ChartWatch ASX Scans: Small cap mining bonanza! African Gold, Benz Mining, Caprice Resources, Dateline Resources, Torque Metals
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: Life360 (360), African Gold (A1G), Asara Resources (AS1), Balkan Mining (BMM), Bank of Queensland (BOQ), Beetaloo Energy (BTL), Vaneck China A50 ETF (CETF), Stockland (SGP), Suncorp Group (SUN), Westpac Banking (WBC).
- Interesting downtrends in today's Scans: Aurelia Metals (AMI), Avita Medical (AVH), Accent Group (AX1), CSL (CSL), G8 Education (GEM), GQG Partners (GQG), Inghams (ING), Jumbo Interactive (JIN), South32 (S32), Sims (SGM), Sonic Health (SHL), Yancoal (YAL).
If you've been following ChartWatch ASX Scans for a while, you're probably beginning to notice that the Feature charts in the Uptrends section look nearly the exact opposite to those in the Feature Downtrends Section. This is no coincidence.
I use a proprietary technical model to identify prospective uptrends and downtrends, programmed into a powerful trading software, that parses the daily price and volume data of every stock listed on the ASX to identify potential long and short candidates. The reason why the charts in the Uptrends section look the opposite of those in the Downtrends section, is because the criteria for each list is simply the mirror image of other.
Basically, I assume the same trend, price action, and candle characteristics that signal a strong demand-side controlled market, when inverted, must logically therefore signal a strong supply-side controlled market. The important bit is this: Uptrends, downtrends, success, or failure, it all comes down to price and volume alone – and therefore the model has zero consideration of the fundamentals.
And yet it works. Quite well, quite often! How about that.
In today's edition, I note that the ratio for Uptrends Scan List constituents to Downtrends Scan List constituents has swung sharply back towards equilibrium (2.5 to 1) – a modest down day on the ASX 200 punctuated by several major earnings misses will do that. This is, however, in many ways the best outcome for traders that can trade both long and short, as they are spoilt for choice.
On a more interesting note, I'm seeing an influx of smaller capitalisation mining stocks in today's edition, many returning from frequent appearances over the last few weeks, like African Gold (A1G), Beetaloo Energy Australia (BTL), Benz Mining Corp. (BNZ), Caprice Resources (CRS), Dateline Resources (DTR), and Torque Metals (TOR), to name a few.
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 % |
|---|---|---|---|---|
Life360 | 360 | $45.06 | +19.8% | +144.6% |
African Gold | A1G | $0.325 | +47.7% | +1103.7% |
Abacus Group | ABG | $1.250 | +6.8% | +15.7% |
ANZ Group | ANZ | $33.87 | +11.3% | +13.2% |
Asara Resources | AS1 | $0.063 | +12.5% | +472.7% |
Austal | ASB | $6.81 | +11.3% | +193.5% |
Beacon Minerals | BCN | $2.35 | +91.1% | +155.4% |
Broken Hill Mines | BHM | $0.550 | +22.2% | +79.6% |
Bisalloy Steel Group | BIS | $4.45 | +9.6% | +40.2% |
Balkan Mining and Minerals | BMM | $0.205 | +220.3% | +225.4% |
Benz Mining Corp. | BNZ | $1.250 | +140.4% | +987.0% |
Bank of Queensland | BOQ | $8.02 | +6.2% | +25.9% |
Beetaloo Energy Australia | BTL | $0.320 | +33.3% | +25.5% |
Cuscal Group | CCL | $3.67 | +17.3% | 0% |
Cash Converters | CCV | $0.355 | +9.2% | +61.4% |
Codan | CDA | $28.34 | +37.7% | +120.4% |
Vaneck FTSE China A50 ETF | CETF | $62.96 | +6.6% | +30.1% |
Charter Hall Group | CHC | $23.42 | +19.3% | +93.6% |
Centuria Industrial Reit | CIP | $3.42 | +11.0% | +11.4% |
Vaneck China New Economy ETF | CNEW | $8.26 | +12.7% | +57.3% |
Centuria Capital Group | CNI | $2.41 | +38.1% | +53.0% |
Caprice Resources | CRS | $0.077 | +30.5% | +108.1% |
Global X China Tech ETF | DRGN | $12.20 | +12.8% | 0% |
Dateline Resources | DTR | $0.225 | +60.7% | +2150.0% |
Emeco | EHL | $1.050 | +15.4% | +25.7% |
Eroad | ERD | $2.20 | +78.1% | +81.8% |
Fiducian Group | FID | $12.85 | +19.1% | +47.4% |
Forrestania Resources | FRS | $0.180 | +24.1% | +445.5% |
Fleetwood | FWD | $2.87 | +6.7% | +77.7% |
Generation Development | GDG | $6.29 | +15.0% | +141.4% |
Great Northern Minerals | GNM | $0.070 | +366.7% | +311.8% |
GPT Group | GPT | $5.54 | +10.4% | +18.6% |
Harvey Norman | HVN | $6.21 | +10.7% | +27.3% |
Kelsian Group | KLS | $3.96 | +3.9% | -23.4% |
