Evening Wrap: ASX 200 notches gain as uranium and critical minerals stocks boom on separate bullish developments
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Technical Analysis
/ChartWatch ASX Scans: Life360, MFF Capital, Soul Pattinson, Cettire, Domino's Pizza, Weebit Nano, Tyro Payments
Technical Analysis
ChartWatch ASX Scans: Life360, MFF Capital, Soul Pattinson, Cettire, Domino's Pizza, Weebit Nano, Tyro Payments
Fri 02 Aug 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Life360 (360), ARB (ARB), AUB (AUB), Catapult International (CAT), HMC Capital (HMC), Larvotto Resources (LRV), MFF Capital (MFF), Maas (MGH), Reece (REH), Steadfast (SDF), Soul Pattinson (SOL), Technology One (TNE)
- Interesting downtrends in today's Scans: Audinate (AD8), Cettire (CTT), Calix (CXL), Domino's Pizza Enterprises (DMP), Grange Resources (GRR), Mayne Pharma (MYX), 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 % |
|---|---|---|---|---|
Life360 | 360 | $17.35 | +8.6% | +128.0% |
Adairs | ADH | $2.24 | +18.2% | +31.8% |
ALS | ALQ | $15.66 | +11.7% | +33.4% |
ARB Corporation | ARB | $43.09 | +14.0% | +38.2% |
Argo Investments | ARG | $9.07 | +6.0% | +2.5% |
Abacus Storage King | ASK | $1.295 | +15.1% | 0% |
BetaShares S&P/ASX Australian Technology ETF | ATEC | $24.98 | +4.9% | +25.0% |
AUB Group | AUB | $32.54 | +5.9% | +15.3% |
Bank of Queensland | BOQ | $6.30 | +6.6% | +4.3% |
Catapult Group International | CAT | $2.07 | +15.0% | +75.4% |
Coronado Global Resources | CRN | $1.440 | +4.0% | -13.8% |
Dalrymple Bay Infrastructure/Notes | DBI | $3.09 | +1.6% | +12.0% |
Dusk Group | DSK | $0.940 | +51.6% | -23.3% |
EQT | EQT | $35.50 | +10.9% | +35.6% |
Evolution Mining | EVN | $4.01 | +15.9% | +9.0% |
Future Generation Global | FGG | $1.340 | +1.9% | +11.7% |
Goodman Group | GMG | $36.44 | +5.2% | +77.4% |
Genusplus Group | GNP | $2.27 | +16.4% | +99.1% |
Guzman y Gomez | GYG | $30.00 | +17.6% | 0% |
Hearts and Minds Investments | HM1 | $2.75 | +5.0% | +15.5% |
HMC Capital | HMC | $8.05 | +12.7% | +54.5% |
Horizon Oil | HZN | $0.200 | +8.1% | +33.3% |
Insurance Australia Group | IAG | $7.42 | +5.8% | +25.1% |
Imdex | IMD | $2.36 | +4.0% | +20.4% |
Iperionx | IPX | $2.36 | +1.7% | +114.5% |
Integrated Research | IRI | $0.935 | +1.6% | +114.9% |
Kina Securities | KSL | $1.050 | +13.5% | +31.3% |
Light & Wonder | LNW | $167.30 | +8.2% | +59.0% |
Larvotto Resources | LRV | $0.140 | +16.7% | +18.0% |
Macquarie Technology Group | MAQ | $95.30 | +3.3% | +39.8% |
Magnetic Resources | MAU | $1.480 | +21.3% | +169.1% |
MFF Capital Investments | MFF | $3.96 | +5.3% | +37.5% |
Magellan Financial Group | MFG | $10.26 | +20.0% | +13.2% |
Maas Group | MGH | $4.58 | +14.5% | +70.9% |
Medibank Private | MPL | $4.00 | +10.5% | +14.0% |
News Corporation | NWS | $44.01 | +3.1% | +48.9% |
Pacific Current Group | PAC | $10.90 | +0.3% | +6.7% |
Paragon Care | PGC | $0.460 | +7.0% | +95.7% |
