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, February 7:

There were a total of 48 stocks with a 14-day RSI reading above 70. Of those, 27 were new entrants (stocks highlighted in yellow).

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

Code Name Price 2 Week RSI Market Cap ($)
BET BETMAKERS TECHNOLOGY GROUP 0.39 84.86 184.66M
DEG DE GREY MINING LTD 0.09 84.51 98.66M
EOL ENERGY ONE LTD 3.61 84.34 80.17M
RMY RMA GLOBAL LTD 0.55 83.55 229.90M
NCL NETCCENTRIC LTD 0.03 83.27 6.83M
CFE CAPE LAMBERT RESOURCES LTD 0.01 82.91 7.82M
NVL NATIONAL VETERINARY CARE LTD 3.66 81.54 245.74M
PTB PTB GROUP LTD 0.92 80.29 75.71M
TPP TEMPO AUSTRALIA LTD 0.08 79.05 23.49M
OEC ORBITAL CORP LTD 0.62 78.75 48.10M
KOV KORVEST LTD 4.45 77.88 50.09M
PRO PROPHECY INTERNATIONAL HLDGS 0.85 77.47 54.41M
CRM CARBON MINERALS LTD 0.23 76.64 4.32M
MAG MAGMATIC RESOURCES LTD 0.38 76.32 59.09M
MME MONEYME LTD 1.89 76.1 320.24M
AXI AXIOM PROPERTIES LTD 0.05 75.88 22.50M
TPW TEMPLE & WEBSTER GROUP LTD 3.98 75.63 451.42M
8IH 8I HOLDINGS LTD-CDI 0.14 75.46 50.73M
UCM USCOM LTD 0.24 75.1 35.88M
TSL TITANIUM SANDS LTD 0.04 74.64 29.59M
PBP PROBIOTEC LTD 2.4 74.35 179.47M
DGO DGO GOLD LTD 1.12 74.15 39.42M
OKU OKLO RESOURCES LTD 0.25 74.14 105.26M
KPO KALINA POWER LTD 0.04 73.99 31.95M
9SP 9 SPOKES INTERNATIONAL LTD 0.02 73.71 28.37M
KME KIP MCGRATH EDUCATION CENTRE 1.51 73.34 68.30M
CZI CASSINI RESOURCES LTD 0.11 73.23 47.05M
SOM SOMNOMED LTD 3.25 73.16 204.11M
BID BIDENERGY LTD 1.23 73.11 159.00M
AMX AEROMETREX LTD 2.33 72.51 219.95M
MFD MAYFIELD CHILDCARE LTD 1.1 72.36 35.02M
HHM HAMPTON HILL MINING NL 0.03 72.14 9.43M
XPL XPLORE WEALTH LTD 0.09 72.07 27.08M
MEM MEMPHASYS LTD 0.07 71.54 52.78M
AUT AUTECO MINERALS LTD 0.02 71.33 23.06M
BTH BIGTINCAN HOLDINGS LTD 0.99 71.32 305.38M
WND WINDLAB LTD 0.94 71.31 64.46M
AEI AERIS ENVIRONMENTAL LTD 0.41 71.19 86.61M
FSA FSA GROUP LTD 1.48 71.18 184.51M
CT1 CCP TECHNOLOGIES LTD 0.04 70.95 41.09M
PPE PEOPLE INFRASTRUCTURE LTD 3.84 70.86 281.95M
OPC OPTICOMM LTD 4.64 70.85 482.91M
ZIP ZIPTEL LTD 0.02 70.82 3.22M
IXC INVEX THERAPEUTICS LTD 1.2 70.76 66.00M
IMR IMRICOR MEDICAL SYSTEMS-CDI 1.54 70.64 142.73M
HLA HEALTHIA LTD 1.29 70.56 81.31M
BRI BIG RIVER INDUSTRIES LTD 1.6 70.25 99.95M

 

There was a new leader this week, as betting technology company Betmakers (ASX:BET) ran hot and jumped straight to the top of the table with an RSI reading of 84.86.

It followed two big gains on Tuesday and Thursday either side of a trading halt, as Betmakers announced its US subsidiary had signed an exclusive licensing agreement which will make it the “only approved official distributor of fixed odds horse racing content in New Jersey”.

READ MORE: Betmakers unveils a unique New Jersey horse racing deal; shares gallop 35pc

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, February 7:

There were a total of 49 stocks with a 14-day RSI reading below 30. Of those, 29 were new entrants (stocks highlighted in yellow).

