ChartWatch ASX Scans: PLS Group, Elevra Lithium, Droneshield, Electro Optic Systems, Whitehaven Coal, Arafura Rare Earths
Your daily dose of the most actionable uptrends and downtrends on the ASX based on expert technical analysis.
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Mentioned
KEY POINTS
- Today’s most interesting uptrends: Ampol (ALD), Amcor (AMC), Dicker Data (DDR), Guzman Y Gomez (GYG), Starpharma (SPL), Viva Energy (VEA).
- Today’s most interesting downtrends: Arafura Rare Earths (ARU), Bannerman Energy (BMN), Droneshield (DRO), Elevra (ELV), Electro Optic Systems (EOS), Forrestania Resources (FRS), PLS Group (PLS), Silex (SLX), WA1 Resources (WA1), Whitehaven Coal (WHC).
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 my ChartWatch 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 % |
|---|---|---|---|---|
Ampol | ALD | $38.90 | +19.0% | +41.4% |
Amcor | AMC | $64.79 | +4.0% | -12.8% |
Ansell | ANN | $32.68 | +3.5% | +5.7% |
Bell Financial | BFG | $1.590 | +11.6% | +24.7% |
CH Long Wale Reit | CLW | $3.81 | +2.4% | -5.9% |
Bendigo & Adelaide Bank | BEN | $11.15 | +6.5% | -8.8% |
Charter Hall | CHC | $23.28 | +0.7% | +19.2% |
Commonwealth Bank | CBA | $178.78 | +9.3% | +3.4% |
Challenger | CGF | $10.54 | +7.2% | +33.1% |
Computershare | CPU | $40.55 | +10.1% | +1.1% |
Dicker Data | DDR | $12.56 | +2.9% | +43.1% |
State Street Global Real Estate ETF | DJRE | $23.47 | +2.4% | +9.8% |
Endeavour | EDV | $3.54 | +6.6% | -14.3% |
Guzman Y Gomez | GYG | $23.68 | +13.3% | -13.4% |
BetaShares Aus Shares High Yield ETF | HYLD | $34.13 | +2.2% | 0% |
Flight Centre Travel | FLT | $12.64 | +4.8% | -3.9% |
Inghams | ING | $2.29 | +8.5% | -33.6% |
GPT | GPT | $5.11 | +2.8% | +2.8% |
iShares Global Healthcare ETF | IXJ | $143.00 | -0.4% | +8.9% |
Medibank Private | MPL | $5.18 | +4.2% | +4.9% |
McMillan Shakespeare | MMS | $20.05 | +3.7% | +14.4% |
Vaneck Aus Banks ETF | MVB | $45.50 | +6.6% | +13.7% |
NIB | NHF | $7.58 | +8.1% | +3.6% |
BetaShares Aus Financials Sector ETF | QFN | $18.87 | +6.4% | +9.9% |
Perpetual | PPT | $20.18 | +32.7% | -1.3% |
QBE Insurance | QBE | $25.52 | +2.2% | +13.3% |
REA | REA | $162.99 | +17.6% | -30.0% |
Russell High Dividend Aus Shares ETF | RDV | $35.28 | +1.8% | +5.3% |
Ramsay Health Care | RHC | $43.40 | -1.6% | +12.4% |
Viva Energy | VEA | $2.65 | +29.3% | +14.7% |
Starpharma | SPL | $0.745 | +10.0% | +688.4% |
Vanguard Aus High Yield ETF | VHY | $85.30 | +2.2% | +13.4% |
Vanguard Aus Large Co's ETF | VLC | $92.03 | +3.0% | +8.0% |
Sonic Healthcare | SHL | $22.01 | +5.0% | -21.6% |
Suncorp | SUN | $19.54 | +2.5% | -3.8% |
Westpac Banking | WBC | $38.02 | +7.9% | +15.1% |
Woodside Energy | WDS | $32.29 | +15.4% | +23.2% |
Woolworths | WOW | $39.79 | -1.9% | +29.8% |
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: Ampol (ALD), Amcor (AMC), Dicker Data (DDR), Guzman Y Gomez (GYG), Starpharma (SPL), Viva Energy (VEA).
