ChartWatch ASX Scans: Qantas, Telstra, Wesfarmers, IDP Education, HMC Capital, Wisetech Global, Xero, Telix Pharmaceuticals
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Interesting uptrends in today's scans: APA Group (APA), TPG Telecom (TPG).
- Interesting downtrends in today's scans: Audinate (AD8), Alliance Aviation (AQZ), Bank of Qld (BOQ), Flight Centre (FLT), JB HI-FI (JBH), Qantas (QAN), Ramsay Health (RHC), Telix (TLX), Treasury Wine (TWE), Wesfarmers (WES), Wisetech (WTC), Xero (XRO).
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Following on from Thursday's Uptrends Scan List record low of 13 – for only 1 Feature Uptrend – today's edition is 8 and 2. So, the glass either half empty: i.e., a mind-blowing just 8 stocks that my technical analysis model deems worthy of potentially adding risk (i.e., "+R") – or it's half full, because at 2 – that's double Thursday's "high conviction" cohort of 1! 🤦
Jokes aside ladies and gentlemen, because the present state of affairs: 8 Uptrends Scan List constituents vs 68 Downtrends List Constituents is a bit of an emergency – that's a bear market kind of skew we're talking... ⚠️🐻.
Hey, I don't make the charts go up and down – that's strictly the domain of D vs S = P – but I do apply my model ruthlessly and without bias. So, if there's a bunch of charts that demonstrate decisive supply-side control – then there's going to be a very long Downtrends Scan List on that day. Think of this as me saying, "Don't kill the messenger, folks!".
But it's not like this situation just happened today, Monday 10 November. Nope, if you had been paying attention to the relative lengths of the Uptrends vs Downtrends Scan Lists – it's been clear for weeks now that a growing number of stocks were moving into well defined downtrends. And, as they say in the classics, "to be forewarned is to be forearmed".
Tell me, what did you do with your warning!? 🤔
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 % |
|---|---|---|---|---|
AIC Mines | A1M | $0.475 | +8.0% | +33.8% |
APA Group | APA | $9.35 | +3.8% | +35.3% |
Metcash | MTS | $3.92 | +3.7% | +28.9% |
Regis Healthcare | REG | $7.70 | +17.2% | +18.1% |
Sims | SGM | $16.09 | +15.9% | +28.1% |
Symal Group | SYL | $2.44 | +11.9% | 0% |
Telstra Group | TLS | $5.00 | +3.7% | +29.2% |
TPG Telecom | TPG | $5.65 | +4.6% | +25.3% |
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: APA Group (ASX: APA), TPG Telecom (ASX: TPG).
Feature Uptrend Charts:
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Downtrends Scan List 📉
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Audinate Group | AD8 | $4.22 | -31.4% | -54.4% |
Adairs | ADH | $1.980 | -21.7% | -22.0% |
Aristocrat Leisure | ALL | $62.62 | -8.0% | +0.3% |
Austin Engineering | ANG | $0.195 | -41.8% | -62.5% |
Appen | APX | $0.685 | -20.3% | -66.6% |
Alliance Aviation Services | AQZ | $1.450 | -30.6% | -46.7% |
ARB Corp. | ARB | $35.09 | -11.3% | -15.6% |
Arena Reit. | ARF | $3.62 | -5.7% | -9.7% |
Accent Group | AX1 | $1.195 | -9.5% | -48.5% |
Bapcor | BAP | $2.28 | -27.4% | -50.4% |
Boss Energy | BOE | $1.685 | -14.7% | -47.0% |
Bank of Queensland | BOQ | $6.80 | -6.5% | +5.8% |
Canyon Resources | CAY | $0.165 | -32.7% | +10.0% |
Credit Corp Group | CCP | $13.65 | -9.4% | -19.2% |
Computershare | CPU | $35.17 | -3.6% | +32.3% |
Clinuvel Pharmaceuticals | CUV | $10.77 | -13.4% | -21.6% |
Digico Infrastructure Reit | DGT | $2.61 | -12.7% | 0% |
Ebos Group | EBO | $24.81 | -4.3% | -24.2% |
Elders | ELD | $6.69 | -7.9% | -20.4% |
EML Payments | EML | $0.895 | -9.6% | +39.8% |
Flight Centre Travel Group | FLT | $11.46 | -1.6% | -26.8% |
Findi | FND | $1.810 | -30.4% | -70.9% |
GQG Partners | GQG | $1.435 | -10.6% | -45.4% |
Gentrack Group | GTK | $7.46 | -9.9% | -15.0% |
