Each week, Stockhead provides a summary of outliers 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 the first edition of Hot Money, which includes a more detailed description of what the RSI does and how it’s used.

 

Running hot

Markets continue to like the look of mining-focused training education platform Site Group International (ASX:SIT), which topped the 14-day hot money readings after coming in at second place the previous week.

The company made no new announcements last week but investors sent the stock up to a new high of 7.5c, after the company raised money and released its full-year trading results in August.

Elsewhere, there were some new names at the top of the list as gym owner Viva Leisure (ASX:VVA) ran hot with a two-week RSI of 87.17.

Shares in Viva Leisure rose sharply at the end of August after it released full-year profit results which came in ahead of its prospectus forecasts. The company listed on the ASX in June.

And another health play, Total Brain (ASX:TTB), rounded out the top three after finding momentum in the wake of an integration deal with global tech giant IBM.

The company said its SaaS platform would be embedded as a core function in IBM’s THRIVE360° of Mental Fitness platform, sending Total Brain’s stock price to the highest level since February.

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, September 6:

Code Name 14 Day RSI Price (2pm Friday) Market Cap
SIT SITE GROUP INTERNATIONAL LTD 89.87 0.08 56.45M
VVA VIVA LEISURE LTD 87.17 1.85 94.15M
TTB TOTAL BRAIN LTD 86.12 0.06 40.44M
WAT WATERCO LTD 85.69 2.1 73.24M
RTR RUMBLE RESOURCES LTD 84.76 0.1 38.47M
HIL HILLS LTD 84.63 0.27 58.00M
BSA BSA LTD 82.47 0.46 184.53M
CGS COGSTATE LTD 81.62 0.31 46.11M
PAR PARADIGM BIOPHARMACEUTICALS 81.5 1.95 360.39M
PPL PUREPROFILE LTD 81.23 0.03 2.64M
SES SECOS GROUP LTD 81.12 0.07 24.70M
BNL BIG STAR ENERGY LTD 81.07 0.02 8.45M
HPR HIGH PEAK ROYALTIES LTD 79.97 0.13 23.62M
COB COBALT BLUE HOLDINGS LTD 79.25 0.19 26.98M
EAR ECHO RESOURCES LTD 79.24 0.33 226.47M
MPW MSL SOLUTIONS LTD 79.19 0.11 24.73M
AGS ALLIANCE RESOURCES LTD 78.96 0.14 21.57M
BWX BWX LTD 77.93 3.67 464.69M
RUL RPMGLOBAL HOLDINGS LTD 77.24 0.72 155.79M
ARN ALDORO RESOURCES LTD 77.17 0.22 4.97M
EGG ENERO GROUP LTD 76.87 1.95 162.65M
SEI SPECIALITY METALS INTERNATIO 76.82 0.05 50.12M
SOR STRATEGIC ELEMENTS LTD 76.77 0.06 15.58M
KCN KINGSGATE CONSOLIDATED LTD 76.68 0.44 90.49M
ABR AMERICAN PACIFIC BORATE & LI 76.58 0.39 101.51M
CCX CITY CHIC COLLECTIVE LTD 76.38 2.29 426.76M
AKG ACADEMIES AUSTRALASIA GROUP 76.19 0.56 72.10M
MTO MOTORCYCLE HOLDINGS LTD 75.96 2.4 150.56M
SRN SUREFIRE RESOURCES NL 75.94 0.01 5.53M
BYE BYRON ENERGY LTD 75.81 0.38 264.52M
PPK PPK GROUP LTD 75.71 3.3 263.96M
ASG AUTOSPORTS GROUP LTD 75.21 1.57 315.57M
GSW GETSWIFT LTD 74.93 0.37 65.98M
WMI WAM MICROCAP LTD 74.84 1.39 168.64M
WCN WHITE CLIFF MINERALS LTD 74.37 0.01 2.82M
8IH 8I HOLDINGS LTD-CDI 74.18 0.09 23.56M
OCL OBJECTIVE CORPORATION LTD 74.14 4.14 389.58M
PGY PILOT ENERGY LTD 73.77 0.08 7.63M
PEA PACIFIC ENERGY LTD 73.54 0.97 419.34M
NTM NTM GOLD LTD 73.26 0.06 32.37M
NVA NOVA MINERALS LTD 73.22 0.06 55.92M
GCM GARDA CAPITAL GROUP 73.11 2.21 59.07M
WLL WELLCOM GROUP LTD 72.85 6.84 268.33M
TAO TAO COMMODITIES LTD 72.57 0.12 3.72M
RDH REDHILL EDUCATION LTD 72.51 2.38 69.03M
KEY KEY PETROLEUM LTD 72.47 0.01 16.84M
MNF MNF GROUP LTD 72.36 4.82 352.80M
ABA AUSWIDE BANK LTD 72.17 5.8 244.24M
PVL POWERHOUSE VENTURES LTD 71.84 0.09 3.07M
LCM LOGICAMMS LTD 71.51 0.24 45.18M
DN8 DREAMSCAPE NETWORKS LTD 71.36 0.26 103.26M
QHL QUICKSTEP HOLDINGS LTD 71.34 0.09 66.06M
QFE QUICKFEE LTD 71.32 0.47 63.25M
PAC PACIFIC CURRENT GROUP LTD 71.21 6.14 295.38M
SEQ SEQUOIA FINANCIAL GROUP LTD 71.12 0.23 27.41M
PSQ PACIFIC SMILES GROUP LTD 71.11 1.58 240.15M
SGQ ST GEORGE MINING LTD 71.02 0.19 66.30M
AR9 ARCHTIS LTD 71.02 0.14 16.00M
PCK PAINCHEK LTD 71.01 0.26 237.68M
MOH MOHO RESOURCES NL 70.91 0.08 3.53M
LMG LATROBE MAGNESIUM LTD 70.6 0.01 11.67M
WBE WHITEBARK ENERGY LTD 70.54 0.01 17.67M
EMV EMVISION MEDICAL DEVICES LTD 70.53 0.44 25.33M
PTL PENTAL LTD 70.18 0.35 48.37M

