Evening Wrap: ASX 200 finishes flat (again) after RBA surprises everyone; banks gain led by CBA, gold stocks shine
Tue 08 Jul 25, 5:13pm (AEST)
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/ChartWatch ASX Scans: Global X Uranium ETF, Codan, Megaport, Northern Star Resources, Nufarm, IDP Education
Technical Analysis
ChartWatch ASX Scans: Global X Uranium ETF, Codan, Megaport, Northern Star Resources, Nufarm, IDP Education
Mon 26 May 25, 9:15am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Adriatic Metals (ADT), Global X Uranium ETF (ATOM), Codan (CDA), Locksley Resources (LKY), Megaport (MP1), Northern Star Resources (NST), Objective Corp (OCL), Saturn Metals (STN), Telstra (TLS), Technology One (TNE).
- Interesting downtrends in today's Scans: Amcor (AMC), Aurizon (AZJ), Botanix Pharmaceuticals (BOT), Collins Foods (CKF), Coronado Global Resources (CRN), Cettire (CTT), Humm (HUM), IDP Education (IEL), Nufarm (NUF).
Happy birthday ChartWatch ASX Scans! 🎂🥳
ChartWatch ASX Scans turned 1 on Friday, so we're going to make this week Birthday Week for Australia's best daily and free technical analysis scan list! 💪
Each day for the last 250-odd trading days, I have attempted to bring you the best uptrends and downtrends across the entire ASX. I hope that you have had great success on both sides of the equation.
Today, I'll recap the Top 5 most Featured Uptrends:
Commonwealth Bank of Australia (CBA)
52 x Feature Uptrend = On average once a week!
First Feature: 4 June 2024 @ closing price $122.46
Last price $173.84 +42.0% | MFE Price $176.46 +44.1%
Catalyst Metals (CYL)
42 x Feature Uptrend
First Feature: 27 May 2024 @ closing price $1.14
Last price $6.35 +457.0% | MFE Price $7.19 +530.7%
Pro Medicus (PME)
40 x Feature Uptrend
First Feature: 11 June 2024 @ closing price $128.06
Last price $274.48 +114.3% | MFE Price $298.98 +133.5%
Technology One (TNE)
40 x Feature Uptrend
First Feature: 5 June 2024 @ closing price of $18.03
Last price $39.00 +116.3% | MFE Price $38.61 +117.0%
Hub24 (HUB)
35 x Feature Uptrend
First Feature: 24 May 2024 @ closing price of $42.70
Last price $80.27 +88% | MFE Price $92.65 +117.0%
That's quite a Top 5! On average, these 5 stocks are currently up 163.5% based upon their respective last prices, and 187.9% based on their respective maximum favourable excursions ("MFE"). Importantly, each has featured recently, and each remains in a state of short term -and -long term uptrends.
Who knows what next year's Top 5 Feature Uptrends will be, but I can't see any reason why these 5 can't feature again. Of course, that's the thing about trend following – it's about following – not anticipating. So, we'll just have to tune in tomorrow, and the next day, to see what great uptrends pop up 📈.
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.
Feel free to get your favourite AI to convert the tables below into lists you can upload to your favourite trading platform like TradingView. Then you'll be able to skip from chart to chart and quickly and easily see the best uptrends and downtrends on the ASX.
Some investors prefer to buy those stocks in strong uptrends, and avoid, sell, or short sell those stocks in strong downtrends – but how you use the lists is really up to you!
Note, many stocks in both lists have appeared there many times before. As long as they keep meeting my criteria – they'll keep appearing. But note, there won't be any notifications when they don't, so you'll have to do your own research on when a particular trend changes!
