ChartWatch ASX Scans: Investors scramble to scoop up Gold, Energy and Defence stocks as BHP, RIO downturn intensifies
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Interesting uptrends in today's Scans: Austal (ASB), Antipa Minerals (AZY), Bubs Australia (BUB), Global Defence ETF (DFND), Electro Optic Systems (EOS), Gold Miners ETF (GDX), Physical Gold ETF (GOLD), Helia (HLI), Karoon Energy (KAR), Newmont (NEM).
- Interesting downtrends in today's Scans: Accent Group (AX1), BHP (BHP), Botanix Pharmaceuticals (BOT), Cettire (CTT), Clinuvel Pharmaceuticals (CUV), Flight Centre Travel (FLT), Helloworld Travel (HLO), Kogan.Com (KGN), Rio Tinto (RIO), Weebit Nano (WBT).
There are several major themes in today's Uptrends and Downtrends Scan Lists:
Uptrends
Defence (figuratively and literally!), i.e., probably a dozen or more Gold and Silver stocks, a Gold miners ETF, and a physical Gold ETF, plus Defence (i.e., military applications) like ASB and EOS and a defence industry ETF (DFND).
Geopolitical instability winners (defence also fits into this category), i.e., energy* (KAR, ORG) and critical minerals^ (CHN, LYC, VMM)
Downtrends
Travel and consumer discretionary, higher crude oil prices *due to escalating tensions in the Middle East will likely flow through to higher petrol prices, and therefore lesser disposable income (AX1, CTT, HUM, KGN, MYR, PMV) as well as reduce the demand for travel (HLO, FLT).
Big mining, both BHP and RIO find themselves back in the Downtrends Scan List despite plenty of talk this week about thawing ^trade relations between China and the US (what does that tell you!)
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 % |
|---|---|---|---|---|
African Gold | A1G | $0.175 | +40.0% | +525.0% |
Astral Resources | AAR | $0.185 | +19.4% | +129.8% |
Austal | ASB | $6.36 | +23.0% | +162.8% |
Autosports Group | ASG | $2.22 | +2.3% | -1.3% |
Antipa Minerals | AZY | $0.815 | +69.8% | +526.9% |
Barton Gold | BGD | $0.880 | +31.3% | +198.3% |
Beacon Lighting Group | BLX | $3.75 | +14.7% | +55.6% |
Bubs Australia | BUB | $0.160 | +33.3% | +28.0% |
Codan | CDA | $19.38 | +15.2% | +77.8% |
Chalice Mining | CHN | $1.615 | +50.9% | +9.1% |
Capricorn Metals | CMM | $10.22 | +19.4% | +118.4% |
Coles Group | COL | $22.22 | +4.2% | +31.4% |
Catalyst Metals | CYL | $7.03 | +11.1% | +536.2% |
Vaneck Global Defence ETF | DFND | $35.36 | +10.9% | 0% |
Global X Defence Tech ETF | DTEC | $16.52 | +13.6% | 0% |
Develop Global | DVP | $4.70 | +28.4% | +116.6% |
Electro Optic Systems | EOS | $2.57 | +104.8% | +102.4% |
Vaneck Gold Miners ETF | GDX | $84.79 | +17.4% | +64.5% |
Global X Physical Gold ETF | GOLD | $48.70 | +6.1% | +51.6% |
Helia Group | HLI | $5.37 | +1.7% | +41.8% |
Karoon Energy | KAR | $1.985 | +18.2% | +17.5% |
Kingsgate Consolidated | KCN | $2.41 | +19.9% | +45.6% |
Lion Selection Group | LSX | $0.960 | +40.1% | +123.3% |
Lynas Rare Earths | LYC | $9.00 | +20.5% | +37.2% |
Monadelphous Group | MND | $17.60 | +3.6% | +34.1% |
BetaShares Global Gold Miners Hedged ETF | MNRS | $9.41 | +15.9% | +60.9% |
Mithril Resources | MTH | $0.540 | +50.0% | +134.8% |
Newmont Corporation | NEM | $88.07 | +13.2% | +43.2% |
Northern Star Resources | NST | $22.53 | +23.0% | +63.0% |
Origin Energy | ORG | $11.45 | +4.3% | +13.6% |
Ramelius Resources | RMS | $2.93 | +17.7% | +58.0% |
St Barbara | SBM | $0.380 | +38.2% | +61.7% |
Shape Australia Corporation | SHA | $3.61 | +11.8% | +62.6% |
Superloop | SLC | $2.90 | +16.9% | +107.1% |
Washington H Soul Pattinson & Company | SOL | $40.32 | +8.0% | +26.0% |
Spartan Resources | SPR | $2.27 | +16.4% | +206.8% |
SRG Global | SRG | $1.515 | +5.6% | +71.2% |
Viridis Mining and Minerals | VMM | $0.470 | +59.3% | -70.3% |
Ventia Services Group | VNT | $4.90 | +5.2% | +34.6% |
Warriedar Resources | WA8 | $0.125 | +13.6% | +155.1% |
Westgold Resources | WGX | $3.31 | +25.4% | +44.5% |
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: African Gold (ASX: A1G), Austal (ASX: ASB), Antipa Minerals (ASX: AZY), Barton Gold (ASX: BGD), Bubs Australia (ASX: BUB), Codan (ASX: CDA), Vaneck Global Defence ETF (ASX: DFND), Develop Global (ASX: DVP), Electro Optic Systems (ASX: EOS), Vaneck Gold Miners ETF (ASX: GDX), Global X Physical Gold ETF (ASX: GOLD), Helia Group (ASX: HLI), Karoon Energy (ASX: KAR), Lion Selection Group (ASX: LSX), Newmont Corporation (ASX: NEM), Northern Star Resources (ASX: NST), Westgold Resources (ASX: WGX).
