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/ChartWatch ASX Scans: Fenix Resources, Global Data Centre, HMC Capital, Ventia Services, Ramsay Health Care, Megaport, Vulcan Steel
Technical Analysis
ChartWatch ASX Scans: Fenix Resources, Global Data Centre, HMC Capital, Ventia Services, Ramsay Health Care, Megaport, Vulcan Steel
Mon 29 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
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 % |
|---|---|---|---|---|
Actinogen Medical | ACW | 0.085 | 84.8% | 142.5% |
Adairs | ADH | 2.160 | 19.3% | 38.9% |
Amcor | AMC | 15.670 | 5.4% | 5.2% |
Austin Engineering | ANG | 0.650 | 13.0% | 132.1% |
Abacus Storage King | ASK | 1.240 | 4.2% | 0.0% |
Commonwealth Bank of Australia | CBA | 133.140 | 5.5% | 27.8% |
Codan | CDA | 12.600 | 6.5% | 67.3% |
Coles Group | COL | 17.790 | 3.4% | -1.3% |
Catalyst Metals | CYL | 1.905 | 76.4% | 184.3% |
Djerriwarrh Investments | DJW | 3.130 | 5.4% | 6.8% |
Electro Optic Systems | EOS | 1.905 | 21.0% | 70.9% |
Fenix Resources | FEX | 0.415 | 31.7% | 29.7% |
Firefly Metals | FFM | 0.840 | 15.1% | 133.3% |
Global Data Centre Group | GDC | 3.400 | 7.3% | 100.0% |
iShares FTSE Global Infrastructure (Hedged) ETF | GLIN | 25.630 | 3.8% | 3.6% |
HMC Capital | HMC | 7.810 | 6.7% | 50.8% |
Insurance Australia Group | IAG | 7.200 | 8.1% | 23.1% |
IVE Group | IGL | 2.260 | 19.9% | 0.4% |
Iress | IRE | 10.540 | 30.9% | 1.4% |
JB HI-FI | JBH | 67.300 | 9.1% | 53.6% |
Kina Securities | KSL | 0.985 | 7.7% | 20.9% |
Lovisa | LOV | 33.780 | 2.3% | 65.2% |
Macmahon | MAH | 0.285 | 1.8% | 96.6% |
Medadvisor | MDR | 0.535 | 9.2% | 132.6% |
Myer | MYR | 0.825 | 0.6% | 26.0% |
Nick Scali | NCK | 14.910 | 7.9% | 52.3% |
Global X India Nifty 50 ETF | NDIA | 78.200 | 3.3% | 20.2% |
Newmont Corporation | NEM | 71.200 | 14.1% | 0.0% |
Ora Banda Mining | OBM | 0.430 | 28.4% | 290.9% |
OFX Group | OFX | 2.270 | 3.7% | 7.6% |
Platinum Asia Investments | PAI | 0.950 | 3.3% | 10.5% |
Paragon Care | PGC | 0.450 | 2.3% | 80.0% |
PM Capital Global Opportunities Fund | PGF | 2.360 | 7.8% | 28.3% |
Pro Medicus | PME | 134.900 | -3.5% | 101.7% |
Regal Partners | RPL | 3.740 | 16.5% | 45.0% |
Scentre Group | SCG | 3.360 | 8.0% | 21.3% |
Spartan Resources | SPR | 1.275 | 43.3% | 558.1% |
Service Stream | SSM | 1.335 | 4.3% | 48.3% |
Suncorp Group | SUN | 17.330 | 3.2% | 25.5% |
Technology One | TNE | 19.360 | 4.9% | 24.7% |
VGI Partners Global Investments | VG1 | 1.950 | 0.5% | 14.4% |
Ventia Services Group | VNT | 4.230 | 11.0% | 44.4% |
Vysarn | VYS | 0.380 | 33.3% | 133.8% |
Westpac Banking Corporation | WBC | 28.590 | 5.5% | 32.3% |
Waratah Minerals | WTM | 0.345 | 213.6% | 155.6% |
XRF Scientific | XRF | 1.540 | 13.2% | 23.2% |
