Evening Wrap: ASX 200 slumps on escalating Mid-East conflict, but golden lining for war winners energy and gold stocks
Fri 04 Oct 24, 5:21pm (AEDT)
Home
/
News
Technical Analysis
/ChartWatch ASX Scans: Life360, Auric Mining, Judo Capital, Xero, Bellevue Gold, Bannerman Energy, Corporate Travel
News
Technical Analysis
/ChartWatch ASX Scans: Life360, Auric Mining, Judo Capital, Xero, Bellevue Gold, Bannerman Energy, Corporate Travel
Technical Analysis
ChartWatch ASX Scans: Life360, Auric Mining, Judo Capital, Xero, Bellevue Gold, Bannerman Energy, Corporate Travel
Wed 21 Aug 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Life360 (360), Auric Mining (AWJ), Hub24 (HUB), Judo Capital (JDO), Killi Resources (KLI), Larvotto Resources (LRV), Macmahon (MAH), Nuix (NXL), Ora Banda (OBM), Service Stream (SSM), Universal Store (UNI), Xero (XRO)
- Interesting downtrends in today's Scans: Bellevue Gold (BGL), Bannerman Energy (BMN), Boss Energy (BOE), Corporate Travel (CTD), Clinuvel (CUV), Domain (DHG), Grange Resources (GRR), Lifestyle Communities (LIC), Stanmore Resources (SMR), Talga (TLG)
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 % |
|---|---|---|---|---|
Life360 | 360 | $18.42 | +14.7% | +114.9% |
Argo Global Listed Infrastructure | ALI | $2.27 | +5.6% | +5.6% |
AMP | AMP | $1.320 | +16.3% | +6.0% |
Ansell | ANN | $29.76 | +11.7% | +23.1% |
Auric Mining | AWJ | $0.280 | +24.4% | +443.7% |
Accent Group | AX1 | $2.25 | +1.4% | +17.5% |
Bendigo and Adelaide Bank | BEN | $12.50 | +4.5% | +33.3% |
Bank of Queensland | BOQ | $6.37 | +2.1% | +7.4% |
Car Group | CAR | $36.71 | +6.6% | +31.8% |
Challenger | CGF | $7.43 | +9.1% | +9.6% |
Emeco | EHL | $0.835 | +1.8% | +24.6% |
Evolution Mining | EVN | $4.27 | +6.2% | +21.0% |
Elixir Energy | EXR | $0.140 | +21.7% | +60.9% |
Firefly Metals | FFM | $0.895 | +11.9% | +70.5% |
BetaShares Global Cybersecurity ETF | HACK | $11.93 | +3.8% | +24.8% |
Hearts and Minds Investments | HM1 | $2.74 | +3.8% | +14.6% |
Hub24 | HUB | $51.53 | +11.1% | +87.1% |
Infomedia | IFM | $1.760 | +8.3% | +4.1% |
Judo Capital | JDO | $1.530 | +17.7% | +23.9% |
Killi Resources | KLI | $0.140 | +3.7% | +148.1% |
Larvotto Resources | LRV | $0.265 | +140.9% | +94.5% |
Macmahon | MAH | $0.315 | +21.2% | +110.0% |
Monash IVF Group | MVF | $1.420 | +10.5% | +19.8% |
Mystate | MYS | $4.20 | +7.7% | +19.0% |
Nuix | NXL | $4.77 | +51.9% | +230.1% |
Ora Banda Mining | OBM | $0.505 | +18.8% | +448.9% |
Predictive Discovery | PDI | $0.255 | +27.5% | +37.8% |
Service Stream | SSM | $1.390 | +4.9% | +58.9% |
Suncorp Group | SUN | $17.95 | +6.3% | +34.7% |
Southern Cross Electrical Engineering | SXE | $1.830 | +8.9% | +171.1% |
Technology One | TNE | $22.92 | +21.9% | +56.3% |
Universal Store | UNI | $6.42 | +11.3% | +78.3% |
Vicinity Centres | VCX | $2.20 | +12.0% | +17.0% |
Ventia Services Group | VNT | $4.47 | +7.5% | +59.6% |
XRF Scientific | XRF | $1.500 | -2.3% | +23.5% |
