ChartWatch ASX Scans: Lynas Rare Earths, Iluka, Codan, Catapult, Bellevue Gold, Northern Star, Telix Pharmaceuticals
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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KEY POINTS
- Interesting uptrends in today's Scans: Eagers Auto (APE), Betmakers (BET), Codan (CDA), Forrestania (FRS), Iluka (ILU), JB HI-FI (JBH), Locksley Resources (LKY), Lynas Rare Earths (LYC), Megaport (MP1), Nick Scali (NCK), Tasmea (TEA), Torque Metals (TOR).
- Interesting downtrends in today's Scans: Bellevue Gold (BGL), Imugene (IMU), Lotus Resources (LOT), Northern Star (NST), Ora Banda Mining (OBM), Reece (REH), Star Entertainment (SGR), Select Harvests (SHV), Telix Pharmaceuticals (TLX).
ChartWatch Daily ASX Scans is back after a month's holiday (yes, I had a wonderful time trekking through Europe through July!). Whilst many of the stocks in today's Feature lists have changed – the premise of this series remains the same: To deliver you the best uptrends and downtrends on the ASX each day 💪.
No doubt, today is going to be a tough day for Aussie stocks given such negative leads from various global markets on Friday evening. In theory, the constituents of today's Uptrends list may struggle to live up to their previous strong trend showings – but this is the nature of trend following – we're always at least one day behind! Regardless, I suggest these stocks deserve their places, and therefore deserve your consideration.
Unfortunately, given the Aussie stock market has been punching out so many record highs recently, there are few Downtrends list constituents to choose from when it comes to potentially finding some "short cover" for our portfolios. Still, what this list lacks in quantity, I feel it makes up for in terms of quality.
It will be interesting to see which stocks can shrug off a weak start today and close near their highs – telling us there remains substantial latent excess demand for them in the system. In my experience, these "surviving fittest" are usually a sound place to be if/when the prevailing short term uptrend resumes.
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 % |
|---|---|---|---|---|
ANZ Group | ANZ | $30.87 | +2.6% | +8.2% |
Eagers Automotive | APE | $19.97 | +11.8% | +94.8% |
Autosports Group | ASG | $2.57 | +10.3% | +19.5% |
Betmakers Technology | BET | $0.145 | +38.1% | +81.3% |
Catapult Group | CAT | $6.63 | +14.3% | +233.2% |
Credit Corp Group | CCP | $15.62 | +10.2% | -9.8% |
Cash Converters | CCV | $0.335 | +15.5% | +63.4% |
Codan | CDA | $21.65 | +9.7% | +69.1% |
COG Financial Services | COG | $1.860 | +6.9% | +71.4% |
Dalrymple Bay Infrastructure | DBI | $4.66 | +12.0% | +53.8% |
Downer EDI | DOW | $6.91 | +7.5% | +41.9% |
Dateline Resources | DTR | $0.135 | +50.0% | +1025.0% |
Elders | ELD | $7.28 | +11.5% | -20.8% |
EVT | EVT | $17.00 | +2.5% | +51.1% |
Forrestania Resources | FRS | $0.170 | +123.7% | +226.9% |
Garda Property Group | GDF | $1.300 | +3.6% | +15.4% |
Generation Development Group | GDG | $6.02 | +16.4% | +145.0% |
Gorilla Gold Mines | GG8 | $0.420 | +7.7% | +397.7% |
GR Engineering Services | GNG | $3.94 | +20.9% | +98.5% |
Genusplus Group | GNP | $4.53 | +9.4% | +107.8% |
Hansen Technologies | HSN | $6.09 | +24.3% | +36.2% |
