Evening Wrap: ASX 200 flat as big banks CBA, NAB and WBC thrive and big miners BHP, RIO, MIN and FMG dive
Thu 19 Jun 25, 5:42pm (AEST)
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Technical Analysis
/ChartWatch ASX Scans: Gold stocks still topping the list, watching AZY, CMM, DEG, EVN, GMD, GOR, NST & PRU
Technical Analysis
ChartWatch ASX Scans: Gold stocks still topping the list, watching AZY, CMM, DEG, EVN, GMD, GOR, NST & PRU
Wed 16 Apr 25, 9:15am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Almonty Industries (AII), Alkane Resources (ALK), AMA (AMA), Eagers Automotive (APE), Antipa Minerals (AZY), De Grey Mining (DEG), Genesis Minerals (GMD), Gold Road (GOR), Northern Star (NST), Turaco Gold (TCG).
- Interesting downtrends in today's Scans: Appen (APX), Coronado Resources (CRN), Flight Centre Travel Group (FLT), Helloworld (HLO), HMC (HMC), Humm (HUM), Lendlease (LLC), NRW (NWH), Skycity (SKC), Treasury Wine Estates (TWE), Tyro Payments (TYR).
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.
Gold stocks continue to feature heavily in the Uptrends Scan Lists – not a surprise given they've been some of the most consistent and best performing stocks during this correction and for the better part of the last 12 months.
Of course, the big question is: How much longer can this continue? 🔮
The first place to look would be the gold price – as it's fair to say gold stocks' prosperies are directly tied to the price of the commodity they produce!
Gold Futures (Front month, back-adjusted) COMEX
All clear here as far as I'm concerned – or as far as my trend following model is concerned. The gold chart is a picture of excess demand: Well-established short and long term uptrends, trend ribbons that are supporting the price action, rising peaks (not rising troughs – thanks President Trump!), and a predominance of demand-side candles.
Many of the Feature charts you'll see below share the same characteristics. Like gold, I won't know the top is in on them until after the fact – until the demand-supply dynamics shift to delver one-by-one the opposite of the demand-side traits I've listed above.
But I'll worry about that when it happens. Such is the philosophy of trend following! 🧘
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 % |
Almonty Industries | AII | $2.68 | +55.4% | +335.8% |
Alkane Resources | ALK | $0.735 | +16.7% | +10.5% |
AMA Group | AMA | $0.067 | +52.3% | +46.9% |
APA Group | APA | $8.05 | +2.7% | -3.6% |
Eagers Automotive | APE | $17.73 | +18.3% | +36.0% |
Austal | ASB | $4.85 | +26.6% | +103.8% |
Antipa Minerals | AZY | $0.535 | +15.1% | +345.8% |
Catapult Group International | CAT | $3.51 | -1.4% | +134.8% |
Capricorn Metals | CMM | $9.62 | +17.0% | +82.9% |
De Grey Mining | DEG | $2.58 | +22.9% | +96.1% |
Energy One | EOL | $11.19 | +9.4% | +177.7% |
Evolution Mining | EVN | $8.21 | +21.8% | +108.9% |
Fleetwood | FWD | $2.56 | +7.1% | +76.6% |
Genesis Minerals | GMD | $4.05 | +17.1% | +113.7% |
Gold Road Resources | GOR | $3.12 | +18.2% | +83.5% |
Northern Star Resources | NST | $21.77 | +22.4% | +42.9% |
Perseus Mining | PRU | $3.45 | +10.2% | +51.3% |
Select Harvests | SHV | $5.41 | +13.2% | +30.8% |
Solvar | SVR | $1.470 | +10.5% | +46.3% |
Turaco Gold | TCG | $0.450 | +32.4% | +150.0% |
Warriedar Resources | WA8 | $0.070 | +45.8% | +55.6% |
WIA Gold | WIA | $0.185 | +8.8% | +131.3% |
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: Almonty Industries (ASX: AII), Alkane Resources (ASX: ALK), AMA Group (ASX: AMA), Eagers Automotive (ASX: APE), Austal (ASX: ASB), Antipa Minerals (ASX: AZY), Capricorn Metals (ASX: CMM), De Grey Mining (ASX: DEG), Evolution Mining (ASX: EVN), Fleetwood (ASX: FWD), Genesis Minerals (ASX: GMD), Gold Road Resources (ASX: GOR), Northern Star Resources (ASX: NST), Select Harvests (ASX: SHV), Turaco Gold (ASX: TCG).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
29METALS | 29M | $0.115 | -30.3% | -74.9% |
Aura Energy | AEE | $0.110 | -4.3% | -37.1% |
Alligator Energy | AGE | $0.026 | -3.7% | -60.0% |
Air New Zealand | AIZ | $0.525 | -7.1% | -5.4% |
Ampol | ALD | $21.30 | -13.2% | -45.5% |
AMP | AMP | $1.100 | -12.0% | -3.9% |
Appen | APX | $0.840 | -30.3% | +4.3% |
Chrysos Corporation | C79 | $3.79 | -15.0% | -45.9% |
Coronado Global Resources | CRN | $0.235 | -53.9% | -80.3% |
DUG Technology | DUG | $0.920 | -17.1% | -67.1% |
Elders | ELD | $5.94 | -15.5% | -27.4% |
Flight Centre Travel Group | FLT | $12.39 | -12.1% | -41.6% |
Graincorp | GNC | $6.53 | -5.1% | -20.9% |
Helloworld Travel | HLO | $1.425 | -3.7% | -48.7% |
HMC Capital | HMC | $4.62 | -35.9% | -31.1% |
Humm Group | HUM | $0.485 | -8.5% | +2.1% |
IDP Education | IEL | $8.84 | -12.4% | -44.9% |
Liberty Financial Group | LFG | $3.16 | -13.7% | -18.6% |
Lendlease Group | LLC | $5.31 | -13.5% | -17.0% |
Light & Wonder | LNW | $126.42 | -22.5% | -12.9% |
NRW | NWH | $2.40 | -14.9% | -15.8% |
OFX Group | OFX | $1.030 | -8.9% | -30.6% |
Peninsula Energy | PEN | $0.645 | -0.8% | -69.9% |
Skycity Entertainment Group | SKC | $1.050 | -9.1% | -39.5% |
Spark New Zealand | SPK | $1.895 | +0.8% | -55.7% |
Super Retail Group | SUL | $12.72 | -2.3% | -13.0% |
Treasury Wine Estates | TWE | $8.30 | -18.2% | -32.2% |
Tyro Payments | TYR | $0.680 | -8.7% | -29.2% |
Viva Energy Group | VEA | $1.525 | -14.8% | -57.6% |
Woodside Energy Group | WDS | $19.77 | -13.3% | -34.8% |
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: Appen (ASX: APX), Coronado Global Resources (ASX: CRN), Flight Centre Travel Group (ASX: FLT), Helloworld Travel (ASX: HLO), HMC Capital (ASX: HMC), Humm Group (ASX: HUM), Lendlease Group (ASX: LLC), NRW (ASX: NWH), Skycity Entertainment Group (ASX: SKC), Treasury Wine Estates (ASX: TWE), Tyro Payments (ASX: TYR).
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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