Technical Analysis

ChartWatch ASX Scans: "Gold gold" EMR GMD NST RRL RMS SPR, and "Digital gold" VBTC

Fri 23 May 25, 9:15am (AEST)
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Key Points

  • Interesting uptrends in today's Scans: Develop Global (DVP), Emerald Resources (EMR), Energy One (EOL), Genesis Minerals (GMD), Lynas Rare Earths (LYC), Northern Star Resources (NST), Regis Resources (RRL), Resolute Mining (RSG), Spartan Resources (SPR).
  • Interesting downtrends in today's Scans: Austin Engineering (ANG), Avita Medical (AVH), Aurizon (AZJ), Cettire (CTT), Humm Group (HUM), IPD Group (IPG), OFX (OFX), Paladin Energy (PDN), Propel Funeral Partners (PFP), Skycity Entertainment (SKC).

Gold stocks just keep coming. This is an enduring bull market of note on ASX gold stocks, even after the gold price itself has taken some serious damage to its technicals (check ChartWatch in the Evening Wrap for regular gold technical analysis updates).

There are too many gold stocks in today's Uptrends Scan Lists to mention individually, but I note another so-called gold item in today's list...that of "Digital gold" in the form of the Vaneck Bitcoin ETF (VBTC).

We're also spoilt for choice with respect to downtrends, albeit within a concise list of regular and Feature Downtrend options. Paladin Energy (PDN) rejoins after a several-week absence, along with Stanmore Resources (SMR), and Humm Group (HUM). It seems these leopards were unable to change their spots...


