ChartWatch ASX Scans: Rally hots up with APA, BEN, CYL, DYL, GMD, JBH, REA, SGP, XRO
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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One could say that with another deluge of Uptrends Scan List constituents, the rally in the Australian stock market is hotting up 🔥. Add in the fact that there are also so few valid downtrends, and it seems the fear and despair of the correction are in the distant past.
There are just so many stocks now in uptrends, or transitioning back into uptrends, that it's beginning to feel like a bull market again. I note one important difference – prior to the March-April correction – even on the way up there were still plenty of shorts to choose from. There was a weak underbelly leading into the last downturn that isn't anywhere near as apparent today.
That's a good sign of confidence among investors – they're still buying the good stuff from pre-correction times – and are now seemingly hunting for bargains across everything else.
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.
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 % |
|---|---|---|---|---|
African Gold | A1G | $0.135 | +53.4% | +352.6% |
Abacus Group | ABG | $1.235 | +13.3% | +6.5% |
Atlas Arteria | ALX | $5.22 | +6.5% | -2.8% |
AMA Group | AMA | $0.079 | +33.9% | +47.2% |
APA Group | APA | $8.51 | +5.6% | +0.2% |
Autosports Group | ASG | $2.31 | +24.9% | -10.8% |
Ausgold | AUC | $0.635 | +17.6% | +135.2% |
Aurum Resources | AUE | $0.460 | +31.4% | +61.4% |
Bendigo and Adelaide Bank | BEN | $11.64 | +14.6% | +19.0% |
Barton Gold | BGD | $0.565 | +56.9% | +82.3% |
Brightstar Resources | BTR | $0.625 | +25.0% | +47.1% |
BWP Trust | BWP | $3.73 | +5.7% | +4.2% |
Capral | CAA | $10.73 | +10.5% | +10.1% |
Charter Hall Long Wale Reit | CLW | $4.01 | +9.0% | +17.3% |
COG Financial Services | COG | $1.440 | +16.6% | +21.5% |
Catalyst Metals | CYL | $6.32 | +9.9% | +579.6% |
Develop Global | DVP | $3.49 | +47.3% | +47.3% |
Dexus | DXS | $7.60 | +7.2% | +8.0% |
Deep Yellow | DYL | $1.335 | +45.9% | -17.3% |
Elsight | ELS | $0.485 | +44.8% | +31.1% |
Emerald Resources | EMR | $4.63 | +21.2% | +39.5% |
Energy One | EOL | $13.00 | +20.6% | +225.8% |
Firetrail Aust Small Companies Fund ETF | FSML | $1.805 | +11.8% | 0% |
Genesis Minerals | GMD | $4.35 | +21.8% | +154.4% |
Gentrack Group | GTK | $11.59 | +21.2% | +54.5% |
Helia Group | HLI | $5.06 | +24.6% | +44.7% |
Ingenia Communities Group | INA | $5.84 | +7.6% | +27.2% |
Inghams Group | ING | $3.79 | +20.3% | +0.5% |
JB HI-FI | JBH | $103.39 | +13.1% | +74.4% |
Nick Scali | NCK | $18.37 | +22.4% | +22.3% |
Omni Bridgeway | OBL | $1.730 | +24.0% | +50.4% |
Ora Banda Mining | OBM | $1.170 | +14.1% | +277.4% |
Origin Energy | ORG | $10.99 | +11.8% | +12.1% |
Pepper Money | PPM | $1.660 | +19.9% | +10.7% |
Perenti | PRN | $1.415 | +14.1% | +49.7% |
REA Group | REA | $250.08 | +11.9% | +39.1% |
Resolute Mining | RSG | $0.605 | +40.7% | +45.8% |
Stealth Group | SGI | $0.900 | +25.0% | +260.0% |
Stockland | SGP | $5.72 | +13.9% | +28.5% |
Singular Health Group | SHG | $0.335 | +48.9% | +191.3% |
Smart Parking | SPZ | $0.945 | +33.1% | +97.6% |
SRG Global | SRG | $1.370 | +14.6% | +66.1% |
Southern Cross Gold | SX2 | $5.74 | +19.6% | 0% |
Transurban Group | TCL | $14.55 | +6.3% | +16.3% |
Technology One | TNE | $31.94 | +26.0% | +100.9% |
Titomic | TTT | $0.290 | +31.8% | +383.3% |
Vaneck Bitcoin ETF | VBTC | $31.14 | +16.0% | 0% |
Vicinity Centres | VCX | $2.46 | +10.3% | +28.8% |
Waypoint Reit | WPR | $2.69 | +11.6% | +14.0% |
Xero | XRO | $167.94 | +15.4% | +33.8% |
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: APA Group (ASX: APA), Ausgold (ASX: AUC), Aurum Resources (ASX: AUE), Brightstar Resources (ASX: BTR), COG Financial Services (ASX: COG), Deep Yellow (ASX: DYL), Energy One (ASX: EOL), Genesis Minerals (ASX: GMD), Inghams Group (ASX: ING), Omni Bridgeway (ASX: OBL), Resolute Mining (ASX: RSG), Stealth Group (ASX: SGI), Stockland (ASX: SGP), Singular Health Group (ASX: SHG), SRG Global (ASX: SRG), Southern Cross Gold (ASX: SX2),
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Champion Iron | CIA | $4.54 | +4.4% | -35.1% |
Coronado Global Resources | CRN | $0.170 | -37.0% | -85.8% |
CSL | CSL | $239.92 | -5.3% | -12.9% |
Cettire | CTT | $0.450 | -28.0% | -84.8% |
Domino's Pizza Enterprises | DMP | $24.77 | -1.4% | -35.6% |
Skycity Entertainment Group | SKC | $0.970 | -15.7% | -37.4% |
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: Coronado Global Resources (ASX: CRN), Cettire (ASX: CTT), Domino's Pizza Enterprises (ASX: DMP).
Charts of each below:
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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.