 

Running Cold

It was a rough week for Integrated Green Energy Solutions (ASX:IGE), which operates a patented conversion technology that converts plastic to fuels.

The selling followed an announcement on August 30 regarding construction at the company’s fuel conversion facility in Amsterdam.

After measuring an RSI reading of 20.64 last week, IGE fell to a measure of 11.91 last week.

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, September 6:

Code Name 14 Day RSI Price (2:00pm Friday) Market Cap
CPV CLEARVUE TECHNOLOGIES LTD 29.78 0.17 16.61M
SGH SLATER & GORDON LTD 29.72 1.14 79.96M
ZGL ZICOM GROUP LTD 29.66 0.08 17.59M
ACS ACCENT RESOURCES NL 29.56 0.003 543.00k
BLU BLUE ENERGY LTD 29.54 0.04 54.41M
PAI PLATINUM ASIA INVESTMENTS LTD 29.43 0.93 409.16M
ARQ ARQ GROUP LTD 29.43 0.54 65.34M
CMD CASSIUS MINING LTD 29.4 0.01 3.13M
ACW ACTINOGEN MEDICAL LTD 29.29 0.01 8.95M
ICQ ICAR ASIA LTD 29.27 0.16 70.03M
RDS REDSTONE RESOURCES LTD 29.13 0.01 4.27M
QAG BETASHARES AGRICULTURE 28.95 5.26 2.95M
SST STEAMSHIPS TRADING COMPANY 28.87 15.5 480.63M
DWS DWS LTD 28.51 1.02 135.79M
MVF MONASH IVF GROUP LTD 28.43 1.02 240.50M
TWD TAMAWOOD LTD 28.06 3.1 85.88M
CRO CIRRALTO LTD 27.91 0.01 5.94M
DNA DONACO INTL LTD 27.82 0.06 53.53M
KIN KIN MINING NL 27.76 0.05 20.78M
IGN IGNITE LTD 27.69 0.04 3.58M
LKE LAKE RESOURCES NL 27.61 0.04 21.52M
EHH EAGLE HEALTH HOLDINGS LTD 27.51 0.13 42.07M
LHM LAND & HOMES GROUP LTD 27.24 0.01 9.44M
LPE LOCALITY PLANNING ENERGY HOL 27.2 0.71 35.65M
GOW GOWING BROS LIMITED 26.81 2.25 121.36M
LRSDA LATIN RESOURCES LTD 26.74 0.02 2.80M
N1H N1 HOLDINGS LTD 26.49 0.04 3.43M
SDX SIENNA CANCER DIAGNOSTICS LT 26.34 0.04 10.12M
SVY STAVELY MINERALS LTD 26.08 0.17 34.82M
DCC DIGITALX LTD 26.04 0.03 16.69M
INP INCENTIAPAY LTD 25.63 0.02 5.09M
PRT PRIME MEDIA GROUP LTD 25.13 0.17 65.94M
AJM ALTURA MINING LTD 25 0.06 151.16M
SVS SUNVEST CORPORATION LIMITED 24.81 0.19 3.04M
AYS AMAYSIM AUSTRALIA LTD 24.62 0.44 126.90M
CAQ CAQ HOLDINGS LTD 24.18 0.01 6.46M
LHB LIONHUB GROUP LTD 23.03 0.005 4.96M
SF1 STEMIFY LTD 22.58 0.03 4.25M
8VI 8VIC HOLDINGS LTD 22.57 0.3 12.16M
BIQ BUILDINGIQ INC-CDI 21.99 0.03 11.41M
EN1 ENGAGE:BDR LTD 21.72 0.02 13.41M
NUH NUHEARA LTD 21.35 0.02 26.56M
EPM ECLIPSE METALS LTD 20.95 0.001 1.15M
MHI MERCHANT HOUSE INTL LTD 20.27 0.07 6.60M
AQC AUSTRALIAN PACIFIC COAL LTD 19.73 0.22 11.36M
BUD BUDDY TECHNOLOGIES LTD 19.3 0.02 48.64M
14D 1414 DEGREES LTD 19.28 0.19 36.20M
GMV G MEDICAL INNOVATION HOLDING 17.9 0.08 32.70M
EMB EMBELTON LTD 17.57 9.81 21.17M
MWY MIDWAY LTD 14.59 2.58 227.95M
8EC 8IP EMERGING COS LTD 13.87 0.31 29.33M
IGE INTEGRATED GREEN ENERGY SOLUTIONS 11.91 0.13 53.17M