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Market Update: ASX Uptrends and Downtrends Analysis
Gold stocks are significantly prominent in the Uptrends Scan List, illustrating both quantity and market capitalisation, with around one-third of stocks falling under this category. This includes a spectrum from small-cap Waratah Minerals (WTM) to the major player, Newmont Corporation (NEM).
Equally deserving of attention are the remaining two-thirds of stocks, shedding light on a varied range of sectors, notably in Real Estate (e.g., Charter Hall Group – CHC, Charter Hall Retail REIT – CQR) and Information Technology (including Fineos Corporation – FCL and Hub24 – HUB).
Despite some recent declines in the ASX benchmark, the Downtrends Scan List has notably decreased, indicating a potential improvement in broader market trends. Among the significant mentions here are stalwarts such as Domino’s Pizza Enterprises (DMP) and Endeavour Group (EDV), showcasing a combination of two popular consumer sectors: pizza and beverages.
Introduction to ChartWatch Daily ASX Scans
Welcome to the ChartWatch Daily ASX Scans, a series dedicated to identifying the most compelling uptrends and downtrends based on trend-following technical analysis. This initiative aims to keep investors informed about the prevailing market movements.
Investors are encouraged to use AI tools to transform the tables below into convenient lists for platforms such as TradingView, facilitating seamless chart navigation of uptrending and downtrending stocks. While many stocks will appear repeatedly on these lists, ongoing research is essential to identify changes in market trends.
Uptrends Scan List
| Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
| APA Group | APA | $8.36 | +5.2% | +1.1% |
| Capral | CAA | $10.88 | +11.0% | +11.0% |
| Charter Hall Group | CHC | $18.05 | +4.2% | +54.5% |
| COG Financial Services | COG | $1.400 | +13.4% | +9.4% |
| Charter Hall Social Infrastructure Reit | CQE | $3.02 | +8.6% | +21.3% |
| Charter Hall Retail REIT | CQR | $3.85 | +7.2% | +16.3% |
| Dateline Resources | DTR | $0.037 | +640.0% | +208.3% |
| Develop Global | DVP | $3.37 | +26.2% | +37.6% |
| Emerald Resources | EMR | $4.35 | +15.7% | +22.9% |
| Fineos Corporation | FCL | $2.58 | +25.2% | +43.3% |
| Fiducian Group | FID | $9.90 | +6.2% | +26.1% |
| Hub24 | HUB | $78.29 | +14.9% | +99.1% |
| Harvey Norman | HVN | $5.29 | +8.0% | +20.5% |
| Iperionx | IPX | $3.49 | +26.9% | +63.1% |
| Kingsgate Consolidated | KCN | $1.885 | +26.9% | +21.2% |
| Medibank Private | MPL | $4.72 | +2.6% | +38.4% |
| Newmont Corporation | NEM | $83.15 | +9.0% | +33.7% |
| Omni Bridgeway | OBL | $1.615 | +6.6% | +40.4% |
| Pro Medicus | PME | $241.02 | +21.2% | +115.0% |
| Pantoro | PNR | $3.12 | +14.7% | +111.0% |
| Peet | PPC | $1.650 | +14.2% | +38.1% |
| Perseus Mining | PRU | $3.56 | +7.9% | +59.6% |
| Ramelius Resources | RMS | $2.81 | +22.2% | +43.4% |
| Regis Resources | RRL | $4.65 | +18.9% | +122.5% |
| Resolute Mining | RSG | $0.560 | +23.1% | +33.3% |
| Stealth Group | SGI | $0.830 | +9.9% | +213.2% |
| Spartan Resources | SPR | $2.18 | +19.1% | +266.4% |
| Technology One | TNE | $31.34 | +9.2% | +95.3% |
| Titomic | TTT | $0.275 | +19.6% | +316.7% |
| Vicinity Centres | VCX | $2.45 | +8.9% | +31.0% |
| Ventia Services Group | VNT | $4.44 | +8.3% | +24.4% |
| WAM Global | WGB | $2.49 | +5.1% | +15.8% |
| Waratah Minerals | WTM | $0.300 | +87.5% | +130.8% |
Featured Stocks in Today’s Uptrends
Highlighted from today’s uptrends are:
- Capral (ASX: CAA)
- Charter Hall Group (ASX: CHC)
- Dateline Resources (ASX: DTR)
- Hub24 (ASX: HUB)
- Kingsgate Consolidated (ASX: KCN)
- Pantoro (ASX: PNR)
- Perseus Mining (ASX: PRU)
- Regis Resources (ASX: RRL)
- Resolute Mining (ASX: RSG)
- Spartan Resources (ASX: SPR)
- Titomic (ASX: TTT)
- Vicinity Centres (ASX: VCX)
- Ventia Services Group (ASX: VNT)
- WAM Global (ASX: WGB)
- Waratah Minerals (ASX: WTM)
Downtrends Scan List
| Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
| 4DMEDICAL | 4DX | $0.285 | +1.8% | -52.1% |
| Aurizon | AZJ | $3.00 | -4.5% | -20.4% |
| Breville Group | BRG | $28.00 | -11.4% | +10.9% |
| Corporate Travel Management | CTD | $11.41 | -20.0% | -23.6% |
| Domino’s Pizza Enterprises | DMP | $24.93 | -2.2% | -35.5% |
| Endeavour Group | EDV | $3.98 | +3.1% | -22.4% |
| Flight Centre Travel Group | FLT | $12.61 | -8.6% | -38.4% |
| Galan Lithium | GLN | $0.100 | -9.1% | -73.4% |
| Guzman y Gomez | GYG | $31.18 | -3.2% | 0% |
| Horizon Oil | HZN | $0.180 | -18.2% | +2.9% |
| Judo Capital | JDO | $1.440 | -20.7% | +4.3% |
| Paradigm Biopharmaceuticals | PAR | $0.285 | -13.6% | +5.6% |
| Patriot Battery Metals | PMT | $0.250 | -5.7% | -66.9% |
| Siteminder | SDR | $3.78 | -11.3% | -32.1% |
| Silex Systems | SLX | $2.70 | -22.6% | -50.3% |
Featured Stocks in Today’s Downtrends
From today’s downtrends, notable mentions include:
- Aurizon (ASX: AZJ)
- Corporate Travel Management (ASX: CTD)
- Domino’s Pizza Enterprises (ASX: DMP)
- Paradigm Biopharmaceuticals (ASX: PAR)
- Siteminder (ASX: SDR)
- Silex Systems (ASX: SLX)
Conclusion
While the uptrends signal potential opportunities for investors, downtrends highlight stocks warranting caution. Keep in mind that the financial landscape is fluid, and stock trends can shift rapidly. Regularly consulting these lists can furnish investors with key insights into market movements, but due diligence remains essential. For further technical understanding, don’t hesitate to refer to the ChartWatch Primer for a comprehensive overview of the analysis methodology.