10 Randomly chosen Feature Uptrend Charts below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Clinical Labs | ACL | $2.73 | -10.2% | +18.2% |
Ansell | ANN | $30.72 | -5.8% | +19.2% |
Amotiv | AOV | $7.67 | -6.8% | -26.7% |
Avita Medical | AVH | $1.795 | -18.8% | -34.7% |
Accent Group | AX1 | $1.360 | -30.6% | -30.1% |
BHP Group | BHP | $37.34 | -5.3% | -14.6% |
Botanix Pharmaceuticals | BOT | $0.300 | -25.0% | +7.1% |
Credit Corp Group | CCP | $12.94 | -7.9% | -9.6% |
Cosol | COS | $0.510 | -30.6% | -56.0% |
Coronado Global Resources | CRN | $0.145 | -25.6% | -88.2% |
CSL | CSL | $238.86 | -0.4% | -16.6% |
Cettire | CTT | $0.255 | -53.2% | -89.0% |
Clarity Pharmaceuticals | CU6 | $2.16 | -13.3% | -58.4% |
Clinuvel Pharmaceuticals | CUV | $9.83 | -9.0% | -33.3% |
EBR Systems | EBR | $1.100 | -6.8% | -0.1% |
Flight Centre Travel Group | FLT | $12.43 | -10.3% | -36.4% |
G8 Education | GEM | $1.175 | -9.3% | -0.4% |
Healthco Healthcare and Wellness Reit | HCW | $0.740 | -9.8% | -34.2% |
Helloworld Travel | HLO | $1.345 | -13.2% | -37.2% |
Healius | HLS | $0.820 | -23.7% | -16.1% |
Humm Group | HUM | $0.435 | -20.2% | +2.4% |
IPH | IPH | $4.69 | -4.1% | -28.3% |
Kogan.Com | KGN | $3.83 | -20.0% | -13.3% |
Lendlease Group | LLC | $5.59 | +2.0% | +0.5% |
Lotus Resources | LOT | $0.155 | -16.2% | -67.4% |
Lycopodium | LYL | $10.40 | -5.5% | -14.1% |
Myer | MYR | $0.650 | -15.0% | +4.3% |
Nuix | NXL | $2.23 | -7.5% | -23.1% |
Premier Investments | PMV | $19.50 | -9.8% | -11.6% |
Polynovo | PNV | $1.180 | -21.9% | -47.3% |
Rio Tinto | RIO | $106.38 | -11.7% | -13.4% |
Select Harvests | SHV | $4.49 | -9.8% | +32.2% |
Skycity Entertainment Group | SKC | $0.850 | -8.6% | -41.0% |
Sayona Mining | SYA | $0.015 | -6.3% | -62.5% |
Vulcan Steel | VSL | $6.07 | -18.6% | -14.4% |
Vulcan Energy Resources | VUL | $3.78 | -17.3% | -22.5% |
Weebit Nano | WBT | $1.665 | -10.5% | -27.6% |
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: Amotiv (ASX: AOV), Avita Medical (ASX: AVH), Accent Group (ASX: AX1), BHP Group (ASX: BHP), Botanix Pharmaceuticals (ASX: BOT), Cosol (ASX: COS), Coronado Global Resources (ASX: CRN), Cettire (ASX: CTT), Clinuvel Pharmaceuticals (ASX: CUV), EBR Systems (ASX: EBR), Flight Centre Travel Group (ASX: FLT), Healthco Healthcare and Wellness Reit (ASX: HCW), Helloworld Travel (ASX: HLO), Kogan.Com (ASX: KGN), Myer (ASX: MYR), Premier Investments (ASX: PMV), Polynovo (ASX: PNV), Rio Tinto (ASX: RIO), Vulcan Steel (ASX: VSL), Weebit Nano (ASX: WBT).
10 Randomly chosen Feature Downtrend Charts below:
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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.
