Technical Analysis

ChartWatch ASX Scans: Pro Medicus, Perenti, Redox, Solvar, Telix Pharma, Westgold, Ampol, Clinuvel Pharma, Newmont, Ramsay Health, Sayona

Thu 19 Dec 24, 9:00am (AEDT)
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Stocks in article

acdc
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ann
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asia
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cbo
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kgn
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pbh
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pme
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pni
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pps
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prn
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qan
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rdx
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rhc
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svr
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tlx
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Key Points

  • Interesting uptrends in today's Scans: Cobram Estate (CBO), Kogan.Com (KGN), Nick Scali (NCK), Orthocell (OCC), Pro Medicus (PME), Perenti (PRN), Qantas (QAN), Redox (RDX), Solvar (SVR), Telix (TLX), Temple & Webster (TPW), Westgold (WGX).
  • Interesting downtrends in today's Scans: Coronado (CRN), Clinuvel (CUV), Domain (DHG), Elders (ELD), IDP Education (IEL), Lifestyle Communities (LIC), Liontown (LTR), MinRes (MIN), Newmont (NEM), Ramsay Health (RHC), Stanmore (SMR), Sayona (SYA).

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 %

Global X Battery Tech & Lithium ETF

ACDC

$87.17

+5.6%

-1.6%

Ansell

ANN

$33.68

+2.7%

+34.6%

BetaShares Asia Technology Tigers ETF

ASIA

$10.20

+6.1%

+32.8%

BetaShares Global Shares ETF

BGBL

$73.83

+5.6%

+30.4%

Cobram Estate Olives

CBO

$2.12

+9.3%

+26.2%

Vaneck MSCI Multifactor EM Markets Equity ETF

EMKT

$26.36

+5.3%

+23.1%

Global X Physical Gold ETF

GOLD

$38.81

+4.5%

+38.5%

BetaShares Global Cybersecurity ETF

HACK

$14.39

+12.2%

+32.5%

Hyperion Global Growth Companies Fund ETF

HYGG

$7.08

+14.0%

+58.0%

Kogan.Com

KGN

$6.11

+26.8%

+12.7%

Loftus Peak Global Disruption Fund ETF

LPGD

$5.43

+9.3%

+45.2%

Nick Scali

NCK

$15.59

+10.7%

+30.1%

Orthocell

OCC

$1.255

+99.2%

+213.8%

Pointsbet

PBH

$1.015

+6.8%

+136.4%

Pro Medicus

PME

$263.02

+23.7%

+181.5%

Pinnacle Investment Management Group

PNI

$24.18

+14.1%

+143.0%

Praemium

PPS

$0.775

+25.0%

+103.9%

Perenti

PRN

$1.360

+12.9%

+32.0%

Qantas Airways

QAN

$9.22

+2.8%

+70.4%

BetaShares Global Robotics and Artificial Intelligence ETF

RBTZ

$15.14

+5.4%

+19.5%

Redox

RDX

$4.02

-0.7%

+71.1%

Solvar

SVR

$1.640

+26.2%

+36.1%

Telix Pharmaceuticals

TLX

$25.74

+11.8%

+145.8%

Temple & Webster Group

TPW

$13.88

+18.6%

+52.7%

Westgold Resources

WGX

$3.24

+17.4%

+45.9%

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: Global X Battery Tech & Lithium ETF (ASX: ACDC), BetaShares Asia Technology Tigers ETF (ASX: ASIA), BetaShares Global Shares ETF (ASX: BGBL), Cobram Estate Olives (ASX: CBO), Vaneck MSCI Multifactor EM Markets Equity ETF (ASX: EMKT), Hyperion Global Growth Companies Fund ETF (ASX: HYGG), Kogan.Com (ASX: KGN), Loftus Peak Global Disruption Fund ETF (ASX: LPGD), Nick Scali (ASX: NCK), Orthocell (ASX: OCC), Pro Medicus (ASX: PME), Perenti (ASX: PRN), Qantas Airways (ASX: QAN), BetaShares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ), Redox (ASX: RDX), Solvar (ASX: SVR), Telix Pharmaceuticals (ASX: TLX), Temple & Webster Group (ASX: TPW), Westgold Resources (ASX: WGX).

Charts of each below:

BetaShares Asia Technology Tigers ETF (ASX-ASIA) chart 18 December 2024BetaShares Global Robotics and Artificial Intelligence ETF (ASX-RBTZ) chart 18 December 2024BetaShares Global Shares ETF (ASX-BGBL) chart 18 December 2024Cobram Estate Olives (ASX-CBO) chart 18 December 2024Global X Battery Tech & Lithium ETF (ASX-ACDC) chart 18 December 2024Hyperion Global Growth Companies Fund ETF (ASX-HYGG) chart 18 December 2024Kogan.Com (ASX-KGN) chart 18 December 2024Loftus Peak Global Disruption Fund ETF (ASX-LPGD) chart 18 December 2024Nick Scali (ASX-NCK) chart 18 December 2024Orthocell (ASX-OCC) chart 18 December 2024Perenti (ASX-PRN) chart 18 December 2024Pro Medicus (ASX-PME) chart 18 December 2024Qantas Airways (ASX-QAN) chart 18 December 2024Redox (ASX-RDX) chart 18 December 2024Solvar (ASX-SVR) chart 18 December 2024Telix Pharmaceuticals (ASX-TLX) chart 18 December 2024Temple & Webster Group (ASX-TPW) chart 18 December 2024Vaneck MSCI Multifactor EM Markets Equity ETF (ASX-EMKT) chart 18 December 2024Westgold Resources (ASX-WGX) chart 18 December 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Ampol