Reece | REH | $28.00 | +15.0% | +42.9% |
Reliance Worldwide Corporation | RWC | $5.20 | +18.7% | +23.2% |
Steadfast Group | SDF | $6.51 | +6.9% | +11.5% |
Scidev | SDV | $0.505 | +20.2% | +60.3% |
SKS Technologies Group | SKS | $1.620 | +58.8% | +710.0% |
Washington H Soul Pattinson & Company | SOL | $35.69 | +7.4% | +8.3% |
Step One Clothing | STP | $1.685 | +23.4% | +381.4% |
Super Retail Group | SUL | $16.02 | +17.0% | +32.7% |
Telstra Group | TLS | $3.95 | +9.1% | -7.3% |
Technology One | TNE | $21.14 | +14.3% | +34.5% |
Vanguard FTSE Asia EX Japan Shares ETF | VAE | $76.24 | +2.6% | +7.1% |
Vanguard Australian Property Securities ETF | VAP | $97.63 | +8.2% | +23.2% |
Vanguard Global Infrastructure ETF | VBLD | $67.98 | +10.6% | +8.1% |
Vanguard Diversified Conservative ETF | VDCO | $52.92 | +2.9% | +6.8% |
Zip Co. | ZIP | $2.01 | +42.6% | +332.3% |
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), ARB Corporation (ASX: ARB), AUB Group (ASX: AUB), Catapult Group International (ASX: CAT), HMC Capital (ASX: HMC), Kina Securities (ASX: KSL), Larvotto Resources (ASX: LRV), MFF Capital Investments (ASX: MFF), Maas Group (ASX: MGH), Reece (ASX: REH), Steadfast Group (ASX: SDF), Washington H Soul Pattinson & Company (ASX: SOL), Technology One (ASX: TNE), Vanguard FTSE Asia EX Japan Shares Index ETF (ASX: VAE), Vanguard Diversified Conservative Index ETF (ASX: VDCO).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Audinate Group | AD8 | $14.36 | -6.9% | +57.3% |
Adriatic Metals | ADT | $3.20 | -15.1% | -10.4% |
APA Group | APA | $7.92 | +0.3% | -21.0% |
Arafura Rare Earths | ARU | $0.170 | -8.1% | -43.3% |
Bannerman Energy | BMN | $2.99 | -7.1% | +86.9% |
Boss Energy | BOE | $3.65 | -12.9% | +27.2% |
Cettire | CTT | $1.325 | -2.9% | -55.4% |
Calix | CXL | $0.955 | -34.6% | -77.7% |
Domino's Pizza Enterprises | DMP | $32.57 | -6.7% | -33.7% |
Deterra Royalties | DRR | $3.99 | -2.2% | -15.1% |
Fortescue | FMG | $18.99 | -13.4% | -12.4% |
Grange Resources | GRR | $0.315 | -17.1% | -41.7% |
Iluka Resources | ILU | $6.01 | -11.1% | -41.2% |
Imugene | IMU | $0.053 | +3.9% | -47.0% |
Lotus Resources | LOT | $0.255 | -22.7% | +18.6% |
Mineral Resources | MIN | $53.82 | -2.7% | -24.7% |
Mayne Pharma Group | MYX | $4.22 | -5.8% | -13.5% |
Regis Resources | RRL | $1.675 | -4.6% | -2.0% |
Strike Energy | STX | $0.205 | -8.9% | -52.9% |
Tabcorp | TAH | $0.645 | -5.8% | -38.9% |
Terracom | TER | $0.185 | -17.8% | -54.9% |
The Lottery Corporation | TLC | $4.92 | 0% | -4.8% |
Tyro Payments | TYR | $0.920 | -2.1% | -34.1% |
Weebit Nano | WBT | $2.30 | -3.8% | -62.9% |
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: Audinate Group (ASX: AD8), Cettire (ASX: CTT), Calix (ASX: CXL), Domino's Pizza Enterprises (ASX: DMP), Grange Resources (ASX: GRR), Mayne Pharma Group (ASX: MYX), 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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