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Technical Analysis
/ChartWatch ASX Scans: Life360, Aurora Labs, Biome Australia, EZZ Life Science, Genesis Minerals, Hyterra, Medadvisor
Technical Analysis
ChartWatch ASX Scans: Life360, Aurora Labs, Biome Australia, EZZ Life Science, Genesis Minerals, Hyterra, Medadvisor
Mon 15 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Life360 (360), Aurora Labs (A3D), Biome Australia (BIO), Botanix (BOT), Clarity Pharma (CU6), Droneshield (DRO), EZZ Life Science (EZZ), Genesis Minerals (GMD), Hyterra (HYT), Medadvisor (MDR), Spartan Resources (SPR)
- Interesting downtrends in today's Scans: Alpha HPA (A4N), Audinate (AD8), Aurizon (AZJ), Chalice Mining (CHN), EVT (EVT), IDP Education (IEL), MA Financial (MAF), McMillan Shakespeare (MMS)
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 | $16.92 | +18.4% | +132.7% |
Aurora Labs | A3D | $0.100 | +19.0% | +300.0% |
Australian Gold and Copper | AGC | $0.350 | -9.1% | +548.1% |
Aristocrat Leisure | ALL | $52.92 | +13.3% | +42.4% |
Aurelia Metals | AMI | $0.220 | +33.3% | +134.0% |
ARB Corporation | ARB | $39.48 | +2.0% | +37.2% |
Austal | ASB | $2.55 | +7.1% | -5.2% |
Black Cat Syndicate | BC8 | $0.370 | +39.6% | -2.6% |
Biome Australia | BIO | $0.725 | +101.4% | +879.7% |
Bisalloy Steel Group | BIS | $4.65 | +16.0% | +157.5% |
Botanix Pharmaceuticals | BOT | $0.380 | +38.2% | +192.3% |
Commonwealth Bank | CBA | $131.66 | +4.9% | +32.2% |
Capricorn Metals | CMM | $5.35 | +18.9% | +21.9% |
Clearvue Technologies | CPV | $0.570 | +15.2% | +165.1% |
CSL | CSL | $306.60 | +6.5% | +15.7% |
Clarity Pharmaceuticals | CU6 | $6.13 | +14.4% | +731.0% |
Catalyst Metals | CYL | $1.625 | +66.7% | +112.4% |
Droneshield | DRO | $2.34 | +61.4% | +817.6% |
Deep Yellow | DYL | $1.510 | +4.9% | +117.3% |
Emeco | EHL | $0.810 | +14.1% | +17.4% |
Elders | ELD | $8.86 | +10.1% | +26.9% |
EZZ Life Science | EZZ | $2.04 | +70.0% | +284.9% |
Fenix Resources | FEX | $0.395 | +21.5% | +43.6% |
Firefly Metals | FFM | $0.830 | +19.4% | +97.6% |
Future Generation Australia | FGX | $1.225 | +5.2% | +13.4% |
Flight Centre Travel Group | FLT | $21.95 | +13.9% | +13.8% |
Global Data Centre Group | GDC | $3.20 | +6.0% | +91.6% |
Generation Development Group | GDG | $2.55 | +15.4% | +95.5% |
Genesis Minerals | GMD | $2.07 | +16.3% | +71.1% |
Genusplus Group | GNP | $2.14 | +14.4% | +94.5% |
GQG Partners | GQG | $2.90 | +7.0% | +90.2% |
GWA Group | GWA | $2.48 | +9.7% | +37.8% |
Hyterra | HYT | $0.050 | +66.7% | +197.7% |
Ingenia Communities Group | INA | $5.07 | +4.8% | +34.5% |
IPD Group | IPG | $4.88 | +14.6% | +15.6% |
JB HI-FI | JBH | $66.11 | +5.5% | +50.4% |
Lovisa | LOV | $33.42 | +7.3% | +70.3% |
Medadvisor | MDR | $0.550 | +22.2% | +124.5% |
Mitre Mining Corporation | MMC | $1.030 | +54.9% | +255.2% |
Mesoblast | MSB | $1.190 | +9.2% | +9.6% |
Vaneck Australian Banks ETF | MVB | $35.94 | +4.1% | +27.9% |
Mystate | MYS | $3.86 | +2.4% | +17.3% |