Harvey Norman | HVN | $5.82 | +8.2% | +27.9% |
Iluka Resources | ILU | $5.21 | +37.1% | -12.0% |
Imdex | IMD | $3.07 | +14.1% | +34.1% |
JB HI-FI | JBH | $112.63 | +3.0% | +70.5% |
Locksley Resources | LKY | $0.140 | +89.2% | +324.2% |
Lynas Rare Earths | LYC | $10.81 | +29.6% | +77.5% |
Mount Gibson Iron | MGX | $0.390 | +44.4% | +9.9% |
Megaport | MP1 | $15.03 | +9.9% | +39.4% |
MTM Critical Metals | MTM | $0.800 | +22.1% | +2122.2% |
Nick Scali | NCK | $19.37 | +6.5% | +29.3% |
Navigator Global Investments | NGI | $1.910 | +11.7% | +2.4% |
Peter Warren Automotive | PWR | $1.740 | +22.1% | -4.9% |
Qoria | QOR | $0.610 | +31.2% | +67.1% |
Ricegrowers | SGLLV | $11.99 | +16.1% | +39.7% |
Superloop | SLC | $3.35 | +10.6% | +115.4% |
Service Stream | SSM | $1.990 | +5.0% | +43.7% |
Tasmea | TEA | $3.78 | +4.7% | +136.9% |
Torque Metals. | TOR | $0.245 | +63.3% | +88.5% |
Universal Store | UNI | $8.51 | +9.4% | +48.0% |
VGI Partners Global | VG1 | $1.795 | -1.4% | -6.8% |
Viridis Mining and Minerals | VMM | $1.060 | +118.6% | +21.1% |
Ventia Services Group | VNT | $5.24 | +3.2% | +22.7% |
WAM Global | WGB | $2.57 | +1.6% | +17.6% |
WIA Gold | WIA | $0.300 | +15.4% | +233.3% |
WCM Global Growth | WQG | $1.935 | +9.0% | +28.1% |
Zip Co. | ZIP | $3.25 | +5.5% | +78.1% |
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: Eagers Automotive (ASX: APE), Betmakers Technology Group (ASX: BET), Credit Corp Group (ASX: CCP), Cash Converters International (ASX: CCV), Codan (ASX: CDA), COG Financial Services (ASX: COG), Dalrymple Bay Infrastructure/Notes (ASX: DBI), Forrestania Resources (ASX: FRS), GR Engineering Services (ASX: GNG), Iluka Resources (ASX: ILU), JB HI-FI (ASX: JBH), Locksley Resources (ASX: LKY), Lynas Rare Earths (ASX: LYC), Megaport (ASX: MP1), Nick Scali (ASX: NCK), Tasmea (ASX: TEA), Torque Metals (ASX: TOR), WAM Global (ASX: WGB).
10 Randomly chosen Feature Uptrend Charts:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Clinical Labs | ACL | $2.71 | -3.6% | +10.2% |
Bellevue Gold | BGL | $0.775 | -16.7% | -60.7% |
Findi | FND | $3.72 | -9.3% | -14.5% |
Healius | HLS | $0.755 | +5.6% | -29.8% |
Imugene | IMU | $0.250 | -47.5% | -86.6% |
Lotus Resources | LOT | $0.150 | -21.1% | -48.3% |
Myer | MYR | $0.605 | -2.4% | -23.3% |
Northern Star Resources | NST | $15.30 | -17.6% | +10.2% |
Ora Banda Mining | OBM | $0.640 | -12.3% | +52.4% |
Reece | REH | $13.24 | -10.5% | -51.1% |
The Star Entertainment Group | SGR | $0.092 | -29.2% | -80.0% |
Select Harvests | SHV | $3.39 | -17.5% | -20.7% |
Strike Energy | STX | $0.115 | -20.7% | -41.0% |
Telix Pharmaceuticals | TLX | $20.15 | -15.9% | +4.3% |
Wildcat Resources | WC8 | $0.155 | -16.2% | -32.6% |
WEB Travel Group | WEB | $4.42 | +0.2% | -41.3% |
Westgold Resources | WGX | $2.53 | -10.9% | -0.4% |
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), Imugene (ASX: IMU), Lotus Resources (ASX: LOT), Northern Star Resources (ASX: NST), Ora Banda Mining (ASX: OBM), Reece (ASX: REH), The Star Entertainment Group (ASX: SGR), Select Harvests (ASX: SHV), Telix Pharmaceuticals (ASX: TLX).
Feature Downtrend charts:
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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's 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 – so always do your own research!!!