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: Fenix Resources (ASX: FEX), Global Data Centre Group (ASX: GDC), HMC Capital (ASX: HMC), Insurance Australia Group (ASX: IAG), Iress (ASX: IRE), Global X India Nifty 50 ETF (ASX: NDIA), OFX Group (ASX: OFX), Regal Partners (ASX: RPL), Suncorp Group (ASX: SUN), Technology One (ASX: TNE), Ventia Services Group (ASX: VNT), Vysarn (ASX: VYS), Westpac Banking Corporation (ASX: WBC), Waratah Minerals (ASX: WTM).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Ethical Investment | AEF | $4.03 | -7.1% | +7.5% |
Auckland International Airport | AIA | $6.76 | -4.0% | -11.2% |
Eagers Automotive | APE | $10.39 | -1.4% | -27.4% |
Bannerman Energy | BMN | $2.74 | -23.5% | +72.9% |
Credit Corp Group | CCP | $14.79 | -1.7% | -33.0% |
Chorus | CNU | $6.94 | -2.1% | -9.9% |
Cettire | CTT | $1.390 | +25.8% | -56.0% |
Domino's Pizza Enterprises | DMP | $32.85 | -10.6% | -30.5% |
Fortescue | FMG | $20.35 | -6.1% | -12.3% |
Grange Resources | GRR | $0.330 | -13.2% | -43.1% |
Hansen Technologies | HSN | $4.29 | -3.6% | -13.3% |
IDP Education | IEL | $13.91 | -7.8% | -39.9% |
Imugene | IMU | $0.055 | +1.9% | -41.5% |
Kelsian Group | KLS | $5.01 | -1.2% | -28.4% |
Lifestyle Communities | LIC | $9.45 | -24.4% | -43.3% |
Lotus Resources | LOT | $0.260 | -20.0% | +33.3% |
Latin Resources | LRS | $0.150 | -16.7% | -63.4% |
Mineral Resources | MIN | $53.67 | -4.0% | -24.4% |
Megaport | MP1 | $10.75 | -6.9% | +15.6% |
Mayne Pharma Group | MYX | $4.38 | -5.6% | -6.4% |
Nine Entertainment | NEC | $1.385 | 0% | -31.1% |
Nickel Industries | NIC | $0.805 | -1.2% | -1.2% |
Nexgen Energy | NXG | $9.54 | -9.3% | +39.7% |
Pilbara Minerals | PLS | $2.98 | -8.6% | -38.3% |
Platinum Asset Management | PTM | $1.050 | -2.3% | -34.8% |
Ramsay Health Care | RHC | $46.58 | -1.3% | -16.8% |
Renascor Resources | RNU | $0.088 | 0% | -52.4% |
Regis Resources | RRL | $1.665 | -5.4% | -19.6% |
Sandfire Resources | SFR | $8.26 | -5.1% | +37.4% |
Smartgroup Corporation | SIQ | $8.21 | -3.5% | -2.1% |
Spark New Zealand | SPK | $3.75 | -1.3% | -19.5% |
Sayona Mining | SYA | $0.031 | -18.4% | -80.6% |
Syrah Resources | SYR | $0.265 | -27.4% | -63.2% |
Tabcorp | TAH | $0.660 | -5.0% | -40.8% |
Terracom | TER | $0.200 | -7.0% | -51.2% |
The Lottery Corporation | TLC | $4.91 | -4.1% | -2.6% |
TPG Telecom | TPG | $4.56 | +1.1% | -9.0% |
Vulcan Steel | VSL | $6.35 | -3.2% | -18.8% |
Weebit Nano | WBT | $2.31 | -4.9% | -60.6% |
Wildcat Resources | WC8 | $0.240 | -25.0% | +50.0% |
Woodside Energy Group | WDS | $26.94 | -4.6% | -28.5% |
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: Auckland International Airport (ASX: AIA), Domino's Pizza Enterprises (ASX: DMP), Fortescue (ASX: FMG), Lotus Resources (ASX: LOT), Megaport (ASX: MP1), Mayne Pharma Group (ASX: MYX), Ramsay Health Care (ASX: RHC), Regis Resources (ASX: RRL), Smartgroup Corporation (ASX: SIQ), Syrah Resources (ASX: SYR), Vulcan Steel (ASX: VSL), Woodside Energy Group (ASX: WDS).
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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