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/ChartWatch ASX Scans: Warning signs for Fortescue, PME, GMG and PDN vs golden trends in EVN, NEM and PRU
Technical Analysis
ChartWatch ASX Scans: Warning signs for Fortescue, PME, GMG and PDN vs golden trends in EVN, NEM and PRU
Mon 31 Mar 25, 9:30am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Andean Silver (ASL), Black Cat Syndicate (BC8), Caprice Resources (CRS), Evolution Mining (EVN), Koonenberry Gold (KNB), Meeka Metals (MEK), Newmont (NEM), New Murchison Gold (NMG), Perseus Mining (PRU), Telstra (TLS)
- Interesting downtrends in today's Scans: Chrysos Corp (C79), Car (CAR), Chalice Mining (CHN), Fortescue (FMG), Goodman Group (GMG), Johns Lyng (JLG), Nextdc (NXT), Paladin Energy (PDN), Pro Medicus (PME), Siteminder (SDR), Seek (SEK), 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.
It's a bumper list of potential longs and shorts today with an amazing 28 Feature Uptrend charts 📈 and an equally impressive 15 Feature Downtrend charts 📉. Gold stocks are plentiful in the uptrends, but I note several appearances of insurance and infrastructure stocks. In the downtrends, you'll find plenty of technology, uranium, and lithium fallen heroes.
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 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 % |
Australian Ethical Investment | AEF | $5.95 | -4.0% | +21.9% |
AMA Group | AMA | $0.060 | +15.4% | +11.8% |
APA Group | APA | $7.96 | +5.6% | -4.6% |
Andean Silver | ASL | $1.345 | +29.3% | +284.3% |
Ausgold | AUC | $0.560 | +24.4% | +80.6% |
Aurum Resources | AUE | $0.395 | +46.3% | +71.7% |
Black Cat Syndicate | BC8 | $0.940 | +9.3% | +358.5% |
Commonwealth Bank of Australia | CBA | $150.43 | -3.7% | +26.8% |
Capricorn Metals | CMM | $8.15 | +3.4% | +65.0% |
Coles Group | COL | $19.70 | -3.3% | +18.5% |
Caprice Resources | CRS | $0.086 | +65.4% | +177.4% |
Dalrymple Bay Infrastructure/Notes | DBI | $3.86 | +1.0% | +43.0% |
Global X Physical Precious Metal Basket | ETPMPM | $287.98 | +6.7% | +38.4% |
Evolution Mining | EVN | $7.20 | +14.3% | +105.7% |
BetaShares FTSE 100 ETF | F100 | $13.61 | +2.7% | +17.6% |
Fleetwood | FWD | $2.55 | +22.0% | +70.0% |
Global X Physical Gold ETF | GOLD | $45.20 | +6.7% | +47.3% |
Kingsgate Consolidated | KCN | $1.535 | +14.6% | +29.5% |
Koonenberry Gold | KNB | $0.045 | +40.6% | +19.4% |
Meeka Metals | MEK | $0.150 | +15.4% | +328.6% |
Medibank Private | MPL | $4.51 | +2.0% | +22.6% |
Newmont Corporation | NEM | $77.82 | +12.8% | +50.3% |
NIB | NHF | $6.86 | +1.6% | -10.3% |
New Murchison Gold | NMG | $0.017 | +54.5% | +209.1% |
Ora Banda Mining | OBM | $1.130 | +22.2% | +318.5% |
Orthocell | OCC | $1.575 | +16.7% | +293.8% |
Predictive Discovery | PDI | $0.395 | +14.5% | +71.7% |
Perseus Mining | PRU | $3.34 | +10.6% | +59.8% |
QBE Insurance Group | QBE | $22.64 | +4.3% | +26.5% |
Regis Healthcare | REG | $6.88 | +2.7% | +69.9% |
Regis Resources | RRL | $3.90 | +18.9% | +109.1% |
Rox Resources | RXL | $0.340 | +41.7% | +113.8% |
Shape Australia Corporation | SHA | $3.25 | +6.6% | +72.4% |
Spartan Resources | SPR | $1.940 | +47.5% | +233.8% |
SSR Mining | SSR | $17.70 | +5.0% | +191.6% |
Turaco Gold | TCG | $0.395 | +16.2% | +139.4% |
Telstra Group | TLS | $4.23 | +2.9% | +12.5% |
Vysarn | VYS | $0.490 | +19.5% | +104.2% |
West African Resources | WAF | $2.39 | +36.2% | +119.3% |
