ChartWatch ASX Scans: Warning signs for Amcor, ASX, Endeavour, Inghams, Monash IVF, NextDC, Reece, Sonic Health, Worley & Xero
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.

Source: Shutterstock
Mentioned
KEY POINTS
- Interesting uptrends in today's Scans: A2 Milk (A2M), Broken Hill Mines (BHM), Coles (COL), Clinuvel (CUV), Catalyst Metals (CYL), Firefly Metals (FFM), Gateway Mining (GML), Iperionx (IPX), Kinatico (KYP), Star Minerals (SMS), West Coast Silver (WCE).
- Interesting downtrends in today's Scans: Amcor (AMC), ASX (ASX), Avita Medical (AVH), Endeavour Group (EDV), Inghams (ING), Monash IVF (MVF), Nextdc (NXT), Peninsula Energy (PEN), Reece (REH), Star (SGR), Sonic Healthcare (SHL), Worley (WOR), Xero (XRO).
Every day in ChartWatch Daily ASX Scans, I tend to bang on about all the amazing uptrends. As investors, our first priority is to find stocks that are about to rise in price... Right? 🤔
Sure, but if that's your only goal, then you're missing out on half the opportunity (and half the fun). This is because last time I checked (you can check too), stock prices go up and down. The kicker is – when they go down – they can move a whole lot faster than when they go up. Take last week's plunges in James Hardie (JHX), and CSL (CSL) for example 💥💥.
Well, today I'd like to highlight the excellent work ChartWatch Daily ASX Scans also does on the downside, that is, identifying the strongest and most prospective downtrends the ASX has to offer. Today, quite literally, because our exchange operator, ASX Group (ASX) is a Feature Downtrend.
Many like to short Downtrends Scan List constituents, and while I will leave the investigation of short selling to your own endeavours (pun intended because Endeavour Group (EDV) is also a Feature Downtrend today!!!), suffice it to say – the goal is to make a profit from a falling share price.
If you are that way inclined (and if you're not – half the opportunity and half the fun – remember!), then there's a veritable smorgasbord of opportunity in the Downtrends Scan List today. Many have been in that list for some time, and have seen their share prices tumble accordingly, but each remains a picture of supply-side control 📉✅.
FYI, today's edition of ChartWatch Daily ASX Scans features 72 Uptrends Scan List constituents and 25 the Downtrends Scan List constituents, further narrowed down to 27 Feature Uptrends and 18 Feature Downtrends. Enjoy! 🍴
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 % |
|---|---|---|---|---|
A2 Milk Company | A2M | $9.17 | +14.5% | +55.4% |
Amplitude Energy | AEL | $0.270 | +8.0% | +31.7% |
Australian Finance Group | AFG | $2.54 | +17.6% | +69.3% |
Amotiv | AOV | $9.91 | +11.5% | -5.2% |
Austal | ASB | $6.97 | +14.6% | +207.0% |
BetaShares Asia Tech Tigers ETF | ASIA | $12.71 | +4.4% | +41.9% |
BetaShares Australian Technology ETF | ATEC | $33.29 | +3.0% | +27.0% |
Barton Gold | BGD | $0.830 | +17.7% | +245.8% |
Broken Hill Mines | BHM | $0.595 | +45.1% | +103.5% |
Bioxyne | BXN | $0.057 | +16.3% | +1040.0% |
