Market Wraps

Evening Wrap: ASX 200 on the cusp of new record despite sell off in iron ore and energy stocks, uranium stocks fly on short squeeeeze!

Wed 22 Jan 25, 6:03pm (AEDT)

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The S&P/ASX 200 closed 27.4 points higher, up 0.33%.

It looked again to be somewhat of a “there’s been a pullback in long term risk-free market yields” rally today. Interest rate sensitive sectors were up the most. That, and a stonking performance of ASX uranium stocks were the most interesting up-moves today.

On the negative side of the ledger, iron ore stocks ended sharply lower, likely on the back of steep falls in Chinese stocks. Elsewhere, energy stocks continued to react negatively to yesterday's news President Trump has removed restrictions on exploration for oil and natural gas...energy commodity prices are lower again.

Click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all the key upcoming economic data in tonight's Evening Wrap.

Also, I have detailed technical analysis on Gold and Silver in today's ChartWatch.

Let's dive in!


Today in Review

Wed 22 Jan 25, 4:55pm (AEDT)

Name Value % Chg
Major Indices
ASX 200 8,429.8 +0.33%
All Ords 8,680.5 +0.32%
Small Ords 3,205.7 +0.49%
All Tech 3,886.9 +1.54%
Emerging Companies 2,301.8 -0.33%
Currency
AUD/USD 0.6263 -0.18%
US Futures
S&P 500 6,103.25 +0.31%
Dow Jones 44,255.0 +0.04%
Nasdaq 21,861.5 +0.70%
Name Value % Chg
Sector
Information Technology 2,783.8 +2.35%
Industrials 7,868.4 +1.17%
Utilities 9,172.8 +1.05%
Financials 8,976.0 +0.87%
Real Estate 3,981.4 +0.71%
Consumer Discretionary 3,997.0 +0.23%
Consumer Staples 11,738.8 +0.22%
Energy 9,046.4 -0.14%
Health Care 44,898.5 -0.18%
Communication Services 1,644.6 -0.30%
Materials 16,837.1 -0.94%

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Markets

XJO Intraday Chart 22 January 2025
ASX 200 Session Chart

The S&P/ASX 200 (XJO) finished 27.4 points higher at 8,429.8, roughly mid-range – 0.40% from its session low and 0.31% from its high. In the broader-based S&P/ASX 300 (XKO), advancers beat decliners by a modest 155 to 115.

At risk of sounding like a broken record (I must call it as I see it) – it looked again to be somewhat of a “there’s been a pullback in long term risk-free market yields” rally today. That, and a stonking performance of ASX uranium stocks.

On the former, my theory is validated by strength in high-PE Information Technology (XIJ) (+2.3%), opportunity cost-laden Gold (XGD) (+1.7%), and bond proxy Utilities (XUJ) (+1.0%), Financials (XFJ) (+0.87%) and Real Estate Investment Trusts (XPJ) (+0.73%).

Obviously, the strong rally in US stocks overnight also contributed to the general strengthening of Australian stocks today. On uranium, I could find no clear/obvious reason for the the rally there apart from the fact overseas uranium stocks were sharply higher on Tuesday.

I do note that Paladin Energy (ASX: PDN) (+10.0%) released its Quarterly Activities and Quarterly Cashflow reports for the December quarter today, but this does not explain similar surges in counterparts Boss Energy (ASX: BOE) (+14.2%), Deep Yellow (ASX: DYL) (+7.9%), Peninsula Energy (ASX: PEN) (+7.3%), and Silex Systems (ASX: SLX) (+6.7%).

Much has been made in the media lately of the growing short sale interest in the sector, and I note that as recently as yesterday, a fund manager thought by social media circles to be an active short seller increased their interest in BOE. Is it then a coincidence BOE was up the most of the lot today? 🤔

Company

Last Price

Change $

Change %

1mo %

1yr %

Pointerra (3DP)

$0.092

+$0.013

+16.5%

+135.9%

+67.3%

Brainchip (BRN)

$0.385

+$0.05

+14.9%

+51.0%

+140.6%

DUG Technology (DUG)

$1.550

+$0.12

+8.4%

+18.3%

-22.1%

Lifestyle Communities (LIC)

$9.60

+$0.6

+6.7%

+19.0%

-42.2%

Generation Development Group (GDG)

$4.27

+$0.21

+5.2%

+13.0%

+155.1%

Netwealth Group (NWL)

