Highlights
Fresh momentum signals on select blue chips and mid caps
Clear separation between accumulation and supply phases across sectors
Practical ways to read scans without complex jargon
Trend scans flag sturdy leaders and fragile laggards across banks, resources and tech. Use clean price structure, patient confirmation and benchmark context to navigate shifting momentum with confidence
Daily ChartWatch
Australia’s equity landscape is pulsing with fresh technical signals as trend scans spotlight leaders and laggards across the benchmark ASX 200. Names drawing attention today include ANZ Group Holdings (ASX:ANZ), Goodman Group (ASX:GMG), Telix Pharmaceuticals (ASX:TLX), Technology One (ASX:TNE), JB Hi-Fi (ASX:JBH) and HMC Capital (ASX:HMC).
What stands out today?
The scans reveal sturdy demand in a handful of financials, resources and industrial names, while select growth and property exposures show signs of waning momentum. This split market tone underscores the value of disciplined chart reading and patient execution within the broader ASX stock market.
Is momentum broad or selective?
Momentum looks selective. Cyclical strength within resources contrasts with softness across parts of property and software. For resource watchers, today’s tone aligns neatly with ongoing interest in ASX mining stocks.
How should readers use these scans?
Treat the lists as a practical map. Focus on trend quality, consistency of higher highs and higher lows, and how prices behave near well-watched zones. Cross-check any watchlist names against benchmarks such as the ASX 100 and broader ASX ordinaries stocks for context.
Uptrend focus
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ANZ Group Holdings (ASX:ANZ): Banking strength persists with steady higher troughs and constructive closes, suggesting continued accumulation in a measured fashion.
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Mineral Resources (ASX:MIN): Resource sentiment remains constructive, with demand building on rising troughs and supportive volume footprints.
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Northern Star Resources (ASX:NST): Gold-exposed price action holds firm, with pullbacks finding buyers near prior breakout zones.
More names on the front foot
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Liontown Resources (ASX:LTR): Buyers continue to defend support, keeping the sequence of rising troughs intact.
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Monadelphous Group (ASX:MND): Contracting swings and supportive closes point to healthy trend structure.
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Smart Parking (ASX:SPZ): Stair-step advances remain orderly as dips attract interest.
Downtrend focus
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Goodman Group (ASX:GMG): Lower peaks indicate supply pressure, with bounces fading near prior breakdown areas.
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Telix Pharmaceuticals (ASX:TLX): Sellers remain active on rallies, keeping the path of least resistance to the downside.
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Technology One (ASX:TNE): A run of lower highs signals persistent overhead supply despite intermittent rebounds.