Technical Analysis

ChartWatch ASX Scans: Energy One, Southern Cross Electrical Engineering, Treasury Wine Estates, Bluescope Steel, Cettire, Sims

Thu 20 Jun 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Energy One (EOL), Findi (FND), GQG Partners (GQG), National Australia Bank (NAB), Pro Medicus (PME), Polynovo (PNV), Superloop (SLC), Southern Cross Electrical (SXE), and Treasury Wine (TWE)
  • Interesting downtrends in today's Scan Lists: Bluescope (BSL), Cettire (CTT), Chorus (CNU), Domino's Pizza (DMP), EVT (EVT), Iluka (ILU), Kelsian (KLS), Monadelphous (MND), Reliance Worldwide (RWC), Sims (SGM), and Skycity Entertainment (SKC)

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 %

Argenica Therapeutics

AGN

$0.880

+22.2%

+125.6%

ALS

ALQ

$14.53

+5.4%

+24.2%

Austin Engineering

ANG

$0.575

+5.5%

+117.0%

Aroa Biosurgery

ARX

$0.645

+29.0%

-26.7%

BetaShares Asia Technology Tigers ETF

ASIA

$9.35

+3.4%

+24.2%

AUB Group

AUB

$31.40

+4.9%

+14.1%

Breville Group

BRG

$28.36

+11.2%

+45.7%

Catapult Group International

CAT

$1.850

+26.3%

+93.7%

Codan

CDA

$11.42

+6.7%

+47.4%

Calima Energy

CE1

$0.010

+177.8%

+296.8%

Coles Group

COL

$17.37

+6.7%

-4.0%

Cyprium Metals

CYM

$0.045

+9.8%

-37.2%

Dalrymple Bay Infrastructure/Notes

DBI

$2.94

+0.3%

+10.5%

BetaShares Global Healthcare Hedged ETF

DRUG

$8.71

0%

+11.2%

Diversified United Investment

DUI

$5.22

+3.6%

+7.0%

Emeco

EHL

$0.735

+0.7%

+8.1%

Vaneck MSCI Multifactor EM Markets Equity ETF

EMKT

$25.42

+3.1%

+19.3%

Energy One

EOL

$4.46

+4.0%

+56.9%

Frontier Energy

FHE

$0.485

+36.6%

+18.3%

Findi

FND

$4.08

+34.2%

+655.6%

Fisher & Paykel Healthcare Corporation

FPH

$28.82

+9.3%

+32.4%

Global Data Centre Group

GDC

$3.22

+15.0%

+92.8%

GQG Partners Inc.

GQG

$2.78

+12.1%

+86.6%

Insurance Australia Group

IAG

$6.73

+5.5%

+22.1%

JB HI-FI

JBH

$64.74

+14.5%

+50.3%

Jumbo Interactive

JIN

$16.80

-2.7%

+15.4%

Kelly Partners Group

KPG

$7.96

+16.7%

+77.3%

Munro Climate Change Leaders Fund ETF

MCCL

$15.36

+8.2%

+55.5%

Mitre Mining Corporation

MMC

$0.740

-12.9%

+142.6%

Macquarie Group

MQG

$197.79

+1.9%

+7.3%

National Australia Bank

NAB

$36.17

+4.1%

+39.9%

NRW

NWH

$3.06

+12.5%

+30.8%

News Corporation

NWS

$41.60

+2.5%

+45.0%

Propel Funeral Partners

PFP

$5.79

+4.3%

+33.1%

Paragon Care

PGC

$0.410

+13.9%

+70.8%

Plenti Group

PLT

$0.800

+20.3%

+95.1%

Pro Medicus

PME

$135.98

+17.2%

+97.6%

Pinnacle Investment Management Group

PNI

$13.66

+5.9%

+44.7%

Polynovo

PNV

$2.42

+16.9%

+60.8%

PYC Therapeutics

PYC

$0.115

+15.0%

+119.6%

Rincon Resources

RCR

$0.115

+4.5%

+51.3%

REA Group

REA

$192.15

+2.0%

+39.8%

Retail Food Group

RFG

$0.081

+14.1%

+62.0%

Regal Asian Investments

RG8

$2.16

+4.3%

+9.6%

Rpmglobal

RUL

$2.65

+11.3%

+79.7%

Global X Semiconductor ETF

SEMI

$19.44

+16.2%

+67.6%

Sigma Healthcare

SIG

$1.300

+4.8%

+67.3%

Superloop

SLC

$1.535

+15.4%

+132.6%

Southern Cross Electrical Engineering

SXE

$1.670

+9.9%

+156.9%

Treasury Wine Estates

TWE

$12.41

+8.6%

+10.2%

VGI Partners Global Investments

VG1

$1.920

+1.9%

+16.4%

Vanguard FTSE Emerging Markets Shares ETF

VGE

$73.75

-0.3%

+9.4%

Zip Co.

ZIP

$1.440

+14.3%

+200.0%

Today's Uptrends Scan List

Interesting charts from today's Uptrends List πŸ”ŽπŸ“ˆ

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Argenica Therapeutics (ASX: AGN), BetaShares Asia Technology Tigers ETF (ASX: ASIA), Calima Energy (ASX: CE1), Coles Group (ASX: COL), Energy One (ASX: EOL), Findi (ASX: FND), GQG Partners Inc. (ASX: GQG), Insurance Australia Group (ASX: IAG), National Australia Bank (ASX: NAB), Pro Medicus (ASX: PME), Pinnacle Investment Management Group (ASX: PNI), Polynovo (ASX: PNV), Superloop (ASX: SLC), Southern Cross Electrical Engineering (ASX: SXE), Treasury Wine Estates (ASX: TWE).