$29.41

+$1.28

+4.6%

+3.9%

+71.8%

Genesis Minerals (GMD)

$3.06

+$0.12

+4.1%

+20.5%

+90.7%

Evolution Mining (EVN)

$5.89

+$0.23

+4.1%

+22.2%

+85.8%

Kingsgate Consolidated (KCN)

$1.425

+$0.055

+4.0%

+7.1%

+16.3%

Hub24 (HUB)

$75.20

+$2.77

+3.8%

+8.2%

+103.4%

Bellevue Gold (BGL)

$1.180

+$0.04

+3.5%

+0.9%

-16.9%

Life360 (360)

$24.61

+$0.81

+3.4%

+10.5%

+248.1%

AUB Group (AUB)

$31.80

+$1.03

+3.3%

+2.7%

+12.3%

Capricorn Metals (CMM)

$7.50

+$0.24

+3.3%

+12.6%

+73.6%

Perseus Mining (PRU)

$2.83

+$0.09

+3.3%

+6.8%

+61.7%

AMP (AMP)

$1.685

+$0.05

+3.1%

+5.3%

+79.3%

Wisetech Global (WTC)

$122.46

+$3.49

+2.9%

+2.7%

+66.1%

Ora Banda Mining (OBM)

$0.740

+$0.02

+2.8%

+14.7%

+221.7%

Block (SQ2)

$144.84

+$3.9

+2.8%

+2.1%

+47.8%

Regis Resources (RRL)

$3.09

+$0.08

+2.7%

+16.6%

+49.3%

Megaport (MP1)

$8.19

+$0.2

+2.5%

+9.9%

-12.6%

Xero (XRO)

$170.05

+$4.05

+2.4%

+2.3%

+48.2%

Gold Road Resources (GOR)

$2.52

+$0.06

+2.4%

+22.9%

+51.4%

MA Financial Group (MAF)

$6.60

+$0.14

+2.2%

+17.0%

+18.7%

Nextdc (NXT)

$16.09

+$0.34

+2.2%

+6.1%

+18.1%

Today's best performing stocks from the best performing sectors

Doing it tough today, 2024's not-so-dynamic duo of Resources (XJR) (-0.94%) and Energy (XEJ) (-0.14%). In Resources, the damage was mainly done by the major iron ore stocks – the iron ore price is trading very modestly lower in Singapore today – but I note Chinese stocks are currently sharply lower by around 3%.

Possibly-post Trump 2.0 moves there...which appears to also be the case In Energy. Woodside Energy (ASX: WDS) (-1.9%) was the major drag in this sector as key oil and natural gas contracts continued to react negatively to yesterday's news President Trump has signed an executive order to remove various restrictions on exploration for these commodities.

Company

Last Price

Change $

Change %

1mo %

1yr %

Iluka Resources (ILU)

$4.95

-$0.37

-7.0%

+0.8%

-24.8%

Iperionx (IPX)

$4.15

-$0.22

-5.0%

-6.1%

+176.7%

Carnarvon Energy (CVN)

$0.115

-$0.005

-4.2%

-23.3%

-42.5%

Catalyst Metals (CYL)

$3.41

-$0.13

-3.7%

+30.2%

+390.6%

Latin Resources (LRS)

$0.165

-$0.005

-2.9%

+13.8%

-17.5%

Coronado Global Resources (CRN)

$0.710

-$0.02

-2.7%

-4.7%

-57.6%

Champion Iron (CIA)

$5.88

-$0.14

-2.3%

+2.1%

-23.8%

BHP Group (BHP)

$39.80

-$0.81

-2.0%

+0.3%

-13.0%

Woodside Energy Group (WDS)

$25.25

-$0.48

-1.9%

+9.3%

-18.3%

Fortescue (FMG)

$19.03

-$0.34

-1.8%

+6.6%

-31.0%

Chalice Mining (CHN)

$1.220

-$0.02

-1.6%

+13.0%

+10.9%

Lynas Rare Earths (LYC)

$6.78

-$0.1

-1.5%

+4.3%

+14.0%

Adriatic Metals (ADT)

$4.10

-$0.06

-1.4%

+2.5%

+19.9%

IGO (IGO)

$5.34

-$0.07

-1.3%

+9.0%

-25.8%

Pilbara Minerals (PLS)

$2.41

-$0.03

-1.2%

+13.1%

-30.5%

Deterra Royalties (DRR)

$4.03

-$0.05

-1.2%

+8.0%

-22.4%

Nickel Industries (NIC)

$0.850

-$0.01

-1.2%

+3.7%

+45.3%

Rio Tinto (RIO)

$119.61

-$1.

