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Highlights:
Gold Stocks CYL, DEG, GOR, NST, and RRL continue consistent upward trends on the ASX
Stocks such as AD8, MIN, and SWM remain in downward trends despite broader market uplift
Broader ASX 200 sees gains, yet divergence persists in sector-based momentum
Gold miners maintained strong chart patterns despite the broader market's recent correction phase. Catalyst Metals (ASX:CYL), De Grey Mining (ASX:DEG), Gold Road Resources (ASX:GOR), Northern Star Resources (ASX:NST), and Regis Resources (ASX:RRL) each showed ongoing strength, contributing to sustained momentum within the sector.
Catalyst Metals stood out, exhibiting prolonged buying interest, with its price action suggesting resilience through recent volatility. Similarly, De Grey Mining and Gold Road Resources both extended prior strength, remaining consistent on trend-focused scans. Northern Star Resources continued to attract chart-based attention, and Regis Resources reflected growing traction across medium to long-term momentum indicators.
Capricorn Metals (ASX:CMM) also featured among the prominent gold-focused names with strong chart structure, supporting broader sentiment in the commodities space. Austal (ASX:ASB), although not a miner, reinforced the strength of selective industrials on the ASX with consistent upward trend confirmation.
Telecommunications Displays Steady Chart Performance
Outside of the Gold Stocks segment, Telstra Group (ASX:TLS) maintained a consistent trajectory. The trend observed in TLS followed a steady climb across the last few months, underscoring stability in telecommunications amid varied market sentiment. Chart patterns suggest the broader sector is reflecting firm market participation, keeping TLS well-positioned within trend-based scan lists.
Select Harvests (ASX:SHV) and Sigma Healthcare (ASX:SIG) also continued to register on uptrend scans, reflecting increasing consistency in their chart performance over extended periods. Spartan Resources (ASX:SPR) joined the upward list with continued interest from trend-following perspectives.
Persistent Downtrends in Mining, Technology, and Media
In contrast, several names remained under downward pressure, highlighting clear sector divergences even as the broader ASX 200 moved higher. Audinate Group (ASX:AD8), Mineral Resources (ASX:MIN), and Seven West Media (ASX:SWM) were among those continuing to appear on downtrend scans.
MIN’s presence on the list reflected ongoing weakness in diversified mining, where recent technical patterns have shown consistent breakdowns. SWM's chart maintained a downward slope across medium-term scans, reflecting low buying activity. AD8 remained under pressure, marking extended weakness in technology-focused shares.
Others maintaining downward movement included Bapcor (ASX:BAP), Chalice Mining (ASX:CHN), DUG Technology (ASX:DUG), and Iperionx (ASX:IPX). Each presented similar structural characteristics in their charts—consistent lower highs and lower lows—placing them among the most persistent downtrend names on the daily scan lists.
Contrasting Signals Across the ASX
Despite the upward shift in the ASX 200, the persistence of both uptrend and downtrend names suggests ongoing divergence between sectors. While gold and selected industrials maintain rising trajectories, a segment of mining, tech, and media stocks continues to reflect sustained selling interest.
Trend-focused scanning remains key to identifying these patterns. Stocks such as WA1 Resources (ASX:WA1), Syrah Resources (ASX:SYR), and Coronado Global Resources (ASX:CRN) all showed enduring chart weakness, aligning with consistent scan appearances. Conversely, companies like African Gold (ASX:A1G) and Spartan Resources (ASX:SPR) reflect resilience within the mining space outside of the usual large-cap names.