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

Code Name Price ($) 2 Week RSI Market Cap
AMG AUSMEX MINING GROUP LTD 0.06 29.91 29.56M
AKP AUDIO PIXELS HOLDINGS LTD 13.9 29.57 393.39M
AU8 AUMAKE INTERNATIONAL LTD 0.08 29.54 27.59M
STG STRAKER TRANSLATIONS LTD 1.2 29.53 63.63M
FLC FLUENCE CORP LTD 0.36 29.38 224.95M
BYI BEYOND INTERNATIONAL LTD 0.7 29.32 42.94M
VMS VENTURE MINERALS LTD 0.01 29.23 11.30M
LCL LOS CERROS LTD 0.04 29.16 6.55M
FAR FAR LTD 0.04 29.11 349.26M
ZMI ZINC OF IRELAND NL 0.06 29.08 7.05M
GRB GAGE ROADS BREWING CO 0.07 29.03 80.33M
PRZ PARAZERO LTD 0.04 29.03 4.58M
KAS KASBAH RESOURCES LTD 0.01 28.98 1.35M
PXS PHARMAXIS LTD 0.12 28.46 45.39M
PNC PIONEER CREDIT LTD 1.76 28.24 111.58M
VOL VICTORY OFFICES LTD 1.63 28.12 66.87M
HT8 HARRIS TECHNOLOGY GROUP LTD 0.01 27.98 1.71M
PUA PURE ALUMINA LTD 0.01 27.88 2.22M
NTU NORTHERN MINERALS LTD 0.05 27.7 122.18M
PNR PANTORO LTD 0.1 27.51 116.42M
HWH HOUSTON WE HAVE LTD 0.03 27.49 7.99M
CHK COHIBA MINERALS LTD 0.01 26.67 5.98M
BIQ BUILDINGIQ INC-CDI 0.01 26.59 3.74M
BOL BOOM LOGISTICS LTD 0.12 26.49 51.33M
1ST 1ST GROUP LTD 0.06 26.25 24.20M
XF1 XREF LTD 0.25 25.72 45.40M
TNY TINYBEANS GROUP PTY LTD 1.67 25.63 64.52M
KGN KOGAN.COM LTD 5.05 25.51 474.49M
ATL APOLLO TOURISM & LEISURE LTD 0.32 25.27 59.57M
MEI METEORIC RESOURCES NL 0.02 25.22 24.68M
FTT FACTOR THERAPEUTICS LTD 0.003 24.35 2.09M
AL8 ALDERAN RESOURCES LTD 0.02 24.32 3.06M
MWR MGM WIRELESS LTD 0.2 24.05 28.32M
SVY STAVELY MINERALS LTD 0.68 24.02 145.38M
OAR OAKDALERESOURCES LTD 0.003 23.92 1.69M
ODM ODIN METALS LTD 0.06 23.7 9.99M
OKR OKAPI RESOURCES LTD 0.08 23.56 2.70M
ST1 SPIRIT TELECOM LTD 0.18 23.35 61.52M
GAP GALE PACIFIC LTD 0.19 23.2 53.70M
ZER ZETA RESOURCES LTD 0.24 23.05 68.96M
ICN ICON ENERGY LIMITED 0.005 22.94 2.99M
SST STEAMSHIPS TRADING COMPANY 12.68 22.4 393.18M
TIA TIAN AN AUSTRALIA LTD 0.33 21.96 28.58M
SFX SHEFFIELD RESOURCES LTD 0.2 21.71 61.79M
SE1 SENSERA LTD 0.02 20.83 6.44M
BWF BLACKWALL LTD 0.56 20.04 35.04M
BUB BUBS AUSTRALIA LTD 0.73 19.87 409.02M
LNG LIQUEFIED NATURAL GAS LTD 0.14 16.84 77.85M
PGC PARAGON CARE LTD 0.28 13.35 92.92M

 

Infant formula company Bubs Australia (ASX:BUBS) was one of the new entrants on this week’s list, cooling off with an RSI reading of 19.87.

The stock price fell after markets responded negatively to Bubs’ 4C trading update last Friday, where it said quarterly sales into the Chinese market fell by 32 per cent.

Shares fell from above 90c to close on Friday at 72c, leaving it with a market capitalisation of around $400m.