-0.8%

+1.9%

-6.6%

Bluescope Steel (BSL)

$20.49

-$0.16

-0.8%

+3.3%

-8.9%

Mineral Resources (MIN)

$36.56

-$0.26

-0.7%

+10.7%

-37.1%

Karoon Energy (KAR)

$1.410

-$0.01

-0.7%

+14.6%

-23.4%

South32 (S32)

$3.56

-$0.02

-0.6%

+6.0%

+9.9%

Sandfire Resources (SFR)

$10.12

-$0.04

-0.4%

+9.2%

+54.7%

Today's worst performing stocks from the worst performing sectors

ChartWatch

Gold Futures (Front month, back-adjusted) COMEX

Gold Futures (Front month, back-adjusted) COMEX Chart 22 January 2025
Golden, first place performance! (click here for full size image)

I know I touched on this one in last night's broader discussion of the Trump 2.0 impact on markets, but as I perused my various watchlists this morning, I decided it deserved closer attention today. I thought we’d also better check in on Silver as we haven’t done that one since December.

For the last few gold updates, I have noted an improving short term uptrend within the context of an ever-resilient long term uptrend.

Resilient really is the best word to describe Gold’s performance of late. It’s weathered volatility in so many of its typical demand-supply drivers since the Trump + Red Sweep outcome of the US presidential election back in November.

That long term uptrend ribbon appears invincible – doing exactly what it’s designed to do – locate the zone of price where excess demand returns to the system after a short term pullback.

Since it’s last test at 2596.7, the price action and candles have swung decidedly demand-side in nature – exhibiting rising peaks and rising troughs and a predominance of demand-side candles (i.e., white bodies and or downward pointing shadows) respectively.

Naturally, there has been some supply encountered at the previous 2761.3 point of supply, but judging by the accumulation of demand side candles immediately below this level I proposed demand remains motivated and supply really likely only fleeting.

Today’s candle (i.e., the last candle on the chart) is still live – so we must discount it. Therefore, we still await a close above 2761.3. Should we get it at the conclusion of today’s candle, and assuming that candle is full-white in nature, it clears the way for a test of the major point of supply at the 2826.8 point of supply.

As I always say here – the future is unknown. The best looking trend today is meaningless against the next piece of adverse news that triggers the demand-supply environment to change. Right now we’re in an environment of excess demand – and I cannot see anything in the technicals to suggest that this state of the market can’t continue.

However, tomorrow’s candle could literally be anything. If you see long black candles and or upward pointing shadows, you’ll know that the supply-side has returned to battle seriously for control.

Until then, I must trust my mantra: Follow the trend! 📈

Silver Futures (Front month, back-adjusted) COMEX

Silver Futures (Front month, back-adjusted) COMEX Chart 22 January 2025
Silver...a distant second... (click here for full size image)

I mentioned above that we haven't looked at this one here for a while. That's not an accident – there really hasn’t been much to see or do for a trend follower. The silver price had chopped around in a largely sideways range between 29.14 and 33.33 for the last 6 weeks.

There is some improvement recently, but clearly the technicals for Silver are substantially less attractive than those for gold. Second again! 🥈

Yes, there are rising peaks and rising troughs – but they are significantly overlapping indicating much market indecision. Yes, there are a few demand-side candles, but there are also interspersed among them several clear supply-side variants.

We don’t want indecision in our demand-supply environment – we want overwhelming consensus!

We want market participants to demonstrate in their demand and supply actions clear certainty as to a course of action, not confusion.

As trend followers – it is our job to identify charts that demonstrate consensus and certainty and to trade in the direction that certainty conveys.

Some prefer not to follow the trend, by seeking out charts that demonstrate confusion – or worse still (the worst!) they buy charts that demonstrate clear bearish consensus and or sell charts that demonstrate clear bullish consensus.

But nobody reading this falls into that category, right!? 🤔

Anyways, I can’t get exited about silver’s technicals until they, well, begin to look more like gold’s technicals.

