Evening Wrap: ASX 200 dips but logs important weekly gain despite falling bank shares, lithium stocks pop as investors seek bargains
Fri 17 Jan 25, 6:06pm (AEDT)
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/ChartWatch ASX Scans: Global X Physical Gold & Physical Silver ETFs, Evolution Mining, Northern Star Resources, Megaport, Woolworths
Technical Analysis
ChartWatch ASX Scans: Global X Physical Gold & Physical Silver ETFs, Evolution Mining, Northern Star Resources, Megaport, Woolworths
Thu 17 Oct 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: AMP (AMP), BCI Minerals (BCI), Physical Silver ETF (ETPMAG), Evolution Mining (EVN), Vaneck Gold Miners ETF (GDX), Physical Gold ETF (GOLD), MTM Critical Metals (MTM), Nickel Industries (NIC), Regis Resources (RRL)
- Interesting downtrends in today's Scans: Amotiv (AOV), Cochlear (COH), Data#3 (DTL), Endeavour Group (EDV), IDP Education (IEL), Jumbo Interactive (JIN), Megaport (MP1), Neuren Pharmaceuticals (NEU), Star Entertainment (SGR), Woolworths Group (WOW)
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 | $2.40 | +34.1% | +70.8% |
AMP | AMP | $1.355 | +2.3% | +14.3% |
ANZ Group | ANZ | $31.40 | +0.6% | +22.1% |
BCI Minerals | BCI | $0.320 | +6.7% | +26.0% |
Bank of Queensland | BOQ | $6.68 | +2.8% | +22.3% |
Catapult Group | CAT | $2.48 | +4.6% | +155.7% |
Capricorn Metals | CMM | $6.43 | +3.0% | +49.9% |
Dropsuite | DSE | $3.55 | +4.7% | +47.9% |
Global X Physical Silver ETF | ETPMAG | $43.85 | +3.8% | +35.8% |
Evolution Mining | EVN | $5.01 | +13.6% | +41.1% |
Findi | FND | $5.18 | +23.6% | +1051.1% |
Vaneck Gold Miners ETF | GDX | $60.90 | +3.6% | +38.6% |
Global X Physical Gold ETF | GOLD | $36.76 | +4.3% | +33.8% |
Imdex | IMD | $2.43 | +8.5% | +66.4% |
Judo Capital | JDO | $1.810 | +3.7% | +106.9% |
Metro Mining | MMI | $0.050 | +47.1% | +138.1% |
MTM Critical Metals | MTM | $0.099 | +83.3% | +175.0% |
Nickel Industries | NIC | $0.960 | +15.7% | +20.0% |
Northern Star Resources | NST | $16.81 | +6.5% | +52.1% |
Piedmont Lithium | PLL | $0.205 | +95.2% | -63.1% |
Qantas Airways | QAN | $7.45 | +4.1% | +48.4% |
Ramelius Resources | RMS | $2.33 | +7.4% | +39.1% |
Regis Resources | RRL | $2.56 | +32.0% | +63.1% |
Resolute Mining | RSG | $0.825 | +14.6% | +126.0% |
Vulcan Energy Resources | VUL | $4.96 | +37.4% | +80.4% |
Today's Uptrends Scan List
Feature charts from today's Uptrends List 🔎📈
Adairs (ASX: ADH), AMP (ASX: AMP), BCI Minerals (ASX: BCI), Bank of Queensland (ASX: BOQ), Capricorn Metals (ASX: CMM), Global X Physical Silver ETF (ASX: ETPMAG), Evolution Mining (ASX: EVN), Vaneck Gold Miners ETF (ASX: GDX), Global X Physical Gold ETF (ASX: GOLD), Judo Capital (ASX: JDO), MTM Critical Metals (ASX: MTM), Nickel Industries (ASX: NIC), Northern Star Resources (ASX: NST), Qantas Airways (ASX: QAN), Ramelius Resources (ASX: RMS), Regis Resources (ASX: RRL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Amotiv | AOV | $9.98 | -3.5% | -14.8% |
Cochlear | COH | $286.10 | -0.2% | +11.4% |
Data#3 | DTL | $7.36 | -4.9% | +1.7% |
Endeavour Group | EDV | $4.83 | -4.7% | -8.5% |
IDP Education | IEL | $13.00 | -19.5% | -42.1% |
Infomedia | IFM | $1.495 | -9.9% | -4.8% |
Immutep | IMM | $0.305 | -10.3% | +14.0% |
Inghams Group | ING | $2.89 | -2.4% | -14.5% |
Jumbo Interactive | JIN | $12.96 | -2.7% | -15.1% |
Karoon Energy | KAR | $1.525 | +3.4% | -41.2% |
Megaport | MP1 | $7.44 | -0.9% | -35.6% |
Metcash | MTS | $3.51 | -1.7% | -6.6% |
Monash IVF Group | MVF | $1.190 | +0.8% | -6.3% |
Neuren Pharmaceuticals | NEU | $12.70 | -7.0% | +7.6% |
PWR Holdings | PWH | $8.92 | -0.3% | -18.5% |
Rural Funds Group | RFF | $1.945 | -2.8% | +6.3% |
Steadfast Group | SDF | $5.39 | -4.6% | -4.8% |
The Star Entertainment Group | SGR | $0.255 | -49.0% | -69.0% |
Spark New Zealand | SPK | $2.65 | -14.2% | -42.6% |
Webjet | WEB | $4.46 | -33.2% | -22.5% |
Woolworths Group | WOW | $32.52 | -7.3% | -12.4% |
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: Amotiv (ASX: AOV), Cochlear (ASX: COH), Data#3 (ASX: DTL), Endeavour Group (ASX: EDV), IDP Education (ASX: IEL), Jumbo Interactive (ASX: JIN), Megaport (ASX: MP1), Neuren Pharmaceuticals (ASX: NEU), PWR Holdings (ASX: PWH), Steadfast Group (ASX: SDF), The Star Entertainment Group (ASX: SGR), Spark New Zealand (ASX: SPK), Webjet (ASX: WEB), Woolworths Group (ASX: WOW).
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-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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