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: Goodman, Neuren Pharma, News Corp, Audinate, Bluescope, Coronado, Domino's, Wildcat Resources
Technical Analysis
ChartWatch ASX Scans: Goodman, Neuren Pharma, News Corp, Audinate, Bluescope, Coronado, Domino's, Wildcat Resources
Tue 28 May 24, 10:05am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists include: Goodman Group (GMG), Neuren Pharmaceuticals (NEU), News Corporation (NWS), and Pinnacle Investment Management Group (PNI)
- Interesting downtrends in today's Scan Lists include: Audinate Group (AD8), Bluescope Steel (BSL), Coronado Global Resources Inc. (CRN), 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 List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
AIC Mines | A1M | $0.555 | +22.0% | +40.5% |
The A2 Milk Company | A2M | $7.28 | +23.0% | +35.8% |
AGL Energy | AGL | $10.48 | +11.8% | +17.0% |
ALS | ALQ | $14.22 | +8.8% | +14.7% |
Amcor | AMC | $15.07 | +9.8% | -1.2% |
Austin Engineering | ANG | $0.550 | +13.4% | +96.4% |
Arena Reit. | ARF | $3.85 | +9.1% | +4.6% |
Austal | ASB | $2.45 | +8.4% | +22.5% |
BetaShares Asia Technology Tigers ETF | ASIA | $9.01 | +6.0% | +28.5% |
Bendigo and Adelaide Bank | BEN | $10.97 | +13.1% | +25.7% |
BHP Group | BHP | $45.15 | +4.6% | +5.4% |
Bisalloy Steel Group | BIS | $3.86 | +15.6% | +113.7% |
Catapult Group International | CAT | $1.570 | +5.4% | +95.0% |
Centaurus Metals | CTM | $0.515 | +28.8% | -28.0% |
Clarity Pharmaceuticals | CU6 | $4.46 | +76.3% | +543.7% |
Catalyst Metals | CYL | $1.140 | +27.4% | +48.1% |
Devex Resources | DEV | $0.425 | +49.1% | +18.1% |
Droneshield | DRO | $0.960 | +15.7% | +236.8% |
Diversified United Investment | DUI | $5.10 | +2.8% | +3.4% |
Dimerix | DXB | $0.425 | +32.8% | +490.3% |
Emerald Resources | EMR | $3.78 | +10.9% | +90.4% |
Goodman Group | GMG | $34.45 | +11.8% | +71.4% |
Graincorp | GNC | $8.64 | +4.5% | +16.1% |
Helia Group | HLI | $4.13 | +3.3% | +30.3% |
Ingenia Communities Group | INA | $4.93 | +8.6% | +14.4% |
Lovisa Holdings | LOV | $32.90 | +8.3% | +49.3% |
L1 Long Short Fund | LSF | $3.13 | +5.0% | +9.4% |
Lycopodium | LYL | $12.63 | +5.8% | +24.8% |
Macmahon Holdings | MAH | $0.285 | +14.0% | +128.0% |
Munro Climate Change Leaders Fund ETF | MCCL | $15.19 | +11.3% | +64.4% |
Mitre Mining Corporation | MMC | $0.770 | +48.1% | +161.0% |
Mystate | MYS | $3.64 | +2.8% | +8.0% |
Neuren Pharmaceuticals | NEU | $23.97 | +24.2% | +65.4% |
Navigator Global Investments | NGI | $1.840 | +4.5% | +96.2% |
News Corporation | NWS | $41.64 | +8.4% | +48.8% |
OFX Group | OFX | $2.11 | +33.1% | +19.5% |
Pinnacle Investment Management Group | PNI | $13.39 | +21.7% | +50.8% |
Pantoro | PNR | $0.090 | +5.9% | +18.4% |
Perseus Mining | PRU | $2.48 | +6.9% | +26.9% |
Rincon Resources | RCR | $0.125 | +177.8% | +31.6% |
Regal Investment Fund | RF1 | $3.31 | +5.8% | +20.8% |
