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

Here’s this week’s list:

 

Running Hot

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, January 17:

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

Code Name Price 2 Week RSI Market Cap
BRI BIG RIVER INDUSTRIES LTD 1.51 90.5 94.33M
NVL NATIONAL VETERINARY CARE LTD 3.66 88.21 245.74M
BFG BELL FINANCIAL GROUP LTD 1.42 83.78 455.46M
SND SAUNDERS INTERNATIONAL LTD 0.4 83.7 41.37M
ADD ADAVALE RESOURCES LTD 0.05 81.32 7.96M
TPW TEMPLE & WEBSTER GROUP LTD 3.23 80.77 366.36M
ADA ADACEL TECHNOLOGIES LTD 0.81 80.53 61.76M
PSC PROSPECT RESOURCES LTD 0.26 80.34 65.08M
KZR KALAMAZOO RESOURCES LIMITED 0.53 79.34 54.03M
ED1 EVANS DIXON LTD 1.13 78.76 264.59M
GDG GENERATION DEVELOPMENT GROUP 0.8 78.24 100.41M
RDY READYTECH HOLDINGS LTD 2.06 77.96 164.81M
MEL METGASCO LTD 0.05 77.66 21.09M
MMI METRO MINING LTD 0.17 76.67 229.17M
WZR WISR LTD 0.23 76.62 194.24M
VLS VITA LIFE SCIENCES LTD 0.8 76.22 44.47M
CAN CANN GROUP LTD 1.25 76.07 178.03M
EGD EVANS & PARTNERS GLOBAL DISR 2.42 75.92 309.35M
AMX AEROMETREX LTD 1.91 75.7 180.30M
MYS MYSTATE LTD 5.31 74.92 485.74M
OLI OLIVER'S REAL FOOD LTD 0.09 74.68 22.06M
SDV SCIDEV LTD 0.86 74.64 110.74M
KCN KINGSGATE CONSOLIDATED LTD 0.47 73.96 107.46M
ANR ANATARA LIFESCIENCES LTD 0.29 73.88 14.71M
EHX EHR RESOURCES LTD 0.09 73.63 11.78M
WIC WESTOZ INVESTMENT CO LTD 1.15 73.56 154.33M
MCX MARINER CORP LTD 0.06 73.37 3.12M
AXE ARCHER MATERIALS LTD 0.19 73.32 41.42M
SHJ SHINE CORPORATE LTD 1.02 73.32 176.73M
AV1 ADVERITAS LTD 0.23 73.03 47.24M
CUE CUE ENERGY RESOURCES LTD 0.16 72.86 109.95M
ENE ENEVIS LTD 0.2 72.56 13.32M
ADO ANTEOTECH LTD 0.03 72.42 49.31M
TNT TESSERENT LTD 0.07 72.35 26.56M
EOL ENERGY ONE LTD 2.87 72.21 63.73M
MDR MEDADVISOR LTD 0.46 72.18 111.90M
CEL CHALLENGER EXPLORATION LTD 0.14 71.98 68.18M
CYM CYPRIUM METALS LTD 0.27 71.26 15.14M
CLA CELSIUS RESOURCES LTD 0.02 70.83 12.87M
PPE PEOPLE INFRASTRUCTURE LTD 3.55 70.8 260.65M
WEC WHITE ENERGY CO LTD 0.09 70.36 46.47M
EMR EMERALD RESOURCES NL 0.05 70.11 137.18M
HIL HILLS LTD 0.4 70.08 91.63M
SM8 SMART MARINE SYSTEMS LTD 0.07 70.06 23.43M
CI1 CREDIT INTELLIGENCE LTD 0.02 70.03 20.34M

Heating up this week was junior gold explorer Kalamazoo Resources (ASX:KZR), which shot higher on Wednesday after getting key backing from some big name mining investors.

The cornerstone investment was made by Toronto-listed Novo Resources along with Canadian billionaire Eric Sprott (who’s also a Novo director).

The company will deploy the funds to further exploration in Victoria, after it hit some huge gold grades at its Castlemaine project.

Also moving up the Hot Money ranks was fintech stock Wisr (ASX:WZR), the consumer finance platform which has made an auspicious start to 2020.

After tracking just below 15c through the second half of 2019, the stock shot above 20c just after new year, prompting a query from the ASX. Wisr attributed the move to a favourable outlook from fund manager Eley Griffiths, after one of its analysts highlighted Wisr as his top stock pick for 2020.

And speaking of fund managers, embattled investment firm Evans Dixon (ASX:ED1) also showed up on this week’s Hot Money list after finding a bit of momentum to start the year.

Despite lingering problems with its US property fund, the stock has climbed to around $1.10 from its August low of around 60c , but remains well of its 12-month high above $1.70.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, January 17:

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

Code Name Price 2 Week RSI Market Cap
HXG HEXAGON ENERGY MATERIALS LTD 0.05 29.57 16.08M
KAS KASBAH RESOURCES LTD 0.01 29.09 1.90M
KPT KANGAROO ISLAND PLANTATION T 1.96 29.09 110.59M
TGH TERRAGEN HOLDINGS LTD 0.17 28.67 30.83M
AMO AMBERTECH LTD 0.08 28.14 6.35M
HT8 HARRIS TECHNOLOGY GROUP LTD 0.01 27.98 1.71M
BWF BLACKWALL LTD 0.69 27.55 43.57M
MXR MAXIMUS RESOURCES LTD 0.05 27.34 1.60M
PRT PRIME MEDIA GROUP LTD 0.16 27.3 58.61M
SIS SIMBLE SOLUTIONS LTD 0.02 27.22 3.22M
BOE BOSS RESOURCES LTD 0.05 27.07 71.43M
ATC ALTECH CHEMICAL LTD 0.09 27.04 72.85M
PNC PIONEER CREDIT LTD 1.78 26.76 112.85M
SRI SIPA RESOURCES LTD 0.07 26.04 9.96M
REY REY RESOURCES LTD 0.23 25.9 48.80M
OKR OKAPI RESOURCES LTD 0.1 24.81 3.57M
8VI 8VIC HOLDINGS LTD 0.19 24.64 7.91M
RHY RHYTHM BIOSCIENCES LTD 0.1 24.56 10.58M
LHB LIONHUB GROUP LTD 0.003 23.94 2.48M
EXR ELIXIR ENERGY LTD 0.02 23.47 9.02M
MNC METMINCO LTD 0.05 21.86 9.07M
MOZ MOSAIC BRANDS LTD 1.75 20.97 169.42M
PXX POLARX LTD 0.03 19.92 12.90M
UUL ULTIMA UNITED LTD 0.02 19.69 469.21k
BIR BIR FINANCIAL LTD 0.08 18.72 6.50M
BYI BEYOND INTERNATIONAL LTD 0.75 18.43 46.00M
TIA TIAN AN AUSTRALIA LTD 0.33 17.7 28.58M
SST STEAMSHIPS TRADING COMPANY 12.5 17.44 387.60M
TNP TRIPLE ENERGY LTD 0.01 17.29 575.97k

Among the new entrants on this week’s list was Mosaic Brands (ASX:MOZ), the retail company formerly known as Noni B.

Negative trading updates from stocks connected to Australia’s struggling retail sector are nothing new at this point. But Mosaic said its disappointing sales numbers over November and December were also affected by the ongoing bushfire crisis, with around one fifth of its stores directly impacted.

Looking at the Running Cold list more broadly, the number of pot stocks that populated the list in the second half of last year has started to dwindle — perhaps evidence that 2019’s cannabis bear market has begun to turn.