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 %

Adairs

ADH

$2.68

+27.0%

+44.1%

AMA Group

AMA

$0.088

+35.4%

+113.9%

Ausgold

AUC

$0.630

+12.5%

+133.3%

Capral

CAA

$11.47

+26.5%

+18.9%

Catapult Group International

CAT

$5.30

+41.7%

+261.8%

Codan

CDA

$17.31

+18.2%

+61.8%

COG Financial Services

COG

$1.450

+12.4%

+24.5%

Cedar Woods Properties

CWP

$6.56

+26.9%

+42.6%

Dateline Resources

DTR

$0.050

+614.3%

+316.7%

Develop Global

DVP

$3.79

+43.0%

+61.3%

EDU

EDU

$0.185

+27.6%

+37.0%

Elsight

ELS

$0.570

+39.0%

+60.6%

Emerald Resources

EMR

$4.63

+4.3%

+22.8%

Energy One

EOL

$14.01

+18.8%

+229.7%

Evolution Mining

EVN

$8.86

-0.1%

+118.2%

Fisher & Paykel Healthcare Corporation

FPH

$34.01

+11.2%

+29.0%

Genesis Minerals

GMD

$4.39

-0.9%

+129.2%

Genusplus Group

GNP

$3.29

+29.0%

+80.8%

Gold Road Resources

GOR

$3.35

0%

+100.6%

iShares S&P/ASX Small Ordinaries ETF

ISO

$4.88

+7.3%

+3.8%

Lynas Rare Earths

LYC

$8.13

-8.4%

+14.8%

MFF Capital Investments

MFF

$4.33

+7.7%

+24.4%

Metcash

MTS

$3.41

+7.2%

-11.9%

Northern Star Resources

NST

$20.25

-12.0%

+34.0%

Perseus Mining

PRU

$3.75

+4.5%

+51.8%

QBE Insurance Group

QBE

$23.11

+9.0%

+30.7%

Ramelius Resources

RMS

$2.81

-4.4%

+33.8%

Regis Resources

RRL

$5.00

+2.0%

+132.6%

Resolute Mining

RSG

$0.630

+24.8%

+34.0%

Sandfire Resources

SFR

$11.01

+16.5%

+9.8%

Shape Australia Corporation

SHA

$3.29

+11.9%

+57.4%

Spartan Resources

SPR

$2.19

-3.5%

+215.1%

SRG Global

SRG

$1.475

+18.0%

+70.5%

Strickland Metals

STK

$0.120

+20.0%

+23.7%

Southern Cross Electrical Engineering

SXE

$1.900

+8.0%

+25.0%

Trigg Minerals

TMG

$0.054

+28.6%

+671.4%

Temple & Webster Group

TPW

$20.04

+19.0%

+94.6%

Toubani Resources

TRE

$0.315

+8.6%

+152.0%

Titomic

TTT

$0.310

+34.8%

+240.7%

Vaneck Bitcoin ETF

VBTC

$35.01

+25.5%

0%

Ventia Services Group

VNT

$4.76

+15.5%

+34.8%

West African Resources

WAF

$2.62

+1.6%

+75.8%

Wagners Holding Company

WGN

$2.07

+23.2%

+143.5%

WIA Gold

WIA

$0.220

+15.8%

+91.3%

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: Develop Global (ASX: DVP), Emerald Resources (ASX: EMR), Energy One (ASX: EOL), Genesis Minerals (ASX: GMD), Lynas Rare Earths (ASX: LYC), Northern Star Resources (ASX: NST), QBE Insurance Group (ASX: QBE), Regis Resources (ASX: RRL), Resolute Mining (ASX: RSG), Spartan Resources (ASX: SPR), SRG Global (ASX: SRG), Strickland Metals (ASX: STK), Toubani Resources (ASX: TRE), Vaneck Bitcoin ETF (ASX: VBTC), West African Resources (ASX: WAF), WIA Gold (ASX: WIA).

Charts of each below:

Develop Global (ASX-DVP) daily chart 22 May 2025Emerald Resources (ASX-EMR) daily chart 22 May 2025Energy One (ASX-EOL) daily chart 22 May 2025Genesis Minerals (ASX-GMD) daily chart 22 May 2025Lynas Rare Earths (ASX-LYC) daily chart 22 May 2025Northern Star Resources (ASX-NST) daily chart 22 May 2025QBE Insurance Group (ASX-QBE) daily chart 22 May 2025Regis Resources (ASX-RRL) daily chart 22 May 2025Resolute Mining (ASX-RSG) daily chart 22 May 2025Spartan Resources (ASX-SPR) daily chart 22 May 2025SRG Global (ASX-SRG) daily chart 22 May 2025Strickland Metals (ASX-STK) daily chart 22 May 2025Toubani Resources (ASX-TRE) daily chart 22 May 2025Vaneck Bitcoin ETF (ASX-VBTC) daily chart 22 May 2025West African Resources (ASX-WAF) daily chart 22 May 2025WIA Gold (ASX-WIA) daily chart 22 May 2025

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Australian Clinical Labs

ACL

$2.97

+1.4%

+28.0%

Aristocrat Leisure

ALL

$60.57

-1.5%

+29.1%

Austin Engineering

ANG

$0.345

-17.9%

-36.7%

Avita Medical

AVH

$2.05

-29.3%

-17.7%

Aurizon

AZJ

$2.93

-4.6%

-21.7%

Champion Iron

CIA

$4.43

+8.6%

-41.3%

Cettire

CTT

$0.470

-28.2%

-81.9%

Humm Group

HUM

$0.475

0%

+10.5%

IPD Group

IPG

$3.43

-6.0%

-20.8%

Novonix

NVX

$0.440

+11.4%

-48.2%

OFX Group

OFX

$0.725

-29.6%

-57.2%

Paladin Energy

PDN

$5.41

+35.9%

-66.7%

Propel Funeral Partners

PFP

$4.66

-9.2%

-16.0%

Skycity Entertainment Group

SKC

$0.900

-13.9%

-42.3%

Stanmore Resources

SMR

$1.920

+8.2%

-41.3%

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: Austin Engineering (ASX: ANG), Avita Medical (ASX: AVH), Aurizon (ASX: AZJ), Cettire (ASX: CTT), Humm Group (ASX: HUM), IPD Group (ASX: IPG), OFX Group (ASX: OFX), Paladin Energy (ASX: PDN), Propel Funeral Partners (ASX: PFP), Skycity Entertainment Group (ASX: SKC).

Charts of each below:

Aurizon (ASX-AZJ) daily chart 22 May 2025Austin Engineering (ASX-ANG) daily chart 22 May 2025Avita Medical (ASX-AVH) daily chart 22 May 2025Cettire (ASX-CTT) daily chart 22 May 2025Humm Group (ASX-HUM) daily chart 22 May 2025IPD Group (ASX-IPG) daily chart 22 May 2025OFX Group (ASX-OFX) daily chart 22 May 2025Paladin Energy (ASX-PDN) daily chart 22 May 2025Propel Funeral Partners (ASX-PFP) daily chart 22 May 2025Skycity Entertainment Group (ASX-SKC) daily chart 22 May 2025
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.

 

Written By

Carl Capolingua

Senior Editor

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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