Stock picker · William J. O'Neil
CAN SLIM Strategy
Accelerating earnings, a price near its high, leadership against the index, and a market in a confirmed uptrend.
Prices to · fundamentals for 0 of 1,761 stocks · ASIC shorts T+4 · Not financial advice
Market regime · S&P/ASX 200 (XJO)
Downtrendas of
- Close
- 8,665.0
- vs 50-day
- −3.4%
- vs 200-day
- −1.8%
- Off 52w high
- −6.8%
Stand aside: XJO is below its 200-day average. Breakouts fail more often in a falling market, so no stock can trigger until the trend turns.
Ranked picks
PassFailUnknown (data missing)
Dots follow the rule order: 1 Earnings growth (C and A) · 2 Sales growth · 3 New highs (N) · 4 Leader, not laggard (L) · 5 Market direction (M) · 6 Supply and demand (S). Hover a dot for the evidence.
Showing 20 of 999 ranked stocks. Triggered and setup first; watch names fill the list to 20.
| Rank | Stock | Status | Rules | Close | Pivot |
|---|---|---|---|---|---|
| 1 | ID8Identitii | Watch |
| $1.00 | $1.00 |
| 2 | ANNAnsell | Watch |
| $44.21 | $43.94 |
| 3 | IFLInsignia Financial | Watch |
| $4.79 | $4.80 |
| 4 | RHCRamsay Health Care | Watch |
| $55.31 | $55.98 |
| 5 | RULRpmglobal Holdings | Watch |
| $4.99 | $4.99 |
| 6 | VR8Vanadium Resources | Watch |
| $0.08 | $0.07 |
| 7 | WCNWhite Cliff Minerals | Watch |
| $0.03 | $0.02 |
| 8 | AMPAmp | Watch |
| $2.61 | $2.66 |
| 9 | MGHMaas Group Holdings | Watch |
| $6.89 | $6.53 |
| 10 | IVVIshares S&P 500 Etf Etf Units | Watch |
| $72.19 | $73.59 |
| 11 | NSRNational Storage Reit | Watch |
| $2.79 | $2.80 |
| 12 | AVHAvita Medical Inc. | Watch |
| $3.32 | $3.20 |
| 13 | LYLLycopodium | Watch |
| $23.39 | $23.63 |
| 14 | HGBLBeta Gbl Sh Etf Hgd Etf Units | Watch |
| $86.90 | $88.24 |
| 15 | ALDAmpol | Watch |
| $44.47 | $45.49 |
| 16 | GNGGr Engineering Services | Watch |
| $7.66 | $7.78 |
| 17 | HQUSBeta Sp500 Ew Ch Etf Etf Units | Watch |
| $52.07 | $52.32 |
| 18 | BGBLBeta Gbl Shares Etf Etf Units | Watch |
| $85.57 | $86.99 |
| 19 | SDISdi | Watch |
| $1.40 | $1.40 |
| 20 | VGADVngd Intl Shares H Etf Units | Watch |
| $131.42 | $134.22 |
Pivot is the top of the base: the breakout level, and the exit if the price closes back below it. Growth compares the latest reported period with the same period a year earlier. "n/a" means we do not hold the figure, never that it is zero.
The method
CAN SLIM · William J. O'Neil
William J. O'Neil founded Investor's Business Daily and the research firm William O'Neil + Co. He built CAN SLIM from a study of the biggest US stock winners going back to the 1950s, looking for what they had in common before their largest price advances, and set it out in How to Make Money in Stocks, first published in 1988.
Each letter is one trait: C, current quarterly earnings up sharply; A, strong annual earnings growth; N, something new, whether a product, management or a new price high; S, supply and demand, seen in volume; L, a leader rather than a laggard; I, institutional sponsorship; and M, market direction. The traits work together: a strong company in a weak market, or a cheap laggard, is not a CAN SLIM stock.
Our version maps the letters that ASX data can support. EPS growth stands in for C and A, closeness to the 52-week high stands in for N, relative strength against the rest of the market stands in for L, the S&P/ASX 200 trend is M, and a turnover floor is a thin proxy for S. Institutional sponsorship (I) is not evaluated.
