7 ASX growth stocks ticking all the boxes right now

With Livewire's 2026 Growth Series in full swing, Carl Capolingua and I are dusting off a fan favourite. 

We've previously shared our framework for screening growth stocks, which combines some rudimentary fundamental factors I used as a portfolio manager with Carl's technical analysis. 

As always, we throw in some comments from fund managers on the Livewire platform.

Disclaimer: Do your own research before making any investment decision. The analysis below is for educational purposes only and should not be considered recommendations. Past performance is not a reliable indicator of future return.

Factor screening

Whilst far from exhaustive, below are a handful of factors that can be important in screening for growth stocks:

• Sales growth (1-yr forward) > 10% – The cornerstone of any growth company. Strong revenue growth is essential, showing the business can expand meaningfully from one period to the next.
• EPS growth (1-yr forward) > 10% – Earnings should rise in step with sales. Strong EPS growth confirms that revenue gains are translating into shareholder value.
• EBITDA margin (1-yr forward) > 10% – Growth companies must demonstrate operating leverage. Expanding margins indicate that scale is improving profitability, not just top-line growth.
• ROE (1-yr forward) > 10% – A quality filter. High ROE shows that management is deploying shareholder capital efficiently to generate profits.

Using the HALO investment analysis tool, we identified 38 ASX 200 stocks that currently meet the criteria above. The data used was current as of 29 April 2026. Of the 38 stocks that passed the filter, not all had charts with the technical features Carl screens for, which is why the list was further whittled down.

So, which stocks made the cut? Let’s find out.

#1 – BHP GROUP (ASX: BHP)

HY26 confirmed the earnings mix is improving: attributable profit rose 28% to US$5.6 billion, copper contributed 51% of EBITDA and FY26 copper guidance was lifted to 1.9–2.0Mt, while the March-quarter update still showed record year-to-date WA iron ore production and unchanged FY26 iron ore guidance despite weather hits. 

Near-term catalysts are the FY26 result, the Q4 FY26 update on Jansen Stage 2 and the planned H2 FY26 submission of the Escondida New Concentrator environmental declaration; sentiment remains constructive because the group is increasingly copper-led while still anchored by a low-cost iron ore franchise. The key risk is that weaker iron ore pricing or renewed Chinese contract friction offsets the copper tailwind, with Jansen timing/cost execution the other obvious watchpoint.

Fundie view

In a case of exquisite timing, just yesterday, ETF Shares' CIO David Tuckwell posted the following on Livewire: 

Commodities

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Technical Analysis

BHP appeared in the Uptrends Scan List of my ChartWatch ASX Scans series I run on Market Index 34 times between its July 2025 long-term trend change and the recent 3-Mar peak. The most recent appearance was 14-Apr.

Trends

• Short-term (ST) uptrend (light green ribbon): the price is above the ST uptrend ribbon, the ST uptrend ribbon is rising, it is well established and expanding (i.e., gaining upside momentum), and it is acting as a zone of dynamic demand (i.e., there is a tendency for the price to bounce up off the ST uptrend ribbon) ✅
• Long-term (LT) uptrend (dark green ribbon): the price is above the LT uptrend ribbon, the LT uptrend ribbon is rising, it is well established, expanding (i.e., gaining upside momentum), and it is acting as a zone of dynamic demand (i.e., there is a tendency for the price to bounce up off the LT uptrend ribbon) ✅

Price Action

• Rising peaks and falling troughs (note, the 29-Apr candle low breached 20-Apr trough @ 54.90) ⚖️
• Key points of demand (POD): Static: 10-Apr trough @ 53.60 | Dynamic: ST uptrend ribbon, presently 53.78-54.59
• Key points of supply (POS): 23-Apr minor peak @ 56.74; 3-Mar major peak @ 59.39

Candles

• Predominantly demand side (i.e., white-bodied and or downward pointing shadows — consistent with pervasive programmed buy order dominance) ✅

View: BHP’s uptrends have realigned strongly since the correction triggered by the Middle East conflict; however, the short-term uptrend is losing some momentum. 59.39 is the major issue here. The probability that 59.39 sticks as an enduring major point of supply grows the longer the recent peak at 53.60 isn’t breached.

A quick bounce off the short-term uptrend ribbon, followed by a close above 53.60 would be a strong signal that the demand side remains in control of BHP's price. My model would move back to “add risk” or “+R” if that occurs.

A close below the short-term uptrend ribbon neutralises the short-term uptrend and confirms 53.60 as a potential lower major peak to 59.39 — far from ideal. My model would move to “reduce risk” or “-R” if that occurs. For now, though, my model is at “retain risk” or “=R”.