National Australia Bank | NAB | $36.95 | +5.5% | +41.1% |
NRW | NWH | $3.13 | +5.4% | +24.7% |
Ora Banda Mining | OBM | $0.425 | +14.9% | +240.0% |
Paragon Care | PGC | $0.460 | +16.5% | +76.9% |
Pinnacle Investment Management | PNI | $15.44 | +15.7% | +65.7% |
Praemium | PPS | $0.520 | +13.0% | -9.6% |
Perseus Mining | PRU | $2.73 | +15.7% | +60.1% |
PYC Therapeutics | PYC | $0.130 | +23.8% | +90.7% |
Race Oncology | RAC | $1.940 | +4.0% | +49.2% |
REA Group | REA | $201.44 | +4.9% | +39.5% |
SG Fleet Group | SGF | $3.25 | +10.5% | +45.1% |
SKS Technologies Group | SKS | $1.350 | +82.4% | +487.0% |
Stanmore Resources | SMR | $3.97 | +18.5% | +65.6% |
Washington H Soul Pattinson | SOL | $34.48 | +6.6% | +10.5% |
Spartan Resources | SPR | $1.050 | +24.3% | +487.1% |
Service Stream | SSM | $1.350 | +9.8% | +65.6% |
Step One Clothing | STP | $1.415 | +1.1% | +298.6% |
Telix Pharmaceuticals | TLX | $19.93 | +21.1% | +87.7% |
Ventia Services Group | VNT | $4.16 | +11.8% | +40.1% |
Westpac Banking Corporation | WBC | $27.90 | +3.8% | +32.5% |
Westgold Resources | WGX | $2.65 | +12.3% | +56.8% |
Xero | XRO | $140.49 | +6.6% | +18.1% |
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: Life360 (ASX: 360), Aurora Labs (ASX: A3D), Austal (ASX: ASB), Biome Australia (ASX: BIO), Botanix Pharmaceuticals (ASX: BOT), Commonwealth Bank of Australia (ASX: CBA), CSL (ASX: CSL), Clarity Pharmaceuticals (ASX: CU6), Droneshield (ASX: DRO), EZZ Life Science (ASX: EZZ), Genesis Minerals (ASX: GMD), Hyterra (ASX: HYT), JB HI-FI (ASX: JBH), Medadvisor (ASX: MDR), National Australia Bank (ASX: NAB), Paragon Care (ASX: PGC), Pinnacle Investment Management Group (ASX: PNI), Spartan Resources (ASX: SPR), Service Stream (ASX: SSM), Telix Pharmaceuticals (ASX: TLX).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.820 | 0% | -29.9% |
Audinate Group | AD8 | $15.33 | -7.5% | +77.6% |
Aurizon | AZJ | $3.60 | -1.6% | -8.2% |
Bannerman Energy | BMN | $3.20 | -20.4% | +111.2% |
Chalice Mining | CHN | $1.310 | -6.8% | -77.5% |
Cettire | CTT | $1.425 | -38.0% | -58.8% |
EVT | EVT | $11.20 | +0.5% | -2.6% |
GDI Property Group | GDI | $0.560 | -8.9% | -15.8% |
Hansen Technologies | HSN | $4.42 | +0.5% | -11.6% |
IDP Education | IEL | $14.22 | -5.9% | -34.5% |
Ioneer | INR | $0.140 | -12.5% | -54.8% |
MA Financial Group | MAF | $4.35 | -1.8% | -15.0% |
McMillan Shakespeare | MMS | $16.86 | -0.9% | -3.2% |
Nine Entertainment | NEC | $1.385 | -1.1% | -29.2% |
NIB | NHF | $6.94 | -5.7% | -18.3% |
OOH!Media | OML | $1.375 | +0.4% | +10.4% |
Platinum Asset Management | PTM | $1.045 | +1.5% | -34.7% |
Rio Tinto | RIO | $119.83 | -0.7% | +7.1% |
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: Alpha HPA (ASX: A4N), Audinate Group (ASX: AD8), Aurizon (ASX: AZJ), Chalice Mining (ASX: CHN), EVT (ASX: EVT), IDP Education (ASX: IEL), MA Financial Group (ASX: MAF), McMillan Shakespeare (ASX: MMS).
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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