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), Andean Silver (ASX: ASL), Ausgold (ASX: AUC), Aurum Resources (ASX: AUE), Black Cat Syndicate (ASX: BC8), Caprice Resources (ASX: CRS), Dalrymple Bay Infrastructure/Notes (ASX: DBI), Global X Physical Precious Metal Basket (ASX: ETPMPM), Evolution Mining (ASX: EVN), Fleetwood (ASX: FWD), Global X Physical Gold ETF (ASX: GOLD), Koonenberry Gold (ASX: KNB), Meeka Metals (ASX: MEK), Medibank Private (ASX: MPL), Newmont Corporation (ASX: NEM), NIB (ASX: NHF), New Murchison Gold (ASX: NMG), Ora Banda Mining (ASX: OBM), Predictive Discovery (ASX: PDI), Perseus Mining (ASX: PRU), QBE Insurance Group (ASX: QBE), Regis Healthcare (ASX: REG), Regis Resources (ASX: RRL), Spartan Resources (ASX: SPR), SSR Mining (ASX: SSR), Turaco Gold (ASX: TCG), Telstra Group (ASX: TLS), Vysarn (ASX: VYS).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
29METALS | 29M | $0.175 | +6.1% | -63.9% |
4DMEDICAL | 4DX | $0.290 | -29.3% | -52.8% |
Alcoa Corporation | AAI | $50.61 | -5.1% | 0% |
Audinate Group | AD8 | $6.44 | -31.0% | -69.2% |
Adairs | ADH | $2.18 | -10.7% | -15.2% |
Amotiv | AOV | $9.17 | -9.2% | -22.9% |
Appen | APX | $1.075 | -34.7% | +72.0% |
ARB Corporation | ARB | $33.07 | -16.2% | -19.9% |
Boss Energy | BOE | $2.45 | -6.5% | -48.7% |
Brainchip | BRN | $0.215 | -16.5% | -34.8% |
Chrysos Corporation | C79 | $4.12 | -13.4% | -40.3% |
Car Group | CAR | $32.34 | -13.9% | -10.1% |
Coast Entertainment | CEH | $0.420 | -9.7% | -19.2% |
Chalice Mining | CHN | $1.210 | -20.9% | +7.6% |
Cromwell Property Group | CMW | $0.365 | -8.8% | -14.1% |
Coronado Global Resources | CRN | $0.345 | -37.8% | -70.9% |
Cettire | CTT | $0.870 | -20.9% | -78.8% |
Clarity Pharmaceuticals | CU6 | $2.22 | -37.8% | -24.5% |
Domino's Pizza Enterprises | DMP | $26.79 | -4.4% | -37.4% |
Fortescue | FMG | $16.01 | -6.6% | -36.5% |
Goodman Group | GMG | $29.29 | -8.8% | -11.9% |
Iluka Resources | ILU | $4.09 | -4.4% | -41.6% |
Jumbo Interactive | JIN | $10.42 | -9.7% | -38.3% |
Johns Lyng Group | JLG | $2.18 | -23.0% | -63.8% |
Kelsian Group | KLS | $2.70 | -14.0% | -52.5% |
Lifestyle Communities | LIC | $8.18 | -2.7% | -46.1% |
Maas Group | MGH | $3.68 | -6.6% | -18.2% |
Novonix | NVX | $0.480 | +4.3% | -45.5% |
Nuix | NXL | $3.20 | -14.9% | +46.8% |
Nextdc | NXT | $11.69 | -14.1% | -32.8% |
Orora | ORA | $1.800 | -16.7% | -31.8% |
Paladin Energy | PDN | $5.42 | -22.6% | -61.7% |
Peninsula Energy | PEN | $0.685 | -23.9% | -70.7% |
Pro Medicus | PME | $201.80 | -23.3% | +100.5% |
Patriot Battery Metals | PMT | $0.290 | +5.5% | -69.1% |
Polynovo | PNV | $1.195 | -19.0% | -43.1% |
PWR Holdings | PWH | $6.76 | -13.9% | -41.6% |
Pexa Group | PXA | $11.20 | -1.7% | -16.7% |
Siteminder | SDR | $4.48 | -17.5% | -19.6% |
Seek | SEK | $22.30 | -7.2% | -9.8% |
Viva Energy Group | VEA | $1.755 | -1.4% | -52.8% |
Wisetech Global | WTC | $80.05 | -14.8% | -16.4% |
Xero | XRO | $155.86 | -11.7% | +16.8% |
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: 4DMEDICAL (ASX: 4DX), Amotiv (ASX: AOV), Chrysos Corporation (ASX: C79), Car Group (ASX: CAR), Chalice Mining (ASX: CHN), Fortescue (ASX: FMG), Goodman Group (ASX: GMG), Johns Lyng Group (ASX: JLG), Nextdc (ASX: NXT), Paladin Energy (ASX: PDN), Pro Medicus (ASX: PME), Pexa Group (ASX: PXA), Siteminder (ASX: SDR), Seek (ASX: SEK), 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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