Evening Wrap: ASX 200 higher, Wesfarmers soars on Goldman Sachs upgrade, Energy stocks slump
Fri 24 Jan 25, 4:57pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Capricorn Metals, Catalyst Metals, Hub24, Qantas, APA Group, Dexus, Megaport, Metcash, Worley
Technical Analysis
ChartWatch ASX Scans: Capricorn Metals, Catalyst Metals, Hub24, Qantas, APA Group, Dexus, Megaport, Metcash, Worley
Mon 04 Nov 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Aurum Resources (AUE), Capricorn Metals (CMM), Catalyst Metals (CYL), Hub24 (HUB), Objective Corp (OCL), Pointsbet (PBH), Qantas (QAN), SKS Technologies (SKS), Sovereign Metals (SVM).
- Interesting downtrends in today's Scans: APA (APA), Cooper Energy (COE), CSL (CSL), Clinuvel Pharma (CUV), Dexus (DXS), Megaport (MP1), Metcash (MTS), Ramsay Health Care (RHC), Star Entertainment (SGR), Smartgroup (SIQ), Worley (WOR), Woolworths (WOW).
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 % |
Aurum Resources | AUE | $0.520 | +23.8% | +372.7% |
Austin Metals | AZ9 | $0.088 | +183.9% | -53.7% |
Catapult Group International | CAT | $2.73 | +13.3% | +203.3% |
Capricorn Metals | CMM | $6.50 | +11.3% | +38.0% |
Catalyst Metals | CYL | $3.54 | +21.2% | +405.7% |
Hub24 | HUB | $69.53 | +16.7% | +130.0% |
Judo Capital | JDO | $1.895 | +12.8% | +124.3% |
Metals X | MLX | $0.495 | +15.1% | +76.8% |
Nova Minerals | NVA | $0.280 | +93.1% | +5.7% |
NRW | NWH | $3.87 | +6.6% | +54.8% |
Netwealth Group | NWL | $27.97 | +12.3% | +120.2% |
Objective Corporation | OCL | $16.45 | +7.9% | +55.0% |
Pointsbet | PBH | $0.860 | +26.5% | +114.9% |
Qantas Airways | QAN | $8.17 | +17.2% | +66.4% |
SKS Technologies Group | SKS | $1.590 | +10.4% | +996.6% |
Smart Parking | SPZ | $0.730 | +16.8% | +102.8% |
SRG Global | SRG | $1.155 | +4.1% | +84.8% |
Sovereign Metals | SVM | $0.830 | +19.4% | +88.6% |
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: Aurum Resources (ASX: AUE), Capricorn Metals (ASX: CMM), Catalyst Metals (ASX: CYL), Hub24 (ASX: HUB), Objective Corporation (ASX: OCL), Pointsbet (ASX: PBH), Qantas Airways (ASX: QAN), SKS Technologies Group (ASX: SKS), Sovereign Metals (ASX: SVM).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Audinate Group | AD8 | $8.99 | -6.6% | -28.2% |
Auckland International Airport | AIA | $6.56 | -3.0% | -3.0% |
APA Group | APA | $6.80 | -12.3% | -17.5% |
Bapcor | BAP | $4.51 | -14.7% | -16.5% |
BWP Trust | BWP | $3.42 | -7.3% | +5.2% |
Centuria Industrial Reit | CIP | $3.04 | -6.2% | +7.0% |
Collins Foods | CKF | $8.27 | -5.7% | -9.0% |
Cooper Energy | COE | $0.165 | -15.4% | +71.9% |
Charter Hall Retail Reit | CQR | $3.36 | -6.1% | +10.2% |
CSL | CSL | $281.62 | -2.4% | +21.2% |
Corporate Travel Management | CTD | $11.80 | -6.4% | -28.7% |
Cettire | CTT | $1.430 | -22.1% | -44.1% |
Clinuvel Pharmaceuticals | CUV | $13.73 | -1.9% | -6.5% |
Dexus Industria Reit. | DXI | $2.67 | -4.0% | +12.2% |
Dexus | DXS | $7.07 | -9.5% | +9.1% |
Infomedia | IFM | $1.400 | -8.2% | -2.1% |
Ingenia Communities Group | INA | $4.71 | -6.5% | +20.8% |
Johns Lyng Group | JLG | $3.73 | +0.8% | -38.9% |
Lifestyle Communities | LIC | $8.53 | -4.5% | -44.5% |
Lovisa | LOV | $29.62 | -16.5% | +71.0% |
Megaport | MP1 | $6.81 | -7.2% | -28.4% |
Metcash | MTS | $3.03 | -14.9% | -16.8% |
Nine Entertainment | NEC | $1.160 | -6.5% | -37.1% |
Patriot Battery Metals | PMT | $0.375 | -13.8% | -68.4% |
Ramsay Health Care | RHC | $39.28 | -8.0% | -19.3% |
Steadfast Group | SDF | $5.43 | -2.3% | +1.3% |
The Star Entertainment Group | SGR | $0.225 | -13.5% | -63.4% |
Smartgroup Corporation | SIQ | $7.57 | -8.0% | -10.4% |
Super Retail Group | SUL | $14.23 | -21.9% | +11.0% |
Tabcorp | TAH | $0.455 | -2.2% | -41.3% |
Treasury Wine Estates | TWE | $11.12 | -7.7% | -6.1% |
Worley | WOR | $13.82 | -5.9% | -14.6% |
Woolworths Group | WOW | $29.80 | -9.7% | -14.4% |
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: APA Group (ASX: APA), Cooper Energy (ASX: COE), CSL (ASX: CSL), Clinuvel Pharmaceuticals (ASX: CUV), Dexus (ASX: DXS), Megaport (ASX: MP1), Metcash (ASX: MTS), Nine Entertainment (ASX: NEC), Ramsay Health Care (ASX: RHC), The Star Entertainment Group (ASX: SGR), Smartgroup Corporation (ASX: SIQ), Worley (ASX: WOR), Woolworths Group (ASX: WOW).
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-years 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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