ChartWatch ASX Scans: Westpac, Commonwealth Bank, ANZ, Megaport, Life360, A2 Milk, Champion Iron, CSL, Treasury Wine Estates
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), A2 Milk (A2M), Aroa Biosurgery (ARX), Commonwealth Bank (CBA), Champion Iron (CIA), Megaport (MP1), Navigator Global (NGI), Starpharma (SPL), Smart Parking (SPZ), Westpac Banking Corp. (WBC).
- Interesting downtrends in today's scans: Appen (APX), Accent (AX1), Bapcor (BAP), Car (CAR), CSL (CSL), Develop Global (DVP), IDP Education (IEL), Kogan.Com (KGN), McMillan Shakespeare (MMS), Nuix (NXL), Sonic Healthcare (SHL), Treasury Wine Estates (TWE).
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Hmmm... the fewest number of Uptrends Scan List constituents since 3-Sep, and the second lowest since I began keeping records on list lengths back in August. Also, a higher number of Downtrends Scan Lists constituents, plus Feature Charts are also skewed towards downtrends at 19 to 13.
Now, it's worth noting that the 3-Sep candle on the ASX 200 was a bleeding great big black one with a close on the session's low. Fortunately, however, it marked the low point of a correction from the-then 9055 high. Let's hope history repeats – because the current skew towards the short-side is most inconsistent with healthy market action!
But!!! Consider which stocks are appearing in that Uptrends Scan List – 3 of the 4 big banks in ANZ, CBA and WBC... and NAB didn't miss out by much. Together, they carry a significant amount of clout when it comes to index points – so it's possible that breadth metrics remain lousy as they are now, yet the ASX 200 still manages to rise!
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. You can also watch these videos 📺 in which I perform live analysis of ASX stocks as requested by viewers, including detailed explanations of how my methodology works.
How to use the Uptrends & Downtrends lists, and Feature Chart lists
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 | $51.36 | -7.4% | +129.8% |
The A2 Milk Company | A2M | $9.62 | +8.6% | +67.3% |
ANZ Group Holdings | ANZ | $36.96 | +8.1% | +18.4% |
Aroa Biosurgery | ARX | $0.795 | +18.7% | +32.5% |
Autosports Group | ASG | $4.23 | +26.6% | +74.1% |
BetaShares Asia Technology Tigers ETF | ASIA | $15.25 | +4.0% | +54.7% |
Blinklab | BB1 | $0.780 | +52.9% | +169.0% |
Chrysos Corp. | C79 | $8.41 | +7.4% | +61.7% |
Commonwealth Bank of Australia. | CBA | $175.54 | +3.0% | +22.8% |
Champion Iron | CIA | $5.70 | +17.3% | -3.2% |
CZR Resources | CZR | $0.355 | +34.0% | +36.5% |
Fenix Resources | FEX | $0.540 | +17.4% | +96.4% |
iShares MSCI South Korea ETF | IKO | $156.16 | +20.7% | +65.8% |
Megaport | MP1 | $17.71 | +11.7% | +149.1% |
Navigator Global Investments | NGI | $2.71 | +24.9% | +60.4% |
Nexgen Energy | NXG | $15.09 | +12.2% | +30.6% |
Platinum Asia Fund Complex ETF | PAXX | $6.08 | +3.9% | +24.6% |
Shape Australia Corp. | SHA | $5.96 | +20.6% | +120.7% |
Starpharma Holdings | SPL | $0.350 | +2.9% | +284.6% |
Smart Parking | SPZ | $1.310 | +15.4% | +112.1% |
SRG Global | SRG | $2.81 | +38.4% | +152.0% |
Tasmea | TEA | $5.04 | +6.8% | +80.2% |
Titan Minerals | TTM | $0.600 | +33.3% | 0% |
Vysarn | VYS | $0.650 | +10.2% | +38.3% |
Westpac Banking Corp. | WBC | $39.82 | +1.3% | +24.4% |
Wrkr | WRK | $0.135 | +28.6% | +107.7% |
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: Life360 (ASX: 360), The A2 Milk Company (ASX: A2M), Aroa Biosurgery (ASX: ARX), BetaShares Asia Technology Tigers ETF (ASX: ASIA), Blinklab (ASX: BB1), Commonwealth Bank of Australia. (ASX: CBA), Champion Iron (ASX: CIA), iShares MSCI South Korea ETF (ASX: IKO), Megaport (ASX: MP1), Navigator Global Investments (ASX: NGI), Starpharma Holdings (ASX: SPL), Smart Parking (ASX: SPZ), Westpac Banking Corp. (ASX: WBC).
10 Randomly chosen Feature Uptrend Charts:
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Downtrends Scan List 📉
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.750 | -9.1% | -26.5% |
Adairs | ADH | $2.02 | -22.3% | -25.2% |
Atlas Arteria | ALX | $4.79 | -1.6% | -3.0% |
Appen | APX | $0.745 | -16.3% | -62.7% |
ASX | ASX | $56.52 | -4.3% | -14.0% |
Accent Group | AX1 | $1.265 | -7.3% | -46.2% |
Bapcor | BAP | $2.50 | -23.3% | -46.0% |
Car Group | CAR | $35.40 | -7.6% | -6.4% |
Canyon Resources | CAY | $0.185 | -17.8% | +5.7% |
CSL | CSL | $175.39 | -15.6% | -39.0% |
Develop Global | DVP | $3.42 | -18.8% | +30.5% |
Ebos Group | EBO | $25.14 | -5.0% | -25.4% |
Elders | ELD | $6.95 | -6.8% | -19.2% |
G8 Education | GEM | $0.805 | -5.8% | -39.0% |
IDP Education | IEL | $5.47 | -17.2% | -61.2% |
Inghams Group | ING | $2.40 | -6.3% | -16.7% |
Kogan.Com | KGN | $3.15 | -7.4% | -33.3% |
Lindsay Australia | LAU | $0.600 | -5.5% | -30.6% |
Magnetic Resources | MAU | $1.220 | -21.3% | -3.9% |
McMillan Shakespeare | MMS | $16.10 | -7.5% | +8.9% |
Nuix | NXL | $2.36 | -25.1% | -66.9% |
OFX Group | OFX | $0.605 | -29.2% | -57.7% |
Orora | ORA | $1.985 | -3.2% | -18.6% |
Polynovo | PNV | $1.265 | -15.4% | -39.5% |
Perpetual | PPT | $19.10 | -5.2% | -6.0% |
Sonic Healthcare | SHL | $20.93 | -3.1% | -23.1% |
Treasury Wine Estates | TWE | $5.90 | -16.4% | -49.0% |
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: Alpha HPA (ASX: A4N), Atlas Arteria (ASX: ALX), Appen (ASX: APX), Accent Group (ASX: AX1), Bapcor (ASX: BAP), Car Group (ASX: CAR), CSL (ASX: CSL), Develop Global (ASX: DVP), IDP Education (ASX: IEL), Inghams Group (ASX: ING), Kogan.Com (ASX: KGN), Lindsay Australia (ASX: LAU), McMillan Shakespeare (ASX: MMS), Nuix (ASX: NXL), OFX Group (ASX: OFX), Orora (ASX: ORA), Polynovo (ASX: PNV), Sonic Healthcare (ASX: SHL), Treasury Wine Estates (ASX: TWE).
10 Randomly chosen Feature Downtrend Charts:
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Important considerations when using the ChartWatch Daily ASX Scans:
1. For more information on Carl's trend following information, check out his Technical analysis for beginners: ChartWatch Primer.
2. 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!!!