Demand is at 30.11, but more likely to exert itself at the short and long term trend ribbons (dynamic). Supply is at 33.33, and then (far beyond) at 35.15-35.47.


Economy

Today

  • There weren't any major data releases in our time zone today

Thursday

  • N/a

Friday

  • 09:00 AUS Flash Manufacturing PMI & Flash Services PMI January (47.8 and 50.8 respectively in December)

  • TBA JPY Bank of Japan Policy Rate (increase to less than 0.50% versus previous less than 0.25%)

  • 20:00 EUR Flash Manufacturing PMI & Services PMI for January (45.6 and 51.4 forecast respectively vs 45.1 and 51.6 respectively in December)

Saturday

  • 01:45 USA Flash Manufacturing PMI & Services PMI for January (49.4 and 56.8 respectively in December)


Latest News


Interesting Movers

Trading higher

  • +14.9% Brainchip (BRN) - No news, generally stronger ASX tech sector today on a similar rise in US tech stocks Tuesday, rise is consistent with prevailing short-term uptrend, long-term uptrend is transitioning from down to up 🔎📈

  • +14.2% Boss Energy (BOE) - No news specific to today's rally, tracked a strong move up in international uranium stocks on North American exchanges Tuesday, no movement in uranium price. I do note this news from today: Change in substantial holding (increase, State Street is a rumoured short seller)

  • +10.1% Paladin Energy (PDN) - Quarterly Activities Report - December 2024 and Quarterly Cashflow Report - December 2024, ditto tracked strong overseas uranium leads, again possibly a short squeeze is afoot!

  • +8.4% DUG Technology (DUG) - No news 🤔

  • +7.9% Deep Yellow (DYL) - No news since yesterday's December 2024 Quarterly Cashflow and December 2024 Quarterly Activities, ditto tracked strong overseas uranium leads, but the chart looks much better here - rise is consistent with prevailing short and long-term uptrends, was recently added to ChartWatch ASX Scans Uptrends list 🔎📈

  • +7.7% Genusplus Group (GNP) - No news, rise is consistent with prevailing short and long-term uptrends, a regular constituent of ChartWatch ASX Scans Uptrends list 🔎📈

  • +7.3% Peninsula Energy (PEN) - No news, ditto tracked strong overseas uranium leads, again possibly a short squeeze is afoot!

  • +6.7% Silex Systems (SLX) - No news, ditto tracked strong overseas uranium leads

  • +6.7% Lifestyle Communities (LIC) - No news 🤔

  • +5.4% EBR Systems (EBR) - No news since yesterday's CEO Investor Presentation, rise is consistent with prevailing short and long-term uptrends, a regular constituent of ChartWatch ASX Scans Uptrends list 🔎📈

  • +5.2% Generation Development Group (GDG) - December quarter update, rise is consistent with prevailing short and long-term uptrends, a regular constituent of ChartWatch ASX Scans Uptrends list 🔎📈

  • +4.6% Netwealth Group (NWL) - No news, has bounced perfectly off the long-term uptrend ribbon in the last few sessions…

  • +4.5% Nanosonics (NAN) - No news, rise is consistent with prevailing short and long-term uptrends, was recently added to ChartWatch ASX Scans Uptrends list 🔎📈

  • +4.3% Lotus Resources (LOT) - No news, ditto tracked strong overseas uranium leads

  • +4.2% Austal (ASB) - No news, rise is consistent with prevailing short and long-term uptrends, a regular constituent of ChartWatch ASX Scans Uptrends list 🔎📈

  • +4.1% Genesis Minerals (GMD) - No news, rise is consistent with prevailing short and long-term uptrends, a regular constituent of ChartWatch ASX Scans Uptrends list 🔎📈

  • +4.1% Temple & Webster Group (TPW) - No news, rise is consistent with prevailing short and long-term uptrends, a regular constituent of ChartWatch ASX Scans Uptrends list 🔎📈

  • +4.1% Evolution Mining (EVN) - December 2024 Quarterly Report, rise is consistent with prevailing short and long-term uptrends, a regular constituent of ChartWatch ASX Scans Uptrends list 🔎📈

Trading lower

  • -7.0% Iluka Resources (ILU) - Quarterly Review to 31 December 2024, fall is consistent with prevailing short and long-term downtrends, a regular constituent of ChartWatch ASX Scans Downtrends list 🔎📉

  • -6.3% Appen (APX) - Ceasing to be a substantial holder from MUFG, follows this Ceasing to be a substantial holder from 20-Jan

