Benz Mining Jumps 32% in Month, Tops ASX Scans
Benz Mining leads ASX technical scans with a 32% monthly gain, alongside CSL and Ampol in strong uptrends.
Key points
- Benz Mining shares rose 32.3% in one month to reach $4.91.
- CSL and Ampol showed strong monthly gains of 5.9% and 9.9% respectively.
- Eleven stocks, including Xero and Alcoa, appeared on the downtrend list.
Benz Mining shares rose 32.3% over the past month to hit $4.91. This move placed the stock at the top of the latest ASX technical scan lists.
Market Index identified eight assets showing the strongest excess demand. These include major names like CSL, Ampol, and Viva Energy.
Major stocks lead the uptrend
CSL shares climbed 5.9% in the month to reach $178.30. The company maintains a market capitalization of $85.6 billion.
Ampol stock increased 9.9% over the same period to trade at $43.80. Viva Energy also gained 13.6% to settle at $3.18.
Janus Electric shares surged 77.5% in one month to reach $0.71. This performance highlights significant momentum in smaller capitalization stocks.
Downtrends hit resource and tech firms
Eleven stocks appeared on the negative trend list during the scan. Dateline Resources and Forrestania Resources joined Alcoa in this group.
Elevra Lithium and Vulcan Energy also faced downward technical pressure. Xero and Nextdc rounded out the list of declining assets.
Technical analysis drives the selection
The list relies on trend-following technical analysis methodologies. Stocks remain on the list as long as they meet strict criteria.
Investors may use these lists to identify buying or selling opportunities. The data provides a clear view of market momentum.
