Evening Wrap: ASX 200 up on solid gains in CBA, WES, and XRO - it's starting to feel a lot like a bull market again!
Thu 15 May 25, 5:37pm (AEST)
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Technical Analysis
/ChartWatch ASX Scans: Gold, rare earths stocks back in the spotlight, DTR, KCN, PNR, PRU, RRL, RSG, SPR, TTT, WTM
Technical Analysis
ChartWatch ASX Scans: Gold, rare earths stocks back in the spotlight, DTR, KCN, PNR, PRU, RRL, RSG, SPR, TTT, WTM
Wed 07 May 25, 9:15am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Charter Hall (CHC), Dateline Resources (DTR), Hub24 (HUB), Pantoro (PNR), Perseus Mining (PRU), Regis Resources (RRL), Resolute Mining (RSG), Spartan Resources (SPR), Titomic (TTT), Waratah Minerals (WTM).
- Interesting downtrends in today's Scans: Aurizon (AZJ), Corporate Travel Management (CTD), Domino's Pizza Enterprises (DMP), Paradigm Biopharmaceuticals. (PAR), Siteminder (SDR), Silex Systems (SLX).
Gold stocks are back in the Uptrends Scan List in a big way, not just in terms of numbers, but also in terms of market capitalisation. Roughly one in three in that list, ranging from small-cap Waratah Minerals (WTM), to as big as you can get, Newmont Corporation (NEM).
The two in three everything else deserves just as much as a mention, perhaps double, if we want to adhere to the math! There's a diverse range of sectors and setups here, but I note a growing influence of Real Estate (CHC, CQR, PPC, VCX) and Information Technology (FCL, HUB, PME, TNE).
Even after a couple of down days on the benchmark, the Downtrends Scan List shrunk today, demonstrating trends in the broader market are likely improving. Here I note stalwarts Domino's Pizza Enterprises (DMP) and Endeavour Group (EDV). Pizza and booze? What a great combination! 🍕 + 🍷 = ✅
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 % |
APA Group | APA | $8.36 | +5.2% | +1.1% |
Capral | CAA | $10.88 | +11.0% | +11.0% |
Charter Hall Group | CHC | $18.05 | +4.2% | +54.5% |
COG Financial Services | COG | $1.400 | +13.4% | +9.4% |
Charter Hall Social Infrastructure Reit | CQE | $3.02 | +8.6% | +21.3% |
Charter Hall Retail Reit | CQR | $3.85 | +7.2% | +16.3% |
Dateline Resources | DTR | $0.037 | +640.0% | +208.3% |
Develop Global | DVP | $3.37 | +26.2% | +37.6% |
Emerald Resources | EMR | $4.35 | +15.7% | +22.9% |
Fineos Corporation | FCL | $2.58 | +25.2% | +43.3% |
Fiducian Group | FID | $9.90 | +6.2% | +26.1% |
Hub24 | HUB | $78.29 | +14.9% | +99.1% |
Harvey Norman | HVN | $5.29 | +8.0% | +20.5% |
Iperionx | IPX | $3.49 | +26.9% | +63.1% |
Kingsgate Consolidated | KCN | $1.885 | +26.9% | +21.2% |
Medibank Private | MPL | $4.72 | +2.6% | +38.4% |
Newmont Corporation | NEM | $83.15 | +9.0% | +33.7% |
Omni Bridgeway | OBL | $1.615 | +6.6% | +40.4% |
Pro Medicus | PME | $241.02 | +21.2% | +115.0% |
Pantoro | PNR | $3.12 | +14.7% | +111.0% |
Peet | PPC | $1.650 | +14.2% | +38.1% |
Perseus Mining | PRU | $3.56 | +7.9% | +59.6% |
Ramelius Resources | RMS | $2.81 | +22.2% | +43.4% |
Regis Resources | RRL | $4.65 | +18.9% | +122.5% |
Resolute Mining | RSG | $0.560 | +23.1% | +33.3% |
Stealth Group | SGI | $0.830 | +9.9% | +213.2% |
Spartan Resources | SPR | $2.18 | +19.1% | +266.4% |
Technology One | TNE | $31.34 | +9.2% | +95.3% |
Titomic | TTT | $0.275 | +19.6% | +316.7% |
Vicinity Centres | VCX | $2.45 | +8.9% | +31.0% |
Ventia Services Group | VNT | $4.44 | +8.3% | +24.4% |
WAM Global | WGB | $2.49 | +5.1% | +15.8% |
Waratah Minerals | WTM | $0.300 | +87.5% | +130.8% |
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: Capral (ASX: CAA), Charter Hall Group (ASX: CHC), Dateline Resources (ASX: DTR), Hub24 (ASX: HUB), Kingsgate Consolidated (ASX: KCN), Pantoro (ASX: PNR), Perseus Mining (ASX: PRU), Regis Resources (ASX: RRL), Resolute Mining (ASX: RSG), Spartan Resources (ASX: SPR), Titomic (ASX: TTT), Vicinity Centres (ASX: VCX), Ventia Services Group (ASX: VNT), WAM Global (ASX: WGB), Waratah Minerals (ASX: WTM),
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
4DMEDICAL | 4DX | $0.285 | +1.8% | -52.1% |
Aurizon | AZJ | $3.00 | -4.5% | -20.4% |
Breville Group | BRG | $28.00 | -11.4% | +10.9% |
Corporate Travel Management | CTD | $11.41 | -20.0% | -23.6% |
Domino's Pizza Enterprises | DMP | $24.93 | -2.2% | -35.5% |
Endeavour Group | EDV | $3.98 | +3.1% | -22.4% |
Flight Centre Travel Group | FLT | $12.61 | -8.6% | -38.4% |
Galan Lithium | GLN | $0.100 | -9.1% | -73.4% |
Guzman y Gomez | GYG | $31.18 | -3.2% | 0% |
Horizon Oil | HZN | $0.180 | -18.2% | +2.9% |
Judo Capital | JDO | $1.440 | -20.7% | +4.3% |
Paradigm Biopharmaceuticals. | PAR | $0.285 | -13.6% | +5.6% |
Patriot Battery Metals | PMT | $0.250 | -5.7% | -66.9% |
Siteminder | SDR | $3.78 | -11.3% | -32.1% |
Silex Systems | SLX | $2.70 | -22.6% | -50.3% |
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: Aurizon (ASX: AZJ), Corporate Travel Management (ASX: CTD), Domino's Pizza Enterprises (ASX: DMP), Paradigm Biopharmaceuticals. (ASX: PAR), Siteminder (ASX: SDR), Silex Systems (ASX: SLX).
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-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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