  • -5.0% Sigma Healthcare (SIG) - No news 🤔

  • -5.0% Iperionx (IPX) - No news 🤔

  • -4.3% Qoria (QOR) - Continued negative response to yesterday's Quarterly Activities/Appendix 4C Cash Flow Report (retained at buy at both Ord Minnett and Shaws - check Broker Moves section below for more details)

  • -4.2% Mesoblast (MSB) - No news, consistent with recent volatility

  • -4.2% The Star Entertainment Group (SGR) - No news, fall is consistent with prevailing short and long-term downtrends, a regular constituent of ChartWatch ASX Scans Downtrends list 🔎📉

  • -4.2% Carnarvon Energy (CVN) - Continued negative response to yesterday's N

  • -3.8% Cettire (CTT) - No news, fall is consistent with prevailing short and long-term downtrends, a regular constituent of ChartWatch ASX Scans Downtrends list 🔎📉

  • -3.4% Centuria Capital Group (CNI) - No news, downgraded to sell from hold at Bell Potter (price target retained at $1.80)

  • -3.0% Tyro Payments (TYR) - No news, fall is consistent with prevailing short and long-term downtrends, a regular constituent of ChartWatch ASX Scans Downtrends list 🔎📉

  • -3.0% Droneshield (DRO) - No news, fall is consistent with prevailing short and long-term downtrends, a regular constituent of ChartWatch ASX Scans Downtrends list 🔎📉


Broker Moves

  • The A2 Milk Company (A2M)

    • Retained at accumulate at Ord Minnett; Price Target: $6.20 from $5.90

  • Australian Ethical Investment (AEF)

    • Retained at buy at Ord Minnett; Price Target: $6.70

  • AGL Energy (AGL)

    • Retained at neutral at UBS; Price Target: $11.00

  • Atlas Arteria (ALX)

    • Retained at neutral at UBS; Price Target: $5.35

  • ANZ Group (ANZ)

    • Retained at equal-weight at Morgan Stanley; Price Target: $27.80

  • APA Group (APA)

    • Retained at sell at UBS; Price Target: $6.60

  • Aspen Group (APZ)

    • Retained at buy at Bell Potter; Price Target: $2.80 from $2.75

  • Aurizon (AZJ)

    • Retained at neutral at UBS; Price Target: $3.35

  • Avjennings (AVJ)

    • Retained at hold at Bell Potter; Price Target: $0.70

  • BHP Group (BHP)

    • Retained at buy at Citi; Price Target: $46.00

    • Retained at buy at Goldman Sachs; Price Target: $46.80 from $47.50

    • Retained at overweight at JP Morgan; Price Target: $47.00

    • Retained at outperform at Macquarie; Price Target: $42.00

    • Retained at overweight at Morgan Stanley; Price Target: $48.50

    • Retained at accumulate at Ord Minnett; Price Target: $43.00 from $44.00

    • Retained at sector perform at RBC Capital Markets; Price Target: $45.00

    • Retained at neutral at UBS; Price Target: $42.00

  • Boab Metals (BML)

    • Retained at buy at Shaw and Partners; Price Target: $0.40

  • Beach Energy (BPT)

    • Retained at sell at Citi; Price Target: $1.30

    • Retained at buy at UBS; Price Target: $1.55

  • Brazilian Rare Earths (BRE)

    • Retained at buy at Ord Minnett; Price Target: $5.50

  • Commonwealth Bank of Australia (CBA)

    • Retained at underweight at Morgan Stanley; Price Target: $114.00

  • Centuria Industrial Reit (CIP)

    • Upgraded to buy from hold at Bell Potter; Price Target: $3.25 from $3.30

  • Centuria Capital Group (CNI)

    • Downgraded to sell from hold at Bell Potter; Price Target: $1.80

  • Centuria Office Reit (COF)

    • Retained at hold at Bell Potter; Price Target: $1.25

  • Coles Group (COL)

    • Retained at buy at Citi; Price Target: $21.00

  • Capstone Copper Corp. (CSC)

    • Retained at buy at Citi; Price Target: $13.50 from $13.60

  • CSL (CSL)

    • Retained at buy at Bell Potter; Price Target: $345.00

    • Retained at buy at Ord Minnett; Price Target: $318.00

  • Corporate Travel Management (CTD)

