Evening Wrap: ASX 200 gives back gains as US futures rocket on US-China trade talks, gold and pharma stocks tumble
Mon 12 May 25, 5:34pm (AEST)
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/ChartWatch ASX Scans: Medadvisor, Mitre Mining, Macquarie Group, Spartan Resources, Telix Pharmaceuticals, Cettire
Technical Analysis
ChartWatch ASX Scans: Medadvisor, Mitre Mining, Macquarie Group, Spartan Resources, Telix Pharmaceuticals, Cettire
Wed 26 Jun 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists: Codan (CDA), Calima Energy (CE1), Energy One (EOL), Electro Optic Systems (EOS), Hub24 (HUB), Medadvisor (MDR), Mitre Mining (MMC), Macquarie Group (MQG), Spartan Resources (SPR), and Telix Pharmaceuticals (TLX)
- Interesting downtrends in today's Scan Lists: Cettire (CTT), Kogan.Com (KGN), Ridley Corporation (RIC), and Seek (SEK)
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 % |
|---|---|---|---|---|
BetaShares Australia 200 ETF | A200 | $131.38 | +1.5% | +9.3% |
Aristocrat Leisure | ALL | $49.98 | +11.1% | +29.8% |
ALS | ALQ | $14.51 | +3.5% | +29.6% |
Ansell | ANN | $26.35 | +4.5% | -1.3% |
Australian Unity Office Fund | AOF | $1.435 | +7.1% | +13.2% |
Alumina | AWC | $1.750 | +0.6% | +27.3% |
Bendigo and Adelaide Bank | BEN | $11.55 | +6.1% | +34.5% |
Biome Australia | BIO | $0.500 | +66.7% | +575.7% |
Bisalloy Steel Group | BIS | $3.88 | +2.9% | +118.3% |
Catapult Group International | CAT | $1.890 | +27.3% | +97.9% |
Commonwealth Bank of Australia | CBA | $128.63 | +8.2% | +28.5% |
Codan | CDA | $11.66 | +10.5% | +51.4% |
Calima Energy | CE1 | $0.010 | +188.9% | +296.8% |
Cooper Energy | COE | $0.230 | 0% | +39.4% |
Cochlear | COH | $332.51 | +3.6% | +40.7% |
Coles Group | COL | $17.19 | +6.7% | -6.4% |
CSL | CSL | $293.70 | +4.5% | +4.2% |
Catalyst Metals | CYL | $1.090 | +0.9% | +41.6% |
BetaShares Global Healthcare ETF | DRUG | $8.84 | +1.7% | +13.8% |
Diversified United Investment | DUI | $5.30 | +5.2% | +8.2% |
Dexus Convenience Retail Reit | DXC | $2.79 | +4.5% | +10.7% |
Elders | ELD | $8.58 | +2.8% | +34.1% |
Energy One | EOL | $5.20 | +17.1% | +85.5% |
Electro Optic Systems | EOS | $1.490 | +4.2% | +71.3% |
EQT | EQT | $32.75 | +4.0% | +25.0% |
Findi | FND | $4.52 | +16.5% | +707.1% |
Global Data Centre Group | GDC | $3.23 | +11.0% | +97.0% |
Generation Development Group | GDG | $2.49 | +13.7% | +104.7% |
Goodman Group | GMG | $35.50 | +5.4% | +76.1% |
Graincorp | GNC | $8.91 | +6.7% | +23.4% |
Gentrack Group | GTK | $9.35 | +3.9% | +150.0% |
BetaShares Japan Hedged ETF | HJPN | $21.31 | +1.4% | +23.4% |
HMC Capital | HMC | $7.48 | +8.1% | +50.5% |
Hotel Property Investments | HPI | $3.42 | +5.6% | +4.6% |
Hub24 | HUB | $46.21 | +8.2% | +74.6% |
Harvey Norman | HVN | $4.58 | +5.8% | +41.8% |
Insurance Australia Group | IAG | $6.76 | +5.1% | +19.9% |
Integrated Research | IRI | $0.850 | +14.9% | +142.9% |
Jumbo Interactive | JIN | $17.65 | +6.8% | +24.6% |
Light & Wonder | LNW | $155.00 | +8.6% | +62.3% |
L1 Long Short Fund | LSF | $3.21 | +3.9% | +13.0% |
Lycopodium | LYL | $13.15 | +7.3% | +30.1% |
Macro Metals | M4M | $0.037 | -2.6% | +640.0% |
Macmahon | MAH | $0.285 | +3.6% | +111.1% |
Macquarie Technology Group | MAQ | $92.99 | +9.1% | +41.4% |
Medadvisor | MDR | $0.500 | +17.6% | +127.3% |
MFF Capital Investments | MFF | $3.70 | +5.4% | +44.5% |
Mitre Mining Corporation | MMC | $0.875 | +11.5% | +230.2% |
Macquarie Group | MQG | $203.93 | +6.1% | +16.1% |