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Adriatic Metals | ADT | $5.04 | +14.3% | +8.9% |
ALS | ALQ | $17.69 | +12.9% | +22.2% |
Austal | ASB | $5.11 | +0.6% | +112.9% |
Global X Uranium ETF | ATOM | $16.51 | +30.9% | -4.2% |
Bendigo and Adelaide Bank | BEN | $11.86 | +9.9% | +7.0% |
Codan | CDA | $17.55 | +15.3% | +62.5% |
Charter Hall Long Wale Reit | CLW | $4.16 | +10.1% | +15.6% |
COG Financial Services | COG | $1.440 | +3.6% | +23.6% |
Clearview Wealth | CVW | $0.510 | +13.3% | -12.1% |
Duxton Water | D2O | $1.560 | +9.1% | +11.0% |
Dateline Resources | DTR | $0.055 | +816.7% | +358.3% |
Elsight | ELS | $0.605 | +47.6% | +72.9% |
Electro Optic Systems | EOS | $1.610 | +35.3% | +11.0% |
Fineos Corporation | FCL | $2.49 | +28.4% | +47.3% |
Fleetwood | FWD | $2.85 | +12.6% | +105.8% |
Generation Development Group | GDG | $5.08 | +4.7% | +135.1% |
Gold Road Resources | GOR | $3.36 | +7.0% | +107.4% |
iShares S&P/ASX Small Ordinaries ETF | ISO | $4.90 | +7.5% | +3.6% |
JB HI-FI | JBH | $108.66 | +8.2% | +91.3% |
Karoon Energy | KAR | $1.625 | +16.5% | -14.2% |
Locksley Resources | LKY | $0.049 | +188.2% | +44.1% |
Lynas Rare Earths | LYC | $8.13 | -1.0% | +14.5% |
MA Financial Group | MAF | $7.04 | +10.0% | +53.0% |
Medallion Metals | MM8 | $0.270 | +8.0% | +409.4% |
Megaport | MP1 | $12.90 | +24.3% | -13.9% |
MTM Critical Metals | MTM | $0.345 | +50.0% | +484.7% |
Nick Scali | NCK | $18.97 | +11.9% | +33.5% |
Northern Star Resources | NST | $20.35 | -2.2% | +36.3% |
Objective Corporation | OCL | $18.54 | +25.4% | +49.8% |
OOH!Media | OML | $1.675 | +13.6% | +8.1% |
Predictive Discovery | PDI | $0.430 | +19.4% | +126.3% |
Perenti | PRN | $1.585 | +18.3% | +58.5% |
Spartan Resources | SPR | $2.19 | +10.6% | +217.4% |
Strickland Metals | STK | $0.120 | +22.4% | +21.2% |
Saturn Metals | STN | $0.310 | +3.3% | +26.5% |
Turaco Gold | TCG | $0.450 | +11.1% | +100.0% |
Telstra Group | TLS | $4.75 | +6.5% | +33.1% |
Technology One | TNE | $38.61 | +35.3% | +130.5% |
Temple & Webster Group | TPW | $20.38 | +18.0% | +94.8% |
West African Resources | WAF | $2.65 | +15.2% | +80.3% |
Wagners Holding Company | WGN | $2.10 | +21.0% | +147.1% |
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: Adriatic Metals (ASX: ADT), Global X Uranium ETF (ASX: ATOM), Codan (ASX: CDA), Elsight (ASX: ELS), Electro Optic Systems (ASX: EOS), Locksley Resources (ASX: LKY), Megaport (ASX: MP1), Northern Star Resources (ASX: NST), Objective Corporation (ASX: OCL), Perenti (ASX: PRN), Saturn Metals (ASX: STN), Telstra Group (ASX: TLS), Technology One (ASX: TNE), West African Resources (ASX: WAF).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Amcor | AMC | $14.05 | -5.6% | -7.0% |
Aurizon | AZJ | $2.92 | -6.4% | -21.5% |
Botanix Pharmaceuticals | BOT | $0.355 | -16.5% | +29.1% |
Champion Iron | CIA | $4.39 | +3.1% | -42.7% |
Collins Foods | CKF | $7.86 | -4.0% | -15.7% |
Coronado Global Resources | CRN | $0.110 | -53.2% | -90.2% |
Cettire | CTT | $0.440 | -11.1% | -82.3% |
Clarity Pharmaceuticals | CU6 | $2.20 | +5.8% | -46.2% |
Humm Group | HUM | $0.470 | 0% | +5.6% |
IDP Education | IEL | $8.33 | +1.3% | -51.7% |
IPD Group | IPG | $3.43 | -10.9% | -21.0% |
Nufarm | NUF | $2.47 | -35.8% | -52.0% |
Propel Funeral Partners | PFP | $4.62 | -11.0% | -16.6% |
Stanmore Resources | SMR | $1.920 | +4.3% | -41.3% |
Wildcat Resources | WC8 | $0.160 | -17.9% | -69.8% |
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: Amcor (ASX: AMC), Aurizon (ASX: AZJ), Botanix Pharmaceuticals (ASX: BOT), Collins Foods (ASX: CKF), Coronado Global Resources (ASX: CRN), Cettire (ASX: CTT), Humm Group (ASX: HUM), IDP Education (ASX: IEL), Nufarm (ASX: NUF).
Charts of each below:
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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