Evening Wrap: ASX 200 stumbles on rising benchmark yields, RBA minutes hint readiness to hike if necessary
Tue 02 Jul 24, 5:26pm (AEST)
Home
/
News
Technical Analysis
/ChartWatch ASX Scans: Pantoro, Superloop, Yancoal, Mineral Resources, Pilbara Minerals, Temple & Webster
News
Technical Analysis
/ChartWatch ASX Scans: Pantoro, Superloop, Yancoal, Mineral Resources, Pilbara Minerals, Temple & Webster
Technical Analysis
ChartWatch ASX Scans: Pantoro, Superloop, Yancoal, Mineral Resources, Pilbara Minerals, Temple & Webster
Mon 01 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists: Droneshield (DRO), Encounter Resources (ENR), EZZ Life Science (EZZ), Macquarie Technology (MAQ), Medadvisor (MDR), Pro Medicus (PME), Pantoro (PNR), Superloop (SLC), Spartan Resources (SPR), and Yancoal (YAL)
- Interesting downtrends in today's Scan Lists: Ampol (ALD), Collins Foods (CKF), Corporate Travel Management (CTD), Domino's Pizza (DMP), IGO (IGO), Megaport (MP1), Pilbara Minerals (PLS), Seek (SEK), Stockland (SGP), and Temple & Webster Group (TPW)
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 | $16.37 | +8.4% | +132.9% |
Actinogen Medical | ACW | $0.062 | +148.0% | +45.4% |
Austin Engineering | ANG | $0.580 | +9.4% | +114.8% |
Ansell | ANN | $26.55 | +8.4% | +3.1% |
BetaShares Asia Technology Tigers ETF | ASIA | $9.21 | +4.4% | +26.2% |
AUB Group | AUB | $31.69 | +9.4% | +12.3% |
Biome Australia | BIO | $0.580 | +58.9% | +663.2% |
Capitol Health | CAJ | $0.315 | +31.3% | +12.5% |
Commonwealth Bank of Australia | CBA | $127.38 | +7.6% | +29.4% |
Codan | CDA | $12.03 | +13.2% | +63.0% |
Clarity Pharmaceuticals | CU6 | $5.42 | +17.8% | +620.1% |
Dalrymple Bay Infrastructure | DBI | $2.96 | +4.6% | +11.7% |
Droneshield | DRO | $1.720 | +58.5% | +700.0% |
BetaShares Global Healthcare Hedged ETF | DRUG | $8.81 | +3.6% | +13.4% |
Vaneck MSCI Multifactor EM Markets ETF | EMKT | $25.49 | +2.0% | +17.6% |
Encounter Resources | ENR | $0.740 | +102.7% | +214.9% |
EZZ Life Science | EZZ | $1.845 | +95.2% | +229.5% |
Genusplus Group | GNP | $2.01 | +6.9% | +95.1% |
GQG Partners | GQG | $2.83 | +14.1% | +107.3% |
BetaShares Global Cybersecurity ETF | HACK | $11.70 | +3.3% | +30.6% |
Hub24 | HUB | $46.55 | +11.8% | +84.6% |
Insurance Australia Group | IAG | $7.14 | +15.0% | +28.6% |
iShares MSCI South Korea ETF | IKO | $103.76 | +4.4% | +6.5% |
Integrated Research | IRI | $0.930 | +32.9% | +162.0% |
Lycopodium | LYL | $12.79 | +5.8% | +30.4% |
Macro Metals | M4M | $0.039 | +5.4% | +680.0% |
Macmahon | MAH | $0.290 | +3.6% | +114.8% |
Macquarie Technology Group | MAQ | $94.57 | +13.2% | +46.7% |
Medadvisor | MDR | $0.500 | +11.1% | +112.8% |
MFF Capital Investments | MFF | $3.71 | +5.1% | +42.7% |
Magellan Global Fund | MGF | $2.26 | +4.1% | +41.3% |
Metro Mining | MMI | $0.047 | +11.9% | +135.0% |
Navigator Global Investments | NGI | $2.03 | +15.3% | +72.4% |