ALD

$26.71

-8.7%

-23.7%

APA Group

APA

$7.01

-2.1%

-20.9%

Bellevue Gold

BGL

$1.215

-6.5%

-28.1%

BHP Group

BHP

$40.27

-0.1%

-18.5%

Boss Energy

BOE

$2.35

-23.0%

-41.5%

Credit Corp Group

CCP

$15.17

-14.3%

-3.9%

Champion Iron

CIA

$5.65

+3.5%

-26.5%

Coronado Global Resources

CRN

$0.780

-18.3%

-54.3%

Capstone Copper Corp.

CSC

$9.98

-9.3%

0%

Corporate Travel Management

CTD

$13.49

-6.9%

-29.0%

Clinuvel Pharmaceuticals

CUV

$12.00

-11.9%

-27.3%

Dicker Data

DDR

$8.33

-4.8%

-31.6%

Domain Australia

DHG

$2.49

-12.0%

-23.1%

Dexus

DXS

$6.71

-4.0%

-12.9%

Elders

ELD

$7.22

-6.4%

-2.9%

Emerald Resources

EMR

$3.54

-1.9%

+24.6%

Homeco Daily Needs Reit

HDN

$1.170

-6.8%

-6.8%

IDP Education

IEL

$11.85

-12.6%

-41.2%

Kelsian Group

KLS

$3.61

-8.4%

-46.5%

Lifestyle Communities

LIC

$8.37

-4.6%

-55.7%

Liontown Resources

LTR

$0.550

-32.1%

-62.1%

Meteoric Resources

MEI

$0.082

-21.9%

-60.0%

Mirvac Group

MGR

$1.950

-8.5%

-7.1%

Mineral Resources

MIN

$34.40

-1.3%

-48.5%

Newmont Corporation

NEM

$62.46

-4.3%

+2.1%

Neuren Pharmaceuticals

NEU

$12.90

-12.8%

-18.1%

NIB

NHF

$5.47

-4.9%

-25.2%

Novonix

NVX

$0.600

-25.0%

-4.0%

Orora

ORA

$2.35

-7.1%

-7.8%

Reece

REH

$23.42

-5.7%

+8.3%

Ramsay Health Care

RHC

$35.59

-7.8%

-29.5%

Seek

SEK

$23.84

-9.8%

-5.1%

Stanmore Resources

SMR

$2.99

-4.8%

-21.1%

Sayona Mining

SYA

$0.025

-28.6%

-54.5%

Syrah Resources

SYR

$0.180

-21.7%

-68.6%

Wildcat Resources

WC8

$0.200

-25.9%

-73.3%

Woodside Energy Group

WDS

$23.55

-4.1%

-23.0%

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: Ampol (ASX: ALD), Credit Corp Group (ASX: CCP), Coronado Global Resources (ASX: CRN), Clinuvel Pharmaceuticals (ASX: CUV), Domain Australia (ASX: DHG), Elders (ASX: ELD), IDP Education (ASX: IEL), Lifestyle Communities (ASX: LIC), Liontown Resources (ASX: LTR), Mirvac Group (ASX: MGR), Mineral Resources (ASX: MIN), Newmont Corporation (ASX: NEM), NIB (ASX: NHF), Ramsay Health Care (ASX: RHC), Stanmore Resources (ASX: SMR), Sayona Mining (ASX: SYA)..

Charts of each below:

Ampol (ASX-ALD) chart 18 December 2024Clinuvel Pharmaceuticals (ASX-CUV) chart 18 December 2024Coronado Global Resources (ASX-CRN) chart 18 December 2024Credit Corp Group (ASX-CCP) chart 18 December 2024Domain Australia (ASX-DHG) chart 18 December 2024Elders (ASX-ELD) chart 18 December 2024IDP Education (ASX-IEL) chart 18 December 2024Lifestyle Communities (ASX-LIC) chart 18 December 2024Liontown Resources (ASX-LTR) chart 18 December 2024Mineral Resources (ASX-MIN) chart 18 December 2024Mirvac Group (ASX-MGR) chart 18 December 2024Newmont Corporation (ASX-NEM) chart 18 December 2024NIB (ASX-NHF) chart 18 December 2024Ramsay Health Care (ASX-RHC) chart 18 December 2024Sayona Mining (ASX-SYA) chart 18 December 2024Stanmore Resources (ASX-SMR) chart 18 December 2024

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.

 

Written By

Carl Capolingua

Content Editor

Carl has over 30-year's 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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