TECHNICAL ANALYSIS

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.

Lead Writer and Presenter
Thu 6 Nov 2025, 09:00 AEDT
4 min read
ChartWatch ASX Scans: National Australia Bank, IDP Education, Guzman Y Gomez, Nuix, REA, Sonic Healthcare, Silex Systems

Source: Shutterstock

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:

Kingsgate Consolidated (ASX-KCN) Daily chart 5 November 2025

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:

Audinate Group (ASX-AD8) Daily chart 5 November 2025 Bapcor (ASX-BAP) Daily chart 5 November 2025 Develop Global (ASX-DVP) Daily chart 5 November 2025 GQG Partners (ASX-GQG) Daily chart 5 November 2025 IDP Education (ASX-IEL) Daily chart 5 November 2025 Lindsay Australia (ASX-LAU) Daily chart 5 November 2025 Nuix (ASX-NXL) Daily chart 5 November 2025 Ramsay Health Care (ASX-RHC) Daily chart 5 November 2025 Select Harvests (ASX-SHV) Daily chart 5 November 2025 Sonic Healthcare (ASX-SHL) Daily chart 5 November 2025
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!!!

ABOUT THE AUTHOR

Lead Writer and Presenter

Carl brings more than 30 years of investing experience and a track record of helping thousands of investors navigate every kind of market. A highly regarded commentator on global macro trends and their impact on Australian and US equities, he is also one of Australia's most recognised educators in technical analysis — having taught his distinctive price-action trend following methodology to two generations of investors.

05/06/2026