OFX Group | OFX | $2.21 | +5.2% | +15.4% |
Pacific Current Group | PAC | $11.08 | +8.4% | +53.9% |
Paragon Care | PGC | $0.440 | +14.3% | +95.6% |
Pro Medicus | PME | $143.26 | +23.6% | +119.4% |
Pantoro | PNR | $0.096 | +6.7% | +37.1% |
Retail Food Group | RFG | $0.080 | +19.4% | +66.7% |
Steadfast Group | SDF | $6.18 | +13.2% | +3.5% |
SG Fleet Group | SGF | $3.30 | +11.1% | +48.6% |
Superloop | SLC | $1.605 | +13.8% | +174.4% |
Spartan Resources | SPR | $0.985 | +26.3% | +466.5% |
SPDR S&P 500 Trust ETF | SPY | $826.54 | +4.1% | +28.2% |
Southern Cross Electrical Engineering | SXE | $1.730 | +13.8% | +170.3% |
Technology One | TNE | $18.60 | +5.7% | +21.8% |
Tuas | TUA | $4.42 | +14.8% | +133.9% |
BetaShares S&P 500 Yield Maximiser ETF | UMAX | $24.00 | +3.8% | +15.3% |
Wisetech Global | WTC | $100.30 | +2.7% | +31.0% |
Yancoal Australia | YAL | $6.62 | +0.5% | +50.5% |
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: Actinogen Medical (ASX: ACW), Biome Australia (ASX: BIO), Capitol Health (ASX: CAJ), Codan (ASX: CDA), Droneshield (ASX: DRO), Vaneck MSCI Multifactor EM Markets Equity ETF (ASX: EMKT), Encounter Resources (ASX: ENR), EZZ Life Science (ASX: EZZ), Genusplus Group (ASX: GNP), GQG Partners (ASX: GQG), BetaShares Global Cybersecurity ETF (ASX: HACK), Integrated Research (ASX: IRI), Macquarie Technology Group (ASX: MAQ), Medadvisor (ASX: MDR), Pacific Current Group (ASX: PAC), Pro Medicus (ASX: PME), Pantoro (ASX: PNR), Steadfast Group (ASX: SDF), Superloop (ASX: SLC), Spartan Resources (ASX: SPR), Tuas (ASX: TUA), BetaShares S&P 500 Yield Maximiser Fund ETF (ASX: UMAX), Yancoal Australia (ASX: YAL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Audinate Group | AD8 | $15.83 | +5.5% | +70.6% |
Australian Finance Group | AFG | $1.380 | -6.1% | -18.6% |
Ampol | ALD | $32.34 | -7.9% | +11.0% |
APA Group | APA | $7.99 | -5.4% | -19.5% |
Eagers Automotive | APE | $10.52 | +4.1% | -16.9% |
Arafura Rare Earths | ARU | $0.175 | -7.9% | -43.5% |
Brickworks | BKW | $26.20 | +1.0% | -3.9% |
Brainchip | BRN | $0.220 | -12.0% | -35.3% |
BWP Trust | BWP | $3.46 | -4.9% | -3.6% |
Charter Hall Group | CHC | $11.18 | -8.8% | +4.0% |
Champion Iron | CIA | $6.40 | -9.5% | +4.6% |
Centuria Industrial Reit | CIP | $3.01 | -4.1% | -3.2% |
Collins Foods | CKF | $9.10 | +0.6% | -1.6% |
Charter Hall Long Wale Reit | CLW | $3.25 | -6.1% | -18.8% |
Cromwell Property Group | CMW | $0.390 | -15.2% | -25.7% |
Centuria Office Reit | COF | $1.105 | -9.4% | -20.8% |
Charter Hall Social Infrastructure Reit | CQE | $2.37 | -2.9% | -18.3% |
Charter Hall Retail Reit | CQR | $3.25 | -1.2% | -11.2% |
Corporate Travel Management | CTD | $13.26 | -0.5% | -25.7% |
Domino's Pizza Enterprises | DMP | $35.89 | -3.3% | -18.0% |
Deterra Royalties | DRR | $3.99 | -14.4% | -11.9% |
Dexus | DXS | $6.48 | -4.3% | -17.2% |
Ebos Group | EBO | $29.91 | -9.0% | -11.2% |
