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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/ChartWatch ASX Scans: Magnetic Resources, Deep Yellow, Iluka Resources, Karoon Energy, Megaport, South32, Weebit Nano
Technical Analysis
ChartWatch ASX Scans: Magnetic Resources, Deep Yellow, Iluka Resources, Karoon Energy, Megaport, South32, Weebit Nano
Tue 06 Aug 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Capricorn Metals (CMM), Global X Physical Gold Global X Physical Gold (GOLD), iShares Global Consumer Staples ETF (IXI), Magnetic Resources (MAU), Newmont (NEM), Vanguard Global Infrastructure Index ETF (VBLD)
- Interesting downtrends in today's Scans: Audinate (AD8), Adriatic Metals (ADT), Bellevue Gold (BGL), BHP (BHP), Bannerman (BMN), Cettire (CTT), Calix (CXL), Deep Yellow (DYL), Fortescue (FMG), IGO (IGO), Iluka (ILU), Karoon Energy (KAR), South32 (S32)
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 % |
|---|---|---|---|---|
Capricorn Metals | CMM | $5.51 | +8.5% | +30.9% |
Global X Physical Gold Global X Physical Gold | GOLD | $35.19 | +8.5% | +28.1% |
iShares Global Consumer Staples ETF | IXI | $96.80 | +8.5% | +3.5% |
Magnetic Resources | MAU | $1.580 | +29.0% | +192.6% |
Newmont Corporation | NEM | $74.69 | +14.9% | 0% |
Vanguard Global Infrastructure Index ETF | VBLD | $70.26 | +14.1% | +11.3% |
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: Capricorn Metals (ASX: CMM), Global X Physical Gold Global X Physical Gold (ASX: GOLD), iShares Global Consumer Staples ETF (ASX: IXI), Magnetic Resources (ASX: MAU), Newmont Corporation (ASX: NEM), Vanguard Global Infrastructure Index ETF (ASX: VBLD).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.770 | -11.0% | -33.6% |
Aussie Broadband | ABB | $2.99 | -14.6% | +8.7% |
Abacus Group | ABG | $1.050 | -7.1% | -20.5% |
Audinate Group | AD8 | $13.32 | -15.1% | +44.0% |
Adriatic Metals | ADT | $2.93 | -20.8% | -18.4% |
Auckland International Airport | AIA | $6.73 | -3.3% | -12.7% |
Ampol | ALD | $32.48 | -2.0% | +1.4% |
Atlas Arteria | ALX | $5.05 | +0.4% | -17.5% |
Amotiv | AOV | $10.16 | -0.6% | +3.9% |
Eagers Automotive | APE | $10.01 | -2.2% | -31.0% |
Arafura Rare Earths | ARU | $0.155 | -22.5% | -47.5% |
Aurizon | AZJ | $3.60 | 0% | -4.0% |
Bapcor | BAP | $4.79 | -5.3% | -23.4% |
Bellevue Gold | BGL | $1.295 | -34.1% | -13.4% |
BHP Group | BHP | $41.11 | -7.4% | -10.3% |
Bannerman Energy | BMN | $2.31 | -26.0% | +53.5% |
Boss Energy | BOE | $2.94 | -23.0% | -1.3% |
Beach Energy | BPT | $1.415 | -6.9% | -12.9% |
Brainchip | BRN | $0.170 | -20.9% | -52.8% |
BWP Trust | BWP | $3.46 | -1.1% | -2.5% |
Chalice Mining | CHN | $1.040 | -21.5% | -82.4% |
Collins Foods | CKF | $8.71 | -3.7% | -11.8% |
Cettire | CTT | $1.210 | -7.6% | -57.8% |
Clinuvel Pharmaceuticals | CUV | $13.67 | -21.3% | -22.6% |
Calix | CXL | $0.830 | -38.3% | -80.1% |
Core Lithium | CXO | $0.091 | 0% | -86.2% |
Dicker Data | DDR | $9.52 | -3.4% | +18.1% |
Deterra Royalties | DRR | $3.86 | -6.8% | -15.7% |
Deep Yellow | DYL | $0.945 | -32.7% | +46.5% |
EVT | EVT | $10.66 | -5.3% | -8.9% |
Fortescue | FMG | $18.40 | -17.9% | -14.6% |
Fleetpartners Group | FPR | $3.21 | -8.8% | +24.9% |
Grange Resources | GRR | $0.300 | -22.1% | -42.9% |
Hansen Technologies | HSN | $4.29 | -4.0% | -17.2% |
IDP Education | IEL | $13.99 | -3.3% | -42.6% |
IGO | IGO | $5.03 | -15.2% | -63.6% |
Iluka Resources | ILU | $5.50 | -19.2% | -45.3% |
Imugene | IMU | $0.051 | 0% | -49.0% |
IPH | IPH | $5.87 | -5.5% | -24.7% |
Jumbo Interactive | JIN | $14.98 | -10.1% | +0.2% |
Johns Lyng Group | JLG | $5.50 | -3.8% | +5.2% |
Karoon Energy | KAR | $1.700 | -9.1% | -23.4% |
