ChartWatch ASX Scans: National Australia Bank, IDP Education, Guzman Y Gomez, Nuix, REA, Sonic Healthcare, Silex Systems
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.

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Mentioned
KEY POINTS
- Interesting uptrends in today's scans: Kingsgate Consolidated (KCN).
- Interesting downtrends in today's scans: Alpha HPA (A4N), Audinate (AD8), Develop Global (DVP), GQG Partners (GQG), IDP Education (IEL), Lindsay Australia (LAU), Nuix (NXL), REA (REA), Ramsay Healthcare (RHC), Sonic Healthcare (SHL), Select Harvests (SHV).
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That's never happened before...
In 18-months of ChartWatch ASX Scans, never have I only been able to identify just one Feature Uptrend from the 2,500-odd stocks on the ASX... 🤔
I'll just let that marinate for a second...
The broader Uptrends Scan List, at 13, is also miniscule by typical standards – but isn't this the point of trend following!? The trends are there... or they aren't! And there's no point whining about it – because IT JUST IS!
Now, that's where the story ends for those who cannot (or refuse to learn how to) go short. Because long before the Uptrends Scan List reached its present sliver-like proportions – the Downtrends Scan List has been adding bulk. Today, I note it has swelled to 36 in the main list, with 17 Features.
Ain't trend following grand! 😍
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. You can also watch these videos 📺 in which I perform live analysis of ASX stocks as requested by viewers, including detailed explanations of how my methodology works.
How to use the Uptrends & Downtrends lists, and Feature Chart lists
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 % |
|---|---|---|---|---|
The A2 Milk Company | A2M | $9.60 | +8.7% | +68.1% |
Cogstate | CGS | $2.77 | +14.0% | +182.7% |
Champion Iron | CIA | $5.50 | +15.1% | -10.4% |
COG Financial Services | COG | $2.34 | +9.9% | +129.4% |
Downer EDI | DOW | $7.72 | +1.8% | +40.1% |
Genusplus Group | GNP | $6.89 | +16.4% | +193.2% |
Kingsgate Consolidated | KCN | $4.34 | +7.7% | +172.1% |
Mayfield Group Holdings | MYG | $1.950 | +16.1% | +155.1% |
National Australia Bank | NAB | $44.53 | -0.1% | +16.5% |
Shape Australia Corp. | SHA | $5.92 | +12.1% | +110.7% |
Silex Systems | SLX | $9.53 | +35.4% | +81.5% |
Wagners Holding Company | WGN | $3.11 | +13.5% | +139.2% |
Wrkr | WRK | $0.135 | +22.7% | +114.3% |
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: Kingsgate Consolidated (ASX: KCN).
Feature Uptrend Chart:
Downtrends Scan List 📉
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.730 | -8.8% | -27.7% |
Audinate Group | AD8 | $4.61 | -13.8% | -48.7% |
Austin Engineering | ANG | $0.215 | -35.8% | -58.7% |
Bapcor | BAP | $2.38 | -25.4% | -48.0% |
Canyon Resources | CAY | $0.170 | -20.9% | +6.3% |
Credit Corp Group | CCP | $13.78 | -9.3% | -19.7% |
Clinuvel Pharmaceuticals | CUV | $10.86 | -14.3% | -20.9% |
Develop Global | DVP | $3.16 | -24.2% | +22.0% |
Ebos Group | EBO | $25.14 | -2.6% | -23.2% |
EML Payments | EML | $0.930 | -8.4% | +45.3% |
Flight Centre Travel Group | FLT | $11.86 | +2.5% | -24.6% |
Goodman Group | GMG | $31.23 | -7.6% | -14.8% |
GQG Partners | GQG | $1.450 | -10.2% | -45.7% |
Gentrack Group | GTK | $7.72 | -8.3% | -14.2% |
Guzman Y Gomez | GYG | $24.80 | -6.5% | -32.4% |
Insurance Australia Group | IAG | $7.82 | -5.8% | +5.8% |
IDP Education | IEL | $5.01 | -23.0% | -64.2% |
Kogan.Com | KGN | $3.10 | -9.4% | -34.5% |
Lindsay Australia | LAU | $0.595 | -4.0% | -30.0% |
Metal Powder Works | MPW | $2.44 | -22.0% | -57.1% |
Monash IVF Group | MVF | $0.670 | -4.3% | -42.7% |
News Corp. Class B | NWS | $44.99 | -6.3% | +1.3% |
Nuix | NXL | $2.21 | -27.1% | -70.7% |
Orthocell | OCC | $1.130 | -23.1% | +75.2% |
Propel Funeral Partners | PFP | $4.72 | -8.4% | -22.0% |
Pro Medicus | PME | $254.57 | -14.6% | +30.0% |
Pmet Resources | PMT | $0.350 | -20.5% | -6.7% |
Premier Investments | PMV | $17.56 | -6.5% | -30.1% |
Readytech Holdings | RDY | $2.06 | -5.9% | -30.2% |
REA Group | REA | $213.18 | -4.8% | -6.5% |
Ramsay Health Care | RHC | $30.79 | -3.0% | -21.6% |
Reliance Worldwide Corp. | RWC | $3.96 | -1.2% | -21.9% |
SGH | SGH | $46.81 | -7.2% | +12.9% |
The Star Entertainment Group | SGR | $0.088 | -9.3% | -82.7% |
Sonic Healthcare | SHL | $20.68 | -4.5% | -22.4% |
Select Harvests | SHV | $3.69 | -0.8% | +2.2% |
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), Bapcor (ASX: BAP), Clinuvel Pharmaceuticals (ASX: CUV), Develop Global (ASX: DVP), GQG Partners (ASX: GQG), IDP Education (ASX: IEL), Lindsay Australia (ASX: LAU), Metal Powder Works (ASX: MPW), News Corp. Class B (ASX: NWS), Nuix (ASX: NXL), Pmet Resources (ASX: PMT), Readytech Holdings (ASX: RDY), REA Group (ASX: REA), Ramsay Health Care (ASX: RHC), Sonic Healthcare (ASX: SHL), Select Harvests (ASX: SHV).
10 Randomly chosen Feature Downtrend Charts:
Important considerations when using the ChartWatch Daily ASX Scans:
1. For more information on Carl's trend following information, check out his Technical analysis for beginners: ChartWatch Primer.
2. 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!!!

