Three things I learned from the market today – Thursday, 15 May
Thu 15 May 25, 3:15pm (AEST)
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Technical Analysis
/ChartWatch ASX Scans: Wipeouts in WDS, STO, MQG and AD8 vs still-strong uptrends in APA, COL, and MPL
Technical Analysis
ChartWatch ASX Scans: Wipeouts in WDS, STO, MQG and AD8 vs still-strong uptrends in APA, COL, and MPL
Mon 07 Apr 25, 9:20am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: APA (APA), BetaShares Australian Bear ETF (BBOZ), BetaShares US Bear ETF (BBUS), COG Financial (COG), Coles (COL), Global X Defence Tech ETF (DTEC), iShares Global Consumer Staples ETF (IXI), Medibank Private (MPL).
- Interesting downtrends in today's Scans: Life360 (360), Audinate (AD8), AMP (AMP), ANZ (ANZ), Appen (APX), Hub24 (HUB), Mineral Resources (MIN), Macquarie (MQG), Santos (STO), Treasury Wine (TWE), Woodside Energy (WDS), Whitehaven Coal (WHC), Xero (XRO).
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.
A picture tells a thousand words. Well, what about 102 pictures? That's how many ASX stocks made my Downtrends Scan List today – and that was with me being super strict to avoid piling in too many!
Add to this the fact that three of the few uptrends I could find were in ETFs that are engaged in SHORT SELLING and it tells a very sorry tale about the present state of the Australian stock market.
Note however, there were few new appearances in today's Downtrends Scan List. Indeed, the vast majority appeared days, weeks, or sometimes even months ago. Also consider that many of the stocks in the list have appeared there dozens of times – like Mineral Resources (MIN), Coronado Global Resources (CRN), and Woodside Energy Group (WDS).
The bottom line: Keep an eye on the Downtrends Scan List, it may help you plan your strategy for the current (and the next!) major market downturn 📉.
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 % |
APA Group | APA | $8.06 | +8.9% | -5.0% |
Ausquest | AQD | $0.059 | +51.3% | +335.2% |
Austal | ASB | $4.26 | -4.5% | +79.0% |
BetaShares Australian Strong Bear ETF | BBOZ | $30.92 | +13.2% | +8.9% |
BetaShares US EQY Strong Bear - CH ETF | BBUS | $5.61 | +22.0% | -1.6% |
COG Financial Services | COG | $1.235 | +19.9% | -12.4% |
Coles Group | COL | $21.13 | +13.1% | +27.4% |
Charter Hall Retail Reit | CQR | $3.62 | +7.4% | +3.1% |
Catalyst Metals | CYL | $5.77 | +35.1% | +801.6% |
Global X Defence Tech ETF | DTEC | $13.60 | +2.9% | 0% |
Ebos Group | EBO | $35.69 | +4.2% | +11.9% |
iShares Global Consumer Staples ETF | IXI | $103.45 | +2.1% | +14.4% |
Medibank Private | MPL | $4.63 | +6.7% | +23.5% |
NIB | NHF | $6.90 | +4.7% | -11.1% |
Northern Star Resources | NST | $18.85 | +7.0% | +27.5% |
Ramelius Resources | RMS | $2.47 | -10.5% | +26.0% |
Regis Resources | RRL | $4.06 | +24.5% | +104.5% |
Global X Ultra Short Nasdaq-100 Hedge Fund ETF | SNAS | $32.41 | +29.7% | -2.4% |
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: APA Group (ASX: APA), BetaShares Australian Strong Bear ETF (ASX: BBOZ), BetaShares US EQY Strong Bear - CH ETF (ASX: BBUS), COG Financial Services (ASX: COG), Coles Group (ASX: COL), Global X Defence Tech ETF (ASX: DTEC), iShares Global Consumer Staples ETF (ASX: IXI), Medibank Private (ASX: MPL), Global X Ultra Short Nasdaq-100 Hedge Fund ETF (ASX: SNAS).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Life360 | 360 | $18.01 | -19.0% | +44.4% |