Cobram Estate Olives | CBO | $3.19 | +30.2% | +91.0% |
Codan | CDA | $30.60 | +47.9% | +112.5% |
Vaneck FTSE China A50 ETF | CETF | $64.16 | +9.4% | +31.9% |
Capricorn Metals | CMM | $10.18 | +12.4% | +72.3% |
Vaneck China New Economy ETF | CNEW | $8.38 | +12.2% | +61.5% |
Centuria Capital Group | CNI | $2.43 | +37.3% | +45.1% |
Coles Group | COL | $22.50 | +10.6% | +22.0% |
Capstone Copper Corp. | CSC | $10.85 | +21.9% | +4.3% |
Clinuvel Pharmaceuticals | CUV | $13.70 | +13.1% | +3.9% |
Catalyst Metals | CYL | $7.45 | +57.5% | +282.1% |
Decidr Ai Industries | DAI | $0.700 | +44.3% | +70.7% |
Global X China Tech ETF | DRGN | $12.60 | +15.8% | 0% |
Data#3 | DTL | $8.62 | +12.2% | +4.2% |
Dateline Resources | DTR | $0.265 | +112.0% | +2844.4% |
Deep Yellow | DYL | $1.700 | +3.3% | +65.0% |
Global X Physical Silver ETF | ETPMAG | $55.49 | +3.0% | +36.7% |
Fineos Corporation | FCL | $3.02 | +14.4% | +116.5% |
Firefly Metals | FFM | $1.240 | +10.2% | +55.0% |
Forrestania Resources | FRS | $0.185 | +37.0% | +478.1% |
Gemlife Communities | GLF | $4.65 | +10.7% | 0% |
Gateway Mining | GML | $0.045 | +66.7% | +80.0% |
Graincorp | GNC | $8.10 | +8.0% | -3.6% |
Humm Group | HUM | $0.630 | +7.7% | -11.3% |
Integral Diagnostics | IDX | $3.05 | +12.1% | +19.1% |
iShares Emerging Markets ETF | IEM | $78.27 | +2.8% | +20.9% |
Ingenia Communities Group | INA | $6.20 | +17.9% | +16.5% |
Iperionx | IPX | $7.01 | +13.2% | +230.7% |
iShares S&P/ASX Small Ords ETF | ISO | $5.40 | +6.7% | +16.4% |
iShares China Large-Cap ETF | IZZ | $60.31 | +3.2% | +55.4% |
Kelsian Group | KLS | $4.76 | +24.9% | -7.2% |
Kinatico | KYP | $0.285 | +16.3% | +185.0% |
Liberty Financial Group | LFG | $4.45 | +15.6% | +29.1% |
Lovisa | LOV | $36.41 | +9.5% | -1.8% |
Macmahon | MAH | $0.430 | +43.3% | +28.4% |
MFF Capital Investments | MFF | $4.72 | +4.4% | +22.9% |
Metals X | MLX | $0.625 | +2.5% | +56.3% |
BetaShares Global Gold Miners ETF | MNRS | $10.84 | +12.6% | +63.2% |
Megaport | MP1 | $16.19 | +10.4% | +73.7% |
Metal Powder Works | MPW | $3.59 | +105.1% | -55.8% |
Mithril Resources | MTH | $0.580 | +18.4% | +427.3% |
Motorcycle Holdings | MTO | $3.64 | +8.7% | +195.9% |
Vaneck Small Companies ETF | MVS | $22.06 | +8.1% | +12.0% |
Nanosonics | NAN | $4.73 | +19.1% | +72.0% |
Nanoveu | NVU | $0.094 | +27.0% | +235.7% |
Pantoro | PNR | $4.44 | +20.7% | +137.4% |
Perpetual | PPT | $22.08 | +7.1% | +5.6% |
Platinum Asset Management | PTM | $0.835 | +32.5% | +8.6% |
Siteminder | SDR | $5.45 | +10.3% | +4.2% |
Seek | SEK | $27.98 | +15.2% | +28.8% |
Ricegrowers | SGLLV | $15.80 | +40.4% | +85.9% |
St George Mining | SGQ | $0.042 | +2.4% | +90.9% |
BetaShares Au Small Co's ETF | SMLL | $4.11 | +10.8% | +11.7% |
Star Minerals | SMS | $0.064 | +137.0% | +80.5% |
SRG Global | SRG | $1.960 | +21.0% | +106.3% |
Sunrise Energy Metals | SRL | $1.865 | +55.4% | +344.0% |
Tyro Payments | TYR | $1.170 | +19.4% | +21.9% |
Vanguard FTSE Asia EX Japan ETF | VAE | $91.31 | +3.1% | +23.6% |
Vault Minerals | VAU | $0.520 | +36.8% | +40.5% |