Endeavour Group | EDV | $5.05 | +3.7% | -19.5% |
Fortescue | FMG | $21.41 | -16.3% | -2.5% |
GDI Property Group | GDI | $0.560 | -6.7% | -17.0% |
Growthpoint Properties Australia | GOZ | $2.17 | -9.6% | -23.1% |
GPT Group | GPT | $4.00 | -6.1% | -4.3% |
Healthco Healthcare and Wellness Reit | HCW | $1.060 | -7.4% | -20.9% |
Homeco Daily Needs Reit | HDN | $1.160 | -4.5% | -1.3% |
Harvey Norman | HVN | $4.17 | -4.4% | +28.3% |
IDP Education | IEL | $15.15 | -7.5% | -28.6% |
IGO | IGO | $5.64 | -22.7% | -61.6% |
Iluka Resources | ILU | $6.55 | -9.5% | -41.1% |
Ioneer | INR | $0.150 | -31.8% | -53.8% |
James Hardie Industries | JHX | $47.30 | +1.3% | +22.2% |
Lifestyle Communities | LIC | $12.43 | 0% | -14.5% |
Lendlease Group | LLC | $5.41 | -11.2% | -24.1% |
Latin Resources | LRS | $0.170 | -32.0% | -29.2% |
Arcadium Lithium | LTM | $4.93 | -26.6% | 0% |
Liontown Resources | LTR | $0.905 | -33.2% | -68.9% |
Lynas Rare Earths | LYC | $5.93 | -11.9% | -15.8% |
Mirvac Group | MGR | $1.870 | -4.1% | -16.1% |
Mineral Resources | MIN | $53.92 | -26.8% | -23.8% |
Monadelphous Group | MND | $12.84 | -5.6% | +11.5% |
Megaport | MP1 | $11.22 | -20.0% | +65.0% |
Metcash | MTS | $3.54 | -5.1% | -1.7% |
Monash IVF Group | MVF | $1.285 | -11.4% | +11.7% |
NIB | NHF | $7.35 | +1.1% | -12.2% |
Nufarm | NUF | $4.60 | +3.1% | -6.9% |
OOH!Media | OML | $1.350 | -5.3% | +17.9% |
Pilbara Minerals | PLS | $3.07 | -20.9% | -36.4% |
Perpetual | PPT | $21.31 | -2.2% | -16.2% |
Region Group | RGN | $2.10 | -0.9% | -8.3% |
Rio Tinto | RIO | $119.00 | -8.2% | +3.8% |
Regis Resources | RRL | $1.755 | -8.6% | -6.6% |
Reliance Worldwide Corporation | RWC | $4.52 | -4.0% | +12.4% |
Seek | SEK | $21.36 | -3.8% | -0.7% |
Sims | SGM | $10.30 | -3.6% | -32.1% |
Stockland | SGP | $4.17 | -7.3% | +3.2% |
Talga Group | TLG | $0.580 | -15.9% | -59.3% |
Temple & Webster Group | TPW | $9.39 | -5.2% | +80.9% |
Vicinity Centres | VCX | $1.850 | -2.6% | +1.4% |
Viva Energy Group | VEA | $3.15 | -8.7% | +7.1% |
Waypoint Reit | WPR | $2.17 | -10.3% | -17.5% |
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: Ampol (ASX: ALD), Collins Foods (ASX: CKF), Corporate Travel Management (ASX: CTD), Domino's Pizza Enterprises (ASX: DMP), Healthco Healthcare and Wellness Reit (ASX: HCW), IGO (ASX: IGO), Megaport (ASX: MP1), Pilbara Minerals (ASX: PLS), Seek (ASX: SEK), Stockland (ASX: SGP), Temple & Webster Group (ASX: TPW).
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.
Get the latest news and insights direct to your inbox
Latest Articles
Evening Wrap: ASX 200 stumbles on rising benchmark yields, RBA minutes hint readiness to hike if necessary
Carl Capolingua · Tue 02 Jul 24, 5:26pm (AEST)
What does Liontown's funding deal tell us about the lithium sector?
Kerry Sun · Tue 02 Jul 24, 4:31pm (AEST)
Latest views on lithium from three major brokers
Carl Capolingua · Tue 02 Jul 24, 1:49pm (AEST)