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ChartWatch: Daily ASX Scan Summary
Welcome to the latest installment of the ChartWatch Daily ASX Scans series, where I share stock lists derived from a trend-following technical analysis methodology. My objective is to guide you towards identifying the most compelling uptrends and downtrends on the Australian Securities Exchange (ASX).
Investors often lean towards acquiring stocks demonstrating robust upward momentum while steering clear of or short-selling those in significant downtrends. However, how you utilise these lists is entirely your prerogative.
It’s essential to note that several stocks may make repeat appearances on these lists. As long as they meet my criteria, they will continue to be featured. However, should a stock drop off these lists, I won’t provide individual notifications—it’s up to you to conduct further research on shifts in trend behaviour.
Today’s Uptrends Scan List
The table below showcases the companies currently trending upwards, highlighting their respective codes, last price, and percentage changes over the last month and year.
| Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
| BetaShares Australia 200 ETF | A200 | $149.28 | +2.3% | +14.0% |
| Global X Battery Tech & Lithium ETF | ACDC | $104.98 | +9.4% | +36.7% |
| Adriatic Metals | ADT | $6.27 | +6.1% | +124.7% |
| Australian Ethical Investment | AEF | $8.00 | +15.9% | +112.2% |
| Amplitude Energy | AEL | $0.265 | +8.2% | +23.3% |
| Alkane Resources | ALK | $0.945 | +45.4% | +117.2% |
| Eagers Automotive | APE | $21.41 | +9.3% | +105.9% |
| Autosports Group | ASG | $2.76 | +10.8% | +30.2% |
| Aurizon | AZJ | $3.33 | +2.5% | -1.2% |
| Core Lithium | CXO | $0.130 | +18.2% | +39.8% |
| …[additional rows omitted for brevity]… | … | … | … | … |
Strongest Demand Stocks
Highlighted stocks with exceptional demand from today’s Uptrends List include:
- Global X Battery Tech & Lithium ETF (ASX: ACDC)
- Adriatic Metals (ASX: ADT)
- Amplitude Energy (ASX: AEL)
Today’s Downtrends Scan List
The following table features stocks currently in a downtrend:
| Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
| Audinate Group | AD8 | $4.81 | -29.2% | -46.6% |
| AGL Energy | AGL | $8.72 | -10.4% | -21.2% |
| Boss Energy | BOE | $1.685 | -55.3% | -41.5% |
| DigiCo REIT | DGT | $2.75 | -15.1% | 0% |
| Imugene | IMU | $0.275 | -26.7% | -84.7% |
| HMC Capital | HMC | $3.50 | -9.1% | -55.1% |
| …[additional rows omitted for brevity]… | … | … | … | … |
Excess Supply Stocks
The stocks exhibiting the most supply pressure from today’s Downtrends include:
- Audinate Group (ASX: AD8)
- AGL Energy (ASX: AGL)
- Boss Energy (ASX: BOE)
Important Considerations for ChartWatch Users
- Uncertainty in Markets: Market trends can change abruptly, meaning stocks may not hold their upward or downward momentum by the close of trading.
- Curation of Lists: These lists are specifically tailored. Some stocks may not appear daily but could return upon meeting the criteria again.
- Not a Recommendation Service: This is a tool to help you grasp the technical analysis model; personal due diligence is necessary to evaluate stock positions.
- Educational Value Only: Always conduct your own research before making any investment decisions.
In conclusion, the ChartWatch series aims to equip you with a snapshot of current trends in the ASX, enhancing your investment strategies. Whatever approach you choose, make it informed and grounded in research!
This summary encapsulates the key trends in the ASX, derived from comprehensive analyses while maintaining a unique perspective. Remember to stay informed and conduct your own research!