Rpmglobal Holdings | RUL | $2.64 | +11.4% | +98.5% |
Global X Semiconductor ETF | SEMI | $17.65 | +11.6% | +69.7% |
Superloop | SLC | $1.435 | +7.9% | +126.0% |
Silver Lake Resources | SLR | $1.585 | +10.1% | +48.1% |
Seven Group Holdings | SVW | $39.80 | +3.8% | +64.8% |
Southern Cross Gold | SXG | $3.00 | +30.4% | +450.7% |
VGI Partners Global Investments | VG1 | $1.910 | +5.2% | +20.5% |
Xero | XRO | $134.07 | +11.5% | +23.3% |
Yancoal Australia | YAL | $6.42 | +17.6% | +26.4% |
Today's uptrends 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: The A2 Milk Company (ASX: A2M), Centaurus Metals (ASX: CTM), Catalyst Metals (ASX: CYL), Devex Resources (ASX: DEV), Dimerix (ASX: DXB), Goodman Group (ASX: GMG), Munro Climate Change Leaders Fund ETF (ASX: MCC), Neuren Pharmaceuticals (ASX: NEU), Navigator Global Investments (ASX: NGI), News Corporation (ASX: NWS), OFX Group (ASX: OFX), Pinnacle Investment Management Group (ASX: PNI), Perseus Mining (ASX: PRU), Rincon Resources (ASX: RCR), Regal Investment Fund (ASX: RF1), Superloop (ASX: SLC), Silver Lake Resources (ASX: SLR), VGI Partners Global Investments (ASX: VG1), and Yancoal Australia (ASX: YAL).
Charts of each below:
Downtrends List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Audinate Group | AD8 | $15.98 | -14.1% | +78.3% |
Bluescope Steel | BSL | $21.22 | -6.2% | +11.7% |
Credit Corp Group | CCP | $14.07 | -15.4% | -16.9% |
Coronado Global Resources Inc. | CRN | $1.115 | -5.1% | -19.2% |
Core Lithium | CXO | $0.140 | -3.4% | -86.8% |
De Grey Mining | DEG | $1.105 | -13.1% | -19.0% |
Domino's Pizza Enterprises | DMP | $37.01 | -2.9% | -23.4% |
Data#3 | DTL | $7.43 | -3.1% | +5.5% |
IGO | IGO | $7.25 | +2.0% | -49.6% |
Iluka Resources | ILU | $7.26 | -0.7% | -35.8% |
James Hardie Industries | JHX | $47.41 | -13.6% | +26.2% |
Mayne Pharma Group | MYX | $5.16 | -25.5% | +43.3% |
Novonix | NVX | $0.790 | -5.4% | -14.6% |
Seek | SEK | $22.23 | -7.5% | -8.5% |
Sims | SGM | $10.87 | -7.6% | -25.2% |
Sonic Healthcare | SHL | $24.48 | -7.1% | -29.3% |
Spark New Zealand | SPK | $3.83 | -9.9% | -21.8% |
Terracom | TER | $0.220 | -18.5% | -65.4% |
Weebit Nano | WBT | $2.28 | -22.4% | -58.7% |
Wildcat Resources | WC8 | $0.475 | -2.1% | +691.7% |
Today's downtrends 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: Audinate Group (ASX: AD8), Bluescope Steel (ASX: BSL), Credit Corp Group (ASX: CCP), Coronado Global Resources Inc. (ASX: CRN), Core Lithium (ASX: CXO), De Grey Mining (ASX: DEG), Domino's Pizza Enterprises (ASX: DMP), Data#3 (ASX: DTL), IGO (ASX: IGO), Iluka Resources (ASX: ILU), James Hardie Industries (ASX: JHX), Mayne Pharma Group (ASX: MYX), Novonix (ASX: NVX), Seek (ASX: SEK), Sims (ASX: SGM), Sonic Healthcare (ASX: SHL), Spark New Zealand (ASX: SPK), Terracom (ASX: TER), Weebit Nano (ASX: WBT), 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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