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Technical Analysis
/ChartWatch ASX Scans: News Corp, Nexgen Energy, Pro Medicus, Qantas, Mineral Resources, Nufarm, Ramsay Health Care, Rio Tinto
Technical Analysis
ChartWatch ASX Scans: News Corp, Nexgen Energy, Pro Medicus, Qantas, Mineral Resources, Nufarm, Ramsay Health Care, Rio Tinto
Thu 14 Nov 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Aristocrat Leisure (ALL), Commonwealth Bank of Australia (CBA), MFF Capital Investments (MFF), News Corporation (NWS), Nexgen Energy (NXG), Pro Medicus (PME), Qantas Airways (QAN), REA Group (REA).
- Interesting downtrends in today's Scans: Endeavour (EDV), Fleetpartners (FPR), Infomedia (IFM), Mineral Resources (MIN), Monash IVF (MVF), Nufarm (NUF), Ramsay Health Care (RHC), Rio Tinto (RIO), Star Entertainment (SGR), Transurban (TCL).
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 % |
Aristocrat Leisure | ALL | $66.62 | +14.0% | +65.4% |
Bendigo and Adelaide Bank | BEN | $12.60 | +5.8% | +39.1% |
Brazilian Rare Earths | BRE | $2.97 | +12.5% | 0% |
Commonwealth Bank of Australia | CBA | $149.62 | +7.4% | +47.7% |
MFF Capital Investments | MFF | $4.27 | +8.7% | +49.3% |
Magellan High Conviction ETF | MHHT | $2.02 | +5.2% | +27.0% |
Netwealth Group | NWL | $29.85 | +5.9% | +117.6% |
News Corporation | NWS | $49.60 | +19.1% | +42.7% |
Nexgen Energy | NXG | $11.74 | +7.3% | +21.4% |
Pro Medicus | PME | $204.72 | +7.5% | +140.3% |
Qantas Airways | QAN | $8.60 | +17.5% | +62.9% |
REA Group | REA | $241.48 | +7.7% | +54.6% |
SKS Technologies Group | SKS | $1.800 | +25.9% | +958.8% |
Tasmea | TEA | $3.03 | +16.5% | 0% |
Tryptamine Therapeutics | TYP | $0.054 | +184.2% | +239.1% |
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: Aristocrat Leisure (ASX: ALL), Commonwealth Bank of Australia (ASX: CBA), MFF Capital Investments (ASX: MFF), News Corporation (ASX: NWS), Nexgen Energy (ASX: NXG), Pro Medicus (ASX: PME), Qantas Airways (ASX: QAN), REA Group (ASX: REA).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Auckland International Airport | AIA | $6.54 | -3.5% | -9.2% |
Atlas Arteria | ALX | $4.82 | -2.0% | -16.8% |
Bapcor | BAP | $4.56 | -12.1% | -17.4% |
Champion Iron | CIA | $5.53 | -19.4% | -28.3% |
Cromwell Property Group | CMW | $0.390 | -8.2% | +4.0% |
Centuria Office Reit | COF | $1.170 | -8.9% | -4.9% |
Endeavour Group | EDV | $4.28 | -12.7% | -11.4% |
Fleetpartners Group | FPR | $2.94 | -6.1% | +12.2% |
Infomedia | IFM | $1.250 | -17.8% | -14.4% |
IPH | IPH | $5.27 | -7.2% | -24.5% |
Mineral Resources | MIN | $34.95 | -30.4% | -40.1% |
McMillan Shakespeare | MMS | $14.92 | -8.7% | -14.5% |
Monash IVF Group | MVF | $1.150 | -5.0% | -9.8% |
Nufarm | NUF | $3.66 | -3.2% | -17.0% |
Ramsay Health Care | RHC | $37.63 | -13.2% | -30.2% |
Rio Tinto | RIO | $113.66 | -6.9% | -5.6% |
Star Entertainment | SGR | $0.210 | -20.8% | -67.4% |
Transurban Group | TCL | $12.51 | -7.1% | -0.6% |
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: Auckland International Airport (ASX: AIA), Endeavour Group (ASX: EDV), Fleetpartners Group (ASX: FPR), Infomedia (ASX: IFM), Mineral Resources (ASX: MIN), Monash IVF Group (ASX: MVF), Nufarm (ASX: NUF), Ramsay Health Care (ASX: RHC), Rio Tinto (ASX: RIO), The Star Entertainment Group (ASX: SGR), Transurban Group (ASX: TCL).
Charts of each below:
ChartWatch Primer
For a detailed explanation of Carl's technical analysis methodology, be sure to check out this ChartWatch Primer.
Important considerations when using the ChartWatch Daily ASX Scans:
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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