Warriedar Resources | WA8 | $0.160 | +14.3% | +166.7% |
West Coast Silver | WCE | $0.250 | +56.3% | +278.8% |
Global X Copper Miners ETF | WIRE | $14.99 | +7.5% | +16.8% |
Woolworths Group | WOW | $33.42 | +8.2% | -4.9% |
Zip Co. | ZIP | $4.12 | +29.6% | +90.7% |
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: The A2 Milk Company (ASX: A2M), Australian Finance Group (ASX: AFG), Amotiv (ASX: AOV), Broken Hill Mines (ASX: BHM), Codan (ASX: CDA), Coles Group (ASX: COL), Clinuvel Pharmaceuticals (ASX: CUV), Catalyst Metals (ASX: CYL), Decidr Ai Industries (ASX: DAI), Data#3 (ASX: DTL), Fineos Corporation (ASX: FCL), Firefly Metals (ASX: FFM), Forrestania Resources (ASX: FRS), Gemlife Communities (ASX: GLF), Gateway Mining (ASX: GML), Integral Diagnostics (ASX: IDX), Ingenia Communities Group (ASX: INA), Iperionx (ASX: IPX), Kinatico (ASX: KYP), Liberty Financial Group (ASX: LFG), Megaport (ASX: MP1), Star Minerals (ASX: SMS), SRG Global (ASX: SRG), Vault Minerals (ASX: VAU), Warriedar Resources (ASX: WA8), West Coast Silver (ASX: WCE), Zip Co. (ASX: ZIP).
10 Randomly chosen Feature Uptrend Charts:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Amcor | AMC | $13.04 | -12.5% | -19.4% |
Aurelia Metals | AMI | $0.180 | -5.3% | +2.9% |
Austin Engineering | ANG | $0.315 | -14.9% | -49.2% |
Appen | APX | $0.880 | -24.1% | -23.8% |
ASX | ASX | $61.71 | -12.1% | -0.5% |
Avita Medical | AVH | $1.420 | -19.8% | -47.4% |
Centaurus Metals | CTM | $0.345 | -12.7% | 0% |
Endeavour Group | EDV | $4.03 | -1.9% | -26.3% |
Eureka Group | EGH | $0.520 | -7.1% | +0.3% |
G8 Education | GEM | $0.865 | -6.0% | -33.5% |
Healthco Health & Wellness Reit | HCW | $0.735 | -7.0% | -39.0% |
Inghams Group | ING | $2.75 | -20.5% | -28.9% |
Monash IVF Group | MVF | $0.670 | -16.8% | -46.8% |
Nextdc | NXT | $13.99 | -3.0% | -20.7% |
Peninsula Energy | PEN | $0.330 | -40.7% | -78.3% |
Reece | REH | $10.89 | -20.0% | -58.1% |
The Star Entertainment | SGR | $0.100 | -13.0% | -78.7% |
Sonic Healthcare | SHL | $23.84 | -15.5% | -14.7% |
Skycity Entertainment Group | SKC | $0.620 | -29.4% | -53.4% |
Stanmore Resources | SMR | $1.960 | -14.4% | -39.3% |
Spark New Zealand | SPK | $2.26 | -1.3% | -42.3% |
Seven West Media | SWM | $0.140 | -6.7% | -12.5% |
Worley | WOR | $12.61 | -4.9% | -12.5% |
Xero | XRO | $164.05 | -8.3% | +13.6% |
Yancoal Australia | YAL | $5.47 | -13.6% | -5.0% |
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: Amcor (ASX: AMC), ASX (ASX: ASX), Avita Medical (ASX: AVH), Endeavour Group (ASX: EDV), Healthco Healthcare and Wellness Reit (ASX: HCW), Inghams Group (ASX: ING), Monash IVF Group (ASX: MVF), Nextdc (ASX: NXT), Peninsula Energy (ASX: PEN), Reece (ASX: REH), The Star Entertainment Group (ASX: SGR), Sonic Healthcare (ASX: SHL), Skycity Entertainment Group (ASX: SKC), Stanmore Resources (ASX: SMR), Spark New Zealand (ASX: SPK), Seven West Media (ASX: SWM), Worley (ASX: WOR), Xero (ASX: XRO).
10 Randomly chosen Feature Downtrend Charts:
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!!!