Vaneck Australian Banks ETF | MVB | $35.54 | +5.7% | +24.7% |
National Australia Bank | NAB | $36.69 | +8.0% | +40.3% |
Ora Banda Mining | OBM | $0.360 | +7.5% | +188.0% |
Paragon Care | PGC | $0.420 | +12.0% | +78.7% |
Plenti Group | PLT | $0.790 | +12.9% | +102.6% |
Pro Medicus | PME | $143.00 | +23.6% | +113.4% |
Regis Healthcare | REG | $4.39 | +6.8% | +108.1% |
Regal Investment Fund | RF1 | $3.32 | +4.1% | +24.8% |
Regal Asian Investments | RG8 | $2.24 | +7.7% | +13.1% |
Rpmglobal | RUL | $2.85 | +14.0% | +91.9% |
SG Fleet Group | SGF | $3.19 | +9.2% | +41.8% |
Superloop | SLC | $1.540 | +10.4% | +146.4% |
Supply Network | SNL | $22.48 | +2.2% | +54.6% |
Spartan Resources | SPR | $0.915 | +28.0% | +441.7% |
Service Stream | SSM | $1.260 | +7.2% | +60.5% |
Suncorp Group | SUN | $17.10 | +6.9% | +26.0% |
Southern Cross Electrical Engineering | SXE | $1.795 | +11.5% | +178.3% |
Telix Pharmaceuticals | TLX | $18.86 | +21.0% | +53.6% |
Treasury Wine Estates | TWE | $12.57 | +9.2% | +10.7% |
Vanguard Australian Property ETF | VAP | $94.79 | +3.2% | +24.8% |
West African Resources | WAF | $1.600 | +9.6% | +97.5% |
Westpac Banking Corporation | WBC | $27.47 | +3.4% | +31.3% |
Webjet | WEB | $8.94 | +3.1% | +29.9% |
Westgold Resources | WGX | $2.57 | +18.4% | +89.0% |
Xero | XRO | $132.92 | +1.3% | +17.3% |
Zip Co. | ZIP | $1.410 | +17.0% | +213.3% |
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: Aristocrat Leisure (ASX: ALL), Commonwealth Bank of Australia (ASX: CBA), Codan (ASX: CDA), Calima Energy (ASX: CE1), Energy One (ASX: EOL), Electro Optic Systems (ASX: EOS), Findi (ASX: FND), Generation Development Group (ASX: GDG), BetaShares Japan ETF-Currency Hedged ETF (ASX: HJPN), Hub24 (ASX: HUB), Macquarie Technology Group (ASX: MAQ), Medadvisor (ASX: MDR), MFF Capital Investments (ASX: MFF), Mitre Mining Corporation (ASX: MMC), Macquarie Group (ASX: MQG), National Australia Bank (ASX: NAB), Pro Medicus (ASX: PME), Regal Asian Investments (ASX: RG8), Rpmglobal (ASX: RUL), Spartan Resources (ASX: SPR), Suncorp Group (ASX: SUN), Southern Cross Electrical Engineering (ASX: SXE), Telix Pharmaceuticals (ASX: TLX), West African Resources (ASX: WAF).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
APA Group | APA | $8.34 | -3.5% | -17.2% |
Centuria Office Reit | COF | $1.190 | -1.2% | -14.7% |
Corporate Travel Management | CTD | $13.72 | -1.1% | -25.8% |
Cettire | CTT | $1.115 | -53.2% | -53.5% |
GDI Property Group | GDI | $0.595 | -1.7% | -11.9% |
Healthco Healthcare & Wellness | HCW | $1.130 | -1.7% | -16.9% |
Ioneer | INR | $0.145 | -35.6% | -58.6% |
Johns Lyng Group | JLG | $5.73 | +3.6% | -3.7% |
Kogan.Com | KGN | $4.20 | -7.5% | -14.8% |
Latin Resources | LRS | $0.175 | -32.7% | -12.5% |
Liontown Resources | LTR | $0.900 | -34.3% | -71.4% |
Meteoric Resources | MEI | $0.160 | -11.1% | -22.0% |
NIB | NHF | $7.30 | +3.4% | -15.9% |
Patriot Battery Metals | PMT | $0.560 | -36.0% | -71.4% |
Ridley Corporation | RIC | $2.05 | 0% | +5.7% |
Regis Resources | RRL | $1.780 | -6.3% | -8.5% |
Seek | SEK | $22.04 | -1.8% | +2.0% |
Syrah Resources | SYR | $0.340 | -29.9% | -61.1% |
Terracom | TER | $0.200 | -9.1% | -53.5% |
Viva Energy Group | VEA | $3.14 | -9.5% | +4.0% |
Wildcat Resources | WC8 | $0.325 | -35.0% | +170.8% |
Today's Downtrends Scan List
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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