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/ChartWatch ASX Scans: Droneshield, Lovisa, PYC Therapeutics, Ventia Services, Seek, IGO, Wildcat Resources
Technical Analysis
ChartWatch ASX Scans: Droneshield, Lovisa, PYC Therapeutics, Ventia Services, Seek, IGO, Wildcat Resources
Fri 21 Jun 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists: Austin Engineering (ANG), Ansell (ANN), Breville (BRG), Commonwealth Bank (CBA), Droneshield (DRO), Findi (FND), Jumbo Interactive (JIN), PYC Therapeutics (PYC), Treasury Wine (TWE), and Ventia Services (VNT)
- Interesting downtrends in today's Scan Lists: Bluescope Steel (BSL), Dexus (DXS), IDP Education (IEL), IGO (IGO), Lendlease (LLC), Nexgen Energy (NXG), Orora (ORA), Seek (SEK), Skycity Entertainment (SKC), 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 % |
|---|---|---|---|---|
ALS | ALQ | $14.49 | +0.1% | +24.1% |
Austin Engineering | ANG | $0.585 | +6.4% | +120.8% |
Ansell | ANN | $26.33 | +3.8% | +0.4% |
ANZ Group | ANZ | $29.19 | +3.1% | +23.6% |
Arena Reit. | ARF | $3.88 | +1.3% | +0.8% |
BetaShares Asia Tech Tigers ETF | ASIA | $9.42 | +4.8% | +27.1% |
AUB Group | AUB | $31.48 | +6.2% | +15.4% |
Australian United Investment | AUI | $10.43 | +0.6% | +7.3% |
Biome Australia | BIO | $0.460 | +48.4% | +513.3% |
Bisalloy Steel Group | BIS | $4.00 | +6.4% | +128.8% |
Breville Group | BRG | $28.75 | +10.7% | +46.8% |
Commonwealth Bank | CBA | $127.75 | +4.9% | +27.1% |
Droneshield | DRO | $1.700 | +91.0% | +623.4% |
Diversified United Investment | DUI | $5.25 | +4.0% | +6.3% |
Dimerix | DXB | $0.610 | +76.8% | +951.7% |
Emeco | EHL | $0.735 | +2.8% | +9.7% |
Equinox Resources | EQN | $0.400 | +60.0% | +122.2% |
BetaShares Global Sustainability ETF | ETHI | $15.00 | +1.6% | +21.5% |
Frontier Energy | FHE | $0.485 | +24.4% | +21.3% |
Findi | FND | $4.32 | +14.6% | +700.0% |
Goodman Group | GMG | $35.54 | +5.3% | +73.1% |
Jumbo Interactive | JIN | $17.24 | -0.1% | +18.7% |
LGI | LGI | $3.05 | +1.0% | +32.6% |
Lovisa | LOV | $33.27 | +3.7% | +78.0% |
Munro Global Growth Fund ETF | MAET | $6.57 | +7.2% | +40.7% |
Munro Climate Change Leaders ETF | MCCL | $15.40 | +7.1% | +56.3% |
Medadvisor | MDR | $0.440 | +37.5% | +91.3% |
Mitre Mining Corp | MMC | $0.810 | +5.2% | +170.0% |
Metro Mining | MMI | $0.048 | +11.6% | +140.0% |
Macquarie Group | MQG | $196.50 | +1.7% | +6.8% |
Vaneck Australian Banks ETF | MVB | $35.17 | +2.8% | +21.8% |
Mystate | MYS | $3.83 | +6.4% | +23.5% |
NRW | NWH | $3.12 | +13.9% | +32.2% |
Netwealth Group | NWL | $21.74 | +6.9% | +58.0% |
News Corporation | NWS | $41.55 | +2.1% | +44.4% |
Ora Banda Mining | OBM | $0.370 | +7.2% | +174.1% |
Origin Energy | ORG | $10.42 | +4.1% | +22.7% |
Propel Funeral Partners | PFP | $5.81 | +4.9% | +35.4% |
Paragon Care | PGC | $0.415 | +12.2% | +72.9% |
Pinnacle Investment Management | PNI | $13.94 | +7.6% | +46.3% |
Pantoro | PNR | $0.092 | 0% | +37.3% |
Polynovo | PNV | $2.41 | +17.6% | +54.0% |
