatch ASX Scans: Electro Optic Systems, Flight Centre, Global Data Centre, NRW, Iluka Resources, Monash IVF, Nexgen Energy
Mon 22 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Catapult International (CAT), CSL (CSL), Electro Optic Systems (EOS), Flight Centre (FLT), Global Data Centre (GDC), JB HI-FI (JBH), Lovisa (LOV), Macquarie (MQG), Nick Scali (NCK), Technology One (TNE), Titomic (TTT)
- Interesting downtrends in today's Scans: Bannerman Energy (BMN), EVT (EVT), Iluka Resources (ILU), MA Financial (MAF), Megaport (MP1), Metcash (MTS), Monash IVF (MVF), Nexgen Energy (NXG), Viva Energy (VEA)
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 % |
|---|---|---|---|---|
Aristocrat Leisure | ALL | $53.11 | +8.7% | +38.6% |
AMP | AMP | $1.150 | +8.5% | +9.5% |
Austin Engineering | ANG | $0.625 | +6.8% | +123.2% |
Ansell | ANN | $26.72 | +1.5% | -3.8% |
ARB Corporation | ARB | $40.33 | +6.2% | +33.1% |
Austal | ASB | $2.57 | +7.1% | -6.2% |
Catapult Group International | CAT | $2.04 | +7.4% | +105.0% |
Commonwealth Bank of Australia | CBA | $131.63 | +3.0% | +28.3% |
Codan | CDA | $12.04 | +6.3% | +51.4% |
Coles Group | COL | $17.63 | +2.7% | -2.4% |
CSL | CSL | $311.70 | +7.2% | +17.8% |
Clarity Pharmaceuticals | CU6 | $6.28 | +29.5% | +628.3% |
Djerriwarrh Investments | DJW | $3.11 | +5.1% | +6.5% |
Dimerix | DXB | $0.560 | -8.2% | +667.1% |
Empire Energy Group | EEG | $0.290 | +23.4% | +81.3% |
Emerald Resources | EMR | $3.96 | +13.1% | +72.2% |
Electro Optic Systems | EOS | $1.920 | +30.6% | +76.1% |
EQT | EQT | $33.20 | +3.2% | +27.9% |
EZZ Life Science | EZZ | $2.35 | +74.1% | +351.9% |
Flight Centre Travel Group | FLT | $22.66 | +14.3% | +11.6% |
Fisher & Paykel Healthcare | FPH | $28.50 | +0.0% | +26.7% |
Global Data Centre Group | GDC | $3.33 | +3.4% | +100.6% |
Genesis Minerals | GMD | $2.15 | +18.8% | +65.4% |
Goodman Group | GMG | $37.10 | +4.4% | +81.0% |
Genusplus Group | GNP | $2.17 | +16.4% | +90.4% |
HMC Capital | HMC | $7.65 | +3.2% | +48.0% |
Integrated Research | IRI | $0.940 | +25.3% | +113.6% |
JB HI-FI | JBH | $65.10 | +0.8% | +43.0% |
Killi Resources | KLI | $0.155 | +342.9% | +117.6% |
Kina Securities | KSL | $0.980 | +3.2% | +24.8% |
Lovisa | LOV | $33.85 | +1.7% | +67.0% |
Medadvisor | MDR | $0.540 | +22.7% | +145.5% |
Magellan Financial Group | MFG | $9.76 | +15.8% | +14.8% |
Maas Group | MGH | $4.36 | +10.7% | +73.0% |
Mirrabooka Investments | MIR | $3.43 | +7.9% | +19.2% |
Macquarie Group | MQG | $210.06 | +6.9% | +15.6% |
Vaneck Australian Banks ETF | MVB | $36.33 | +3.3% | +24.0% |
Mystate | MYS | $3.97 | +3.7% | +14.4% |
Nick Scali | NCK | $14.47 | +2.9% | +46.3% |
NRW | NWH | $3.31 | +6.1% | +30.8% |
Netwealth Group | NWL | $22.63 | +4.1% | +58.7% |
OFX Group | OFX | $2.23 | +2.3% | +15.5% |
Paragon Care | PGC | $0.460 | +10.8% | +76.9% |
SKS Technologies Group | SKS | $1.600 | +92.8% | +515.4% |
SPDR S&P/ASX 200 Listed Property ETF | SLF | $13.21 | +3.9% | +23.9% |
Washington H Soul Pattinson | SOL | $34.73 | +3.5% | +10.3% |
Technology One | TNE | $19.00 | +4.1% | +21.0% |
Titomic | TTT | $0.185 | +128.4% | +825.0% |
Ventia Services Group | VNT | $4.19 | +7.7% | +36.0% |
Westpac Banking Corporation | WBC | $28.22 | +3.6% | +31.4% |
Wesfarmers | WES | $70.33 | +4.2% | +43.5% |
Westgold Resources | WGX | $2.67 | +10.3% | +63.8% |
Woolworths Group | WOW | $35.06 | +6.2% | -9.3% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Aristocrat Leisure (ASX: ALL), Ansell (ASX: ANN), ARB Corporation (ASX: ARB), Austal (ASX: ASB), Catapult Group International (ASX: CAT), CSL (ASX: CSL), Empire Energy Group (ASX: EEG), Electro Optic Systems (ASX: EOS), Flight Centre Travel Group (ASX: FLT), Global Data Centre Group (ASX: GDC), Goodman Group (ASX: GMG), JB HI-FI (ASX: JBH), Lovisa (ASX: LOV), Macquarie Group (ASX: MQG), Nick Scali (ASX: NCK), NRW (ASX: NWH), OFX Group (ASX: OFX), SKS Technologies Group (ASX: SKS), Technology One (ASX: TNE), Titomic (ASX: TTT), Ventia Services Group (ASX: VNT).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Adriatic Metals | ADT | $3.28 | -17.6% | -5.2% |
BHP Group | BHP | $41.76 | -2.3% | -6.8% |
Bannerman Energy | BMN | $2.87 | -24.1% | +78.3% |
Chalice Mining | CHN | $1.115 | -18.0% | -81.6% |
EVT | EVT | $10.80 | -4.0% | -5.0% |
Iluka Resources | ILU | $6.39 | -0.6% | -42.6% |
Latin Resources | LRS | $0.155 | -18.4% | -55.1% |
MA Financial Group | MAF | $4.38 | -3.5% | -17.4% |
Megaport | MP1 | $11.01 | -8.2% | +15.4% |
Metcash | MTS | $3.56 | -7.3% | -5.1% |
Monash IVF Group | MVF | $1.275 | -6.9% | +9.4% |
Nexgen Energy | NXG | $9.71 | -6.9% | +43.6% |
Strike Energy | STX | $0.200 | -7.0% | -54.0% |
Tabcorp | TAH | $0.670 | -2.2% | -39.6% |
Terracom | TER | $0.205 | -8.9% | -51.2% |
Talga Group | TLG | $0.460 | -19.3% | -65.7% |
Viva Energy Group | VEA | $3.05 | -4.1% | +0.3% |
Weebit Nano | WBT | $2.33 | +2.2% | -62.4% |
Wildcat Resources | WC8 | $0.265 | -22.1% | +89.3% |
Today's Downtrends Scan List
Interesting charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Bannerman Energy (ASX: BMN), EVT (ASX: EVT), Iluka Resources (ASX: ILU), MA Financial Group (ASX: MAF), Megaport (ASX: MP1), Metcash (ASX: MTS), Monash IVF Group (ASX: MVF), Nexgen Energy (ASX: NXG), 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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