Metadata
- Style
- growth-momentum
- Holding period
- Months
- Risk posture
- O'Neil's rule: sell any stock that falls 7% to 8% below the purchase price, without exception.
- Universe
- ASX equities with at least 60 sessions of price history; only those with at least A$250,000 average daily turnover can trigger
- Refresh cadence
- Daily, after the evening price sweep
- Rules
- 6
The rules
Every rule resolves to pass, fail or unknown for every stock. Unknown means the data is missing: it never counts as a pass, and a stock cannot trigger while a core rule is unknown. Rules marked scoring only order the list without gating it.
Rule 1: Earnings growth (C and A)
CoreData source: Company fundamentals- The rule
- Current quarterly earnings per share up at least 25% on the same quarter a year earlier, backed by strong annual earnings growth.
- How we test it
- Pass when EPS is up at least 25% on the same series a year earlier (trailing twelve months where available, otherwise annual), or the company has swung from a net loss to a net profit. ASX companies report half-yearly, not quarterly, so a trailing-twelve-month comparison is the closest honest proxy, and when a half-year result from the company's own filing is fresher, EPS is measured on that half against the same half a year earlier. Unknown when there is no EPS growth figure.
Rule 2: Sales growth
Scoring onlyData source: Company fundamentals- The rule
- Earnings growth should be backed by strong sales growth, not just cost cutting.
- How we test it
- Pass when the latest annual revenue is up at least 20% on the prior year, or, when a half-year result from the company's own filing is fresher, when that half is up at least 20% on the same half a year earlier. Unknown when either period is missing.
Rule 3: New highs (N)
CoreData source: Daily prices- The rule
- Buy stocks emerging to new price highs from a sound base, not stocks near their lows.
- How we test it
- Pass when the close is within 5% of the 52-week high. Unknown without a 52-week high.
Rule 4: Leader, not laggard (L)
CoreData source: Daily prices- The rule
- Buy the leading stocks in leading groups. O'Neil looks for a relative strength rating of 80 or more.
- How we test it
- Pass when the stock's 6-month return minus the S&P/ASX 200's 6-month return is in the top quartile (at or above the 75th percentile) of every stock evaluated that day. Unknown without 6 months of price history.
Rule 5: Market direction (M)
CoreData source: S&P/ASX 200 index- The rule
- Three out of four stocks follow the market's trend, so buy only when the market is in a confirmed uptrend.
- How we test it
- Read from the S&P/ASX 200 (XJO): uptrend when the index closes above its 50-day average and the 50-day is above the 200-day; neutral when it closes above the 200-day but that stack is not in place; downtrend when it closes below the 200-day. Pass on uptrend or neutral, fail on downtrend, unknown when there is not enough recent index data (fewer than 200 sessions) to read the trend. A downtrend does not hide picks; it blocks triggers and turns the strategy verdict to stand aside.
Rule 6: Supply and demand (S)
CoreData source: Daily prices- The rule
- Big winners show demand in their trading volume. Thinly traded stocks are hard to buy and harder to sell.
- How we test it
- Pass when the average daily turnover (close times volume) over the last 20 sessions is at least A$250,000. The same floor excludes sub-cent stocks, whose prices are stored to 2 decimal places and are too coarse to measure. Unknown without 20 sessions of price and volume.
What this cannot see
- Reported fundamentals cover 0 of the 1761 stocks evaluated. Where growth data is missing the growth rules read unknown, never pass, so those stocks cannot trigger.
- There are no quarterly earnings for ASX companies, so trailing-twelve-month EPS stands in for the C in CAN SLIM, and it moves only when a half-year or full-year result lands.
- Institutional sponsorship (I) is not evaluated; we hold no fund ownership data.
- New products, new management and industry-group leadership are not evaluated.
- Relative strength is ranked against the ASX stocks we evaluate, not IBD's proprietary rating of US stocks, and the cut-off is the top quartile, slightly looser than O'Neil's 80.
- Everything is measured on end-of-day prices after the evening sweep. We do not see intraday breakouts, the time of day a move happened, or news released after the close.
- Prices are stored to 2 decimal places, so sub-cent stocks cannot be measured reliably; the A$250,000 turnover floor excludes them.
- This is a screen, not a recommendation. Nothing here is financial advice.