Alpha HPA | A4N | $0.715 | -16.4% | -23.5% |
Alcoa Corporation | AAI | $42.80 | -16.8% | 0% |
Abacus Group | ABG | $1.090 | -4.4% | -10.7% |
Audinate Group | AD8 | $5.82 | -27.6% | -72.6% |
Adairs | ADH | $1.990 | -11.6% | -16.7% |
Aristocrat Leisure | ALL | $61.15 | -15.4% | +45.2% |
AMP | AMP | $1.110 | -15.6% | -2.6% |
ANZ Group | ANZ | $28.18 | -4.1% | -3.4% |
Amotiv | AOV | $7.32 | -23.1% | -34.6% |
Appen | APX | $0.860 | -34.1% | +49.6% |
ARB Corporation | ARB | $28.49 | -17.0% | -29.5% |
Accent Group | AX1 | $1.755 | -6.4% | -10.5% |
Bendigo and Adelaide Bank | BEN | $10.16 | -2.9% | -0.7% |
Beach Energy | BPT | $1.245 | -8.1% | -35.2% |
Chrysos Corporation | C79 | $3.85 | -19.5% | -43.8% |
Car Group | CAR | $30.94 | -15.6% | -10.8% |
Credit Corp Group | CCP | $12.23 | -18.8% | -31.6% |
Chalice Mining | CHN | $0.985 | -30.9% | -11.3% |
Champion Iron | CIA | $4.35 | -17.3% | -39.1% |
Coronado Global Resources | CRN | $0.270 | -48.6% | -77.4% |
Capstone Copper Corp. | CSC | $7.00 | -20.6% | 0% |
Corporate Travel Management | CTD | $12.34 | -21.1% | -25.3% |
Cettire | CTT | $0.625 | -37.8% | -80.9% |
Clarity Pharmaceuticals | CU6 | $1.680 | -43.8% | -37.5% |
Clinuvel Pharmaceuticals | CUV | $10.54 | -12.5% | -33.9% |
Core Lithium | CXO | $0.065 | -21.7% | -59.4% |
Data#3 | DTL | $6.82 | -13.1% | -17.5% |
Elders | ELD | $6.30 | -9.1% | -32.2% |
Flight Centre Travel Group | FLT | $12.65 | -15.8% | -41.3% |
Goodman Group | GMG | $27.56 | -14.0% | -15.2% |
Graincorp | GNC | $6.66 | -2.6% | -19.5% |
GQG Partners | GQG | $1.885 | -15.5% | -14.3% |
GWA Group | GWA | $2.25 | -4.7% | -14.1% |
HMC Capital | HMC | $5.33 | -37.1% | -24.0% |
Hansen Technologies | HSN | $4.79 | -5.5% | +0.2% |
Hub24 | HUB | $58.93 | -23.0% | +40.2% |
Infratil | IFT | $8.84 | -6.3% | -11.3% |
IGO | IGO | $3.46 | -12.4% | -52.5% |
Imugene | IMU | $0.026 | -25.7% | -75.2% |
Ioneer | INR | $0.140 | -6.7% | -12.5% |
Incitec Pivot | IPL | $2.34 | -13.7% | -17.3% |
Iperionx | IPX | $2.42 | -30.5% | +8.5% |
Iress | IRE | $7.45 | -9.1% | -5.9% |
Judo Capital | JDO | $1.645 | -17.8% | +25.1% |
James Hardie Industries | JHX | $34.84 | -32.0% | -41.6% |
Johns Lyng Group | JLG | $2.07 | -25.5% | -66.1% |
Karoon Energy | KAR | $1.365 | -11.4% | -39.6% |
Kogan.Com | KGN | $4.17 | -13.8% | -47.2% |
Macquarie Technology Group | MAQ | $57.66 | -15.2% | -27.4% |
Magellan Financial Group | MFG | $7.07 | -13.5% | -28.2% |
Mineral Resources | MIN | $18.95 | -12.4% | -73.4% |
Macquarie Group | MQG | $174.00 | -21.1% | -11.6% |
Mesoblast | MSB | $1.765 | -19.8% | +85.8% |
Myer | MYR | $0.600 | -24.1% | -23.5% |
Mystate | MYS | $3.73 | -1.6% | +2.2% |
Neuren Pharmaceuticals | NEU | $9.86 | -21.7% | -52.5% |
Nickel Industries | NIC | $0.515 | -31.8% | -40.5% |
Novonix | NVX | $0.410 | -1.2% | -56.2% |
NRW | NWH | $2.60 | -9.1% | -11.3% |
Netwealth Group | NWL | $22.48 | -21.1% | +10.8% |
News Corporation | NWS | $46.12 | -9.0% | +13.5% |
Nexgen Energy | NXG | $6.94 | -12.4% | -48.4% |
Nuix | NXL | $2.71 | -17.1% | +30.3% |
OFX Group | OFX | $1.035 | -18.2% | -33.4% |
Orora | ORA | $1.770 | -12.8% | -22.0% |
Orica | ORI | $16.28 | -3.9% | -9.8% |
Paradigm Biopharmaceuticals. | PAR | $0.300 | -35.5% | -14.3% |
