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Technical Analysis
/ChartWatch ASX Scans: Aristocrat Leisure, Ansell, ANZ, CSL, Iluka Resources, Karoon Energy, Lendlease
Technical Analysis
ChartWatch ASX Scans: Aristocrat Leisure, Ansell, ANZ, CSL, Iluka Resources, Karoon Energy, Lendlease
Wed 19 Jun 24, 9:00am (AEST)
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Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists: Aristocrat (ALL), Ansell (ANN), ANZ (ANZ), Commonwealth Bank (CBA), Coles (COL), CSL (CSL), National Australia Bank (NAB), OFX (OFX), Origin (ORG), Polynovo (PNV), and Summit Minerals (SUM)
- Interesting downtrends in today's Scan Lists: GPT Group (GPT), Hansen Technologies (HSN), Iluka (ILU), Karoon (KAR), Lendlease (LLC), Mirvac (MGR), Nine (NEC), Regis Resources (RRL), Sims (SGM), Weebit Nano (WBT), Woodside Energy (WDS), and Worley (WOR)
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 % |
|---|---|---|---|---|
AGL Energy | AGL | $10.42 | +1.2% | +7.9% |
Argenica Therapeutics | AGN | $0.810 | +20.9% | +102.5% |
Aristocrat Leisure | ALL | $48.47 | +4.7% | +27.1% |
ALS | ALQ | $14.55 | +4.5% | +25.4% |
Austin Engineering | ANG | $0.580 | +13.7% | +123.1% |
Ansell | ANN | $26.36 | +1.4% | +0.3% |
ANZ Group | ANZ | $29.24 | +3.9% | +26.4% |
Australian Unity Office | AOF | $1.400 | +5.3% | +17.2% |
AUB Group | AUB | $31.18 | +1.8% | +16.7% |
Bisalloy Steel | BIS | $4.00 | +10.5% | +130.7% |
Commonwealth Bank | CBA | $127.98 | +5.7% | +30.6% |
Codan | CDA | $11.31 | +4.3% | +46.3% |
Cochlear | COH | $332.16 | +0.5% | +40.2% |
Coles Group | COL | $17.25 | +5.8% | -4.1% |
Computershare | CPU | $27.14 | +1.9% | +19.2% |
CSL | CSL | $293.87 | +5.0% | +5.1% |
Clarity Pharmaceuticals | CU6 | $5.24 | +26.6% | +582.6% |
Droneshield | DRO | $1.540 | +71.1% | +555.3% |
Diversified United Investment | DUI | $5.19 | +4.4% | +6.1% |
Vaneck MSCI Multifactor EM Markets ETF | EMKT | $25.31 | +2.7% | +18.7% |
Fisher & Paykel Healthcare | FPH | $28.91 | +9.6% | +34.1% |
Global Data Centre Group | GDC | $3.24 | +39.1% | +92.9% |
Generation Development Group | GDG | $2.33 | +6.9% | +91.5% |
BetaShares Global Sustainability ETF | HETH | $14.60 | +1.8% | +19.7% |
Helia Group | HLI | $4.22 | +3.7% | +38.0% |
Insurance Australia Group | IAG | $6.70 | +5.5% | +22.5% |
Infratil | IFT | $10.55 | +7.2% | +18.5% |
Imdex | IMD | $2.34 | +8.3% | +27.2% |
JB HI-FI | JBH | $64.51 | +12.9% | +51.5% |
Loftus Peak Global Disruption ETF | LPGD | $4.72 | +6.3% | +43.0% |
Munro Global Growth Fund ETF | MAET | $6.50 | +6.9% | +38.9% |
Macmahon | MAH | $0.295 | +18.0% | +118.5% |
Macquarie Technology Group | MAQ | $90.08 | -0.3% | +40.8% |
Medadvisor | MDR | $0.445 | +32.8% | +89.4% |
Macquarie Group | MQG | $195.66 | +2.5% | +7.4% |
Vaneck Australian Banks ETF | MVB | $35.14 | +3.6% | +23.9% |
Mystate | MYS | $3.81 | +6.7% | +21.3% |
National Australia Bank | NAB | $36.00 | +4.3% | +40.4% |
Navigator Global Investments | NGI | $2.05 | +10.5% | +68.1% |
NRW | NWH | $3.03 | +13.9% | +31.7% |
Ora Banda Mining | OBM | $0.380 | +18.8% | +192.3% |
OFX Group | OFX | $2.20 | +37.1% | +12.2% |
Origin Energy | ORG | $10.41 | +4.9% | +22.8% |
Paragon Care | PGC | $0.410 | +13.9% | +67.3% |
Pinnacle Investment Management | PNI | $13.40 | +3.2% | +40.8% |
Polynovo | PNV | $2.43 | +16.8% | +59.9% |
Race Oncology | RAC | $2.01 | +29.7% | +31.8% |
Regis Healthcare | REG | $4.30 | +5.4% | +95.5% |
Retail Food Group | RFG | $0.079 | +11.3% | +51.9% |
Superloop | SLC | $1.510 | +12.3% | +130.5% |
Summit Minerals | SUM | $0.490 | +276.9% | +276.9% |
Telix Pharmaceuticals | TLX | $17.20 | +11.3% | +56.4% |
Tuas | TUA | $4.43 | +13.3% | +148.2% |
Westpac Banking Corp | WBC | $27.22 | +1.7% | +32.9% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Aristocrat Leisure (ASX: ALL), ALS (ASX: ALQ), Ansell (ASX: ANN), ANZ Group (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), Coles Group (ASX: COL), CSL (ASX: CSL), Insurance Australia Group (ASX: IAG), National Australia Bank (ASX: NAB), OFX Group (ASX: OFX), Origin Energy (ASX: ORG), Polynovo (ASX: PNV), Summit Minerals (ASX: SUM).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Centuria Industrial Reit | CIP | $3.12 | -3.7% | +1.3% |
