Medtech company Oneview Health (ASX:ONE) led 25 stocks that chalked up a 14-day RSI above 70 this week, up slightly from 22 in the week prior.

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, March 18:

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Code Company Price RSI Market Cap
ONE Oneview Healthcare 0.34 88 $ 93,480,155.56
INV Investsmart Group 0.2 84 $ 27,707,907.00
MCA Murray Cod Aust Ltd 0.305 81 $ 169,519,467.30
VGL Vista Group Int Ltd 2.07 80 $ 459,515,772.12
CLV Clover Corporation 1.81 79 $ 274,411,671.60
RNU Renascor Res Ltd 0.125 78 $ 224,870,827.59
IDT IDT Australia Ltd 0.26 78 $ 44,444,337.84
MGH Maas Group Holdings 3.3 78 $ 876,970,425.88
SPA Spacetalk Ltd 0.18 77 $ 18,191,958.95
IVZ Invictus Energy Ltd 0.1475 77 $ 61,671,977.51
ACB A-Cap Energy Ltd 0.065 77 $ 58,416,286.02
CKF Collins Foods Ltd 11.12 77 $ 1,291,720,183.52
VLS Vita Life Sciences 1.19 75 $ 64,358,308.28
E25 Element 25 Ltd 2.6 74 $ 313,018,066.64
TOE Toro Energy Limited 0.03 74 $ 85,662,053.65
JAY Jayride Group 0.17 73 $ 20,867,895.08
QEM QEM Limited 0.155 72 $ 15,500,000.00
IDZ Indoor Skydive Aust 2.3 72 $ 8,080,802.38
KIS King Island 0.33 72 $ 100,304,933.68
NWC New World Resources 0.079 72 $ 97,327,020.17
PVL Powerhouse Ven Ltd 13 70 $ 9,693,519.90
ANL Amani Gold Ltd 0.0015 70 $ 21,573,993.49
BEL Bentley Capital Ltd 0.1 70 $ 7,308,280.13
SRK Strike Resources 0.25 70 $ 60,547,895.66
DEG De Grey Mining 1.14 70 $ 1,502,093,986.07

Oneview Health is running hot in the wake of an interesting month of activity in March highlighted by a shared-based deal with investment research group, StocksDigital, to put coverage on the stock.

ONE shares recorded an RSI of 73 last week but by this week that number had jumped to 88.

Shares in ONE have risen for eight of the last nine trading days (including a 100pc surge on March 12 accompanying the StocksDigital announcement) — during which time the stock has rallied from 7.2c to 37.5c.
 

Running Cold

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, March 18:

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Code Company Price RSI Market Cap
MHI Merchant House 0.046 30 $ 4,336,258.82
CHK Cohiba Min Ltd 0.017 29 $ 23,637,875.30
NUC Nuchev Limited 0.89 29 $ 33,865,689.60
MEM Memphasys Ltd 0.06 28 $ 45,586,432.80
BMG BMG Resources Ltd 0.068 28 $ 16,799,416.06
SPT Splitit 1.00 28 $ 456,710,520.00
BLY Boart Longyear 0.48 27 $ 42,485,664.00
ESR Estrella Res Ltd 0.059 27 $ 53,575,642.72
EM1 Emerge Gaming Ltd 0.037 27 $ 32,827,161.51
M8S M8 Sustainable 0.04 26 $ 7,020,005.00
YFZ Youfoodz 0.71 26 $ 91,418,364.96
GSN Great Southern 0.058 26 $ 27,301,225.20
AEI Aeris Environmental 0.235 26 $ 57,299,541.70
MAG Magmatic Resrce Ltd 0.105 25 $ 19,296,113.87
PVE Po Valley Energy Ltd 0.03 25 $ 19,418,583.09
DOC Doctor Care Anywhere 100 25 $ 179,038,669.00
TPS Threat Protect Ltd 0.042 24 $ 10,120,163.68
AKG Academies Aus Grp 0.26 23 $ 33,179,761.42
OXX Octanex Ltd 0.015 11 $ 3,642,357.60
FZR Fitzroy River Corp 0.12 10 $ 14,897,353.84

Among the notable names on the Running Cold list was BNPL player Splitit (ASX:SPT), which recorded an RSI of 27 amid a consistent selling trend over the past month.

Accompanying the broader move lower across the sector, SPT shares have fallen from $1.50 on February 10 to a Friday close of 93c — a fall of around 40 per cent.

On February 9, Splitit issued a ‘Notice of ceasing to be a substantial holder’ after co-founder Alon Feit sold 13,300,000 shares on-market at $1.47, for a nominal return of $19,551,000.