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/ChartWatch ASX Scans: Catapult International, CSL, Encounter Resources, Zip Co, Dexus, Megaport, Mirvac Group
Technical Analysis
ChartWatch ASX Scans: Catapult International, CSL, Encounter Resources, Zip Co, Dexus, Megaport, Mirvac Group
Fri 28 Jun 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists: Catapult International (CAT), CSL (CSL), Encounter Resources (ENR), Electro Optic Systems (EOS), Light & Wonder (LNW), Medadvisor (MDR), Paragon Care (PGC), Polynovo (PNV), Technology One (TNE), and Zip Co. (ZIP)
- Interesting downtrends in today's Scan Lists: Dexus (DXS), Healthco Healthcare and Wellness Reit (HCW), Kogan.Com (KGN), Lynas Rare Earths (LYC), Mirvac Group (MGR), Megaport (MP1), OOH!Media (OML), and Wildcat Resources (WC8)
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 % |
|---|---|---|---|---|
Life360 | 360 | $16.18 | +5.1% | +128.5% |
AGL Energy | AGL | $10.72 | +3.8% | -2.4% |
Aristocrat Leisure | ALL | $49.43 | +10.1% | +30.6% |
Austin Engineering | ANG | $0.575 | +5.5% | +117.0% |
Ansell | ANN | $26.36 | +5.4% | +1.8% |
Arena Reit. | ARF | $3.92 | +3.4% | +5.4% |
Austal | ASB | $2.47 | +2.1% | +3.8% |
BetaShares S&P/ASX Australian Tech ETF | ATEC | $24.19 | +1.6% | +32.3% |
AUB Group | AUB | $31.45 | +9.8% | +11.7% |
Bendigo and Adelaide Bank | BEN | $11.54 | +5.4% | +38.4% |
Botanix Pharmaceuticals | BOT | $0.365 | +21.7% | +231.8% |
Capitol Health | CAJ | $0.310 | +29.2% | +10.7% |
Catapult Group International | CAT | $1.945 | +26.7% | +111.4% |
Commonwealth Bank of Australia | CBA | $126.20 | +4.9% | +28.9% |
Codan | CDA | $11.83 | +10.5% | +60.3% |
Cooper Energy | COE | $0.225 | 0% | +40.6% |
Coles Group | COL | $17.20 | +4.9% | -5.9% |
Clearvue Technologies | CPV | $0.570 | +14.0% | +245.5% |
CSL | CSL | $295.16 | +4.7% | +5.4% |
Clarity Pharmaceuticals | CU6 | $5.07 | +12.7% | +611.3% |
BetaShares Global Healthcare ETF | DRUG | $8.79 | +1.6% | +12.4% |
Data#3 | DTL | $8.36 | +12.7% | +21.5% |
DUG Technology | DUG | $2.74 | +1.5% | +142.5% |
Diversified United Investment | DUI | $5.33 | +4.5% | +9.7% |
Encounter Resources | ENR | $0.635 | +81.4% | +144.2% |
Electro Optic Systems | EOS | $1.575 | +12.5% | +88.6% |
Frontier Energy | FHE | $0.480 | +14.3% | +29.7% |
Genusplus Group | GNP | $1.970 | +6.2% | +87.6% |
GQG Partners | GQG | $2.78 | +13.5% | +105.2% |
Hub24 | HUB | $46.14 | +14.4% | +78.8% |
Insurance Australia Group | IAG | $6.66 | +3.9% | +19.8% |
Integral Diagnostics | IDX | $2.65 | +10.0% | -18.2% |
IPD Group | IPG | $4.69 | +7.3% | +10.8% |
Jumbo Interactive | JIN | $17.64 | +9.1% | +27.4% |
Light & Wonder | LNW | $157.13 | +9.9% | +67.1% |
Lovisa | LOV | $33.01 | +1.1% | +80.4% |
Macquarie Technology Group | MAQ | $92.76 | +11.7% | +42.5% |
Medadvisor | MDR | $0.490 | +12.6% | +127.9% |
Macquarie Group | MQG | $203.81 | +6.2% | +18.0% |
Vaneck Australian Banks ETF | MVB | $34.90 | +3.0% | +25.2% |
National Australia Bank | NAB | $36.03 | +5.1% | +40.9% |
Navigator Global Investments | NGI | $2.04 | +14.3% | +71.2% |
Netwealth Group | NWL | $22.30 | +11.8% | +65.4% |
News Corporation | NWS | $43.08 | +4.6% | +51.9% |
Nuix | NXL | $3.05 | +3.0% | +265.3% |
OFX Group | OFX | $2.19 | +5.8% | +16.2% |
Origin Energy | ORG | $10.95 | +5.7% | +29.9% |
Pacific Current Group | PAC | $10.80 | +5.7% | +48.8% |
Paragon Care | PGC | $0.440 | +14.3% | +79.6% |
Pro Medicus | PME | $139.81 | +22.3% | +113.6% |