Kogan.Com | KGN | $4.07 | -3.6% | -35.5% |
Kelsian Group | KLS | $4.92 | +2.5% | -27.3% |
Lifestyle Communities | LIC | $8.53 | -31.5% | -49.7% |
Lendlease Group | LLC | $5.93 | +4.6% | -29.6% |
Lotus Resources | LOT | $0.220 | -35.3% | 0% |
Latin Resources | LRS | $0.125 | -28.6% | -66.2% |
Arcadium Lithium | LTM | $4.11 | -20.3% | 0% |
Liontown Resources | LTR | $0.870 | -4.9% | -68.8% |
Lynas Rare Earths | LYC | $5.91 | -9.9% | -14.0% |
MA Financial Group | MAF | $4.00 | -8.7% | -12.1% |
Meteoric Resources | MEI | $0.094 | -39.4% | -55.2% |
Monadelphous Group | MND | $11.42 | -10.1% | -15.0% |
Megaport | MP1 | $10.27 | -7.8% | -1.5% |
Metcash | MTS | $3.54 | -2.7% | -3.3% |
Mayne Pharma Group | MYX | $3.83 | -12.6% | -16.7% |
Nine Entertainment | NEC | $1.370 | +3.0% | -35.7% |
Neuren Pharmaceuticals | NEU | $17.01 | -14.8% | +26.6% |
NIB | NHF | $7.02 | +0.6% | -13.5% |
Nickel Industries | NIC | $0.780 | -4.9% | -6.6% |
Nufarm | NUF | $4.39 | -3.9% | -15.7% |
Novonix | NVX | $0.620 | -12.1% | -34.4% |
Omni Bridgeway | OBL | $0.880 | -15.8% | -68.3% |
Orora | ORA | $1.920 | -2.3% | -40.6% |
Paladin Energy | PDN | $9.64 | -25.9% | +25.2% |
Pilbara Minerals | PLS | $2.83 | -5.7% | -41.9% |
Perpetual | PPT | $20.65 | -4.2% | -16.6% |
Platinum Asset Management | PTM | $1.010 | -5.2% | -36.1% |
Regis Resources | RRL | $1.600 | -9.9% | -5.9% |
South32 | S32 | $2.84 | -25.7% | -27.6% |
Smartgroup Corporation | SIQ | $7.97 | -5.6% | -7.6% |
Silex Systems | SLX | $4.21 | -16.6% | +19.6% |
Block | SQ2 | $89.53 | -7.1% | -24.4% |
Strike Energy | STX | $0.190 | -17.4% | -57.3% |
Sayona Mining | SYA | $0.028 | -17.6% | -81.3% |
Syrah Resources | SYR | $0.240 | -28.4% | -65.0% |
Tabcorp | TAH | $0.580 | -15.3% | -44.8% |
Terracom | TER | $0.180 | -20.0% | -57.1% |
Talga Group | TLG | $0.405 | -29.6% | -69.5% |
TPG Telecom | TPG | $4.51 | -1.5% | -17.2% |
Tyro Payments | TYR | $0.865 | -7.0% | -34.0% |
Unibail-Rodamco-Westfield | URW | $5.51 | -10.0% | +30.6% |
Viva Energy Group | VEA | $3.08 | -2.5% | -1.3% |
Weebit Nano | WBT | $2.00 | -12.7% | -62.4% |
Wildcat Resources | WC8 | $0.215 | -29.5% | +22.9% |
Woodside Energy Group | WDS | $26.48 | -9.5% | -30.1% |
Worley | WOR | $14.17 | -3.8% | -19.0% |
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: Alpha HPA (ASX: A4N), Audinate Group (ASX: AD8), Adriatic Metals (ASX: ADT), Auckland International Airport (ASX: AIA), Eagers Automotive (ASX: APE), Bapcor (ASX: BAP), Bellevue Gold (ASX: BGL), BHP Group (ASX: BHP), Bannerman Energy (ASX: BMN), Collins Foods (ASX: CKF), Cettire (ASX: CTT), Calix (ASX: CXL), Dicker Data (ASX: DDR), Deep Yellow (ASX: DYL), Fortescue (ASX: FMG), IGO (ASX: IGO), Iluka Resources (ASX: ILU), IPH (ASX: IPH), Jumbo Interactive (ASX: JIN), Johns Lyng Group (ASX: JLG), Karoon Energy (ASX: KAR), Lifestyle Communities (ASX: LIC), Arcadium Lithium (ASX: LTM), MA Financial Group (ASX: MAF), Monadelphous Group (ASX: MND), Megaport (ASX: MP1), Mayne Pharma Group (ASX: MYX), Perpetual (ASX: PPT), Regis Resources (ASX: RRL), South32 (ASX: S32), Smartgroup Corporation (ASX: SIQ), Silex Systems (ASX: SLX), Strike Energy (ASX: STX), Tabcorp (ASX: TAH), Tyro Payments (ASX: TYR), Unibail-Rodamco-Westfield (ASX: URW), Weebit Nano (ASX: WBT), Wildcat Resources (ASX: WC8), Woodside Energy Group (ASX: WDS).
Charts of each below:
There were 39 Feature Downtrends Charts – too many too display here. I couldn't split them in terms of quality of downtrend, so I asked ChatGPT to pick 20 at random to show 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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