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/ChartWatch ASX Scans: Energy One, Southern Cross Electrical Engineering, Treasury Wine Estates, Bluescope Steel, Cettire, Sims
Technical Analysis
ChartWatch ASX Scans: Energy One, Southern Cross Electrical Engineering, Treasury Wine Estates, Bluescope Steel, Cettire, Sims
Thu 20 Jun 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists: Energy One (EOL), Findi (FND), GQG Partners (GQG), National Australia Bank (NAB), Pro Medicus (PME), Polynovo (PNV), Superloop (SLC), Southern Cross Electrical (SXE), and Treasury Wine (TWE)
- Interesting downtrends in today's Scan Lists: Bluescope (BSL), Cettire (CTT), Chorus (CNU), Domino's Pizza (DMP), EVT (EVT), Iluka (ILU), Kelsian (KLS), Monadelphous (MND), Reliance Worldwide (RWC), Sims (SGM), and Skycity Entertainment (SKC)
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 % |
Argenica Therapeutics | AGN | $0.880 | +22.2% | +125.6% |
ALS | ALQ | $14.53 | +5.4% | +24.2% |
Austin Engineering | ANG | $0.575 | +5.5% | +117.0% |
Aroa Biosurgery | ARX | $0.645 | +29.0% | -26.7% |
BetaShares Asia Technology Tigers ETF | ASIA | $9.35 | +3.4% | +24.2% |
AUB Group | AUB | $31.40 | +4.9% | +14.1% |
Breville Group | BRG | $28.36 | +11.2% | +45.7% |
Catapult Group International | CAT | $1.850 | +26.3% | +93.7% |
Codan | CDA | $11.42 | +6.7% | +47.4% |
Calima Energy | CE1 | $0.010 | +177.8% | +296.8% |
Coles Group | COL | $17.37 | +6.7% | -4.0% |
Cyprium Metals | CYM | $0.045 | +9.8% | -37.2% |
Dalrymple Bay Infrastructure/Notes | DBI | $2.94 | +0.3% | +10.5% |
BetaShares Global Healthcare Hedged ETF | DRUG | $8.71 | 0% | +11.2% |
Diversified United Investment | DUI | $5.22 | +3.6% | +7.0% |
Emeco | EHL | $0.735 | +0.7% | +8.1% |
Vaneck MSCI Multifactor EM Markets Equity ETF | EMKT | $25.42 | +3.1% | +19.3% |
Energy One | EOL | $4.46 | +4.0% | +56.9% |
Frontier Energy | FHE | $0.485 | +36.6% | +18.3% |
Findi | FND | $4.08 | +34.2% | +655.6% |
Fisher & Paykel Healthcare Corporation | FPH | $28.82 | +9.3% | +32.4% |
Global Data Centre Group | GDC | $3.22 | +15.0% | +92.8% |
GQG Partners Inc. | GQG | $2.78 | +12.1% | +86.6% |
Insurance Australia Group | IAG | $6.73 | +5.5% | +22.1% |
JB HI-FI | JBH | $64.74 | +14.5% | +50.3% |
Jumbo Interactive | JIN | $16.80 | -2.7% | +15.4% |
Kelly Partners Group | KPG | $7.96 | +16.7% | +77.3% |
Munro Climate Change Leaders Fund ETF | MCCL | $15.36 | +8.2% | +55.5% |
Mitre Mining Corporation | MMC | $0.740 | -12.9% | +142.6% |
Macquarie Group | MQG | $197.79 | +1.9% | +7.3% |
National Australia Bank | NAB | $36.17 | +4.1% | +39.9% |
NRW | NWH | $3.06 | +12.5% | +30.8% |
News Corporation | NWS | $41.60 | +2.5% | +45.0% |
Propel Funeral Partners | PFP | $5.79 | +4.3% | +33.1% |
Paragon Care | PGC | $0.410 | +13.9% | +70.8% |
Plenti Group | PLT | $0.800 | +20.3% | +95.1% |
Pro Medicus | PME | $135.98 | +17.2% | +97.6% |
Pinnacle Investment Management Group | PNI | $13.66 | +5.9% | +44.7% |
Polynovo | PNV | $2.42 | +16.9% | +60.8% |
PYC Therapeutics | PYC | $0.115 | +15.0% | +119.6% |
Rincon Resources | RCR | $0.115 | +4.5% | +51.3% |
REA Group | REA | $192.15 | +2.0% | +39.8% |
Retail Food Group | RFG | $0.081 | +14.1% | +62.0% |
Regal Asian Investments | RG8 | $2.16 | +4.3% | +9.6% |
Rpmglobal | RUL | $2.65 | +11.3% | +79.7% |