Premier Investments | PMV | $31.80 | +7.9% | +61.2% |
Pinnacle Investment Management | PNI | $14.15 | +8.1% | +49.9% |
Polynovo | PNV | $2.44 | +15.1% | +75.5% |
REA Group | REA | $196.36 | +6.4% | +46.8% |
Regis Healthcare | REG | $4.39 | +11.4% | +109.0% |
Regal Investment Fund | RF1 | $3.37 | +4.3% | +24.4% |
Rpmglobal | RUL | $2.87 | +7.5% | +96.6% |
Steadfast Group | SDF | $6.08 | +9.4% | +1.5% |
SG Fleet Group | SGF | $3.22 | +7.0% | +44.4% |
Stanmore Resources | SMR | $3.57 | +10.9% | +42.5% |
Service Stream | SSM | $1.280 | +6.7% | +56.1% |
Suncorp Group | SUN | $16.80 | +4.3% | +25.6% |
Technology One | TNE | $18.45 | +4.1% | +20.7% |
Tuas | TUA | $4.33 | +10.7% | +126.7% |
Treasury Wine Estates | TWE | $12.48 | +7.4% | +8.4% |
Veem | VEE | $1.750 | -5.9% | +316.7% |
VGI Partners Global Investments | VG1 | $1.940 | +1.3% | +19.4% |
Ventia Services Group | VNT | $3.81 | +7.3% | +30.5% |
West African Resources | WAF | $1.610 | +11.0% | +96.3% |
Westpac Banking Corporation | WBC | $27.09 | +1.7% | +31.7% |
Webjet | WEB | $9.01 | +4.2% | +33.9% |
Wisetech Global | WTC | $98.34 | +0.0% | +27.3% |
Xero | XRO | $135.44 | +1.4% | +19.7% |
Yancoal Australia | YAL | $6.40 | -2.6% | +44.8% |
Zip Co. | ZIP | $1.495 | +21.1% | +264.6% |
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: Catapult Group International (ASX: CAT), Coles Group (ASX: COL), CSL (ASX: CSL), Encounter Resources (ASX: ENR), Electro Optic Systems (ASX: EOS), Genusplus Group (ASX: GNP), Hub24 (ASX: HUB), Light & Wonder (ASX: LNW), Medadvisor (ASX: MDR), Macquarie Group (ASX: MQG), Netwealth Group (ASX: NWL), Origin Energy (ASX: ORG), Paragon Care (ASX: PGC), Pinnacle Investment Management Group (ASX: PNI), Polynovo (ASX: PNV), SG Fleet Group (ASX: SGF), Technology One (ASX: TNE), Treasury Wine Estates (ASX: TWE), West African Resources (ASX: WAF), Zip Co. (ASX: ZIP).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Aussie Broadband | ABB | $3.43 | -0.3% | +18.7% |
Adairs | ADH | $1.810 | +2.0% | +37.1% |
Cromwell Property Group | CMW | $0.400 | -13.0% | -21.6% |
Centuria Office Reit | COF | $1.120 | -9.3% | -18.5% |
Dexus | DXS | $6.44 | -6.5% | -15.5% |
GDI Property Group | GDI | $0.565 | -5.8% | -15.0% |
Growthpoint Properties Australia | GOZ | $2.18 | -9.9% | -21.0% |
Healthco Healthcare & Wellness Reit | HCW | $1.080 | -5.3% | -17.6% |
Imugene | IMU | $0.054 | -21.7% | -40.7% |
Kogan.Com | KGN | $4.17 | -9.2% | -14.5% |
Lotus Resources | LOT | $0.325 | -27.8% | +80.6% |
Lynas Rare Earths | LYC | $5.95 | -11.5% | -14.8% |
Meteoric Resources | MEI | $0.155 | -20.5% | -26.2% |
Mirvac Group | MGR | $1.810 | -8.8% | -17.7% |
Megaport | MP1 | $11.55 | -16.9% | +67.4% |
Monash IVF Group | MVF | $1.300 | -9.4% | +14.0% |
OOH!Media | OML | $1.345 | -8.5% | +18.0% |
Predictive Discovery | PDI | $0.160 | -13.5% | 0% |
Patriot Battery Metals | PMT | $0.565 | -36.5% | -70.1% |
Renascor Resources | RNU | $0.088 | -20.0% | -49.7% |
Wildcat Resources | WC8 | $0.320 | -33.3% | +166.7% |
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: Centuria Office Reit (ASX: COF), Dexus (ASX: DXS), Growthpoint Properties Australia (ASX: GOZ), Healthco Healthcare and Wellness Reit (ASX: HCW), Kogan.Com (ASX: KGN), Lynas Rare Earths (ASX: LYC), Mirvac Group (ASX: MGR), Megaport (ASX: MP1), OOH!Media (ASX: OML), Wildcat Resources (ASX: WC8).
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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