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Technical Analysis
/ChartWatch ASX Scans: Global X Uranium ETF, CommBank, Computershare, National Australia Bank, Superloop, Audinate, Pilbara Minerals
Technical Analysis
ChartWatch ASX Scans: Global X Uranium ETF, CommBank, Computershare, National Australia Bank, Superloop, Audinate, Pilbara Minerals
Mon 25 Nov 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Uranium ETF (ATOM), Betmakers (BET), Canyon Resources (CAY), CommBank (CBA), Computershare (CPU), Global Cybersecurity ETF (HACK), Metro Mining (MMI), Superloop (SLC), Technology One (TNE), Vulcan Energy (VUL).
- Interesting downtrends in today's Scans: Audinate (AD8), Graincorp (GNC), IDP Education (IEL), Iluka Resources (ILU), Liontown Resources (LTR), Mineral Resources (MIN), Nextdc (NXT), Pilbara Minerals (PLS), Polynovo (PNV).
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 % |
Aspen Group | APZ | $2.63 | +23.5% | +52.9% |
BetaShares Au Quality ETF | AQLT | $31.86 | +4.6% | +29.5% |
ASX | ASX | $67.96 | +1.9% | +19.0% |
Global X Uranium ETF | ATOM | $17.37 | +6.8% | +17.4% |
Black Cat Syndicate | BC8 | $0.630 | -3.1% | +129.1% |
Bendigo and Adelaide Bank | BEN | $13.60 | +10.6% | +55.4% |
Betmakers Technology Group | BET | $0.120 | +34.8% | +37.9% |
Bank of Queensland | BOQ | $6.90 | +0.1% | +25.5% |
Canyon Resources | CAY | $0.195 | +18.2% | +186.8% |
Commonwealth Bank | CBA | $159.03 | +10.9% | +53.4% |
Computershare | CPU | $31.70 | +19.7% | +38.2% |
Global X Physical Gold ETF | GOLD | $38.12 | +1.0% | +36.2% |
BetaShares Global Cybersecurity ETF | HACK | $13.29 | +7.2% | +32.1% |
Hub24 | HUB | $74.87 | +11.8% | +125.2% |
iShares S&P MID-Cap ETF | IJH | $50.60 | +7.8% | +30.6% |
iShares S&P Small-Cap ETF | IJR | $189.95 | +9.7% | +28.9% |
Incitec Pivot | IPL | $3.20 | +3.2% | +23.6% |
Munro Global Growth Fund ETF | MAET | $6.69 | +4.4% | +34.9% |
Munro Climate Change Leaders ETF | MCCL | $17.56 | +5.9% | +80.8% |
Metro Mining | MMI | $0.057 | +9.6% | +185.0% |
Macquarie Core Au Equity ETF | MQAE | $11.29 | +2.6% | 0% |
Vaneck Australian Banks ETF | MVB | $41.47 | +5.5% | +42.4% |
Mystate | MYS | $4.07 | +4.4% | +37.0% |
National Australia Bank | NAB | $40.07 | +3.0% | +43.4% |
Northern Star Resources | NST | $17.90 | +2.8% | +50.9% |
Origin Energy | ORG | $11.00 | +13.4% | +32.9% |
Pro Medicus | PME | $221.75 | +19.1% | +149.0% |
Pinnacle Investment | PNI | $23.30 | +23.2% | +154.1% |
QBE Insurance Group | QBE | $19.78 | +15.1% | +32.9% |
BetaShares Australian Financials ETF | QFN | $17.16 | +7.0% | +45.9% |
Ridley Corporation | RIC | $2.76 | +6.6% | +17.9% |
Shape Australia Corporation | SHA | $2.89 | +7.0% | +77.3% |
Superloop | SLC | $2.14 | +7.5% | +231.8% |
Sovereign Metals | SVM | $0.815 | +24.4% | +91.8% |
