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: JB HI-FI, Global Data Centre, Medadvisor, Waratah Minerals, Develop Global, Pilbara Minerals, Sims
Technical Analysis
ChartWatch ASX Scans: JB HI-FI, Global Data Centre, Medadvisor, Waratah Minerals, Develop Global, Pilbara Minerals, Sims
Tue 23 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Dropsuite (DSE), JB HI-FI (JBH), Lycopodium (LYL), Medadvisor (MDR), Reliance Worldwide (RWC), SKS Technologies (SKS), Step One (STP), Vysarn (VYS), Wesfarmers (WES), Waratah Minerals (WTM), XRF Scientific (XRF)
- Interesting downtrends in today's Scans: Aurizon (AZJ), Develop Global (DVP), Deep Yellow (DYL), Iluka Resources (ILU), Lotus Resources (LOT), Pilbara Minerals (PLS), Sims (SGM)
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 % |
|---|---|---|---|---|
Austin Engineering | ANG | $0.630 | +8.6% | +121.1% |
Ansell | ANN | $26.64 | +0.4% | +11.6% |
ANZ Group | ANZ | $29.49 | +1.9% | +15.8% |
ARB Corporation | ARB | $40.13 | +5.5% | +32.3% |
Austal | ASB | $2.54 | +5.8% | -7.6% |
Abacus Storage King | ASK | $1.255 | +5.5% | 0% |
Accent Group | AX1 | $2.22 | +8.8% | +28.3% |
Bisalloy Steel Group | BIS | $4.89 | +22.6% | +157.1% |
Botanix Pharmaceuticals | BOT | $0.360 | 0% | +148.3% |
Commonwealth Bank | CBA | $131.68 | +3.1% | +25.8% |
Coles Group | COL | $17.86 | +4.4% | -1.3% |
Catalyst Metals | CYL | $1.780 | +65.6% | +131.2% |
Djerriwarrh Investments | DJW | $3.11 | +5.1% | +6.1% |
Dropsuite | DSE | $3.40 | +27.8% | +17.2% |
Data#3 | DTL | $8.53 | +2.5% | +13.7% |
Duratec | DUR | $1.260 | +13.5% | +0.4% |
Elders | ELD | $9.11 | +10.0% | +27.4% |
Flight Centre Travel Group | FLT | $23.00 | +16.2% | +10.5% |
Fisher & Paykel Healthcare | FPH | $28.68 | +2.1% | +26.6% |
Global Data Centre Group | GDC | $3.36 | +3.7% | +97.6% |
Genusplus Group | GNP | $2.17 | +16.7% | +88.7% |
HMC Capital | HMC | $7.66 | +3.2% | +51.4% |
Iress | IRE | $9.85 | +27.3% | -8.4% |
JB HI-FI | JBH | $65.89 | +2.6% | +44.2% |
Lovisa | LOV | $33.77 | +1.7% | +62.2% |
Lycopodium | LYL | $13.70 | +9.3% | +37.1% |
Medadvisor | MDR | $0.550 | +27.9% | +134.0% |
MFF Capital Investments | MFF | $3.79 | +5.6% | +36.8% |
Maas Group | MGH | $4.43 | +8.8% | +64.7% |
Mirrabooka Investments | MIR | $3.43 | +7.9% | +16.8% |
Macquarie Group | MQG | $209.10 | +5.1% | +13.7% |
Nick Scali | NCK | $14.33 | +2.1% | +44.3% |
Global X India Nifty 50 ETF | NDIA | $76.52 | +2.7% | +18.6% |
NRW | NWH | $3.30 | +5.1% | +29.4% |
OFX Group | OFX | $2.23 | +1.4% | +10.4% |
Reece | REH | $26.34 | +2.8% | +39.4% |
Reliance Worldwide | RWC | $4.92 | +7.4% | +25.8% |
Scentre Group | SCG | $3.26 | +2.2% | +18.5% |
SKS Technologies Group | SKS | $1.680 | +100.0% | +600.0% |
Supply Network | SNL | $22.85 | +1.1% | +54.4% |
SRG Global | SRG | $0.890 | +6.0% | +22.8% |
Step One Clothing | STP | $1.780 | +32.3% | +431.3% |
Super Retail Group | SUL | $14.72 | +6.0% | +22.7% |
Telix Pharmaceuticals | TLX | $19.63 | +6.5% | +65.9% |
Vysarn | VYS | $0.355 | +26.8% | +115.2% |
Westpac Banking Corporation | WBC | $28.07 | +3.0% | +27.9% |
Wesfarmers | WES | $70.87 | +6.0% | +43.9% |
Woolworths Group | WOW | $35.15 | +4.5% | -8.7% |
