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 31:
Scroll or swipe to reveal table. Click headings to sort.
Code Name Price 2 Week RSI Market Cap ($) BRI BIG RIVER INDUSTRIES LTD 1.72 95.41 107.45M AUT AUTECO MINERALS LTD 0.02 88.99 21.05M MAG MAGMATIC RESOURCES LTD 0.34 88.91 53.64M EOL ENERGY ONE LTD 3.48 85.53 77.28M NVL NATIONAL VETERINARY CARE LTD 3.65 84.78 245.07M CIW CLIME INVESTMENT MANAGEMENT 0.68 83.36 38.13M CFE CAPE LAMBERT RESOURCES LTD 0.01 82.91 7.82M OKU OKLO RESOURCES LTD 0.25 81.16 103.20M SND SAUNDERS INTERNATIONAL LTD 0.53 80.51 55.50M HLA HEALTHIA LTD 1.29 80.42 81.31M CHZ CHESSER RESOURCES LTD 0.10 79.46 29.96M AXE ARCHER MATERIALS LTD 0.24 78.83 50.98M KME KIP MCGRATH EDUCATION CENTRE 1.52 78.41 68.98M NCL NETCCENTRIC LTD 0.02 77.26 5.25M TRS THE REJECT SHOP LTD 4.73 77.26 136.74M KOV KORVEST LTD 4.22 76.67 47.50M STN SATURN METALS LTD 0.47 76.54 34.40M EMR EMERALD RESOURCES NL 0.05 76.00 152.42M AXI AXIOM PROPERTIES LTD 0.05 75.88 22.50M PWG PRIMEWEST GROUP LTD 1.35 75.74 471.33M EGN ENGENCO LTD 0.67 75.67 209.97M SOM SOMNOMED LTD 3.23 74.82 202.86M IMM IMMUTEP LTD 0.35 74.8 137.07M 8IH 8I HOLDINGS LTD-CDI 0.10 72.94 34.79M WND WINDLAB LTD 0.94 72.22 64.12M CAJ CAPITOL HEALTH LTD 0.26 72.17 199.78M OEC ORBITAL CORP LTD 0.41 72.08 31.81M SP3 SPECTUR LTD 0.12 72.07 8.70M IMR IMRICOR MEDICAL SYSTEMS-CDI 1.50 72.00 139.07M ANR ANATARA LIFESCIENCES LTD 0.40 71.86 19.94M RUL RPMGLOBAL HOLDINGS LTD 1.10 71.84 239.75M AFR AFRICAN ENERGY RESOURCES-CDI 0.04 71.79 23.67M KZR KALAMAZOO RESOURCES LIMITED 0.66 71.78 80.76M SGO STREAM GROUP LTD 0.02 71.65 4.61M GSS GENETIC SIGNATURES LTD 1.21 71.41 172.21M KCN KINGSGATE CONSOLIDATED LTD 0.55 71.22 123.29M ZIP ZIPTEL LTD 0.02 70.82 3.22M BTC BTC HEALTH LTD 0.14 70.71 35.69M BCB BOWEN COKING COAL LTD 0.06 70.56 49.03M TSL TITANIUM SANDS LTD 0.03 70.2 20.24M AEI AERIS ENVIRONMENTAL LTD 0.37 70.08 79.13M
RPM Global Holdings (ASX:RUL)
The tech platform held its position in this week’s Hot Money list, after a strong January which saw the stock price increase by 27 per cent.
RPM provides digital software services for the mining sector, which assists companies to plan and manage capital-intensive mining projects.
Shares in the company largely treaded water in recent years until last July, when it began to demonstrate momentum in annual recurring revenue from software subscriptions. Following its January rally, RPM has now doubled since the middle of last year.
Running Cold
Here’s a summary of the stocks that were running cold for the two weeks ended Friday, January 31:
Scroll or swipe to reveal table. Click headings to sort.
Code Name Price ($) 2 Week RSI Market Cap VTI VISIONEERING TECH-CDI 0.04 29.95 18.17M FOD FOOD REVOLUTION GROUP LTD/TH 0.06 29.92 46.38M LVE LOVE GROUP GLOBAL LTD 0.04 29.28 1.62M SXY SENEX ENERGY LTD 0.30 29.05 436.82M HCH HOT CHILI LTD 0.03 29.05 49.96M PRZ PARAZERO LTD 0.04 29.03 4.58M ARU ARAFURA RESOURCES LTD 0.08 28.85 82.28M ATL APOLLO TOURISM & LEISURE LTD 0.36 28.60 67.01M NXE NEW ENERGY MINERALS LTD 0.01 28.51 1.33M HCD HYDROCARBON DYNAMICS LTD 0.05 28.30 15.23M PNC PIONEER CREDIT LTD 1.77 28.23 112.21M FLN FREELANCER LTD 0.48 28.05 217.32M MBK METAL BANK LTD 0.01 28.02 6.18M HT8 HARRIS TECHNOLOGY GROUP LTD 0.01 27.98 1.71M DCG DECMIL GROUP LTD 0.41 27.71 98.10M HXG HEXAGON ENERGY MATERIALS LTD 0.05 27.55 14.62M ST1 SPIRIT TELECOM LTD 0.19 27.37 63.10M POS POSEIDON NICKEL LTD 0.04 27.20 92.49M NTU NORTHERN MINERALS LTD 0.05 27.00 129.98M MEI METEORIC RESOURCES NL 0.03 26.45 28.04M ICN ICON ENERGY LIMITED 0.01 26.41 3.59M MWR MGM WIRELESS LTD 0.22 26.05 31.86M GSN GREAT SOUTHERN MINING LTD 0.05 25.93 16.99M TTT TITOMIC LTD 0.74 25.73 94.40M OAR OAKDALERESOURCES LTD 0.004 25.40 2.25M SWM SEVEN WEST MEDIA LTD 0.26 25.39 407.58M PXS PHARMAXIS LTD 0.12 25.10 45.39M ANA ANSILA ENERGY NL 0.01 25.10 6.61M PNR PANTORO LTD 0.10 25.08 115.24M KGN KOGAN.COM LTD 5.25 24.61 493.29M OKR OKAPI RESOURCES LTD 0.08 24.57 2.88M DEV DEVEX RESOURCES LTD 0.05 24.35 9.52M PCK PAINCHEK LTD 0.15 24.31 155.33M TNP TRIPLE ENERGY LTD 0.01 24.12 647.96k LHB LIONHUB GROUP LTD 0.003 23.84 2.48M ODM ODIN METALS LTD 0.06 23.70 9.99M AL8 ALDERAN RESOURCES LTD 0.02 23.58 3.42M FFL FOUNDERS FIRST LTD 0.35 22.39 43.26M TIA TIAN AN AUSTRALIA LTD 0.33 21.96 28.58M GAP GALE PACIFIC LTD 0.20 21.37 55.09M BWF BLACKWALL LTD 0.60 20.75 37.57M PAN PANORAMIC RESOURCES LTD 0.19 19.40 141.18M UUL ULTIMA UNITED LTD 0.02 17.83 469.21k SST STEAMSHIPS TRADING COMPANY 12.50 16.93 387.60M
Titomic (ASX:TTT)
The industrial 3D printing company had a disappointing second half of last year, falling from above $2.50 in May to its current level below 70c.
The company raised $7m in a July placement at $1.70 per share, and in November announced it had built the world’s largest additive manufactured titanium rocket.
But the company’s appearance this week on the Running cold list suggests that markets are now looking for evidence of contract wins and material revenue streams.