Technical Analysis

ChartWatch ASX Scans: Metro Mining, Origin Energy, Stanmore Resources, Audinate, Charter Hall, Ebos

Tue 02 Jul 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Metro Mining (MMI), Origin Energy (ORG), Stanmore Resources (SMR), and Yancoal Australia (YAL)
  • Interesting downtrends in today's Scan Lists: Audinate (AD8), Charter Hall (CHC), Ebos (EBO), Endeavour (EDV), Mirvac (MGR), Megaport (MP1), Monash (MVF), Nine (NEC), Patriot Battery Metals (PMT), Vulcan Steel (VSL), and Wildcat Resources (WC8)

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 %

Actinogen Medical

ACW

$0.065

+124.1%

+55.9%

Aristocrat Leisure

ALL

$50.04

+14.0%

+30.5%

Austin Engineering

ANG

$0.580

+16.0%

+118.9%

Austal

ASB

$2.49

+5.5%

+1.2%

AUB Group

AUB

$31.38

+8.4%

+12.0%

Biome Australia

BIO

$0.600

+79.1%

+757.1%

Commonwealth Bank

CBA

$126.20

+7.0%

+26.8%

Dalrymple Bay Infrastructure

DBI

$2.98

+8.0%

+12.9%

Duratec

DUR

$1.275

+24.4%

+12.8%

Encounter Resources

ENR

$0.780

+129.4%

+231.9%

Energy One

EOL

$5.10

+17.2%

+72.7%

Genusplus Group

GNP

$2.03

+10.0%

+95.2%

Genetic Signatures

GSS

$0.760

+4.1%

+23.5%

Kelly Partners Group

KPG

$8.25

+10.1%

+78.2%

Loftus Peak Global Disruption Fund ETF

LPGD

$4.70

+4.0%

+45.5%

MFF Capital Investments

MFF

$3.70

+5.1%

+41.8%

Mitre Mining Corporation

MMC

$0.790

+11.3%

+259.1%

Metro Mining

MMI

$0.054

+10.2%

+184.2%

Macquarie Group

MQG

$203.16

+7.9%

+16.1%

Myer

MYR

$0.820

+26.2%

+37.8%

National Australia Bank

NAB

$36.07

+7.3%

+37.4%

New Hope Corporation

NHC

$5.10

+5.2%

+7.7%

News Corporation

NWS

$42.89

+4.4%

+46.8%

OFX Group

OFX

$2.20

+2.8%

+11.7%

Origin Energy

ORG

$10.93

+8.2%

+30.1%

Propel Funeral Partners

PFP

$5.77

+6.7%

+39.0%

Steadfast Group

SDF

$6.14

+12.7%

+3.5%

Stanmore Resources

SMR

$3.72

+19.6%

+47.4%

Ventia Services Group

VNT

$3.86

+10.0%

+30.0%

West African Resources

WAF

$1.590

+11.2%

+90.4%

Westpac Banking Corporation

WBC

$27.21

+4.9%

+27.8%

Webjet

WEB

$8.89

+3.1%

+28.7%

Xero

XRO

$134.70

+0.5%

+17.4%

Yancoal Australia

YAL

$6.92

+7.3%

+55.2%

Today's Uptrends Scan List

Interesting charts from today's Uptrends List πŸ”ŽπŸ“ˆ

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Metro Mining (ASX: MMI), Origin Energy (ASX: ORG), Stanmore Resources (ASX: SMR), Yancoal Australia (ASX: YAL).

Charts of each below:

Metro Mining (ASX-MMI) chart 1 July 2024Origin Energy (ASX-ORG) chart 1 July 2024Stanmore Resources (ASX-SMR) chart 1 July 2024Yancoal Australia (ASX-YAL) chart 1 July 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Audinate Group

AD8

$15.34

+2.4%

+69.7%

Australian Finance Group

AFG

$1.365

-6.8%

-19.9%

Auckland International Airport

AIA

$6.98

+0.7%

-10.3%

Eagers Automotive

APE

$10.44

+3.1%

-17.3%

Brainchip

BRN

$0.210

-14.3%

-42.5%

Charter Hall Group US Prohibited

CHC

$11.27

-6.1%

+2.3%

Core Lithium

CXO

$0.091

-32.6%

-90.1%

Dicker Data

DDR

$9.47

+3.0%

+15.5%

Ebos Group

EBO

$29.37

-10.0%

-11.5%

Endeavour Group

EDV

$4.96

+1.4%

-21.1%

GDI Property Group

GDI

$0.560

-6.7%

-15.8%

Healthco Healthcare and Wellness Reit

HCW

$1.060

-6.6%

-21.2%

Imugene

IMU

$0.055

-17.9%

-35.3%

Ioneer

INR

$0.140

-31.7%

-56.3%

Lotus Resources

LOT

$0.330

-26.7%

+83.3%

Latin Resources

LRS

$0.170

-32.0%

-39.3%

Arcadium Lithium

LTM

$4.95

-23.8%

0%

Liontown Resources

LTR

$0.890

-30.5%

-69.8%

Mirvac Group

MGR

$1.855

-4.1%

-19.7%

Megaport

MP1

$10.95

-22.0%

+57.3%

Monash IVF Group

MVF

$1.245

-12.3%

+10.2%

Nine Entertainment

NEC

$1.370

-2.8%

-28.8%

OOH!Media

OML

$1.345

-7.2%

+11.6%

Patriot Battery Metals

PMT

$0.535

-37.4%

-70.0%

Sayona Mining

SYA

$0.034

-17.1%

-80.0%

Vulcan Steel

VSL

$6.50

-7.3%

-16.8%

Weebit Nano

WBT

$2.35

+2.2%

-58.8%

Wildcat Resources

WC8

$0.315

-25.0%

+162.5%

Today's Downtrends Scan List

Interesting charts from today's Downtrends List πŸ”ŽπŸ“‰

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Audinate Group (ASX: AD8), Charter Hall Group US Prohibited (ASX: CHC), Ebos Group (ASX: EBO), Endeavour Group (ASX: EDV), Healthco Healthcare and Wellness Reit (ASX: HCW), Mirvac Group (ASX: MGR), Megaport (ASX: MP1), Monash IVF Group (ASX: MVF), Nine Entertainment (ASX: NEC), Patriot Battery Metals (ASX: PMT), Vulcan Steel (ASX: VSL), Wildcat Resources (ASX: WC8).

Charts of each below:

Audinate Group (ASX-AD8) chart 1 July 2024Charter Hall Group US Prohibited (ASX-CHC) chart 1 July 2024Ebos Group (ASX-EBO) chart 1 July 2024Endeavour Group (ASX-EDV) chart 1 July 2024Healthco Healthcare and Wellness Reit (ASX-HCW) chart 1 July 2024Mirvac Group (ASX-MGR) chart 1 July 2024Megaport (ASX-MP1) chart 1 July 2024Monash IVF Group (ASX-MVF) chart 1 July 2024Nine Entertainment (ASX-NEC) chart 1 July 2024Patriot Battery Metals (ASX-PMT) chart 1 July 2024Vulcan Steel (ASX-VSL) chart 1 July 2024Wildcat Resources (ASX-WC8) chart 1 July 2024

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.

 

Written By

Carl Capolingua

Content Editor

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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