Xero | XRO | $144.31 | +8.1% | +26.6% |
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: Life360 (ASX: 360), Ansell (ASX: ANN), Auric Mining (ASX: AWJ), Bendigo and Adelaide Bank (ASX: BEN), Hub24 (ASX: HUB), Judo Capital (ASX: JDO), Killi Resources (ASX: KLI), Larvotto Resources (ASX: LRV), Macmahon (ASX: MAH), Mystate (ASX: MYS), Nuix (ASX: NXL), Ora Banda Mining (ASX: OBM), Service Stream (ASX: SSM), Suncorp Group (ASX: SUN), Universal Store (ASX: UNI), Xero (ASX: XRO).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Aussie Broadband | ABB | $3.05 | +2.7% | +3.7% |
Atlas Arteria | ALX | $5.08 | -1.2% | -16.3% |
Arafura Rare Earths | ARU | $0.155 | -16.2% | -38.0% |
Bellevue Gold | BGL | $1.330 | -26.7% | -15.8% |
Brickworks | BKW | $26.52 | -6.9% | +3.6% |
Bannerman Energy | BMN | $2.37 | -17.1% | +28.8% |
Boss Energy | BOE | $2.91 | -22.2% | -11.8% |
Brainchip | BRN | $0.175 | -16.7% | -53.3% |
Centuria Industrial Reit | CIP | $3.07 | -3.2% | +0.7% |
Collins Foods | CKF | $8.82 | -1.5% | -12.6% |
Centuria Capital Group | CNI | $1.575 | -6.0% | +3.6% |
Coronado Global Resources | CRN | $1.280 | -1.2% | -18.5% |
Corporate Travel Management | CTD | $12.51 | -4.7% | -34.5% |
Clinuvel Pharmaceuticals | CUV | $13.78 | -9.6% | -33.8% |
Calix | CXL | $0.865 | -14.8% | -81.6% |
Core Lithium | CXO | $0.095 | -5.0% | -76.8% |
Domain Australia | DHG | $2.78 | -16.0% | -26.1% |
Grange Resources | GRR | $0.285 | -18.6% | -44.1% |
Imugene | IMU | $0.052 | -7.1% | -44.7% |
Lifestyle Communities | LIC | $8.09 | -15.7% | -51.0% |
Lotus Resources | LOT | $0.235 | -24.2% | +9.3% |
Mirvac Group | MGR | $1.960 | -4.9% | -18.7% |
Mineral Resources | MIN | $43.74 | -20.2% | -30.2% |
Mayne Pharma Group | MYX | $3.81 | -18.6% | -19.3% |
Nanosonics | NAN | $2.79 | -10.0% | -39.2% |
Pilbara Minerals | PLS | $2.84 | -1.7% | -39.6% |
The Star Entertainment Group | SGR | $0.500 | 0% | -52.8% |
Smartgroup Corporation | SIQ | $8.28 | -2.2% | -6.0% |
Stanmore Resources | SMR | $3.18 | -15.7% | +17.3% |
Tabcorp | TAH | $0.570 | -14.9% | -46.2% |
Talga Group | TLG | $0.395 | -14.1% | -69.7% |
Vulcan Energy Resources | VUL | $3.80 | -7.3% | +14.8% |
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: Bellevue Gold (ASX: BGL), Bannerman Energy (ASX: BMN), Boss Energy (ASX: BOE), Corporate Travel Management (ASX: CTD), Clinuvel Pharmaceuticals (ASX: CUV), Domain Australia (ASX: DHG), Grange Resources (ASX: GRR), Lifestyle Communities (ASX: LIC), Mayne Pharma Group (ASX: MYX), Stanmore Resources (ASX: SMR), Talga Group (ASX: TLG).
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.
Get the latest news and insights direct to your inbox
Latest Articles
It’s time to sell ASX bank shares and buy resources says this major broker
Carl Capolingua · Fri 04 Oct 24, 1:22pm (AEDT)
Morgan Stanley: ASX 200 REITs to trend higher over the next 12 months
Kerry Sun · Fri 04 Oct 24, 12:28pm (AEDT)