Markets

ASX Technical Scan: Metals X Leads Gainers Amid Broad Declines

By Markets Desk · 2026-09-16 · 1 min read

A wooden trading desk with a mechanical abacus and a stack of paper ledgers — Illustration: Tradingbird

Metals X shares surged 204.7 percent over the past year, topping the list of Australian stocks in strong uptrends.

Metals X led the gainers on the Australian Securities Exchange with a one-year return of 204.7 percent. The stock closed at $1.965, marking a 4.5 percent increase in the last month. This performance placed it among the top technical uptrends identified by recent analysis.

A total of thirteen companies registered significant downtrends in the same period. Fortescue and Champion Iron showed negative monthly performance. The breadth of the market leaned toward declines as multiple large-cap stocks fell.

Top Performers in Uptrend Scans

Mastermyne recorded a 380.0 percent gain over the past year. The stock price reached $0.720, up 33.3 percent in the last month. CSL also featured prominently, rising 29.5 percent in one month despite a 16.1 percent annual loss. The Koala Company saw a 32.8 percent monthly increase.

Ramsay Health Care added 19.5 percent over the last month. Its market capitalization stands at $12.4 billion. Nufarm shares increased by 9.2 percent in the recent period. These names represent the strongest excess demand signals in the current scan.

Key Names in Downtrend Categories

Fortescue shares declined alongside Champion Iron in the latest technical review. Atlas Arteria lost 9.7 percent of its value in the last month. The ASX itself fell 7.5 percent over the same timeframe. Webjet and Weebit Nano also appeared on the list of declining stocks.

Goodman Group shares experienced a drop in the recent period. These names were flagged for their persistent downward momentum. Investors using trend-following strategies often avoid or short these positions. The data reflects a clear split between leading and lagging sectors.

Market Context and Source Data

The analysis originates from GN auto markets/indices: market indices. This source provides the technical trend data used for this report. The scan lists update based on specific technical criteria. Consistent appearance on these lists indicates sustained trend strength.

Traders can import these lists into charting software for further review. The data includes last prices and monthly percentage changes. No notifications are sent when a stock exits the list. Users must monitor for trend changes independently to adjust their strategies.

Based on reporting by Market Index, compiled by the Tradingbird desk.