Charter Hall Long Wale Reit | CLW | $3.46 | -2.8% | -14.8% |
Centuria Office Reit | COF | $1.180 | -4.1% | -15.4% |
Corporate Travel | CTD | $13.31 | -9.8% | -32.8% |
Cettire | CTT | $2.25 | -16.7% | +17.8% |
Domain Australia | DHG | $2.89 | +2.1% | -15.5% |
Domino's Pizza | DMP | $36.91 | -1.1% | -13.4% |
Dexus | DXS | $6.45 | -8.8% | -18.8% |
EVT | EVT | $11.09 | -5.1% | -8.3% |
Fletcher Building | FBU | $2.71 | +0.7% | -41.1% |
Fortescue | FMG | $21.79 | -19.1% | -3.1% |
GPT Group | GPT | $3.98 | -7.9% | -2.9% |
Healthco Healthcare & Wellness Reit | HCW | $1.135 | -2.6% | -17.2% |
Hansen Technologies | HSN | $4.06 | -10.2% | -18.6% |
Iluka Resources | ILU | $6.37 | -19.4% | -46.2% |
Imugene | IMU | $0.056 | -22.2% | -46.7% |
Karoon Energy | KAR | $1.645 | -10.4% | -16.1% |
Lendlease Group | LLC | $5.40 | -11.6% | -24.8% |
Liontown Resources | LTR | $1.020 | -31.8% | -62.8% |
Lynas Rare Earths | LYC | $6.04 | -13.3% | -15.9% |
MA Financial Group | MAF | $4.28 | -7.0% | -16.1% |
Meteoric Resources | MEI | $0.170 | -8.1% | -20.9% |
Mirvac Group | MGR | $1.865 | -10.3% | -15.6% |
Nine Entertainment | NEC | $1.375 | -12.1% | -29.5% |
Nufarm | NUF | $4.70 | -6.4% | -6.4% |
Orora | ORA | $1.955 | -9.5% | -36.2% |
Patriot Battery Metals | PMT | $0.655 | -18.1% | -62.0% |
Perpetual | PPT | $21.30 | -4.1% | -15.9% |
Renascor Resources | RNU | $0.085 | -29.2% | -52.8% |
Regis Resources | RRL | $1.720 | -15.3% | -12.0% |
Seek | SEK | $22.92 | +0.7% | +6.3% |
Sims | SGM | $10.48 | -3.9% | -31.1% |
Sayona Mining | SYA | $0.035 | -34.0% | -80.0% |
Terracom | TER | $0.205 | -12.8% | -53.4% |
Talga Group | TLG | $0.565 | -28.9% | -58.0% |
Vicinity Centres | VCX | $1.855 | -4.1% | 0% |
Vulcan Steel | VSL | $6.81 | +0.1% | -11.1% |
Weebit Nano | WBT | $2.24 | 0% | -64.9% |
Woodside Energy | WDS | $26.94 | -2.1% | -21.8% |
Worley | WOR | $13.97 | -5.5% | -14.2% |
Waypoint Reit | WPR | $2.31 | -5.3% | -14.4% |
Today's Downtrends Scan List
Interesting charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Fletcher Building (ASX: FBU), GPT Group (ASX: GPT), Hansen Technologies (ASX: HSN), Iluka Resources (ASX: ILU), Karoon Energy (ASX: KAR), Lendlease Group (ASX: LLC), Mirvac Group (ASX: MGR), Nine Entertainment Co. (ASX: NEC), Orora (ASX: ORA), Regis Resources (ASX: RRL), Sims (ASX: SGM), Weebit Nano (ASX: WBT), Woodside Energy Group (ASX: WDS), Worley (ASX: WOR).
Charts of each below:
ChartWatch ASX Scans Criteria
Criteria for Uptrends List
Short term uptrend (ST trend ribbon is light green)
Long term uptrend or long term trend is transitioning from down to up (LT trend ribbon is dark green, or LT trend ribbon is amber and contracting)
Demand-side price action (rising peaks and rising troughs is preferred, but based upon weight of evidence of other criteria rising peaks only or rising troughs only may be permitted)
Predominance of demand-side candles (i.e., white bodies and or downward pointing shadows)
The last candle in particular is a strong demand-side candle
Criteria for Downtrends List
Short term downtrend (ST trend ribbon is light pink)
Long term downtrend or long term trend is transitioning from up to down (LT trend ribbon is dark pink, or LT trend ribbon is amber and contracting)
Supply-side price action (falling peaks and falling troughs is preferred, but based upon weight of evidence of other criteria falling peaks only or falling troughs only may be permitted)
Predominance of supply-side candles (i.e., black bodies and or upward pointing shadows)
The last candle in particular is a strong supply-side candle
Important considerations when using the ChartWatch ASX Scan Lists:
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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