ChartWatch ASX Scans: American Rare Earths, Nuix, Webjet, Chalice Mining, Liontown Resources, Wildcat Resources
Thu 04 Jul 24, 9:00am (AEST)
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Technical Analysis
/ChartWatch ASX Scans: Commonwealth Bank, Fisher & Paykel Healthcare, Graincorp, James Hardie, Karoon Energy, and Tyro Payments
Technical Analysis
ChartWatch ASX Scans: Commonwealth Bank, Fisher & Paykel Healthcare, Graincorp, James Hardie, Karoon Energy, and Tyro Payments
Wed 05 Jun 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists include: Commonwealth Bank (CBA), Vaneck Video Gaming and Esports ETF (ESPO), Fisher & Paykel Healthcare (FPH), Graincorp (GNC), L1 Long Short Fund (LSF), Regal Partners (RPL), and Summit Minerals (SUM)
- Interesting downtrends in today's Scan Lists include: James Hardie (JHX), Karoon Energy (KAR), Kogan (KGN), McMillan Shakespeare (MMS), Perpetual (PPT), Siteminder (SDR), Tyro Payments (TYR), Weebit Nano (WBT), Wildcat Resources (WC8), 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 % |
|---|---|---|---|---|
Commonwealth Bank of Australia. | CBA | $122.46 | +5.0% | +26.5% |
Droneshield | DRO | $1.280 | +46.3% | +374.1% |
Vaneck Video Gaming and Esports ETF | ESPO | $12.68 | +6.6% | +24.6% |
Fisher & Paykel Healthcare Corporation | FPH | $27.92 | +7.0% | +24.9% |
Graincorp | GNC | $8.87 | +9.4% | +18.6% |
L1 Long Short Fund | LSF | $3.20 | +7.0% | +14.7% |
Munro Global Growth Fund ETF | MAET | $6.18 | +4.6% | +33.2% |
Macmahon Holdings | MAH | $0.290 | +18.4% | +132.0% |
Macquarie Technology Group | MAQ | $87.44 | +2.3% | +43.8% |
Metro Mining | MMI | $0.049 | +19.5% | +145.0% |
Paragon Care | PGC | $0.390 | +23.8% | +56.0% |
Platinum Capital | PMC | $1.430 | +3.6% | +12.2% |
Regal Partners | RPL | $3.38 | +19.4% | +21.1% |
Step One Clothing | STP | $1.480 | +6.9% | +377.4% |
Summit Minerals | SUM | $0.255 | +75.9% | +104.0% |
Sovereign Metals | SVM | $0.660 | +29.4% | +59.0% |
VGI Partners Global Investments | VG1 | $1.920 | +7.9% | +19.3% |
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: Commonwealth Bank of Australia. (ASX: CBA), Vaneck Video Gaming and Esports ETF (ASX: ESPO), Fisher & Paykel Healthcare Corporation (ASX: FPH), Graincorp (ASX: GNC), L1 Long Short Fund (ASX: LSF), Regal Partners (ASX: RPL), Summit Minerals (ASX: SUM).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Abacus Group | ABG | $1.120 | -3.4% | -8.0% |
Adairs | ADH | $1.675 | -20.2% | -11.1% |
Ampol | ALD | $34.51 | -3.0% | +9.7% |
AMP | AMP | $1.070 | -2.3% | -4.0% |
Eagers Automotive | APE | $10.07 | -17.6% | -18.5% |
ASX | ASX | $62.89 | -2.2% | -7.4% |
Brickworks | BKW | $26.07 | -3.4% | +2.2% |
Brainchip Holdings | BRN | $0.245 | -9.3% | -44.9% |
Brambles | BXB | $14.20 | -1.3% | +3.4% |
Credit Corp Group | CCP | $13.85 | -11.1% | -18.3% |
Champion Iron | CIA | $6.75 | -3.4% | +18.8% |
Centuria Industrial Reit | CIP | $3.15 | -2.2% | -0.6% |
Collins Foods | CKF | $9.14 | -0.8% | +9.3% |
Charter Hall Long Wale Reit | CLW | $3.47 | +1.5% | -19.5% |
Centuria Office Reit | COF | $1.190 | +2.1% | -16.2% |
Charter Hall Social Infrastructure Reit | CQE | $2.42 | -3.6% | -17.7% |
Charter Hall Retail Reit | CQR | $3.29 | -1.2% | -12.0% |
Corporate Travel Management | CTD | $13.13 | -12.4% | -36.6% |
Clinuvel Pharmaceuticals | CUV | $14.60 | -2.7% | -19.5% |
Dicker Data | DDR | $9.13 | -12.8% | +8.7% |
Domain Holdings Australia | DHG | $2.88 | -7.4% | -17.9% |
Dexus | DXS | $6.78 | -3.7% | -16.2% |
GPT Group | GPT | $4.22 | +1.4% | +1.2% |
GWA Group | GWA | $2.26 | -11.4% | +27.7% |
IDP Education | IEL | $15.69 | -2.6% | -23.3% |
Imugene | IMU | $0.060 | -22.1% | -42.9% |
James Hardie Industries | JHX | $46.32 | -15.0% | +22.1% |
Karoon Energy | KAR | $1.715 | -9.7% | -13.0% |
Kogan.Com | KGN | $4.29 | -8.9% | -0.9% |
McMillan Shakespeare | MMS | $16.10 | -13.0% | +3.7% |
Mayne Pharma Group | MYX | $4.90 | -32.6% | +30.0% |
Nine Entertainment Co. Holdings | NEC | $1.420 | -2.7% | -25.5% |
Novonix | NVX | $0.710 | -13.4% | -23.7% |
OOH!Media | OML | $1.390 | -16.3% | +13.0% |
Pilbara Minerals | PLS | $3.75 | -10.5% | -13.6% |
Perpetual | PPT | $21.59 | -9.1% | -11.8% |
Platinum Asset Management | PTM | $1.010 | -3.8% | -41.3% |
Ridley Corporation | RIC | $2.08 | -5.0% | +8.3% |
Siteminder | SDR | $4.82 | -13.9% | +55.5% |
Smartgroup Corporation | SIQ | $7.98 | -10.0% | +9.4% |
Tyro Payments | TYR | $0.775 | -15.8% | -30.8% |
Weebit Nano | WBT | $2.24 | -24.6% | -66.8% |
Wildcat Resources | WC8 | $0.405 | -17.3% | +447.3% |
Woodside Energy Group | WDS | $27.43 | +0.4% | -19.7% |
Worley | WOR | $14.57 | -4.8% | -10.6% |
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: Eagers Automotive (ASX: APE), Credit Corp Group (ASX: CCP), James Hardie Industries (ASX: JHX), Karoon Energy (ASX: KAR), Kogan.Com (ASX: KGN), McMillan Shakespeare (ASX: MMS), Mayne Pharma Group (ASX: MYX), Perpetual (ASX: PPT), Siteminder (ASX: SDR), Smartgroup Corporation (ASX: SIQ), Tyro Payments (ASX: TYR), Weebit Nano (ASX: WBT), Wildcat Resources (ASX: WC8), 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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