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 |