#2 – CODAN (ASX: CDA) - (repeat from PRIOR updateS)

Codan has been in both our previous iterations of this wire (here and here), going back to January this year and September last year. And it popped up again on our scan even before yesterday's announcement, which sent the stock surging 15%. 

This is one of the fantastic things about great growth stocks; if you're lucky enough to get on them early, you can keep riding them while the story unfolds. 

Codan’s momentum has accelerated into H2: communications grew ~19% in H1, and full-year comms revenue is now expected at the top of the 15–20% range, with segment margin roughly 30% (vs 26% last year). Minelab sales continue to outpace H1, buoyed by a high gold price and recent detector launches. 

As a result, Codan now forecasts FY26 EBIT ≈A$235 m (NPAT ≈A$170 m), over 60% above FY25. Near-term focus remains on executing product roll-outs; risks include any pullback in gold prices or delays in major defence contracts.

Fundie view

On a recent episode of Buy Hold Sell, both IML's Lucas Goode and Hayborough's Ben Rundle rated CDA a HOLD, with the former saying the following; 

I think Codan's a fantastic business. You can't really find any knocks on them, right? You can't find probably too many hotter exposures right now than drones and gold mining. Alf is a fantastic CEO and has done a really great job in terms of execution. For us, 40 times earnings is just a little bit rich for a business that doesn't have much in the way of recurring revenue.

Technical Analysis

CDA is one of the most frequently appearing ASX stocks in the Uptrends Scan List since ChartWatch ASX Scans began two years ago — appearing a whopping 86 times. Its most recent appearance was 29-Apr, but I note a very handy appearance on 21-Apr at $36.47 just before the 29-Apr surge!

Trends

• ST uptrend: all favourable traits met (see BHP for expanded explanation) ✅
• LT uptrend: all favourable traits met (see BHP for expanded explanation) ✅

Price Action

• Rising peaks and rising troughs (i.e., indicates fear or missing out (“FOMO”), holding on for upside (“HOFU”) and buy the dip (“BTD”) — each classic traits of strong demand side control) ✅
• Key points of demand (POD): Static: 23-Apr peak @ 36.64 | Dynamic: ST uptrend ribbon, presently 35.09-35.48
• Key points of supply (POS): Nil — blue sky from here!

Candles

• Predominantly demand side (see BHP for expanded explanation) ✅

View: CDA is an excellent reminder that nothing goes up in a straight line. Note also, just how reliable the long-term uptrend ribbon is often as a zone of dynamic demand at which long-term investors look to buy the dip. I viewed the appearance of a cluster of strong demand side candles around 21-Apr as the realignment of the short-term trend back to up — an opportunity to +R. Given the CDA chart remains a picture of excess demand, this remains my view: +R (or =R if one prefers).

#3 – Greatland Resources (ASX: GGP)

March-quarter momentum was exceptional: the group produced 82.7koz of gold at AISC of A$2,056/oz, generated A$453 million of operating cash flow and finished March with A$1.21 billion of cash and no debt, with FY26 production now expected around or slightly above the top end of guidance and AISC toward the lower end. 

Near-term catalysts are the June-quarter reserve update, continued Telfer life-extension work and further Havieron approvals after Commonwealth environmental approval and the WA state environmental recommendation; sentiment is strong because the balance sheet now gives the stock both gold-price leverage and self-funded development optionality. The main uncertainty is permitting and execution at Havieron, including whether approval conditions constrain haulage or development sequencing.

Fundie view

Greatland has had plenty of coverage on the website in recent months, but no specific comments from managers. Rather, it has appeared in broader coverage, as per the below: 

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Technical Analysis

GGP doesn’t have a great deal of price action, and so it’s relatively new in ChartWatch ASX Scans. As you can see in the chart above, it has shown a strong short-term uptrend for most of its short life, causing it to appear 21 times in the Uptrends Scan List. Its most recent appearance was 15-Apr and its first was 22-Sep 2025 at $7.13.

Trends

• ST uptrend: all favourable traits met ✅
• LT uptrend: N/a — GGP hasn’t been around long enough for a long-term uptrend to exist!

Price Action

• Falling peaks and falling troughs very recently, but they are tightly packed. This is more likely to be a contraction than a change in the price action trend for now. ⚖️
• Key points of demand (POD): Dynamic: ST uptrend ribbon, presently 13.37-13.75
• Key points of supply (POS): 8-Apr peak @ 15.32

Candles

• Predominantly demand side ✅

View: GGP’s price rebounded well from the Middle East conflict sell-off but appears to be compressing around the March high. This is not uncommon, and given that the candles remain demand side in nature and the short-term trend ribbon continues to hold, the more often than not (“MOTN”) scenario here is likely short-term uptrend continuation. Still, a close below the short-term uptrend ribbon would neutralise the short-term trend.