Charts of each below:

Argenica Therapeutics (ASX-AGN) chart 19 June 2024BetaShares Asia Technology Tigers ETF (ASX-ASIA) chart 19 June 2024Calima Energy (ASX-CE1) chart 19 June 2024Coles Group (ASX-COL) chart 19 June 2024Energy One (ASX-EOL) chart 19 June 2024Findi (ASX-FND) chart 19 June 2024GQG Partners Inc. (ASX-GQG) chart 19 June 2024Insurance Australia Group (ASX-IAG) chart 19 June 2024National Australia Bank (ASX-NAB) chart 19 June 2024Pinnacle Investment Management Group (ASX-PNI) chart 19 June 2024Polynovo (ASX-PNV) chart 19 June 2024Pro Medicus (ASX-PME) chart 19 June 2024Southern Cross Electrical Engineering (ASX-SXE) chart 19 June 2024Superloop (ASX-SLC) chart 19 June 2024Treasury Wine Estates (ASX-TWE) chart 19 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

AMP

AMP

$1.050

-4.1%

-8.7%

Arafura Rare Earths

ARU

$0.170

-12.8%

-48.5%

ASX

ASX

$57.55

-8.5%

-7.0%

Aurizon

AZJ

$3.58

-4.3%

-4.8%

Beach Energy

BPT

$1.465

-14.3%

+8.1%

Bluescope Steel

BSL

$20.05

-7.5%

-4.7%

Centuria Industrial Reit

CIP

$3.10

-3.7%

-0.3%

Charter Hall Long Wale Reit

CLW

$3.42

-4.2%

-16.0%

Chorus

CNU

$6.73

+1.2%

-13.2%

Charter Hall Social Infrastructure Reit

CQE

$2.39

-6.3%

-19.8%

Charter Hall Retail Reit

CQR

$3.28

-3.0%

-9.6%

Cettire

CTT

$2.22

-14.3%

+8.8%

Domino's Pizza

DMP

$36.32

-1.8%

-17.2%

Dexus

DXS

$6.54

-7.5%

-18.1%

Ebos Group

EBO

$29.51

-8.1%

-9.1%

EVT

EVT

$11.05

-6.1%

-9.9%

Fortescue

FMG

$21.86

-19.8%

-2.9%

GPT Group

GPT

$3.97

-9.2%

-3.4%

Healthco Healthcare and Wellness Reit

HCW

$1.130

-1.3%

-19.6%

Iluka Resources

ILU

$6.35

-19.2%

-46.8%

Ioneer

INR

$0.140

-39.1%

-58.8%

Kelsian Group

KLS

$4.94

-6.6%

-31.7%

Arcadium Lithium

LTM

$5.06

-29.8%

0%

Liontown Resources

LTR

$1.000

-32.9%

-64.3%

Magellan Financial

MFG

$8.22

-3.9%

-1.8%

Monadelphous

MND

$12.91

-1.8%

+5.1%

NIB

NHF

$7.30

+2.5%

-16.0%

Novonix

NVX

$0.650

-26.1%

-42.0%

Reliance Worldwide

RWC

$4.56

-9.2%

+8.8%

Sims

SGM

$10.38

-5.1%

-32.6%

Skycity Entertainment

SKC

$1.300

-16.7%

-36.3%

Strike Energy

STX

$0.200

-4.8%

-57.9%

Sayona Mining

SYA

$0.034

-30.6%

-81.6%

Terracom

TER

$0.200

-16.7%

-57.0%

Talga Group

TLG

$0.560

-29.1%

-57.9%

Vicinity Centres

VCX

$1.865

-3.9%

0%

Viva Energy Group

VEA

$3.19

-7.5%

+7.0%

Waypoint Reit

WPR

$2.32

-4.1%

-14.1%

Today's Downtrends Scan List

Interesting charts from today's Downtrends List πŸ”ŽπŸ“‰

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Aurizon (ASX: AZJ), Bluescope Steel (ASX: BSL), Cettire (ASX: CTT), Chorus (ASX: CNU), Domino's Pizza Enterprises (ASX: DMP), EVT (ASX: EVT), Iluka Resources (ASX: ILU), Kelsian Group (ASX: KLS), Monadelphous Group (ASX: MND), Reliance Worldwide Corporation (ASX: RWC), Sims (ASX: SGM), Skycity Entertainment Group (ASX: SKC).

Charts of each below:

Aurizon (ASX-AZJ) chart 19 June 2024Bluescope Steel (ASX-BSL) chart 19 June 2024Cettire (ASX-CTT) chart 19 June 2024Chorus (ASX-CNU) chart 19 June 2024Domino-s Pizza Enterprises (ASX-DMP) chart 19 June 2024EVT (ASX-EVT) chart 19 June 2024Iluka Resources (ASX-ILU) chart 19 June 2024Kelsian Group (ASX-KLS) chart 19 June 2024Monadelphous Group (ASX-MND) chart 19 June 2024Reliance Worldwide Corporation (ASX-RWC) chart 19 June 2024Sims (ASX-SGM) chart 19 June 2024Skycity Entertainment Group (ASX-SKC) chart 19 June 2024

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.

 

Written By

Carl Capolingua

Content Editor

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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