We found three ASX-listed stocks whose charts signal further potential downside to their share prices, based on technical analysis.
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Synlait Milk ( ASX: SM1 ) manufactures and sells dairy and nutritional products, including infant and adult nutritional powders, skim milk and whole milk powders and lactoferrin. Synlait is a manufacturing partner of A2 Milk ( ASX: A2M ), manufacturing A2M’s China-labelled infant milk formula (IMF).
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Written on 1 December 2022
Acrow Formwork And Construction Services ( ASX: ACF ) provides scaffolding and formwork solutions as well as engineering services, screening systems and labour supply in Australia. The company offers its services to major construction and infrastructure projects and is mainly focused on the markets in New South…
MAAS Group ( ASX: MGH ) provides construction materials, equipment and services in Australia. The company serves a range of industries across civil, infrastructure, mining and real estate.
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RPM Automotive Group ( ASX: RPM ) provides automotive aftermarket services in Australia. It sells tyres, motorsport apparel and safety equipment. It also offers mechanical repairs and roadside assistance services for the transport industry.
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Duratec ( ASX: DUR ) provides assessment, protection, remediation and refurbishment services to a range of assets across defence, mining, industrial and building sectors in Australia. It offers building refurbishment, infrastructure upgrades, asset protection, recladding, construction, durability engineering and other services.
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SECOS Group ( ASX: SES ) produces and sells plastic and sustainable packaging products in Australia, Malaysia, China and the US. The company’s products fall into four categories of Compostable Resin, Compostable Bags, Compostable Film and Traditional Plastic, with Compostable bags increasingly growing its share of the company’s total sales. It’s where most of…
Saunders International ( ASX: SND ) designs and constructs steel bulk liquid storage tanks, roads and bridges in Australia and the Pacific Region. The company offers its services to oil & gas, water utilities and defence industries amongst others.
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IVE Group (ASX: IGL) operates as a holistic marketing company in Australia. It’s breadth of offerings range from idea generation to execution across design, print, mobile and interactive media. It provides marketing mail, call centre services, printing catalougues and marketing materials as well as data analytics and customer experience strategy.
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Good Drinks Australia ( ASX: GDA ) brews and sells beer, cider and other beverages in Australia. The company offers its products under the Gage Roads, Masto’s, San Miguel and other brands. Its main brewery facility is located in Palmyra, WA, and produces more than 17 million litres annually. GDA also operates hospitality venues…
