Evening Wrap: ASX 200 higher, Wesfarmers soars on Goldman Sachs upgrade, Energy stocks slump
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Technical Analysis
/ChartWatch ASX Scans: Evolution Mining, Gold Road, Physical Gold ETF, Physical Silver ETF, Regis Resources, Audinate, Nanosonics, Nextdc
Technical Analysis
ChartWatch ASX Scans: Evolution Mining, Gold Road, Physical Gold ETF, Physical Silver ETF, Regis Resources, Audinate, Nanosonics, Nextdc
Wed 11 Dec 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Asia Technology Tigers ETF (ASIA), Bisalloy Steel Group (BIS), Silver ETF (ETPMAG), Evolution Mining (EVN), Gold ETF (GOLD), Gold Road (GOR), Wide Moat ETF (MOAT), Regis Resources (RRL), Smart Parking (SPZ).
- Interesting downtrends in today's Scans: Audinate (AD8), Droneshield (DRO), Flight Centre (FLT), IDP Education (IEL), Lifestyle Communities (LIC), Liontown (LTR), Nanosonics (NAN), Novonix (NVX), Nextdc (NXT), Ramsay Health (RHC), Star Entertainment (SGR).
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 % |
Global X Battery Tech & Lithium ETF | ACDC | $86.11 | +4.1% | +1.1% |
Antipodes Global Shares ETF | AGX1 | $6.40 | +3.1% | +21.2% |
BetaShares Asia Technology Tigers ETF | ASIA | $10.21 | +4.8% | +35.6% |
Avita Medical | AVH | $4.20 | +19.0% | +8.5% |
Bisalloy Steel Group | BIS | $4.40 | +27.5% | +109.5% |
Botanix Pharmaceuticals | BOT | $0.375 | +11.9% | +127.3% |
De Grey Mining | DEG | $1.965 | +43.4% | +45.0% |
Global X Physical Silver ETF | ETPMAG | $46.25 | +5.7% | +36.4% |
Evolution Mining | EVN | $5.29 | +8.6% | +44.9% |
Fidelity Global Emerging Markets Fund ETF | FEMX | $6.40 | +4.9% | +10.5% |
Global X Physical Gold ETF | GOLD | $38.49 | +3.2% | +34.2% |
Gold Road Resources | GOR | $2.18 | +19.5% | +12.7% |
Global X Artificial Intelligence ETF | GXAI | $12.27 | +6.5% | 0% |
Vaneck Morningstar Wide Moat ETF | MOAT | $134.78 | +4.5% | +16.7% |
MTM Critical Metals | MTM | $0.175 | +157.4% | +600.0% |
Myer | MYR | $1.215 | +32.1% | +113.2% |
Rio Tinto | RIO | $125.28 | +4.9% | -1.9% |
Resmed Inc | RMD | $38.19 | +0.3% | +54.1% |
Ramelius Resources | RMS | $2.37 | +11.3% | +49.5% |
Global X Robo Global Robotics & Automation ETF | ROBO | $80.25 | +4.4% | +14.8% |
Regis Resources | RRL | $2.85 | +11.3% | +49.2% |
Sandfire Resources | SFR | $10.67 | +3.7% | +65.9% |
Supply Network | SNL | $32.92 | +5.9% | +111.7% |
Smart Parking | SPZ | $0.925 | +34.1% | +156.9% |
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 Asia Technology Tigers ETF (ASX: ASIA), Bisalloy Steel Group (ASX: BIS), Global X Physical Silver ETF (ASX: ETPMAG), Evolution Mining (ASX: EVN), Global X Physical Gold ETF (ASX: GOLD), Gold Road Resources (ASX: GOR), Vaneck Morningstar Wide Moat ETF (ASX: MOAT), Global X Robo Global Robotics & Automation ETF (ASX: ROBO), Regis Resources (ASX: RRL), Smart Parking (ASX: SPZ).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $7.75 | -18.1% | -47.7% |
Atlas Arteria | ALX | $4.66 | -5.1% | -18.7% |
Abacus Storage King | ASK | $1.160 | -2.1% | -2.5% |
Challenger | CGF | $5.89 | -4.4% | -2.5% |
Chalice Mining | CHN | $1.270 | -16.4% | -14.5% |
Cromwell Property Group | CMW | $0.355 | -9.0% | -19.3% |
Centuria Office Reit | COF | $1.115 | -5.5% | -15.5% |
Dicker Data | DDR | $8.39 | -6.6% | -30.9% |
Domain Australia | DHG | $2.67 | -1.1% | -20.5% |
Domino's Pizza Enterprises | DMP | $31.25 | +4.1% | -42.2% |
Droneshield | DRO | $0.635 | -22.1% | +101.6% |
Flight Centre Travel Group | FLT | $16.40 | +0.6% | -10.7% |
Graincorp | GNC | $7.69 | -12.7% | +5.3% |
IDP Education | IEL | $12.34 | -12.3% | -47.2% |
IGO | IGO | $5.08 | -2.3% | -36.7% |
Ioneer | INR | $0.165 | -23.3% | +13.8% |
IPH | IPH | $4.95 | -7.5% | -26.9% |
Iress | IRE | $8.88 | -10.8% | +9.6% |
Johns Lyng Group | JLG | $3.81 | -8.2% | -34.9% |
Kelsian Group | KLS | $3.70 | -2.6% | -44.1% |
Lifestyle Communities | LIC | $8.30 | -6.6% | -51.4% |
Lotus Resources | LOT | $0.215 | -10.4% | -23.2% |
Liontown Resources | LTR | $0.610 | -27.4% | -54.0% |
Meteoric Resources | MEI | $0.090 | -21.7% | -55.0% |
McMillan Shakespeare | MMS | $14.71 | -4.5% | -13.4% |
Megaport | MP1 | $7.43 | -3.4% | -26.7% |
Nanosonics | NAN | $3.14 | -4.3% | -28.6% |
Novonix | NVX | $0.625 | -13.2% | -8.1% |
Nextdc | NXT | $15.70 | -6.8% | +18.1% |
OOH!Media | OML | $1.215 | 0% | -12.9% |
Polynovo | PNV | $2.15 | +4.9% | +38.7% |
Perpetual | PPT | $20.07 | -2.1% | -20.8% |
Ramsay Health Care | RHC | $38.84 | +1.1% | -19.6% |
The Star Entertainment Group | SGR | $0.180 | -18.2% | -68.4% |
Spark New Zealand | SPK | $2.55 | -5.2% | -47.4% |
TPG Telecom | TPG | $4.39 | -0.2% | -8.4% |
WEB Travel Group | WEB | $4.59 | +9.8% | -21.7% |
Worley | WOR | $13.23 | -7.4% | -22.0% |
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: Audinate Group (ASX: AD8), Challenger (ASX: CGF), Cromwell Property Group (ASX: CMW), Dicker Data (ASX: DDR), Droneshield (ASX: DRO), Flight Centre Travel Group (ASX: FLT), Graincorp (ASX: GNC), IDP Education (ASX: IEL), Ioneer (ASX: INR), IPH (ASX: IPH), Lifestyle Communities (ASX: LIC), Liontown Resources (ASX: LTR), McMillan Shakespeare (ASX: MMS), Nanosonics (ASX: NAN), Novonix (ASX: NVX), Nextdc (ASX: NXT), Ramsay Health Care (ASX: RHC), The Star Entertainment Group (ASX: SGR), Spark New Zealand (ASX: SPK).
Charts of each below:
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.
Carl has over 30-year's 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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