Pro Medicus | PME | $189.77 | -28.4% | +81.5% |
Patriot Battery Metals | PMT | $0.235 | -20.3% | -73.9% |
Pinnacle Investment Management Group | PNI | $15.46 | -24.6% | +37.3% |
Polynovo | PNV | $1.050 | -23.9% | -51.2% |
Perpetual | PPT | $17.74 | -8.7% | -29.5% |
PWR Holdings | PWH | $6.60 | -10.2% | -42.3% |
PYC Therapeutics | PYC | $1.090 | -11.4% | +33.6% |
Reece | REH | $14.23 | -15.5% | -49.1% |
Regal Partners | RPL | $1.975 | -36.3% | -35.0% |
Reliance Worldwide Corporation | RWC | $4.03 | -19.1% | -28.8% |
South32 | S32 | $2.81 | -22.8% | -11.4% |
Siteminder | SDR | $3.95 | -18.1% | -26.7% |
Seek | SEK | $20.38 | -15.9% | -16.0% |
Stanmore Resources | SMR | $1.840 | -20.0% | -39.5% |
Santos | STO | $5.95 | -2.9% | -24.5% |
Strike Energy | STX | $0.150 | -14.3% | -42.3% |
Super Retail Group | SUL | $12.60 | -8.2% | -16.4% |
Syrah Resources | SYR | $0.210 | -10.6% | -61.1% |
Tabcorp | TAH | $0.570 | -13.6% | -24.0% |
Terracom | TER | $0.068 | -38.2% | -72.8% |
Treasury Wine Estates | TWE | $8.63 | -14.2% | -33.6% |
Tyro Payments | TYR | $0.700 | -13.0% | -30.3% |
Viva Energy Group | VEA | $1.580 | -6.2% | -57.9% |
WA1 Resources | WA1 | $11.86 | -6.6% | -5.5% |
Weebit Nano | WBT | $1.605 | -20.9% | -48.9% |
Wildcat Resources | WC8 | $0.155 | -20.5% | -75.4% |
Woodside Energy Group | WDS | $20.43 | -11.1% | -33.1% |
WEB Travel Group | WEB | $4.24 | -12.4% | -45.4% |
Whitehaven Coal | WHC | $4.62 | -19.9% | -35.6% |
Webjet | WJL | $0.500 | -27.5% | 0% |
Worley | WOR | $13.05 | -10.9% | -22.2% |
Wisetech Global | WTC | $74.83 | -18.3% | -21.2% |
Xero | XRO | $145.54 | -15.4% | +16.3% |
Yancoal Australia | YAL | $4.64 | -22.1% | -12.1% |
Zip Co. | ZIP | $1.285 | -40.2% | -1.2% |
Today's Downtrends Scan List
Feature Charts from today's Downtrends List 🔎📉
Interesting downtrends in today's Scans: Life360 (360), Alpha HPA (A4N), Audinate Group (AD8), Adairs (ADH), Aristocrat Leisure (ALL), AMP (AMP), ANZ Group (ANZ), Appen (APX), ARB Corporation (ARB), Chrysos Corporation (C79), Car Group (CAR), Credit Corp Group (CCP), Coronado Global Resources (CRN), Capstone Copper Corp. (CSC), Corporate Travel Management (CTD), Clarity Pharmaceuticals (CU6), Clinuvel Pharmaceuticals (CUV), Elders (ELD), Flight Centre Travel Group (FLT), Goodman Group (GMG), GQG Partners (GQG), HMC Capital (HMC), Hub24 (HUB), Infratil (IFT), Incitec Pivot (IPL), Iress (IRE), Judo Capital (JDO), Macquarie Technology Group (MAQ), Magellan Financial Group (MFG), Mineral Resources (MIN), Macquarie Group (MQG), Neuren Pharmaceuticals (NEU), Nickel Industries (NIC), Netwealth Group (NWL), Nuix (NXL), OFX Group (OFX), Pro Medicus (PME), Patriot Battery Metals (PMT), Pinnacle Investment Management Group (PNI), Polynovo (PNV), Perpetual (PPT), PWR Holdings (PWH), Reece (REH), Regal Partners (RPL), Siteminder (SDR), Seek (SEK), Stanmore Resources (SMR), Santos (STO), Strike Energy (STX), Treasury Wine Estates (TWE), Tyro Payments (TYR), Viva Energy Group (VEA), WA1 Resources (WA1), Weebit Nano (WBT), Woodside Energy Group (WDS), Whitehaven Coal (WHC), Webjet (WJL), Worley (WOR), Wisetech Global (WTC), Xero (XRO).
Charts of each below:
(Clearly too many to print them all here...so I asked AI to pick 10 tickers from the list at random!)
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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