Technical Analysis

ChartWatch ASX Scans: Pantoro, Superloop, Yancoal, Mineral Resources, Pilbara Minerals, Temple & Webster

Mon 01 Jul 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Droneshield (DRO), Encounter Resources (ENR), EZZ Life Science (EZZ), Macquarie Technology (MAQ), Medadvisor (MDR), Pro Medicus (PME), Pantoro (PNR), Superloop (SLC), Spartan Resources (SPR), and Yancoal (YAL)
  • Interesting downtrends in today's Scan Lists: Ampol (ALD), Collins Foods (CKF), Corporate Travel Management (CTD), Domino's Pizza (DMP), IGO (IGO), Megaport (MP1), Pilbara Minerals (PLS), Seek (SEK), Stockland (SGP), and Temple & Webster Group (TPW)

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 %

Life360

360

$16.37

+8.4%

+132.9%

Actinogen Medical

ACW

$0.062

+148.0%

+45.4%

Austin Engineering

ANG

$0.580

+9.4%

+114.8%

Ansell

ANN

$26.55

+8.4%

+3.1%

BetaShares Asia Technology Tigers ETF

ASIA

$9.21

+4.4%

+26.2%

AUB Group

AUB

$31.69

+9.4%

+12.3%

Biome Australia

BIO

$0.580

+58.9%

+663.2%

Capitol Health

CAJ

$0.315

+31.3%

+12.5%

Commonwealth Bank of Australia

CBA

$127.38

+7.6%

+29.4%

Codan

CDA

$12.03

+13.2%

+63.0%

Clarity Pharmaceuticals

CU6

$5.42

+17.8%

+620.1%

Dalrymple Bay Infrastructure

DBI

$2.96

+4.6%

+11.7%

Droneshield

DRO

$1.720

+58.5%

+700.0%

BetaShares Global Healthcare Hedged ETF

DRUG

$8.81

+3.6%

+13.4%

Vaneck MSCI Multifactor EM Markets ETF

EMKT

$25.49

+2.0%

+17.6%

Encounter Resources

ENR

$0.740

+102.7%

+214.9%

EZZ Life Science

EZZ

$1.845

+95.2%

+229.5%

Genusplus Group

GNP

$2.01

+6.9%

+95.1%

GQG Partners

GQG

$2.83

+14.1%

+107.3%

BetaShares Global Cybersecurity ETF

HACK

$11.70

+3.3%

+30.6%

Hub24

HUB

$46.55

+11.8%

+84.6%

Insurance Australia Group

IAG

$7.14

+15.0%

+28.6%

iShares MSCI South Korea ETF

IKO

$103.76

+4.4%

+6.5%

Integrated Research

IRI

$0.930

+32.9%

+162.0%

Lycopodium

LYL

$12.79

+5.8%

+30.4%

Macro Metals

M4M

$0.039

+5.4%

+680.0%

Macmahon

MAH

$0.290

+3.6%

+114.8%

Macquarie Technology Group

MAQ

$94.57

+13.2%

+46.7%

Medadvisor

MDR

$0.500

+11.1%

+112.8%

MFF Capital Investments

MFF

$3.71

+5.1%

+42.7%

Magellan Global Fund

MGF

$2.26

+4.1%

+41.3%

Metro Mining

MMI

$0.047

+11.9%

+135.0%

Navigator Global Investments

NGI

$2.03

+15.3%

+72.4%

OFX Group

OFX

$2.21

+5.2%

+15.4%

Pacific Current Group

PAC

$11.08

+8.4%

+53.9%

Paragon Care

PGC

$0.440

+14.3%

+95.6%

Pro Medicus

PME

$143.26