Lindian Resources | LIN | $0.240 | +140.0% | +108.7% |
Macmahon | MAH | $0.430 | +43.3% | +36.5% |
Magellan Financial | MFG | $11.05 | +5.5% | +8.5% |
Medallion Metals | MM8 | $0.315 | +16.7% | +483.3% |
Many Peaks Minerals | MPK | $0.900 | +8.4% | +361.5% |
Metal Powder Works | MPW | $3.20 | +88.2% | -62.1% |
Nick Scali | NCK | $23.51 | +27.1% | +55.9% |
Orica | ORI | $21.97 | +3.0% | +19.5% |
Platinum Capital | PMC | $1.520 | +7.4% | +5.2% |
Pexa Group | PXA | $16.49 | +9.3% | +21.3% |
Rural Funds Group | RFF | $1.970 | +7.7% | -5.3% |
Region Group | RGN | $2.45 | +8.9% | +10.4% |
Resimac Group | RMC | $0.960 | +5.5% | +25.9% |
Rox Resources | RXL | $0.350 | +9.4% | +150.0% |
Ricegrowers | SGLLV | $15.63 | +40.6% | +84.1% |
Stockland | SGP | $6.40 | +18.1% | +40.0% |
SKS Technologies Group | SKS | $2.75 | +21.7% | +87.1% |
SRG Global | SRG | $1.935 | +16.2% | +123.7% |
Super Retail Group | SUL | $18.66 | +24.2% | +15.9% |
Suncorp Group | SUN | $21.82 | +6.8% | +23.4% |
Solvar | SVR | $1.680 | +9.1% | +48.0% |
Transurban Group | TCL | $14.79 | +8.8% | +10.2% |
The Lottery Corporation | TLC | $5.86 | +7.9% | +19.7% |
Talga Group | TLG | $0.525 | +10.5% | +25.0% |
Telstra Group | TLS | $5.05 | +3.1% | +27.2% |
Torque Metals. | TOR | $0.300 | +17.6% | +185.7% |
Titan Minerals | TTM | $0.420 | +31.3% | -9.7% |
Tuas | TUA | $7.69 | +51.4% | +81.8% |
Tyro Payments | TYR | $1.175 | +19.9% | +21.1% |
Vanguard Australian High Yield ETF | VHY | $79.46 | +5.2% | +8.9% |
West African Resources | WAF | $2.79 | +16.7% | +90.4% |
Westpac Banking Corporation | WBC | $38.98 | +17.1% | +28.6% |
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: Life360 (ASX: 360), African Gold (ASX: A1G), Asara Resources (ASX: AS1), Balkan Mining and Minerals (ASX: BMM), Bank of Queensland (ASX: BOQ), Beetaloo Energy Australia (ASX: BTL), Codan (ASX: CDA), Vaneck FTSE China A50 ETF (ASX: CETF), Centuria Capital Group (ASX: CNI), Caprice Resources (ASX: CRS), Global X China Tech ETF (ASX: DRGN), Dateline Resources (ASX: DTR), Emeco (ASX: EHL), Eroad (ASX: ERD), Fiducian Group (ASX: FID), Forrestania Resources (ASX: FRS), Great Northern Minerals (ASX: GNM), Lindian Resources (ASX: LIN), Magellan Financial Group (ASX: MFG), Metal Powder Works (ASX: MPW), Rox Resources (ASX: RXL), Ricegrowers (ASX: SGLLV), Stockland (ASX: SGP), SKS Technologies Group (ASX: SKS), SRG Global (ASX: SRG), Suncorp Group (ASX: SUN), Tuas (ASX: TUA), Westpac Banking Corporation (ASX: WBC).
10 Randomly chosen Feature Uptrend Charts:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Clinical Labs | ACL | $2.51 | -12.5% | -3.5% |
Amcor | AMC | $13.33 | -10.4% | -15.6% |
Aurelia Metals | AMI | $0.170 | -15.0% | -5.6% |
Austin Engineering | ANG | $0.315 | -13.7% | -50.0% |
Avita Medical | AVH | $1.450 | -24.9% | -47.3% |
Accent Group | AX1 | $1.365 | -8.7% | -39.3% |
Champion Iron | CIA | $4.19 | -20.3% | -27.6% |
CSL | CSL | $216.60 | -19.6% | -29.7% |
Dimerix | DXB | $0.455 | -17.3% | 0% |
G8 Education | GEM | $0.895 | 0% | -34.7% |
GQG Partners | GQG | $1.775 | -17.8% | -34.5% |
Guzman y Gomez | GYG | $23.70 | -14.3% | -25.7% |
Inghams Group | ING | $2.83 | -18.7% | -28.9% |
Ioneer | INR | $0.115 | -11.5% | -4.2% |
Jumbo Interactive | JIN | $10.28 | 0% | -33.6% |
Lindsay Australia | LAU | $0.735 | -3.3% | -18.8% |
Macquarie Technology | MAQ | $66.11 | -4.0% | -26.7% |
Nufarm | NUF | $2.51 | -8.1% | -36.5% |
Nuix | NXL | $2.17 | -12.9% | -54.5% |
Reliance Worldwide | RWC | $4.16 | -3.0% | -18.8% |
South32 | S32 | $2.84 | -9.0% | -5.6% |
Sims | SGM | $13.93 | -14.7% | +26.4% |
Sonic Healthcare | SHL | $24.60 | -13.1% | -10.7% |
Strike Energy | STX | $0.110 | -18.5% | -38.9% |
Wildcat Resources | WC8 | $0.165 | -17.5% | -40.0% |
Yancoal Australia | YAL | $5.43 | -17.2% | -8.7% |
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: Australian Clinical Labs (ASX: ACL), Aurelia Metals (ASX: AMI), Avita Medical (ASX: AVH), Accent Group (ASX: AX1), CSL (ASX: CSL), G8 Education (ASX: GEM), GQG Partners (ASX: GQG), Inghams Group (ASX: ING), Jumbo Interactive (ASX: JIN), South32 (ASX: S32), Sims (ASX: SGM), Sonic Healthcare (ASX: SHL), Yancoal Australia (ASX: YAL).
10 Randomly chosen Feature Downtrend charts:
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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'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!!!
