ChartWatch ASX Scans: Tech stocks are back in a big way: EML, HUB, MP1, NWL, OCL, RUL, TNE, XRO
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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KEY POINTS
- Interesting uptrends in today's Scans: Cedar Woods (CWP), Develop Global (DVP), EML Payments (EML), Hub24 (HUB), Megaport (MP1), Netwealth (NWL), Regis Healthcare (REG), Southern Cross Media (SXL), Technology One (TNE), Universal Store (UNI).
- Interesting downtrends in today's Scans: Chalice Mining (CHN), Judo Capital (JDO), Skycity Entertainment Group (SKC).
As President Trump walks-back more policy initiatives, he does appear to at the very least be making American tech stocks great again. This is having a similar positive impact on local tech stocks, of which I note several have made a big comeback in today's Uptrends Scan List.
In that list, you'll find EML Payments (EML), Hub24 (HUB), Megaport (MP1), Netwealth Group (NWL), Objective Corporation (OCL), Rpmglobal (RUL), Technology One (TNE), and Xero (XRO) – a small but concise list of quality uptrends.
As Aussie stocks climb to their best level in 11 weeks, there are unfortunately few shorts to choose from (or fortunately depending on your opinion!). I note that today's cohort (a grand total of four) is an odd bunch of mining, financial, and entertainment/gaming stocks.
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 % |
|---|---|---|---|---|
Adairs | ADH | $2.66 | +32.3% | +38.5% |
Australian Finance Group | AFG | $1.900 | +20.6% | +27.1% |
Aurelia Metals | AMI | $0.315 | +57.5% | +65.8% |
Bluescope Steel | BSL | $23.75 | +19.9% | +6.6% |
Cuscal Group | CCL | $2.71 | +13.4% | 0% |
Codan | CDA | $17.08 | +26.5% | +53.3% |
Cedar Woods Properties | CWP | $6.67 | +32.1% | +45.0% |
Catalyst Metals | CYL | $6.21 | +3.8% | +597.8% |
Develop Global | DVP | $3.60 | +74.8% | +53.8% |
EML Payments | EML | $1.030 | +27.2% | +1.5% |
Generation Development Group | GDG | $4.96 | +20.1% | +125.5% |
GDI Property Group | GDI | $0.705 | +13.7% | +16.5% |
Hub24 | HUB | $83.04 | +44.6% | +103.4% |
Monadelphous Group | MND | $17.09 | +19.5% | +25.4% |
Megaport | MP1 | $12.56 | +40.2% | -13.1% |
Nanosonics | NAN | $4.90 | +5.8% | +67.2% |
Netwealth Group | NWL | $30.51 | +34.9% | +51.3% |
Objective Corporation | OCL | $17.41 | +22.3% | +41.7% |
Pepper Money | PPM | $1.685 | +32.2% | +18.7% |
Regis Healthcare | REG | $7.74 | +21.5% | +92.5% |
Rpmglobal | RUL | $2.95 | +20.4% | +16.6% |
Supply Network | SNL | $40.15 | +14.7% | +95.7% |
Southern Cross Media Group | SXL | $0.760 | +26.7% | -19.6% |
Technology One | TNE | $32.29 | +24.8% | +100.2% |
Universal Store | UNI | $8.64 | +25.9% | +55.4% |
Xero | XRO | $174.38 | +18.7% | +38.6% |
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: Cedar Woods Properties (ASX: CWP), Develop Global (ASX: DVP), EML Payments (ASX: EML), Hub24 (ASX: HUB), Megaport (ASX: MP1), Netwealth Group (ASX: NWL), Regis Healthcare (ASX: REG), Rpmglobal (ASX: RUL), Southern Cross Media Group (ASX: SXL), Technology One (ASX: TNE), Universal Store (ASX: UNI).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Chalice Mining | CHN | $1.080 | +30.1% | -25.0% |
Judo Capital | JDO | $1.375 | -13.5% | 0% |
Patriot Battery Metals | PMT | $0.240 | +23.1% | -69.6% |
Skycity Entertainment Group | SKC | $0.955 | -10.3% | -37.8% |
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: Chalice Mining (ASX: CHN), Judo Capital (ASX: JDO), Skycity Entertainment Group (ASX: SKC).
Charts of each below:
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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 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.