Waratah Minerals | WTM | $0.370 | +208.3% | +196.0% |
XRF Scientific | XRF | $1.535 | +12.9% | +28.5% |
Zip Co. | ZIP | $1.695 | +22.8% | +294.2% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Bisalloy Steel Group (ASX: BIS), Commonwealth Bank of Australia (ASX: CBA), Coles Group (ASX: COL), Dropsuite (ASX: DSE), Flight Centre Travel Group (ASX: FLT), Fisher & Paykel Healthcare Corporation (ASX: FPH), Global Data Centre Group (ASX: GDC), Genusplus Group (ASX: GNP), JB HI-FI (ASX: JBH), Lycopodium (ASX: LYL), Medadvisor (ASX: MDR), Macquarie Group (ASX: MQG), NRW (ASX: NWH), Reliance Worldwide Corporation (ASX: RWC), SKS Technologies Group (ASX: SKS), Supply Network (ASX: SNL), Step One Clothing (ASX: STP), Super Retail Group (ASX: SUL), Vysarn (ASX: VYS), Wesfarmers (ASX: WES), Woolworths Group (ASX: WOW), Waratah Minerals (ASX: WTM), XRF Scientific (ASX: XRF).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.795 | -8.1% | -29.3% |
Aussie Broadband | ABB | $2.97 | -14.9% | +8.0% |
Audinate Group | AD8 | $15.20 | -9.1% | +64.1% |
Adriatic Metals | ADT | $3.21 | -20.3% | -6.7% |
Aurizon | AZJ | $3.58 | -1.1% | -3.5% |
Beach Energy | BPT | $1.515 | +1.0% | +1.7% |
Brainchip | BRN | $0.200 | -9.1% | -49.4% |
Chalice Mining | CHN | $1.100 | -18.8% | -81.5% |
Champion Iron | CIA | $6.11 | -4.5% | +4.4% |
Cromwell Property Group | CMW | $0.400 | -3.6% | -29.2% |
Core Lithium | CXO | $0.100 | +20.5% | -89.2% |
Domino's Pizza Enterprises | DMP | $33.52 | -8.1% | -32.9% |
Develop Global | DVP | $1.950 | -13.3% | -43.5% |
Dexus | DXS | $6.75 | +3.1% | -17.2% |
Deep Yellow | DYL | $1.245 | -14.7% | +77.9% |
GDI Property Group | GDI | $0.570 | -5.0% | -13.0% |
Growthpoint Properties Aust | GOZ | $2.27 | -4.2% | -20.1% |
Grange Resources | GRR | $0.350 | 0% | -38.6% |
Hansen Technologies | HSN | $4.34 | -1.4% | -12.0% |
IGO | IGO | $5.73 | +2.7% | -60.8% |
Iluka Resources | ILU | $6.16 | -4.5% | -43.2% |
Ioneer | INR | $0.140 | -6.7% | -58.8% |
Lotus Resources | LOT | $0.295 | -16.9% | +47.5% |
Arcadium Lithium | LTM | $5.19 | +4.4% | 0% |
Liontown Resources | LTR | $0.960 | +2.7% | -66.8% |
Meteoric Resources | MEI | $0.130 | -18.8% | -44.7% |
Mineral Resources | MIN | $54.78 | -1.8% | -24.0% |
McMillan Shakespeare | MMS | $17.20 | -1.6% | -6.5% |
Nufarm | NUF | $4.53 | -3.0% | -17.0% |
Pilbara Minerals | PLS | $2.89 | -7.1% | -43.7% |
Patriot Battery Metals | PMT | $0.505 | -11.4% | -69.7% |
Renascor Resources | RNU | $0.090 | -4.3% | -55.0% |
Sims | SGM | $10.14 | -1.6% | -34.8% |
Spark New Zealand | SPK | $3.74 | -0.5% | -19.9% |
Sayona Mining | SYA | $0.033 | -5.7% | -81.7% |
Syrah Resources | SYR | $0.305 | -16.4% | -65.1% |
Tabcorp | TAH | $0.670 | -2.9% | -40.2% |
Talga Group | TLG | $0.450 | -31.8% | -67.6% |
Tyro Payments | TYR | $0.925 | -6.6% | -31.2% |
Vulcan Steel | VSL | $6.34 | -5.2% | -14.3% |
Today's Downtrends Scan List
Interesting 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), Develop Global (ASX: DVP), Deep Yellow (ASX: DYL), Iluka Resources (ASX: ILU), Lotus Resources (ASX: LOT), Pilbara Minerals (ASX: PLS), Sims (ASX: SGM).
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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