AUS
NZ
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Highlights
- Technical analysis scans continue to highlight strong momentum across selected industrial, technology, mining and ETF exposures.
- Bioxyne, Develop Global, Lycopodium, Tasmea and Ventia Services feature among the strongest uptrend candidates.
- Beach Energy, Origin Energy and TPG Telecom remain among the stocks showing weaker technical trends.
The latest ChartWatch ASX scan highlights strong momentum across selected resource, industrial and technology names, while energy and telecommunications stocks continue to feature among weaker technical trends.
The ASX 200 continues to navigate changing sector rotations as technical analysts monitor emerging momentum trends across the Australian market. The latest ChartWatch scan highlights several companies and exchange traded funds displaying strong price strength, while others remain under pressure from ongoing selling activity.
Technical analysis focuses on price action and trend behaviour rather than company fundamentals, offering another lens through which market participants can evaluate opportunities and risks.
Which ASX Shares Are Showing Strong Uptrends?
Several stocks and ETFs continue to demonstrate positive momentum according to the latest technical scans.
Among the strongest uptrend candidates are Bioxyne (ASX:BXN), Develop Global (ASX:DVP), EDU Holdings (ASX:EDU), EVZ Limited (ASX:EVZ), Kogan.com (ASX:KGN), Lycopodium (ASX:LYL), Global X Semiconductor ETF (ASX:SEMI), Sims (ASX:SGM), Tasmea (ASX:TEA), and Ventia Services (ASX:VNT).
Bioxyne And Develop Global Remain In Focus
Bioxyne has continued to attract attention after posting significant gains over the past year. Meanwhile, Develop Global remains supported by positive sentiment surrounding the resources sector and ongoing project development activity.
Both companies feature prominently among the strongest technical performers in the latest scan.
Semiconductor And Technology Themes Stay Strong
The Global X Semiconductor ETF remains one of the standout performers as semiconductor demand continues to benefit from artificial intelligence, cloud infrastructure and digital transformation trends.
Technology-related names such as Kogan.com and Data#3 (ASX:DTL) also continue to appear on momentum screens, reflecting ongoing interest in selected growth-focused businesses.
Mining And Resources Continue To Feature
Resource Stocks Benefit From Commodity Strength
Several mining-related companies remain among the strongest technical performers.
Lycopodium, Sims, Develop Global, Metro Mining (ASX:MMI), Cobre (ASX:CBE), Capstone Copper (ASX:CSC), BHP Group (ASX:BHP), and Solis Minerals (ASX:SLM) all featured within the latest uptrend list.
The continued presence of resource stocks aligns with broader strength across the ASX Materials Sector as commodity markets remain closely watched.
Industrial And Infrastructure Exposure Gains Momentum
Tasmea, Ventia Services and SRG Global (ASX:SRG) continue to benefit from positive momentum across infrastructure, engineering and industrial services sectors.
These businesses are often viewed as beneficiaries of long-term infrastructure investment trends and major project activity.
Which Stocks Are Showing Technical Weakness?
While several stocks continue to trend higher, others remain under pressure.
The latest downtrend scan highlights:
- Amplitude Energy (ASX:AEL)
- Beach Energy (ASX:BPT)
- Elders (ASX:ELD)
- GQG Partners (ASX:GQG)
- Neuren Pharmaceuticals (ASX:NEU)
- Origin Energy (ASX:ORG)
- TPG Telecom (ASX:TPG)
- Xero (ASX:XRO)
- Yancoal Australia (ASX:YAL)
Energy Names Feature Prominently
Amplitude Energy, Beach Energy and Origin Energy were identified as some of the strongest downtrend candidates.
The energy sector has experienced increased volatility as oil and gas prices react to global geopolitical developments and changing demand expectations.
Companies across the ASX Energy Stocks category remain sensitive to movements in commodity markets and broader macroeconomic conditions.
Telecommunications And Technology Also Appear
TPG Telecom and Xero continue to feature among stocks showing weaker technical trends according to the latest scans.
Technical weakness does not necessarily reflect company fundamentals but may indicate reduced buying momentum or increased selling pressure over recent trading periods.
Why Do Technical Trend Scans Matter?
Technical scans help identify stocks displaying persistent buying or selling activity.
Trend-following approaches often focus on:
- Price momentum
- Relative strength
- Breakout patterns
- Trend continuation signals
- Volume behaviour
However, technical trends can change rapidly when market conditions shift or new company-specific developments emerge.
Looking Ahead
The latest ChartWatch scan highlights continued strength across selected resource, industrial and technology-related names, while parts of the energy and telecommunications sectors remain under pressure.
As market conditions evolve, trend-following indicators will continue to monitor whether current leaders maintain momentum and whether weaker performers begin showing signs of recovery.