PYC Therapeutics | PYC | $0.135 | +28.6% | +144.0% |
Vaneck MSCI International Quality ETF | QUAL | $57.57 | +4.9% | +33.2% |
Regis Healthcare | REG | $4.45 | +10.4% | +99.6% |
Regal Asian Investments | RG8 | $2.16 | +4.3% | +8.5% |
Global X Semiconductor ETF | SEMI | $19.52 | +14.2% | +69.4% |
SG Fleet Group | SGF | $3.15 | +1.6% | +44.5% |
Spartan Resources | SPR | $0.820 | +11.6% | +400.2% |
Suncorp Group | SUN | $16.71 | +3.6% | +23.5% |
Southern Cross Electrical Engineering | SXE | $1.735 | +10.9% | +171.1% |
Telix Pharmaceuticals | TLX | $18.14 | +18.0% | +59.0% |
Treasury Wine Estates | TWE | $12.43 | +7.8% | +10.0% |
Universal Store | UNI | $5.20 | -2.6% | +92.6% |
Ventia Services Group | VNT | $3.89 | +9.6% | +38.9% |
Westpac Banking Corp | WBC | $27.25 | +0.7% | +29.5% |
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: Austin Engineering (ASX: ANG), Ansell (ASX: ANN), Breville Group (ASX: BRG), Commonwealth Bank of Australia (ASX: CBA), Droneshield (ASX: DRO), Findi (ASX: FND), Jumbo Interactive (ASX: JIN), Pinnacle Investment Management Group (ASX: PNI), PYC Therapeutics (ASX: PYC), Regis Healthcare (ASX: REG), Global X Semiconductor ETF (ASX: SEMI), Treasury Wine Estates (ASX: TWE), Ventia Services Group (ASX: VNT).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Ampol | ALD | $33.06 | -5.6% | +9.6% |
Boss Energy | BOE | $4.15 | -29.2% | +29.7% |
Bluescope Steel | BSL | $19.94 | -5.6% | -4.5% |
Brambles | BXB | $14.14 | -0.9% | +1.1% |
Champion Iron | CIA | $6.51 | -15.0% | +3.0% |
Dexus | DXS | $6.43 | -9.8% | -19.7% |
Fortescue | FMG | $21.90 | -18.9% | -1.9% |
Hansen Technologies | HSN | $4.20 | -9.9% | -17.3% |
IDP Education | IEL | $14.81 | -14.2% | -38.9% |
IGO | IGO | $5.86 | -26.3% | -60.2% |
James Hardie Industries | JHX | $47.43 | +1.6% | +18.0% |
Lendlease Group | LLC | $5.37 | -12.3% | -26.2% |
Arcadium Lithium | LTM | $5.03 | -29.6% | 0% |
Liontown Resources | LTR | $0.985 | -32.3% | -64.8% |
Mineral Resources | MIN | $59.96 | -24.3% | -18.3% |
NIB | NHF | $7.23 | +2.1% | -17.8% |
Novonix | NVX | $0.650 | -24.9% | -44.2% |
Nexgen Energy | NXG | $10.43 | -15.5% | +53.2% |
Orora | ORA | $1.950 | -9.3% | -34.6% |
Pilbara Minerals | PLS | $3.20 | -22.9% | -33.6% |
Ramsay Health Care | RHC | $48.71 | -0.5% | -16.1% |
Seek | SEK | $22.42 | -4.4% | +0.9% |
Skycity Entertainment | SKC | $1.280 | -21.0% | -36.9% |
Syrah Resources | SYR | $0.375 | -27.2% | -55.3% |
Vulcan Steel | VSL | $6.81 | -3.4% | -13.4% |
Weebit Nano | WBT | $2.28 | +2.7% | -65.8% |
Wildcat Resources | WC8 | $0.340 | -35.8% | +172.0% |
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: Bluescope Steel (ASX: BSL), Dexus (ASX: DXS), IDP Education (ASX: IEL), IGO (ASX: IGO), Lendlease Group (ASX: LLC), Nexgen Energy (ASX: NXG), Orora (ASX: ORA), Seek (ASX: SEK), Skycity Entertainment Group (ASX: SKC), 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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