Qantas Airways Shares Close Higher: Is The Floor In?
Qantas Airways shares (ASX:QAN) added 2.98% to close at A$8.65 today, as bulls look to test a reversal off recent lows. The momentum has been bearish in Qantas for the past three months, with the stock down 19% on the period to flip into negative territory YTD (-17.54%), but there was a tentative test of…
Bapcor Shares Bounce, As Momentum Shows Signs of Shifting
Bapcor shares (ASX: BAP) started the week with what looked at first glance like an unremarkable session, flat at A$0.82. But under the surface, there was a huge amount of volume, as markets engage in a battle for direction. Today’s 6.1% gain on the other hand has come on volume of 0.45x the ADV, suggesting…
Champion Iron Shares Hit Lowest Level In Years, As Earnings Await
Champion Iron shares (ASX: CIA) hit a new six year low at A$2.16 today, before closing 1.83% up on the day at A$2.23. There is a big print on the horizon, as the company heads towards its second-quarter FY2027 result at the end of the week (30th Oct, 12:00am Sydney) carrying the weight of a…
Buyers Step In, As Lynas Rare Earths Shares Make 52 Wk Low
Lynas Rare Earths shares (ASX: LYC) closed 5.23% higher to start the week, bouncing from a fresh 52 week low to close at A$11.27. Signs of buying appetite in the stock offers some relief to holders who have seen LYC shares fall more than 50% from April’s high just 6 months ago. The Latest Driving…
Vault Minerals Shares Bounce Off Oversold Lows: What Next?
Vault Minerals shares (ASX: VAU) put up quite the intraday recovery on Monday, bouncing 3.67% to close at A$5.37 and reclaiming its 200-day SMA. This comes after a difficult two-month sell off that had left the stock deep in oversold territory. The rebound arrives at a pivotal moment, with a shareholder vote on the company’s…
WiseTech Global Shares (WTC): Rebound Faces Key Momentum Test
WiseTech Global shares (ASX: WTC) are testing a critical long-term resistance level following a strong rebound, as the resolution of some key issues see sentiment shift in favour of bulls. The WiseTech Global share price added 1.45% to start the week, following a push through the psychological A$40 level to close at A$40.70. The move…
Goodman Group Shares Find Support Below A$25: The Latest
Goodman Group shares (ASX:GMG) put up a solid intraday recovery on Monday, closing up 2.57% at A$25.92 after gapping below the A$25 at the open. The week started better for real estate and technology sectors, stabilising sentiment in the data centre landlord. The GMG share price opened the week at A$24.70, gapping down below the…
S&P/ASX 200 Health Care, Sector Index (XHJ)
The S&P/ASX 200 Health Care sector index (XHJ) has bounced back in a big way this year, with a 50+ rebound since the start of June. The sector index boasts companies in medicines, biotechnology, medical devices, diagnostics and healthcare services; including those providing essential medical treatment alongside innovative companies developing technologies and therapies for patients…
S&P/ASX 200 Information Technology, Sector Index (XIJ)
The S&P/ASX 200 Information Technology Index (XIJ) tracks the leading companies across software, technology services, data processing and related technology industries. The sector provides local exposure to businesses developing the systems and digital infrastructure used by organisations around the world, an area that has come under pressure of late. A glance at the 1 year…
S&P/ASX 200 Communications Services, Sector Index (XTJ)
The S&P/ASX 200 Communication Services Index (XTJ) tracks major telecommunications, media, entertainment and digital communications businesses. These companies connect Australians to essential mobile and internet services, while also operating platforms that help people access information, advertising, property listings and employment opportunities. The sector combines businesses with quite different earnings profiles, as telecommunications providers often generate…
