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Technical Analysis
/ChartWatch ASX Scans: Warning signs for CBA, EDV, JHX. LOV, QBE, WTC as charts dip into downtrends
Technical Analysis
ChartWatch ASX Scans: Warning signs for CBA, EDV, JHX. LOV, QBE, WTC as charts dip into downtrends
Thu 20 Mar 25, 9:30am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: US Bear ETF (BBUS), Australian Bear ETF (BEAR), Droneshield (DRO), Gold ETF (GOLD), China Large-Cap ETF (IZZ), Larvotto Resources (LRV), Metro Mining (MMI), QBE (QBE), Sovereign Metals (SVM), Syrah Resources (SYR).
- Interesting downtrends in today's Scans: Accent (AX1), Aurizon (AZJ), Commonwealth Bank of Australia (CBA), Endeavour (EDV), Humm (HUM), James Hardie (JHX), Lovisa (LOV), Scentre Group (SCG), Siteminder (SDR), Webjet (WJL), Wisetech Global (WTC).
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.
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Almonty Industries | AII | $2.33 | +16.5% | +247.8% |
Ausgold | AUC | $0.550 | +17.0% | +83.3% |
BetaShares US EQY Strong Bear - CH ETF | BBUS | $5.00 | +20.5% | -15.1% |
BetaShares Australian Equities Bear ETF | BEAR | $8.18 | +7.9% | +1.7% |
*ERROR TICKER NOT FOUND* | DFND | $29.73 | +14.2% | 0% |
Droneshield | DRO | $1.145 | +90.8% | +63.6% |
Duratec | DUR | $1.650 | -5.2% | +39.8% |
Global X Physical Precious Metal Basket | ETPMPM | $281.80 | +4.0% | +35.2% |
Fletcher Building | FBU | $3.02 | +6.7% | -20.7% |
Global X Physical Gold ETF | GOLD | $44.00 | +4.1% | +44.7% |
iShares China Large-Cap ETF | IZZ | $59.94 | +7.0% | +64.7% |
Larvotto Resources | LRV | $0.960 | +9.7% | +1500.0% |
Metro Mining | MMI | $0.061 | +8.9% | +117.9% |
Newmont Corporation | NEM | $75.58 | +2.3% | +48.6% |
QBE Insurance Group | QBE | $21.93 | +8.7% | +24.9% |
Sovereign Metals | SVM | $0.980 | +22.5% | +106.3% |
Southern Cross Gold | SX2 | $4.06 | +12.8% | 0% |
Syrah Resources | SYR | $0.315 | +28.6% | -42.7% |
Telstra Group | TLS | $4.12 | +5.9% | +7.6% |
Unico Silver | USL | $0.250 | +16.3% | +150.0% |
Vanguard All-World Ex-US Shares Index ETF | VEU | $98.99 | +2.0% | +11.4% |
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: Almonty Industries (ASX: AII), BetaShares US EQY Strong Bear - CH ETF (ASX: BBUS), BetaShares Australian Equities Bear ETF (ASX: BEAR), Droneshield (ASX: DRO), Global X Physical Gold ETF (ASX: GOLD), iShares China Large-Cap ETF (ASX: IZZ), Larvotto Resources (ASX: LRV), Metro Mining (ASX: MMI), QBE Insurance Group (ASX: QBE), Sovereign Metals (ASX: SVM), Southern Cross Gold (ASX: SX2), Syrah Resources (ASX: SYR).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Ampol | ALD | $23.88 | -15.1% | -37.4% |
ARB Corporation | ARB | $33.49 | -16.0% | -18.3% |
Arena Reit. | ARF | $3.50 | -11.4% | -0.3% |
Accent Group | AX1 | $1.760 | -17.8% | -12.4% |
Aurizon | AZJ | $3.04 | -4.7% | -20.8% |
Chrysos Corporation | C79 | $4.22 | -15.6% | -35.7% |
Commonwealth Bank of Australia | CBA | $142.77 | -12.2% | +23.6% |