HMC Capital | HMC | $3.10 | +0.3% | -69.2% |
Insurance Australia Group | IAG | $7.86 | -6.0% | +6.4% |
Integral Diagnostics | IDX | $2.47 | -9.9% | -16.3% |
IDP Education | IEL | $4.74 | -28.2% | -66.2% |
JB HI-FI | JBH | $96.74 | -15.4% | +21.4% |
James Hardie Industries | JHX | $26.12 | -20.0% | -45.6% |
Jumbo Interactive | JIN | $10.19 | +0.5% | -23.0% |
Karoon Energy | KAR | $1.535 | -0.6% | +10.4% |
Lifestyle Communities | LIC | $5.09 | -15.3% | -40.3% |
Magellan Financial Group | MFG | $9.35 | -10.3% | -7.8% |
McMillan Shakespeare | MMS | $15.85 | -6.9% | +8.0% |
Myer Holdings | MYR | $0.385 | -15.4% | -56.3% |
Nickel Industries | NIC | $0.670 | -17.8% | -27.2% |
Nufarm | NUF | $2.05 | -9.3% | -47.2% |
Netwealth Group | NWL | $29.52 | -4.4% | +4.2% |
News Corp. Class B | NWS | $46.35 | +0.6% | +4.6% |
Nuix | NXL | $2.10 | -31.4% | -71.2% |
Objective Corp. | OCL | $17.96 | -9.2% | +10.3% |
OFX Group | OFX | $0.565 | -35.1% | -58.0% |
OOH!Media | OML | $1.260 | -13.7% | +3.3% |
Pmet Resources | PMT | $0.335 | -24.7% | -11.8% |
Premier Investments | PMV | $17.56 | -4.6% | -28.4% |
Pinnacle Investment Management | PNI | $17.44 | -5.7% | -13.8% |
Polynovo | PNV | $1.195 | -18.4% | -40.5% |
Perpetual | PPT | $18.85 | -5.6% | -7.0% |
Qantas Airways | QAN | $9.51 | -13.4% | +17.2% |
Reece | REH | $10.96 | -2.1% | -51.6% |
Ramsay Health Care | RHC | $30.85 | -4.6% | -21.4% |
Regal Partners | RPL | $2.61 | -20.7% | -28.1% |
Reliance Worldwide Corp. | RWC | $3.92 | -3.0% | -24.2% |
SGH | SGH | $46.58 | -6.9% | +10.0% |
The Star Entertainment Group | SGR | $0.085 | -12.4% | -82.8% |
Select Harvests | SHV | $3.65 | -6.2% | +4.6% |
Supply Network | SNL | $33.14 | -5.6% | +9.7% |
Washington H. Soul Pattinson | SOL | $37.52 | -2.7% | +14.9% |
Spark New Zealand | SPK | $2.01 | -4.7% | -24.7% |
Suncorp Group | SUN | $19.51 | -5.5% | +11.7% |
Telix Pharmaceuticals | TLX | $15.01 | -2.6% | -33.0% |
Treasury Wine Estates | TWE | $5.76 | -16.3% | -48.9% |
Web Travel Group | WEB | $3.90 | -10.6% | -3.2% |
Wesfarmers | WES | $80.77 | -6.8% | +23.4% |
Wisetech Global | WTC | $66.17 | -22.6% | -44.2% |
Xero | XRO | $141.74 | -8.1% | -5.7% |
Block | XYZ | $95.12 | -22.6% | -13.8% |
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: Audinate Group (ASX: AD8), Aristocrat Leisure (ASX: ALL), Austin Engineering (ASX: ANG), Appen (ASX: APX), Alliance Aviation Services (ASX: AQZ), Accent Group (ASX: AX1), Bapcor (ASX: BAP), Bank of Queensland (ASX: BOQ), Credit Corp Group (ASX: CCP), Computershare (ASX: CPU), Ebos Group (ASX: EBO), Elders (ASX: ELD), Flight Centre Travel Group (ASX: FLT), Findi (ASX: FND), Gentrack Group (ASX: GTK), HMC Capital (ASX: HMC), Insurance Australia Group (ASX: IAG), IDP Education (ASX: IEL), JB HI-FI (ASX: JBH), Lifestyle Communities (ASX: LIC), Magellan Financial Group (ASX: MFG), McMillan Shakespeare (ASX: MMS), Myer Holdings (ASX: MYR), Nickel Industries (ASX: NIC), Nufarm (ASX: NUF), OOH!Media (ASX: OML), Pmet Resources (ASX: PMT), Premier Investments (ASX: PMV), Pinnacle Investment Management (ASX: PNI), Polynovo (ASX: PNV), Qantas Airways (ASX: QAN), Reece (ASX: REH), Ramsay Health Care (ASX: RHC), Regal Partners (ASX: RPL), Reliance Worldwide Corp. (ASX: RWC), SGH (ASX: SGH), The Star Entertainment Group (ASX: SGR), Select Harvests (ASX: SHV), Supply Network (ASX: SNL), Washington H. Soul Pattinson (ASX: SOL), Spark New Zealand (ASX: SPK), Suncorp Group (ASX: SUN), Telix Pharmaceuticals (ASX: TLX), Treasury Wine Estates (ASX: TWE), Web Travel Group (ASX: WEB), Wesfarmers (ASX: WES), Wisetech Global (ASX: WTC), Xero (ASX: XRO), Block (ASX: XYZ).
10 Randomly chosen Feature Downtrend Charts:
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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!!!
