TECHNICAL ANALYSIS

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

Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.

Lead Writer and Presenter
23 May 2025
This article is more than 12 months old and may be outdated
4 min read
ChartWatch ASX Scans: "Gold gold" EMR GMD NST RRL RMS SPR, and "Digital gold" VBTC

Source: Shutterstock

Mentioned

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 2025 Emerald Resources (ASX-EMR) daily chart 22 May 2025 Energy One (ASX-EOL) daily chart 22 May 2025 Genesis Minerals (ASX-GMD) daily chart 22 May 2025 Lynas Rare Earths (ASX-LYC) daily chart 22 May 2025 Northern Star Resources (ASX-NST) daily chart 22 May 2025 QBE Insurance Group (ASX-QBE) daily chart 22 May 2025 Regis Resources (ASX-RRL) daily chart 22 May 2025 Resolute Mining (ASX-RSG) daily chart 22 May 2025 Spartan Resources (ASX-SPR) daily chart 22 May 2025 SRG Global (ASX-SRG) daily chart 22 May 2025 Strickland Metals (ASX-STK) daily chart 22 May 2025 Toubani Resources (ASX-TRE) daily chart 22 May 2025 Vaneck Bitcoin ETF (ASX-VBTC) daily chart 22 May 2025 West African Resources (ASX-WAF) daily chart 22 May 2025 WIA 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 2025 Austin Engineering (ASX-ANG) daily chart 22 May 2025 Avita Medical (ASX-AVH) daily chart 22 May 2025 Cettire (ASX-CTT) daily chart 22 May 2025 Humm Group (ASX-HUM) daily chart 22 May 2025 IPD Group (ASX-IPG) daily chart 22 May 2025 OFX Group (ASX-OFX) daily chart 22 May 2025 Paladin Energy (ASX-PDN) daily chart 22 May 2025 Propel Funeral Partners (ASX-PFP) daily chart 22 May 2025 Skycity 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.

ABOUT THE AUTHOR

Lead Writer and Presenter

Carl brings more than 30 years of investing experience and a track record of helping thousands of investors navigate every kind of market. A highly regarded commentator on global macro trends and their impact on Australian and US equities, he is also one of Australia's most recognised educators in technical analysis — having taught his distinctive price-action trend following methodology to two generations of investors.

05/06/2026