Charter Hall Long Wale Reit | CLW | $3.73 | -5.3% | -0.8% |
Coronado Global Resources | CRN | $0.465 | -25.6% | -61.9% |
Corporate Travel Management | CTD | $14.05 | -6.3% | -17.4% |
Clarity Pharmaceuticals | CU6 | $2.65 | -21.6% | -3.3% |
Cedar Woods Properties | CWP | $5.20 | -4.2% | +8.6% |
Domino's Pizza Enterprises | DMP | $26.40 | -19.2% | -39.1% |
DUG Technology | DUG | $1.060 | -18.5% | -55.8% |
Endeavour Group | EDV | $3.93 | -11.7% | -25.0% |
Goodman Group | GMG | $30.73 | -12.8% | -0.7% |
GPT Group | GPT | $4.28 | -10.1% | -2.9% |
HMC Capital | HMC | $7.20 | -33.8% | +2.0% |
Humm Group | HUM | $0.505 | -23.5% | +1.0% |
Inghams Group | ING | $3.08 | -6.1% | -10.5% |
Iperionx | IPX | $3.17 | -32.3% | +42.2% |
James Hardie Industries | JHX | $48.76 | -3.2% | -18.0% |
Kogan.Com | KGN | $4.58 | -1.1% | -45.5% |
Lovisa | LOV | $24.27 | -19.0% | -23.1% |
Macmahon | MAH | $0.260 | -16.1% | +20.9% |
Magellan Financial Group | MFG | $7.64 | -23.8% | -20.3% |
National Storage Reit | NSR | $2.10 | -7.9% | -12.5% |
Nuix | NXL | $3.22 | -37.0% | +52.6% |
Pinnacle Investment Management Group | PNI | $17.90 | -29.5% | +56.7% |
Platinum Asset Management | PTM | $0.540 | -28.5% | -38.3% |
Qube | QUB | $3.75 | -8.8% | +15.4% |
Reece | REH | $15.65 | -28.5% | -44.1% |
Resmed Inc | RMD | $34.54 | -5.9% | +18.5% |
Regal Partners | RPL | $2.77 | -30.2% | -3.5% |
Reliance Worldwide Corporation | RWC | $4.61 | -10.7% | -18.1% |
Scentre Group | SCG | $3.23 | -12.0% | -3.3% |
Siteminder | SDR | $4.47 | -30.9% | -21.2% |
Smartgroup Corporation | SIQ | $6.91 | -10.4% | -25.1% |
Skycity Entertainment Group | SKC | $1.090 | -18.4% | -38.2% |
Silex Systems | SLX | $3.91 | -23.2% | -13.1% |
Stanmore Resources | SMR | $2.26 | -10.7% | -30.0% |
SRG Global | SRG | $1.165 | -16.5% | +54.3% |
Southern Cross Electrical Engineering | SXE | $1.480 | -4.5% | +64.4% |
Tabcorp | TAH | $0.605 | -6.2% | -16.6% |
WEB Travel Group | WEB | $4.41 | -12.0% | -31.0% |
Webjet | WJL | $0.560 | -26.8% | 0% |
Waypoint Reit | WPR | $2.32 | -5.3% | -5.3% |
Wisetech Global | WTC | $82.81 | -33.3% | -14.3% |
Yancoal Australia | YAL | $5.21 | -7.3% | -2.3% |
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: Arena Reit. (ASX: ARF), Accent Group (ASX: AX1), Aurizon (ASX: AZJ), Chrysos Corporation (ASX: C79), Commonwealth Bank of Australia (ASX: CBA), Coronado Global Resources (ASX: CRN), Endeavour Group (ASX: EDV), Humm Group (ASX: HUM), James Hardie Industries (ASX: JHX), Lovisa (ASX: LOV), Nuix (ASX: NXL), Pinnacle Investment Management Group (ASX: PNI), Platinum Asset Management (ASX: PTM), Regal Partners (ASX: RPL), Scentre Group (ASX: SCG), Siteminder (ASX: SDR), Smartgroup Corporation (ASX: SIQ), WEB Travel Group (ASX: WEB), Webjet (ASX: WJL), Wisetech Global (ASX: WTC).
Charts of each below:
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.
Carl has over 30-year's investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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