Feature Uptrend Charts:
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ChartWatch *LIVE* Webinar
ChartWatch *LIVE* Webinars – WEEKLY Wednesday's @ 12pm AEDT
Learn more about technical analysis and trend following through real case studies on ASX stocks. Australia's premier technical analyst, Carl Capolingua, shares his unique insights on stocks as requested by viewers. Ask about a company in your portfolio or anything related to trading and investing and get Carl's expert opinion.
Places are limited so >REGISTER NOW!<
Downtrends Scan List 📉
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.515 | -20.2% | -45.5% |
Aeris Resources | AIS | $0.360 | +1.4% | +71.4% |
Alkane Resources | ALK | $1.305 | -7.1% | +83.8% |
Arafura Rare Earths | ARU | $0.185 | -21.3% | -21.3% |
Bannerman Energy | BMN | $2.91 | -8.5% | -2.7% |
Droneshield | DRO | $1.805 | -22.5% | -40.4% |
Elevra Lithium | ELV | $7.48 | -22.7% | +107.8% |
Energy One | EOL | $10.28 | -18.7% | -20.9% |
Electro Optic Systems | EOS | $6.89 | -28.7% | +102.1% |
Forrestania Resources | FRS | $0.335 | -25.6% | +157.7% |
Lake Resources | LKE | $0.040 | -9.1% | -14.9% |
Larvotto Resources | LRV | $1.120 | -7.4% | +42.7% |
Lynas Rare Earths | LYC | $14.68 | -20.7% | +37.8% |
Mineral Resources | MIN | $53.10 | -14.6% | +64.3% |
Maritana Minerals | MRT | $0.615 | -4.7% | -16.3% |
Mayfield | MYG | $2.16 | -28.0% | +107.7% |
Novonix | NVX | $0.135 | -6.9% | -75.7% |
Nexgen Energy | NXG | $13.01 | -7.3% | +22.2% |
Nextdc | NXT | $13.23 | -9.3% | -5.7% |
Orthocell | OCC | $0.710 | -2.1% | -48.4% |
Paladin Energy | PDN | $9.15 | -2.9% | +23.8% |
PLS Group | PLS | $4.04 | -20.5% | +109.9% |
PMET Resources | PMT | $0.430 | -23.9% | -8.5% |
Premier Investments | PMV | $13.56 | -9.4% | -34.3% |
Rio Tinto | RIO | $159.53 | -8.4% | +34.2% |
Silex Systems | SLX | $4.50 | -15.9% | -5.5% |
Vulcan Energy Resources | VUL | $2.56 | -15.0% | -29.0% |
WA1 Resources | WA1 | $11.04 | -1.7% | -39.0% |
Weebit Nano | WBT | $4.68 | -42.2% | +112.7% |
Wildcat Resources | WC8 | $0.340 | -32.7% | +70.0% |
Whitehaven Coal | WHC | $7.13 | -10.5% | +2.6% |
WIA Gold | WIA | $0.395 | -13.2% | +41.1% |
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: Arafura Rare Earths (ARU), Bannerman Energy (BMN), Droneshield (DRO), Elevra Lithium (ELV), Energy One (EOL), Electro Optic Systems (EOS), Forrestania Resources (FRS), PLS Group (PLS), Premier Investments (PMV), Silex Systems (SLX), WA1 Resources (WA1), Whitehaven Coal (WHC), WIA Gold (WIA).
10 Randomly chosen Feature Downtrend Charts:
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Important considerations for 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 next trading today. 3. These lists are not exhaustive, they are carefully 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. 4. 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. 5. This is general, educational information only – so always do your own research!!!
