Hot Money Monday: The most in-demand stocks on the ASX right now
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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:
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 |
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 |