    • Retained at buy at Citi; Price Target: $13.90

  • Centaurus Metals (CTM)

    • Retained at buy at Canaccord Genuity; Price Target: $0.80

  • Cedar Woods Properties (CWP)

    • Retained at buy at Bell Potter; Price Target: $7.20

  • Cleanaway Waste Management (CWY)

    • Retained at buy at UBS; Price Target: $3.40

  • Coventry Group (CYG)

    • Retained at buy at Bell Potter; Price Target: $1.60 from $1.75

  • Dexus Convenience Retail Reit (DXC)

    • Retained at buy at Bell Potter; Price Target: $3.30

  • Dexus Industria Reit (DXI)

    • Retained at hold at Bell Potter; Price Target: $2.90 from $2.80

  • GDI Property Group (GDI)

    • Retained at buy at Bell Potter; Price Target: $0.80

  • Goodman Group (GMG)

    • Retained at buy at Citi; Price Target: $40.00

  • Healthco Healthcare and Wellness Reit (HCW)

    • Retained at buy at Bell Potter; Price Target: $1.30 from $1.50

  • Homeco Daily Needs Reit (HDN)

    • Retained at hold at Bell Potter; Price Target: $1.40 from $1.35

  • Hillgrove Resources (HGO)

    • Retained at buy at Canaccord Genuity; Price Target: $0.08 from $0.10

  • HMC Capital (HMC)

    • Retained at buy at Bell Potter; Price Target: $13.15 from $13.50

  • Hub24 (HUB)

    • Retained at buy at Bell Potter; Price Target: $79.20 from $73.00

    • Downgraded to hold from buy at Canaccord Genuity; Price Target: $74.65 from $65.80

    • Retained at overweight at Morgan Stanley; Price Target: $71.00

    • Retained at neutral at UBS; Price Target: $75.00 from $70.00

  • Harvey Norman (HVN)

    • Retained at buy at Citi; Price Target: $5.20 from $5.50

  • Insurance Australia Group (IAG)

    • Retained at neutral at Goldman Sachs; Price Target: $8.10

  • Ioneer (INR)

    • Retained at buy at Canaccord Genuity; Price Target: $0.40

  • JB HI-FI (JBH)

    • Retained at buy at Citi; Price Target: $110.00 from $85.00

  • Kogan.Com (KGN)

    • Retained at sell at Citi; Price Target: $4.50

  • Lifestyle Communities (LIC)

    • Retained at hold at Bell Potter; Price Target: $8.90

  • Liontown Resources (LTR)

    • Retained at buy at Bell Potter; Price Target: $1.40

    • Retained at hold at Canaccord Genuity; Price Target: $0.70 from $0.60

    • Retained at neutral at Citi; Price Target: $0.60

    • Retained at neutral at Goldman Sachs; Price Target: $0.71

    • Retained at hold at Morgans; Price Target: $0.68 from $0.60

  • National Australia Bank (NAB)

    • Retained at overweight at Morgan Stanley; Price Target: $38.40

  • Neuren Pharmaceuticals (NEU)

    • Retained at buy at Bell Potter; Price Target: $25.00

  • Northern Star Resources (NST)

    • Retained at buy at Bell Potter; Price Target: $20.00 from $19.55

    • Retained at reduce at Canaccord Genuity; Price Target: $22.85 from $23.30

    • Retained at neutral at Citi; Price Target: $17.00

    • Retained at buy at Goldman Sachs; Price Target: $19.80 from $20.00

    • Retained at add at Morgans; Price Target: $20.04 from $20.18

    • Retained at hold at Ord Minnett; Price Target: $16.80 from $17.00

    • Retained at sector perform at RBC Capital Markets; Price Target: $20.00 from $19.50

    • Retained at buy at UBS; Price Target: $19.05

  • Nextdc (NXT)

    • Retained at buy at UBS; Price Target: $20.00

  • Opthea (OPT)

    • Retained at buy at Bell Potter; Price Target: $1.30

  • Origin Energy (ORG)

    • Retained at buy at UBS; Price Target: $11.75

  • Orica (ORI)

    • Retained at buy at Goldman Sachs; Price Target: $21.40

  • Proteomics International Laboratories (PIQ)

    • Retained at reduce at Morgans; Price Target: $0.50

  • Qoria (QOR)

