Evening Wrap: ASX 200 closes stronger to cap winning week with a Gold, Gold, Gold performance!
Fri 13 Sep 24, 5:38pm (AEST)
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Technical Analysis
/ChartWatch ASX Scans: Graincorp, LTR Pharma, Rimfire Pacific, Westgold Resources, Yancoal, Aurizon, Beach Energy, Sims Group
Technical Analysis
ChartWatch ASX Scans: Graincorp, LTR Pharma, Rimfire Pacific, Westgold Resources, Yancoal, Aurizon, Beach Energy, Sims Group
Tue 13 Aug 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: AMP (AMP), Graincorp (GNC), LTR Pharma (LTP), Pinnacle Investment (PNI), Rimfire Pacific Mining (RIM), Supply Network (SNL), Spartan Resources (SPR), Technology One (TNE), Westgold Resources (WGX), Yancoal (YAL)
- Interesting downtrends in today's Scans: Aurizon (AZJ), Beach Energy (BPT), Calix (CXL), Kelsian Group (KLS), Mineral Resources (MIN), Monadelphous Group (MND), Sims (SGM), Strike Energy (STX), Tyro Payments (TYR), Weebit Nano (WBT)
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 % |
|---|---|---|---|---|
AMP | AMP | $1.325 | +17.8% | +20.5% |
AUB Group | AUB | $32.81 | +2.9% | +21.0% |
Breville Group | BRG | $28.63 | +5.3% | +20.9% |
Clarity Pharmaceuticals | CU6 | $6.16 | +0.5% | +594.3% |
Dalrymple Bay Infrastructure/Notes | DBI | $3.08 | +1.3% | +12.4% |
SPDR DJ Global Real Estate ESG Fund ETF | DJRE | $21.09 | +5.7% | +6.8% |
Duratec | DUR | $1.300 | +10.2% | +5.7% |
Global Data Centre Group | GDC | $3.39 | +5.9% | +106.1% |
Generation Development Group | GDG | $2.60 | +2.0% | +105.5% |
G8 Education | GEM | $1.355 | +5.4% | +24.9% |
Graincorp | GNC | $9.07 | +5.0% | +15.3% |
Genusplus Group | GNP | $2.33 | +8.9% | +95.0% |
Guzman y Gomez | GYG | $30.48 | +13.0% | 0% |
Indiana Resources | IDA | $0.092 | +15.0% | +114.7% |
LTR Pharma | LTP | $0.965 | +19.1% | 0% |
Magnetic Resources | MAU | $1.600 | +43.5% | +120.7% |
Nick Scali | NCK | $15.25 | +7.3% | +43.9% |
Orica | ORI | $18.15 | +1.1% | +14.7% |
Pinnacle Investment Management Group | PNI | $17.04 | +10.4% | +73.5% |
Resolution Cap Global Property Sec ETF | RCAP | $1.655 | +2.2% | +8.2% |
Rimfire Pacific Mining | RIM | $0.058 | +107.1% | +866.7% |
Scentre Group | SCG | $3.40 | +4.0% | +24.5% |
Supply Network | SNL | $26.11 | +24.5% | +77.7% |
Spartan Resources | SPR | $1.245 | +18.6% | +391.4% |
Super Retail Group | SUL | $15.68 | +10.2% | +29.6% |
Summit Minerals | SUM | $0.235 | -14.5% | +46.9% |
Solvar | SVR | $1.180 | +12.4% | +6.3% |
Technology One | TNE | $21.64 | +15.4% | +40.2% |
Titomic | TTT | $0.190 | +58.3% | +1017.6% |
Universal Store | UNI | $6.01 | +18.3% | +70.7% |
Wesfarmers | WES | $72.10 | +5.1% | +44.6% |
Westgold Resources | WGX | $2.98 | +12.5% | +99.3% |
Yancoal Australia | YAL | $7.15 | -1.5% | +44.2% |
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: AMP (ASX: AMP), Graincorp (ASX: GNC), LTR Pharma (ASX: LTP), Pinnacle Investment Management Group (ASX: PNI), Rimfire Pacific Mining (ASX: RIM), Supply Network (ASX: SNL), Spartan Resources (ASX: SPR), Technology One (ASX: TNE), Westgold Resources (ASX: WGX), Yancoal Australia (ASX: YAL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Australian Ethical Investment | AEF | $3.86 | -6.1% | -4.7% |
Auckland International Airport | AIA | $6.77 | -4.8% | -12.4% |
Ampol | ALD | $32.29 | -4.1% | +1.8% |
APA Group | APA | $7.89 | -0.9% | -18.2% |
