Stockhead’s Hot Money Monday analysis is based on the Relative Strength Index (RSI) — a technical gauge which measures how trading momentum is affecting the price action.

A reading of 70 is seen as the level at which a company may have been overbought. If a stock has a reading of 30 or below, it could be undervalued.

Click here for a more detailed rundown of what the RSI does and how it’s used.

While there’s usually a pretty good reason if a given stock is running hot (or cold), investors are also on the look-out for opportunities where the price action has separated from fundamentals.

Running Hot

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, February 12:

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price RSI Market Cap
ACS Accent Resources NL 0.06 99 $ 20,505,200
ORM Orion Metals Ltd 0.05 99 $ 27,254,872
BD1 Bard1 Life Sciences 1.81 95 $ 127,309,346
MXC MGC Pharmaceuticals 0.061 93 $ 104,753,990
IOU Ioupay Limited 0.375 86 $ 128,387,389
3DP Pointerra Limited 0.8 86 $ 503,049,834
Z1P Zip Co Ltd. 1065 84 $ 5,954,034,890
RNT Rent.Com.Au Limited 0.285 83 $ 107,366,641
NCL Netccentric Ltd 0.099 83 $ 24,937,500
TMH The Market Herald 0.785 82 $ 148,019,304
TRM Truscott Mining Corp 0.027 81 $ 3,454,422
MYQ Myfiziq Limited 1.77 79 $ 225,313,852
BEM Blackearth Minerals 0.195 77 $ 27,826,679
PGY Pilot Energy Ltd 0.082 77 $ 17,905,771
GLL Galilee Energy Ltd 0.79 77 $ 239,161,050
RAC Race Oncology Ltd 2.86 76 $ 358,601,084
EGR Ecograf Limited 0.965 75 $ 363,986,768
FFG Fatfish Group 0.051 75 $ 39,931,673
RMI Resource Mining Corp 0.022 75 $ 6,517,882
SGC Sacgasco Ltd 0.1 75 $ 35,758,058
NOX Noxopharm Limited 0.895 74 $ 236,538,707
GGX Gas2Grid Limited 0.01 73 $ 17,367,961
T3D 333D Limited 0.3 73 $ 4,131,466
ADO Anteotech Ltd 0.22 73 $ 383,380,074
A3D Aurora Labs Limited 0.175 72 $ 32,108,259
BNO Bionomics Limited 0.24 72 $ 183,811,888
ASP Aspermont Limited 0.022 71 $ 46,177,801
ARN Aldoro Resources 0.32 70 $ 21,256,453
LRS Latin Resources Ltd 0.062 70 $ 77,639,056
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Last week’s leader, financial services firm Centrepoint Alliance (ASX:CAF), fell out of this week’s list.

But there were plenty of stocks running hot, as Stockhead’s data team recorded 29 companies that posted a 14-day RSI above 70 (that’s up from 23 last week).

That included two companies with a red-hot reading of 99 (which doesn’t happen often).

Iron ore junior Accent Resources (ASX:ACS) has a recent history of jumping around, and the stock has been ripping higher in February on no news.

Near the top of the list was Bard1 Life Sciences (ASX:BD1), which doubled this week after a promising test for its ovarian cancer treatment.

Also running hot this week was BNPL leader Zip Co (ASX:Z1P), which is trading above $10 and posted an RSI of 84, as well as rent.com.au (ASX:RNT) which has been on an eye-watering rally since leading tech investor Bevan Slattery took a 10 per cent stake in the business.

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, February 12:

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price RSI Market Cap
VTG Vita Group Ltd 0.86 30 $ 134,195,295
CTE Cryosite Limited 0.305 28 $ 14,760,762
NMR Native Mineral Res 0.23 28 $ 6,771,173
ENR Encounter Resources 0.125 28 $ 41,023,281
ID8 Identitii Limited 0.125 28 $ 19,732,839
BIR BIR Financial Ltd 0.021 27 $ 1,706,258
AMP AMP Limited 1.36 27 $ 4,708,140,960
MTC Metalstech Ltd 0.17 27 $ 24,916,498
E2M E2 Metals 0.415 26 $ 65,849,699
PCH Property Connect 0.0015 26 $ 1,028,795
PRO Prophecy Internation 0.575 26 $ 36,805,626
CIM Cimic Group Ltd 20.68 24 $ 6,490,527,563
ZNO Zoono Group Ltd 0.875 24 $ 146,880,873
PAL Palla Pharma Ltd 0.53 24 $ 66,752,428
DGR DGR Global Ltd 0.055 21 $ 53,656,830
CLH Collection House 0.27 19 $ 39,035,745
MPH Mediland Pharm 0.047 14 $ 14,699,890
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