Each Monday, Stockhead recaps which stocks are most heavily in demand by investors — running hot.

The 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 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 lookout for opportunities where the price-action has separated from fundamentals.

Here’s this week’s list:

Running Hot

There was a new leader on this week’s table — and with good reason — as workplace health platform Konekt (ASX:KKT) ran hot on the back of a $52m takeover offer.

Last week’s leader Opticomm Ltd (ASX: OPC) cooled off slightly but is still running hot, while defence-tech company XTEK Ltd (ASX: XTE) was a new addition to the top five with an RSI reading of 77.39.

The stock has been climbing steadily since the start of the month since it confirmed the acquisition of the US-based HighCom Armour Solutions had been completed.

Speaking with Stockhead earlier this year, XTEK managing director Philippe Odouard said the acquisition was an important step towards gaining a foothold in the huge US military market.

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, October 11:

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

Code Name Price ($) 14-day RSI Market Cap
KKT KONEKT LTD 0.49 86.61 51.31M
EMV EMVISION MEDICAL DEVICES LTD 0.89 85.13 48.94M
KTA KRAKATOA RESOURCES LTD 0.06 84.92 7.50M
OPC OPTICOMM LTD 3.89 83.03 412.14M
XTE XTEK LTD 0.89 77.59 47.46M
GCM GARDA CAPITAL GROUP 2.33 77.58 61.48M
OSX OSTEOPORE LTD 0.97 77.3 98.19M
AQX ALICE QUEEN LTD 0.05 76.92 40.13M
MEM MEMPHASYS LTD 0.09 76.46 52.10M
EPM ECLIPSE METALS LTD 0.004 75.96 4.59M
SEI SPECIALITY METALS INTERNATIONAL 0.06 75.38 58.96M
TLG TALGA RESOURCES LTD 0.54 75.16 117.74M
SDV SCIDEV LTD 0.5 75.01 63.53M
PBH POINTSBET HOLDINGS LTD 4.07 74.98 465.45M
RAP RESAPP HEALTH LTD 0.34 74.87 226.28M
HIP HIPO RESOURCES LTD 0.01 74.14 5.80M
PPK PPK GROUP LTD 4.57 73.88 371.20M
BET BETMAKERS TECHNOLOGY GROUP 0.18 73.69 70.29M
TNY TINYBEANS GROUP PTY LTD 1.98 73.67 74.19M
AUP AURORA PROPERTY 2.95 73.59 4.25M
RYD RYDER CAPITAL LTD 1.5 73.17 75.42M
PKO PEAKO LTD 0.03 72.94 3.46M
IOD IODM LTD 0.19 72.73 92.74M
TML TIMAH RESOURCES LTD 0.07 72.42 6.62M
CCG COMMSCHOICE GROUP LTD 0.07 72.2 12.37M
PYC PHYLOGICA LTD 0.06 72.06 136.80M
CUP COUNTPLUS LTD 1.06 71.84 122.79M
EHX EHR RESOURCES LTD 0.04 71.78 4.81M
DSE DROPSUITE LTD 0.04 71.67 19.75M
SVY STAVELY MINERALS LTD 1.08 71.33 200.70M
AZI ALTA ZINC LTD 0.01 71.25 10.98M
CRM CARBON MINERALS LTD 0.17 71.23 3.20M
RAC RACE ONCOLOGY LTD 0.14 71.01 14.10M
AV1 ADVERITAS LTD 0.14 70.94 26.19M
BRI BIG RIVER INDUSTRIES LTD 1.23 70.9 76.84M
HZR HAZER GROUP LTD 0.51 70.6 43.28M

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, October 11:

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

Code Name Price ($) 14-day RSI Market Cap
TZN TERRAMIN AUSTRALIA LTD 0.05 29.97 95.35M
APV APPSVILLAGE AUSTRALIA LTD 0.12 29.89 7.67M
ALG ARDENT LEISURE GROUP LTD 0.92 29.87 438.93M
CBY CANTERBURY RESOURCES LTD 0.2 29.59 16.75M
VR8 VANADIUM RESOURCES LTD 0.04 29.55 14.44M
CMD CASSIUS MINING LTD 0.01 29.51 1.83M
RSH RESPIRI LTD 0.06 29.13 35.77M
BCI BCI MINERALS LTD 0.17 29.08 65.82M
TAM TANAMI GOLD NL 0.05 29.01 52.88M
IP1 INTEGRATED PAYMENT TECHNOLOGIES 0.01 28.87 4.32M
SMX SECURITY MATTERS LTD 0.29 28.64 32.42M
JRL JINDALEE RESOURCES LTD 0.22 28.43 8.47M
CSE COPPER STRIKE LTD 0.04 28.13 4.27M
GMC GULF MANGANESE CORP LTD 0.006 28.06 25.22M
ECT ENVIRONMENTAL CLEAN TECHNOLOGIES 0.002 28.01 9.60M
SF1 STEMIFY LTD 0.03 27.9 4.26M
ANW AUS TIN MINING LTD 0.003 27.7 4.73M
CXX CRADLE RESOURCES LTD 0.05 27.5 9.48M
LSH LIFESPOT HEALTH LTD 0.05 27.32 3.72M
CPH CRESO PHARMA LTD 0.31 27.07 46.98M
LHB LIONHUB GROUP LTD 0.004 26.84 3.31M
GXY GALAXY RESOURCES LTD 0.93 26.66 370.58M
AGY ARGOSY MINERALS LTD 0.07 26.54 68.04M
LVE LOVE GROUP GLOBAL LTD 0.07 26.07 2.84M
CGL CITADEL GROUP LTD/THE 3.48 26.07 166.65M
HFR HIGHFIELD RESOURCES LTD 0.58 25.78 191.12M
CAQ CAQ HOLDINGS LTD 0.01 25.74 6.46M
MXC MGC PHARMACEUTICALS LTD 0.03 25.65 47.83M
MWY MIDWAY LTD 2.39 25.51 208.73M
PGM PLATINA RESOURCES LTD 0.02 25.33 7.12M
MCM MC MINING LTD 0.51 25.28 72.55M
UNV UNIVERSAL COAL PLC 0.25 24.54 122.78M
SMR STANMORE COAL LTD 1.12 24.41 295.79M
BMG BMG RESOURCES LTD 0.005 22.33 2.30M
RCL READCLOUD LTD 0.34 22.26 32.80M
WEC WHITE ENERGY CO LTD 0.09 21.43 47.50M
GO2 GO2 PEOPLE LTD 0.02 21.01 2.48M
TGO TRIMANTIUM GROWTHOPS LTD 0.17 19.66 23.62M
BEL BENTLEY CAPITAL LTD 0.05 18.29 6.47M
IGN IGNITE LTD 0.03 18.04 2.42M
LRS LATIN RESOURCES LTD 0.007 14.89 1.09M
HRR HERON RESOURCES LTD 0.19 12.97 44.71M
8EC 8IP EMERGING COS LTD 0.08 7.1 29.33M