Global X Semiconductor ETF | SEMI | $19.44 | +16.2% | +67.6% |
Sigma Healthcare | SIG | $1.300 | +4.8% | +67.3% |
Superloop | SLC | $1.535 | +15.4% | +132.6% |
Southern Cross Electrical Engineering | SXE | $1.670 | +9.9% | +156.9% |
Treasury Wine Estates | TWE | $12.41 | +8.6% | +10.2% |
VGI Partners Global Investments | VG1 | $1.920 | +1.9% | +16.4% |
Vanguard FTSE Emerging Markets Shares ETF | VGE | $73.75 | -0.3% | +9.4% |
Zip Co. | ZIP | $1.440 | +14.3% | +200.0% |
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: Argenica Therapeutics (ASX: AGN), BetaShares Asia Technology Tigers ETF (ASX: ASIA), Calima Energy (ASX: CE1), Coles Group (ASX: COL), Energy One (ASX: EOL), Findi (ASX: FND), GQG Partners Inc. (ASX: GQG), Insurance Australia Group (ASX: IAG), National Australia Bank (ASX: NAB), Pro Medicus (ASX: PME), Pinnacle Investment Management Group (ASX: PNI), Polynovo (ASX: PNV), Superloop (ASX: SLC), Southern Cross Electrical Engineering (ASX: SXE), Treasury Wine Estates (ASX: TWE).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
AMP | AMP | $1.050 | -4.1% | -8.7% |
Arafura Rare Earths | ARU | $0.170 | -12.8% | -48.5% |
ASX | ASX | $57.55 | -8.5% | -7.0% |
Aurizon | AZJ | $3.58 | -4.3% | -4.8% |
Beach Energy | BPT | $1.465 | -14.3% | +8.1% |
Bluescope Steel | BSL | $20.05 | -7.5% | -4.7% |
Centuria Industrial Reit | CIP | $3.10 | -3.7% | -0.3% |
Charter Hall Long Wale Reit | CLW | $3.42 | -4.2% | -16.0% |
Chorus | CNU | $6.73 | +1.2% | -13.2% |
Charter Hall Social Infrastructure Reit | CQE | $2.39 | -6.3% | -19.8% |
Charter Hall Retail Reit | CQR | $3.28 | -3.0% | -9.6% |
Cettire | CTT | $2.22 | -14.3% | +8.8% |
Domino's Pizza | DMP | $36.32 | -1.8% | -17.2% |
Dexus | DXS | $6.54 | -7.5% | -18.1% |
Ebos Group | EBO | $29.51 | -8.1% | -9.1% |
EVT | EVT | $11.05 | -6.1% | -9.9% |
Fortescue | FMG | $21.86 | -19.8% | -2.9% |
GPT Group | GPT | $3.97 | -9.2% | -3.4% |
Healthco Healthcare and Wellness Reit | HCW | $1.130 | -1.3% | -19.6% |
Iluka Resources | ILU | $6.35 | -19.2% | -46.8% |
Ioneer | INR | $0.140 | -39.1% | -58.8% |
Kelsian Group | KLS | $4.94 | -6.6% | -31.7% |
Arcadium Lithium | LTM | $5.06 | -29.8% | 0% |
Liontown Resources | LTR | $1.000 | -32.9% | -64.3% |
Magellan Financial | MFG | $8.22 | -3.9% | -1.8% |
Monadelphous | MND | $12.91 | -1.8% | +5.1% |
NIB | NHF | $7.30 | +2.5% | -16.0% |
Novonix | NVX | $0.650 | -26.1% | -42.0% |
Reliance Worldwide | RWC | $4.56 | -9.2% | +8.8% |
Sims | SGM | $10.38 | -5.1% | -32.6% |
Skycity Entertainment | SKC | $1.300 | -16.7% | -36.3% |
Strike Energy | STX | $0.200 | -4.8% | -57.9% |
Sayona Mining | SYA | $0.034 | -30.6% | -81.6% |
Terracom | TER | $0.200 | -16.7% | -57.0% |
Talga Group | TLG | $0.560 | -29.1% | -57.9% |
Vicinity Centres | VCX | $1.865 | -3.9% | 0% |
Viva Energy Group | VEA | $3.19 | -7.5% | +7.0% |
Waypoint Reit | WPR | $2.32 | -4.1% | -14.1% |
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: Aurizon (ASX: AZJ), Bluescope Steel (ASX: BSL), Cettire (ASX: CTT), Chorus (ASX: CNU), Domino's Pizza Enterprises (ASX: DMP), EVT (ASX: EVT), Iluka Resources (ASX: ILU), Kelsian Group (ASX: KLS), Monadelphous Group (ASX: MND), Reliance Worldwide Corporation (ASX: RWC), Sims (ASX: SGM), Skycity Entertainment Group (ASX: SKC).
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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