    • Retained at buy at Ord Minnett; Price Target: $0.56 from $0.51

    • Retained at buy at Shaw and Partners; Price Target: $0.52

  • Qube (QUB)

    • Retained at buy at UBS; Price Target: $4.15

  • Regal Partners (RPL)

    • Retained at buy at Ord Minnett; Price Target: $4.40 from $4.50

  • South32 (S32)

    • Retained at outperform at Macquarie; Price Target: $4.40

  • Santos (STO)

    • Retained at buy at Ord Minnett; Price Target: $8.40

    • Retained at buy at UBS; Price Target: $8.25 from $8.15

  • Super Retail Group (SUL)

    • Retained at buy at Citi; Price Target: $19.00

  • Suncorp Group (SUN)

    • Retained at buy at Goldman Sachs; Price Target: $20.50

  • Transurban Group (TCL)

    • Retained at buy at UBS; Price Target: $14.75

  • Telstra Group (TLS)

    • Retained at buy at UBS; Price Target: $4.40

  • TPG Telecom (TPG)

    • Retained at neutral at UBS; Price Target: $4.95

  • Vulcan Energy Resources (VUL)

    • Retained at buy at Canaccord Genuity; Price Target: $11.75 from $11.50

  • Westpac Banking Corporation (WBC)

    • Retained at underweight at Morgan Stanley; Price Target: $30.00

  • Woodside Energy Group (WDS)

    • Retained at neutral at UBS; Price Target: $27.40 from $28.30

  • Wesfarmers (WES)

    • Retained at sell at Citi; Price Target: $59.00 from $61.00

    • Retained at underweight at Jarden; Price Target: $61.00

    • Retained at hold at Jefferies; Price Target: $73.00

    • Retained at neutral at Macquarie; Price Target: $75.30

    • Retained at underweight at Morgan Stanley; Price Target: $60.70

    • Retained at sell at UBS; Price Target: $69.00 from $66.00

  • Woolworths Group (WOW)

    • Retained at neutral at Citi; Price Target: $33.00 from $34.00

  • Wisetech Global (WTC)

    • Retained at buy at Bell Potter; Price Target: $136.25 from $140.00


Scans

Top Gainers

Code Company Last % Chg
5GG Pentanet Ltd $0.05 +66.67%
CMD Cassius Mining Ltd $0.019 +26.67%
BUB Bubs Australia Ltd $0.12 +22.45%
RLT Renergen Ltd $0.47 +20.51%
EE1 EARTHS Energy Ltd $0.012 +20.00%
View all top gainers

Top Fallers

Code Company Last % Chg
GW1 Greenwing Resourc... $0.035 -20.46%
BRU Buru Energy Ltd $0.045 -19.64%
AU1 The Agency Group ... $0.018 -18.18%
AVM Advance Metals Ltd $0.036 -18.18%
RDG Resource Developm... $0.016 -15.79%
View all top fallers

52 Week Highs

Code Company Last % Chg
SOM Somnomed Ltd $0.595 +16.67%
GDM Great Divide Mini... $0.31 +10.71%
GNP Genusplus Group Ltd $2.80 +7.69%
VTX Vertex Minerals Ltd $0.285 +7.55%
CAY Canyon Resources Ltd $0.23 +6.98%
View all 52 week highs

52 Week Lows

Code Company Last % Chg
AU1 The Agency Group ... $0.018 -18.18%
VHM VHM Ltd $0.30 -14.29%
SLM Solis Minerals Ltd $0.065 -13.33%
QUE Queste Communicat... $0.04 -11.11%
NOR Norwood Systems Ltd $0.025 -10.71%
View all 52 week lows

Near Highs

Code Company Last % Chg
PCI Perpetual Credit ... $1.165 -0.43%
WVOL Ishares MSCI Worl... $42.65 +0.31%
AII Almonty Industrie... $1.06 +0.95%
IAGPF Insurance Austral... $104.49 -0.01%
GCI Gryphon Capital I... $2.06 0.00%
View all near highs

Relative Strength Index (RSI) Oversold

Code Company Last % Chg
NWH NRW Holdings Ltd $3.43 -0.29%
IIND Betashares India ... $11.55 -1.37%
AVH Avita Medical Inc $2.76 -2.13%
RFG Retail Food Group... $2.15 0.00%
SDV Scidev Ltd $0.48 -3.03%
View all RSI oversold

Written By

Carl Capolingua

Content Editor

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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