My model views this chart as =R for now, but it would swing back to +R on the next strong demand side candle. It would be -R on a close below the short-term uptrend ribbon.

#4 – nrw holdings (ASX: NWH)

HY26 was strong, with revenue up 19.5% to A$2.0 billion, underlying EBITA up 36.4% to A$132.3 million and the order book at A$7.5 billion, while management upgraded FY26 underlying EBITA guidance to A$275–285 million. 

Near-term catalysts are conversion of the A$25.2 billion pipeline, especially across mining, MET and data-centre/electrical work, plus proof that the recent acquisition can expand margins toward management’s target rather than just add revenue; sentiment is supported by unusually good visibility for a contractor. The main risk is classic services execution - weather, labour, client timing and integration can still squeeze margins surprisingly quickly.

Fundie view

In their post reporting season March webinar, LSN Capital Partners featured NWH as one of its preferred holdings, noting that it has direct exposure to the gold, copper, and broader commodity CapEx cycle. Its result came in ahead of expectations and guidance was lifted. 

LSN believed at the time that the current forecasts "probably don't fully reflect the strength of the cycle."

Technical Analysis

NWH is another Uptrends Scan List regular, appearing 38 times since the last long-term uptrend began around August 2025 (and as recently as 10-Apr). Its chart is similar to many in this list, in that it shows a very strong long-term uptrend that was negatively impacted by recent events in the Middle East. Also similarly, it has recovered well and is now threatening to break to new all-time highs.

Trends

• ST uptrend: all favourable traits met ✅
• LT uptrend: all favourable traits met ✅

Price Action

• Rising peaks and rising troughs ✅
• Key points of demand (POD): Static: 15-Apr trough @ 5.85 | Dynamic: ST uptrend ribbon, presently 5.90-5.98
• Key points of supply (POS): 17-Apr minor peak @ 6.43; 27-Feb major peak @ 6.59

Candles

• Predominantly demand side ✅

View: A very strong rebound off the long-term uptrend ribbon — which again proved to be the precise point at which the strong hands returned to buy the dip. The last pullback from 6.43 is mild enough to be discounted as just a pullback within strong short- and long-term uptrends, however, a close below the short-term uptrend ribbon would neutralise the short-term trend. My model would be -R if that occurs, but it’s very much =R for now. It would be +R on the next strong demand side candle. It’s that simple.

#5 – PLS GROUP (ASX: PLS)

PLS has moved from balance-sheet defence back to visible upside: H1 FY26 EBITDA jumped 241% to A$253 million, then the March quarter delivered record spodumene production of 232.4kt, a 61% jump in realised price, A$461 million of operating cash margin and a cash balance of A$1.455 billion. 

Near-term catalysts are the July 2026 Ngungaju restart, the June-quarter FY27 guidance update, the P2000 feasibility study due in the December quarter of 2026 and first product from the Mid-Stream Demonstration Plant in the September quarter; market sentiment has improved with firmer lithium demand and storage-related optimism, but the equity remains very geared to spot pricing. The key risk is that lithium prices flatten or reverse before those operating and downstream options are converted into durable earnings.

Fundie view

Following PLS' results in February, Carl spoke with Auscap's Tim Carleton who said the following in the wake of the numbers: 

Strong cost control results in very strong operating leverage to higher commodity prices. Should lithium spodumene prices stay at current levels the company should deliver much stronger levels of profitability in future periods.

Technical Analysis

PLS is one of the most frequently appearing ASX stocks in ChartWatch ASX Scans full stop. Over the last two years, it appeared 74 times in the Downtrends Scan List (i.e., -R) between the $3.75 and $1.23, but it returned to the Uptrends Scan List in August last year, appearing 38 times since then (i.e., +R). It goes to show, trends change — and when they do, ChartWatch ASX Scans usually spots them! PLS’s most recent Uptrends Scan List appearance was 28-Apr.

Trends

• ST uptrend: all favourable traits met ✅
• LT uptrend: all favourable traits met ✅

Price Action

• Rising peaks and rising troughs ✅
• Key points of demand (POD): Static: 23-Apr trough @ 5.61 | Dynamic: ST uptrend ribbon, presently 5.38-5.60
• Key points of supply (POS): Nil — blue sky from here!

Candles

• Predominantly demand side ✅

View: PLS is an excellent reminder that trends change. One must be flexible enough to go long and short — because there have been excellent opportunities to do so both here on PLS — and on hundreds of other ASX stocks over the last 12 months.

The PLS chart is a picture of excess demand. This means my model can have only one view on it: +R (or =R if one prefers).

