Sunrise Energy Metals Shares Snap Six-Session Rally: The Latest
Sunrise Energy Metals shares (ASX: SRL) pulled back 15.05% yesterday, erasing a part of its remarkable six-session rally to sit at the bottom of the ASX 200 for the day. The SRL share price closed at A$18.79, down from A$22.12 where the stock had closed out last week. The drawdown was not only the steepest…
Lovisa Shares Lead ASX 200 To Start Week: Here’s Why
Lovisa Holdings shares (ASX: LOV) sat atop the ASX 200 leaderboard to start the week, posting a 5.73% gain as markets rotated back into the heavily sold-off name ahead of its upcoming ex-dividend date. The rebound offers some relief to holders who have endured a punishing stretch, though the stock remains deeply in the red…
Megaport Shares Pull Back: Technical Rejection Brings Momentum Shift
Megaport shares (ASX: MP1) pulled back sharply to start the week, closing 8.3% lower at A$16.35, as a five-day rally ran out of steam at a key technical resistance level. The move brings the pullback over the past month to 23.46%, though the stock remains one of the ASX’s standout year-to-date performers, up 38.15% in…
Santos Shares Hit Multi-Year High, Raising Technical Signal
Santos shares (ASX: STO) made a fresh multi-year high on Friday, supported by a combination of crude oil prices and growing confidence on two flagship growth projects. The Santos share price reached an intraday high of A$8.68 ahead of the weekend before easing slightly to close at A$8.59, a gain of 0.7% on the session….
TechnologyOne Shares Into Oversold Territory, As Pressure Continues
TechnologyOne shares (ASX: TNE) fell 1.58% on Friday to close last week at A$28.11, pushing the enterprise software company’s RSI into oversold territory at 28.94. Will dip-buyers step up to defend a key technical floor, or is further pain in store? The Setup Friday’s decline extended a broader period of weakness for TechnologyOne shares, which…
Why are Wesfarmers shares the most oversold on the ASX?
Wesfarmers shares (ASX: WES) are now the most technically oversold large-cap stock on the Australian Securities Exchange, with a cascade of macro, valuation, and execution pressures combining to drive the retail conglomerate to levels not seen since before its mid-2026 record highs. The Wesfarmers share price closed the week down 0.95% at A$72.82, extending a…
IAG Shares Bounce Off Support To Close Week Strong
IAG shares (ASX: IAG) put up one of the market’s strongest performances into the weekend, rallying sharply against a broadly weaker tape to close as the second-best performer on the S&P/ASX 200. The IAG share price added A$0.33, or 4.23%, to close at A$8.14, a result that was all the more striking given the ASX…
ASX 200 Breaks Down Below Key Moving Average as Pressures Mount
The ASX 200 suffered a technically significant breakdown this week, closing at 8,741.20 after losing the critical 200-day Simple Moving Average at 8,818.42, shifting momentum firmly in favour of bears. Materials Shares Hit Hardest The benchmark index fell 2.9% over the five-session period, erasing its 12-month gains and leaving the index 0.72% lower on a…
KOSPI Slides Back Below 7,000 as Samsung and SK Hynix Drop
South Korea’s benchmark KOSPI index retreated below the psychologically significant 7,000 level on Friday, dragged lower by fresh selling in the country’s two dominant memory chipmakers after Chinese AI startup DeepSeek unveiled a model architecture that markets interpreted as a potential threat to high-bandwidth memory demand. The KOSPI closed down 1.76% at 6,909.91, interrupting what…
PLS Shares Fall Below Key Moving Average, As Momentum Shifts
PLS Group shares (ASX: PLS) fell 7.38% to A$4.52 to close the week, falling below the 50 day SMA in the process. With PLS having begun the week at A$5.09, an 11.2% drop brings the stock below some closely watched levels. Friday’s pullback came on a broadly red tape, and with the ASX Materials index…