+23.6%

+119.4%

Pantoro

PNR

$0.096

+6.7%

+37.1%

Retail Food Group

RFG

$0.080

+19.4%

+66.7%

Steadfast Group

SDF

$6.18

+13.2%

+3.5%

SG Fleet Group

SGF

$3.30

+11.1%

+48.6%

Superloop

SLC

$1.605

+13.8%

+174.4%

Spartan Resources

SPR

$0.985

+26.3%

+466.5%

SPDR S&P 500 Trust ETF

SPY

$826.54

+4.1%

+28.2%

Southern Cross Electrical Engineering

SXE

$1.730

+13.8%

+170.3%

Technology One

TNE

$18.60

+5.7%

+21.8%

Tuas

TUA

$4.42

+14.8%

+133.9%

BetaShares S&P 500 Yield Maximiser ETF

UMAX

$24.00

+3.8%

+15.3%

Wisetech Global

WTC

$100.30

+2.7%

+31.0%

Yancoal Australia

YAL

$6.62

+0.5%

+50.5%

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: Actinogen Medical (ASX: ACW), Biome Australia (ASX: BIO), Capitol Health (ASX: CAJ), Codan (ASX: CDA), Droneshield (ASX: DRO), Vaneck MSCI Multifactor EM Markets Equity ETF (ASX: EMKT), Encounter Resources (ASX: ENR), EZZ Life Science (ASX: EZZ), Genusplus Group (ASX: GNP), GQG Partners (ASX: GQG), BetaShares Global Cybersecurity ETF (ASX: HACK), Integrated Research (ASX: IRI), Macquarie Technology Group (ASX: MAQ), Medadvisor (ASX: MDR), Pacific Current Group (ASX: PAC), Pro Medicus (ASX: PME), Pantoro (ASX: PNR), Steadfast Group (ASX: SDF), Superloop (ASX: SLC), Spartan Resources (ASX: SPR), Tuas (ASX: TUA), BetaShares S&P 500 Yield Maximiser Fund ETF (ASX: UMAX), Yancoal Australia (ASX: YAL).

Charts of each below:

Actinogen Medical (ASX-ACW) chart 28 June 2024Biome Australia (ASX-BIO) chart 28 June 2024Capitol Health (ASX-CAJ) chart 28 June 2024Codan (ASX-CDA) chart 28 June 2024Droneshield (ASX-DRO) chart 28 June 2024Vaneck MSCI Multifactor EM Markets Equity ETF (ASX-EMKT) chart 28 June 2024Encounter Resources (ASX-ENR) chart 28 June 2024EZZ Life Science (ASX-EZZ) chart 28 June 2024Genusplus Group (ASX-GNP) chart 28 June 2024GQG Partners (ASX-GQG) chart 28 June 2024BetaShares Global Cybersecurity ETF (ASX-HACK) chart 28 June 2024Integrated Research (ASX-IRI) chart 28 June 2024Macquarie Technology Group (ASX-MAQ) chart 28 June 2024Medadvisor (ASX-MDR) chart 28 June 2024Pacific Current Group (ASX-PAC) chart 28 June 2024Pro Medicus (ASX-PME) chart 28 June 2024Pantoro (ASX-PNR) chart 28 June 2024Steadfast Group (ASX-SDF) chart 28 June 2024Superloop (ASX-SLC) chart 28 June 2024Tuas (ASX-TUA) chart 28 June 2024BetaShares S&P 500 Yield Maximiser Fund ETF (ASX-UMAX) chart 28 June 2024Yancoal Australia (ASX-YAL) chart 28 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Audinate Group