#6 – srg global (ASX: SRG)

SRG’s 1H FY26 kept the growth story intact, with revenue up 20%, EBITDA up 24% and NPAT(A) up 34%, helped by stronger maintenance activity and the recent marine-infrastructure acquisition. 

Near-term catalysts are delivery against upgraded FY26 guidance of EBITDA A$164–168 million and EBITA A$126–130 million, additional repeat-client work across resources, energy and social infrastructure, and evidence that the acquisition lifts recurring earnings quality rather than just group size; broker commentary remains constructive on those points even though first-half Engineering & Construction margins were softer than expected. The key risk is execution and labour availability, especially if E&C margin pressure persists or integration synergies arrive later than hoped.

Fundie view

On a recent episode of Buy Hold Sell, IML's Lucas Goode rated SRG as a BUY, and said the following: 

Notwithstanding the fact that it has contract risk, the number of contracts that these guys have won over the last 18 months has been seriously impressive. I think that's probably a function of the team they've got, the sectors they face, and the offering that they can provide. But given their pipeline and work in hand, I think that can continue.

Technical Analysis

Chris has selected a strong list of stocks for review today. SRG is another Uptrends Scan List regular, appearing 57 times since the last long-term uptrend began around April 2025. Unlike many on this list, however, it has not sported a recent appearance — the last being 16-Jan.

Trends

• ST uptrend: all favourable traits met ✅
• LT uptrend: all favourable traits met ✅

Price Action

• Rising peaks and rising troughs ✅
• Key points of demand (POD): Static: 14-Apr trough @ 2.62 | Dynamic: ST uptrend ribbon, presently 2.77-2.80
• Key points of supply (POS): 27-Apr minor peak @ 3.01; 16-Jan major peak @ 3.14

Candles

• Predominantly demand side ✅

View: A solid rebound off the long-term uptrend ribbon (again, note its incredible reliability!). My model isn't far from moving back to +R here — literally one more strong demand side candle would confirm the new short-term uptrend. It’s very much =R for now, but as for most in this list, a close below the short-term trend ribbon would move the model to -R.

#7 – santos (ASX: STO)

Santos is now a ramp-up story more than a static yield name: FY25 profit fell 25% to US$898 million, but management guided FY26 production to 101–111 mmboe and the first-quarter 2026 update showed sales revenue of about US$1.27 billion, free cash flow from operations of roughly US$383 million and production of 22.5 mmboe as Barossa and Pikka moved into start-up and ramp-up. 

Near-term catalysts are the June-quarter report, 2026 half-year results, Barossa/Darwin LNG stabilisation and Pikka’s move toward mid-2026 plateau capacity, with sentiment also tied to the portfolio review and planned 10% workforce reduction to lower costs. The key risk is project execution - Barossa has already absorbed technical delays - and the stock remains exposed to oil/LNG pricing and strategic uncertainty around the Australian portfolio review.

Fundie view

In this commodities-focused episode of Buy Hold Sell earlier this month, Datt Capital's Emanuel Datt rated STO a BUY and said the following about the company: 

Santos is a buy for me because they've completed a big CapEx cycle. They brought on projects like Barossa and Pikka, which had a delivery phase, allowing the company to focus on capital allocation decisions that may reward shareholders. 

Another attractive thing about Santos is that there are a number of growth options in their portfolio, and that they may be sped up by a change in government energy policy. So we think that may be one of the ancillary benefits for Santos shareholders in the fullness of time. 

Technical Analysis

STO is showing a similar chart to many on this list, in that it’s challenging a major high. Note though, its short-term trend is arguably the weakest among this cohort. Interestingly, STO is also the stock in this group to log the least number of Uptrends Scan List appearances — just 10 — with 8 of those occurring since 4-Feb this year when the last long-term uptrend began. STO’s most recent Uptrends Scan List appearance was 2-Apr.

Trends

• ST trend: neutral ⚖️
• LT uptrend: all favourable traits met ✅

Price Action

• Falling peaks and falling troughs (i.e., no FOMO, no HOFU, and a bit of sell the rally (“STR”) here!) ⚠️
• Key points of demand (POD): Static: 21-Apr trough @ 7.40
• Key points of supply (POS): 29-Apr major peak @ 8.19

Candles

• Mixed at best, quite a few supply-side variants creeping in ⚠️

View: STO is struggling to attract strong demand in the short term / the supply side appears to be growing in influence. The price action is holding above the short-term trend ribbon for now, but 8.19 is increasingly looking like a tough nut to crack. A close below 7.40 would confirm a new short-term downtrend.

My model views STO as =R for now, but running at less than a full risk position (“FRP”). The model would move to zero risk position (“ZRP”) on a close below 7.40. Having said this, not all is lost here — a return to rising peaks and rising troughs and a predominance of demand side candles could see a swing back to +R above $8.00.