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Highlights
- China tech and AI-linked ETFs appear among stronger ASX uptrends
- Audinate, Beach Energy, Domino’s, and JB Hi-Fi remain under pressure
- Technical scans highlight split sentiment across growth and defensive sectors
ASX scans show selective momentum, with AI and China tech ETFs rising while retail, energy, and platform stocks remain under technical pressure.
The Australian stock market is showing a clear divide between stocks gaining technical momentum and those caught in persistent weakness. In the latest ChartWatch ASX scans, several technology-linked ETFs and resource names appeared among the stronger uptrends, while selected retail, energy, and digital platform stocks remained under pressure. Across the all ordinaries, the latest trend signals suggest investors are rotating toward selective growth themes while avoiding weaker charts.
Tech-linked ETFs lead the uptrend list
Global X China Tech ETF (ASX:DRGN) and Global X Artificial Intelligence ETF (ASX:GXAI) stood out among the strongest uptrend candidates.
The presence of these ETFs reflects renewed interest in global technology themes, especially artificial intelligence, automation, and China-linked digital growth. As AI adoption continues expanding across industries, funds exposed to global tech leaders are attracting stronger technical momentum.
Within ASX Technology Stocks, this trend highlights how investors are increasingly looking beyond individual companies and using thematic ETFs to gain broader exposure.
Resources names show strong demand
HOT Chili Limited (ASX:HCH), a copper-focused explorer and developer, also featured among the strongest uptrend charts.
Copper remains closely linked to electrification, grid expansion, and renewable energy infrastructure. This has kept selected copper names in focus, particularly where technical momentum is improving.
Centaurus Metals Limited (ASX:CTM), another resource-linked company, also appeared among notable uptrend candidates, showing that demand remains selective but active across the mining space.
Audinate faces continued technical weakness
Audinate Group Limited (ASX:AD8), a digital audio networking technology company, appeared among the strongest downtrend charts.
The company has faced sustained pressure, reflecting weaker sentiment toward certain growth and technology names. While its technology remains relevant to professional audio markets, the chart trend suggests investors remain cautious.
Such weakness shows that the broader tech recovery is not lifting all names evenly.
Beach Energy stays under pressure
Beach Energy Limited (ASX:BPT), an oil and gas producer, was also highlighted among downtrend candidates.
Energy stocks can be sensitive to commodity price movements, production outlooks, and broader macroeconomic conditions. Beach Energy’s inclusion in the downtrend list suggests investors remain wary of the stock’s near-term technical profile.
Within ASX Energy Stocks, momentum remains mixed as traders assess demand, pricing, and company-specific performance.
Retail names struggle for momentum
Domino’s Pizza Enterprises Limited (ASX:DMP) and JB Hi-Fi Limited (ASX:JBH) also appeared among the weaker trend names.
Consumer-facing stocks remain sensitive to household spending conditions, inflation pressure, and margin expectations. Domino’s has faced challenges linked to store performance and cost pressures, while JB Hi-Fi remains exposed to discretionary spending patterns.
Their downtrend status suggests investors are still cautious toward selected retail names.
Property and platform stocks also weaken
Mirvac Group (ASX:MGR), Stockland Corporation Limited (ASX:SGP), Temple & Webster Group Limited (ASX:TPW), Tyro Payments Limited (ASX:TYR), Web Travel Group Limited (ASX:WEB), and Webjet Group Limited (ASX:WJL) were also noted among downtrend names.
This spread shows that weakness is not limited to one sector. Property, online retail, payments, and travel-related businesses are all facing varying degrees of technical pressure.
What the trend split suggests
The latest scans point to a market where investors are becoming more selective. AI, global technology exposure, China tech, copper, and selected industrial themes are attracting stronger demand.
At the same time, several consumer, property, travel, and energy names remain under selling pressure.
This split suggests that technical momentum is concentrated in specific pockets rather than spread evenly across the market.
The latest ChartWatch ASX scan highlights a divided market. Technology-linked ETFs, AI exposure, China tech, and selected resource names are gaining momentum, while Audinate, Beach Energy, Domino’s, JB Hi-Fi, and several consumer-facing stocks remain under pressure.
For market watchers, the key theme is rotation. Investors appear to be favouring stocks and ETFs with stronger trend profiles while staying cautious on weaker sectors.