AD8

$15.83

+5.5%

+70.6%

Australian Finance Group

AFG

$1.380

-6.1%

-18.6%

Ampol

ALD

$32.34

-7.9%

+11.0%

APA Group

APA

$7.99

-5.4%

-19.5%

Eagers Automotive

APE

$10.52

+4.1%

-16.9%

Arafura Rare Earths

ARU

$0.175

-7.9%

-43.5%

Brickworks

BKW

$26.20

+1.0%

-3.9%

Brainchip

BRN

$0.220

-12.0%

-35.3%

BWP Trust

BWP

$3.46

-4.9%

-3.6%

Charter Hall Group

CHC

$11.18

-8.8%

+4.0%

Champion Iron

CIA

$6.40

-9.5%

+4.6%

Centuria Industrial Reit

CIP

$3.01

-4.1%

-3.2%

Collins Foods

CKF

$9.10

+0.6%

-1.6%

Charter Hall Long Wale Reit

CLW

$3.25

-6.1%

-18.8%

Cromwell Property Group

CMW

$0.390

-15.2%

-25.7%

Centuria Office Reit

COF

$1.105

-9.4%

-20.8%

Charter Hall Social Infrastructure Reit

CQE

$2.37

-2.9%

-18.3%

Charter Hall Retail Reit

CQR

$3.25

-1.2%

-11.2%

Corporate Travel Management

CTD

$13.26

-0.5%

-25.7%

Domino's Pizza Enterprises

DMP

$35.89

-3.3%

-18.0%

Deterra Royalties

DRR

$3.99

-14.4%

-11.9%

Dexus

DXS

$6.48

-4.3%

-17.2%

Ebos Group

EBO

$29.91

-9.0%

-11.2%

Endeavour Group

EDV

$5.05

+3.7%

-19.5%

Fortescue

FMG

$21.41

-16.3%

-2.5%

GDI Property Group

GDI

$0.560

-6.7%

-17.0%

Growthpoint Properties Australia

GOZ

$2.17

-9.6%

-23.1%

GPT Group

GPT

$4.00

-6.1%

-4.3%

Healthco Healthcare and Wellness Reit

HCW

$1.060

-7.4%

-20.9%

Homeco Daily Needs Reit

HDN

$1.160

-4.5%

-1.3%

Harvey Norman

HVN

$4.17

-4.4%

+28.3%

IDP Education

IEL

$15.15

-7.5%

-28.6%

IGO

IGO

$5.64

-22.7%

-61.6%

Iluka Resources

ILU

$6.55

-9.5%

-41.1%

Ioneer

INR

$0.150

-31.8%

-53.8%

James Hardie Industries

JHX

$47.30

+1.3%

+22.2%

Lifestyle Communities

LIC

$12.43

0%

-14.5%

Lendlease Group

LLC

$5.41

-11.2%

-24.1%

Latin Resources

LRS

$0.170

-32.0%

-29.2%

Arcadium Lithium

LTM

$4.93

-26.6%

0%

Liontown Resources

LTR

$0.905

-33.2%

-68.9%

Lynas Rare Earths

LYC

$5.93

-11.9%

-15.8%

Mirvac Group

MGR

$1.870

-4.1%

-16.1%

Mineral Resources

MIN

$53.92

-26.8%

-23.8%

Monadelphous Group

MND

$12.84

-5.6%

+11.5%

Megaport

MP1

$11.22

-20.0%

+65.0%

Metcash

MTS

$3.54

-5.1%

-1.7%

Monash IVF Group

MVF

$1.285

-11.4%

+11.7%

NIB

NHF

$7.35

+1.1%

-12.2%

Nufarm

NUF

$4.60

+3.1%

-6.9%

OOH!Media

OML

$1.350

-5.3%

+17.9%

Pilbara Minerals

PLS

$3.07

-20.9%

-36.4%

Perpetual

PPT

$21.31

-2.2%

-16.2%

Region Group

RGN

$2.10

-0.9%

-8.3%

Rio Tinto

RIO

$119.00

-8.2%

+3.8%

Regis Resources

RRL

$1.755

-8.6%

-6.6%

Reliance Worldwide Corporation

RWC

$4.52

-4.0%

+12.4%

Seek

SEK

$21.36

-3.8%

-0.7%

Sims

SGM

$10.30

-3.6%

-32.1%

Stockland

SGP

$4.17

-7.3%

+3.2%

Talga Group

TLG

$0.580

-15.9%

-59.3%

Temple & Webster Group

TPW

$9.39

-5.2%

+80.9%

Vicinity Centres

VCX

$1.850

-2.6%

+1.4%

Viva Energy Group

VEA

$3.15

-8.7%

+7.1%

Waypoint Reit

WPR

$2.17

-10.3%

-17.5%

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: Ampol (ASX: ALD), Collins Foods (ASX: CKF), Corporate Travel Management (ASX: CTD), Domino's Pizza Enterprises (ASX: DMP), Healthco Healthcare and Wellness Reit (ASX: HCW), IGO (ASX: IGO), Megaport (ASX: MP1), Pilbara Minerals (ASX: PLS), Seek (ASX: SEK), Stockland (ASX: SGP), Temple & Webster Group (ASX: TPW).

Charts of each below:

Ampol (ASX-ALD) chart 28 June 2024Collins Foods (ASX-CKF) chart 28 June 2024Corporate Travel Management (ASX-CTD) chart 28 June 2024Domino-s Pizza Enterprises (ASX-DMP) chart 28 June 2024Healthco Healthcare and Wellness Reit (ASX-HCW) chart 28 June 2024IGO (ASX-IGO) chart 28 June 2024Megaport (ASX-MP1) chart 28 June 2024Pilbara Minerals (ASX-PLS) chart 28 June 2024Seek (ASX-SEK) chart 28 June 2024Stockland (ASX-SGP) chart 28 June 2024Temple & Webster Group (ASX-TPW) chart 28 June 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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