Arafura Rare Earths | ARU | $0.160 | -17.9% | -41.8% |
Aurizon | AZJ | $3.30 | -8.3% | -11.3% |
Beach Energy | BPT | $1.245 | -18.9% | -25.0% |
Chalice Mining | CHN | $0.995 | -24.0% | -82.8% |
Champion Iron | CIA | $5.99 | -7.7% | +6.8% |
Centuria Industrial Reit | CIP | $3.10 | -1.9% | -0.6% |
Calix | CXL | $0.840 | -20.8% | -80.9% |
Core Lithium | CXO | $0.092 | -16.4% | -84.3% |
Deterra Royalties | DRR | $3.82 | -5.9% | -15.1% |
Develop Global | DVP | $1.985 | -6.4% | -33.4% |
Fortescue | FMG | $18.24 | -17.5% | -13.9% |
Iluka Resources | ILU | $5.62 | -16.1% | -43.7% |
Johns Lyng Group | JLG | $5.43 | -8.7% | +1.1% |
Kelsian Group | KLS | $4.90 | -6.5% | -27.2% |
Latin Resources | LRS | $0.125 | -26.5% | -70.2% |
Arcadium Lithium | LTM | $4.25 | -18.7% | 0% |
Liontown Resources | LTR | $0.860 | -14.0% | -68.6% |
Lynas Rare Earths | LYC | $6.09 | -4.8% | -12.1% |
Meteoric Resources | MEI | $0.100 | -28.6% | -55.6% |
Mineral Resources | MIN | $49.74 | -14.1% | -28.4% |
Monadelphous Group | MND | $11.52 | -9.9% | -15.8% |
Nanosonics | NAN | $2.98 | -5.4% | -38.4% |
Nufarm | NUF | $4.41 | -4.3% | -16.0% |
Novonix | NVX | $0.610 | -13.5% | -33.7% |
Orora | ORA | $1.905 | -4.0% | -43.2% |
Pilbara Minerals | PLS | $2.98 | -2.6% | -43.7% |
Red 5 | RED | $0.345 | -18.8% | +86.5% |
Ramsay Health Care | RHC | $44.86 | -5.5% | -21.5% |
Rio Tinto | RIO | $114.88 | -4.1% | +1.8% |
Sims | SGM | $9.69 | -9.1% | -34.5% |
Strike Energy | STX | $0.170 | -20.9% | -60.9% |
Sayona Mining | SYA | $0.027 | -20.6% | -79.2% |
TPG Telecom | TPG | $4.44 | -7.1% | -20.0% |
Tyro Payments | TYR | $0.860 | -10.9% | -32.3% |
Weebit Nano | WBT | $2.02 | -19.5% | -63.0% |
Wildcat Resources | WC8 | $0.245 | -16.9% | +32.4% |
Woodside Energy Group | WDS | $25.42 | -12.2% | -33.6% |
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), Beach Energy (ASX: BPT), Calix (ASX: CXL), Kelsian Group (ASX: KLS), Mineral Resources (ASX: MIN), Monadelphous Group (ASX: MND), Sims (ASX: SGM), Strike Energy (ASX: STX), Tyro Payments (ASX: TYR), Weebit Nano (ASX: WBT).
Charts of each below:
ChartWatch ASX Scans Criteria
Criteria for Uptrends List
Short term uptrend (ST trend ribbon is light green)
Long term uptrend or long term trend is transitioning from down to up (LT trend ribbon is dark green, or LT trend ribbon is amber and contracting)
Demand-side price action (rising peaks and rising troughs is preferred, but based upon weight of evidence of other criteria rising peaks only or rising troughs only may be permitted)
Predominance of demand-side candles (i.e., white bodies and or downward pointing shadows)
The last candle in particular is a strong demand-side candle
Criteria for Downtrends List
Short term downtrend (ST trend ribbon is light pink)
Long term downtrend or long term trend is transitioning from up to down (LT trend ribbon is dark pink, or LT trend ribbon is amber and contracting)
Supply-side price action (falling peaks and falling troughs is preferred, but based upon weight of evidence of other criteria falling peaks only or falling troughs only may be permitted)
Predominance of supply-side candles (i.e., black bodies and or upward pointing shadows)
The last candle in particular is a strong supply-side candle
Important considerations when using the ChartWatch ASX Scan Lists:
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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