SPDR MSCI Au High Dividend ETF | SYI | $30.08 | +3.2% | +13.0% |
Technology One | TNE | $30.49 | +26.8% | +90.1% |
Titomic | TTT | $0.245 | +60.7% | +1533.3% |
Vanguard Global Infrastructure ETF | VBLD | $72.78 | +2.8% | +21.3% |
Vaneck Bitcoin ETF | VBTC | $31.08 | +50.7% | 0% |
Vanguard MSCI Au Large Co's ETF | VLC | $85.78 | +2.2% | +18.7% |
Vulcan Energy Resources | VUL | $7.01 | +50.8% | +173.8% |
Westpac Banking Corp | WBC | $33.83 | +5.4% | +59.8% |
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: Aspen Group (ASX: APZ), Global X Uranium ETF (ASX: ATOM), Bendigo and Adelaide Bank (ASX: BEN), Betmakers Technology Group (ASX: BET), Canyon Resources (ASX: CAY), Commonwealth Bank of Australia (ASX: CBA), Computershare (ASX: CPU), BetaShares Global Cybersecurity ETF (ASX: HACK), Hub24 (ASX: HUB), Metro Mining (ASX: MMI), Vaneck Australian Banks ETF (ASX: MVB), National Australia Bank (ASX: NAB), Pinnacle Investment Management Group (ASX: PNI), BetaShares Australian Financials Sector ETF (ASX: QFN), Superloop (ASX: SLC), Technology One (ASX: TNE), Vanguard Global Infrastructure Index ETF (ASX: VBLD), Vulcan Energy Resources (ASX: VUL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $8.47 | -1.7% | -42.5% |
Australian Finance Group | AFG | $1.510 | -8.5% | +3.4% |
Atlas Arteria | ALX | $4.76 | -4.6% | -18.8% |
Arafura Rare Earths | ARU | $0.125 | -21.9% | -34.2% |
Challenger | CGF | $6.09 | +1.5% | +4.6% |
Chalice Mining | CHN | $1.355 | -30.0% | -13.4% |
Cettire | CTT | $1.180 | -43.3% | -64.8% |
Clinuvel Pharmaceuticals | CUV | $13.04 | -7.9% | -21.5% |
Deterra Royalties | DRR | $3.64 | -2.9% | -29.0% |
Elders | ELD | $7.59 | -11.9% | +4.9% |
Graincorp | GNC | $7.93 | -13.3% | +6.7% |
IDP Education | IEL | $12.33 | -8.7% | -47.3% |
IGO | IGO | $4.95 | -3.5% | -46.1% |
Iluka Resources | ILU | $5.37 | -7.7% | -26.4% |
IPH | IPH | $5.08 | -6.4% | -26.1% |
Kogan.Com | KGN | $4.75 | +3.3% | +2.8% |
Latin Resources | LRS | $0.175 | -5.4% | -16.7% |
Liontown Resources | LTR | $0.770 | -7.8% | -49.3% |
Meteoric Resources | MEI | $0.098 | +1.0% | -58.3% |
Mineral Resources | MIN | $33.68 | -6.2% | -48.8% |
Nextdc | NXT | $15.77 | -2.7% | +23.2% |
Pilbara Minerals | PLS | $2.61 | -0.8% | -29.1% |
Polynovo | PNV | $1.980 | -6.6% | +37.5% |
The Star Entertainment Group | SGR | $0.205 | -22.6% | -66.4% |
Syrah Resources | SYR | $0.225 | -8.2% | -68.8% |
Wildcat Resources | WC8 | $0.255 | -21.5% | -71.5% |
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: Audinate Group (ASX: AD8), Graincorp (ASX: GNC), IDP Education (ASX: IEL), Iluka Resources (ASX: ILU), Liontown Resources (ASX: LTR), Mineral Resources (ASX: MIN), Nextdc (ASX: NXT), Pilbara Minerals (ASX: PLS), Polynovo (ASX: PNV).
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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