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 14:
There were a total of 45 stocks with a 14-day RSI reading above 70, down from 48 in the week prior. And of those 45, 28 companies 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 ($) RMY RMA GLOBAL LTD 0.66 89.7 275.88M DEG DE GREY MINING LTD 0.17 84.96 181.75M SPX SPECTRUM METALS LTD 0.14 82.7 193.97M SKY SKY METALS LTD 0.26 82.44 67.49M NCL NETCCENTRIC LTD 0.03 82.15 7.61M HIT HITECH GROUP AUSTRALIA LTD 1.61 81.17 61.26M NVL NATIONAL VETERINARY CARE LTD 3.67 80.79 246.81M FRI FINBAR GROUP LTD 0.94 80.37 255.80M SBW SHEKEL BRAINWEIGH LTD 0.18 79.98 25.02M WLD WELLARD LTD 0.07 78.77 39.31M ATX AMPLIA THERAPEUTICS LTD 0.1 78.31 6.98M TAM TANAMI GOLD NL 0.05 77.91 58.75M ERL EMPIRE RESOURCES LTD 0.01 77.51 10.85M MAU MAGNETIC RESOURCES NL 0.69 76.95 140.55M DGO DGO GOLD LTD 1.74 76.92 61.24M CRM CARBON MINERALS LTD 0.23 76.64 4.32M KOV KORVEST LTD 4.55 76.54 51.21M CXL CALIX LTD 0.93 76.27 137.05M TSL TITANIUM SANDS LTD 0.04 75.88 33.48M AXI AXIOM PROPERTIES LTD 0.05 75.88 22.50M SOM SOMNOMED LTD 3.3 75.68 207.25M CGL THE CITADEL GROUP LTD 5.51 74.82 271.68M EOL ENERGY ONE LTD 3.5 73.14 77.73M IMM IMMUTEP LTD 0.38 73.04 148.82M CAA CAPRAL LTD 0.14 72.65 67.81M ZEN ZENITH ENERGY LTD/AU 0.77 72.34 115.03M KZR KALAMAZOO RESOURCES LIMITED 0.74 72.29 90.28M AQI ALICANTO MINERALS LTD 0.07 72.29 15.18M BID BIDENERGY LTD 1.29 72.01 167.01M MFD MAYFIELD CHILDCARE LTD 1.12 71.98 35.49M COS COSOL LTD 0.33 71.67 42.08M TPW TEMPLE & WEBSTER GROUP LTD 4.03 71.62 457.09M ZGL ZICOM GROUP LTD 0.1 71.48 22.80M EGD EVANS & PARTNERS GLOBAL DISRUPTION 2.62 71.39 334.92M D2O DUXTON WATER LTD 1.52 71.25 185.21M AMX AEROMETREX LTD 2.41 71 227.50M QMS QMS MEDIA LTD 1.24 70.96 425.75M LTR LIONTOWN RESOURCES LTD 0.1 70.77 177.87M ZNO ZOONO GROUP LTD 1.41 70.53 231.09M OEC ORBITAL CORP LTD 0.62 70.49 48.10M NTO NITRO SOFTWARE LTD 1.82 70.44 343.85M BRI BIG RIVER INDUSTRIES LTD 1.62 70.28 100.89M MOC MORTGAGE CHOICE LTD 1.42 70.27 177.50M FHS FREEHILL MINING LTD 0.02 70.25 28.38M VUL VULCAN ENERGY RESOURCES LTD 0.25 70.05 12.37M
RMA Global (ASX:RMY)
The real estate technology company has been on a steady uptrend throughout February, and this week climbed to the top of the Hot Money list for the first time.
Shares in RMA have climbed from 3.8c to a high of 6.6c since January 31, when it reported strong sales momentum out of the US where more than 40,000 US real estate agents have now registered on the RateMyAgent.com platform.
Running Cold
Here’s a summary of the stocks that were running cold for the two weeks ended Friday, February 14:
Things were running extra-cool on the Cold Money list last week, with no less than 70 stocks which had a 14-day RSI reading below 30. That’s well up from the previous week’s total of 49. Of those 71 companies, 46 were new entrants on this week’s list (stocks highlighted in yellow).
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price ($) | 2 Week RSI | Market Cap |
---|---|---|---|---|
OEL | OTTO ENERGY LTD | 0.02 | 29.88 | 59.05M |
WGN | WAGNERS HOLDING CO LTD | 1.9 | 29.85 | 355.67M |
SEI | SPECIALITY METALS INTERNATIO | 0.04 | 29.84 | 38.42M |
OKR | OKAPI RESOURCES LTD | 0.08 | 29.77 | 2.74M |
PO3 | PURIFLOH LTD | 2.6 | 29.76 | 81.96M |
RMX | RED MOUNTAIN MINING LTD | 0.005 | 29.75 | 3.51M |
KYK | KYCKR LTD | 0.08 | 29.73 | 17.20M |
VAL | VALOR RESOURCES LTD | 0.002 | 29.68 | 2.88M |
SIS | SIMBLE SOLUTIONS LTD | 0.01 | 29.66 | 2.20M |
NTU | NORTHERN MINERALS LTD | 0.04 | 29.3 | 111.78M |
SRI | SIPA RESOURCES LTD | 0.06 | 29.3 | 8.68M |
ATS | AUSTRALIS OIL & GAS LTD | 0.07 | 29.1 | 66.06M |
LVE | LOVE GROUP GLOBAL LTD | 0.04 | 29.05 | 1.46M |
PRZ | PARAZERO LTD | 0.04 | 29.03 | 4.58M |
DYL | DEEP YELLOW LTD | 0.24 | 28.78 | 58.72M |
XTE | XTEK LTD | 0.51 | 28.72 | 27.38M |
SUH | SOUTHERN HEMISPHERE MINING | 0.01 | 28.62 | 1.42M |
GRB | GAGE ROADS BREWING CO | 0.07 | 28.53 | 78.04M |
APH | AUSTRALIAN PRIMARY HEMP LTD | 0.12 | 28.51 | 8.34M |
LCL | LOS CERROS LTD | 0.04 | 28.48 | 6.76M |
NET | NETLINKZ LTD | 0.07 | 28.46 | 135.05M |
OSP | OSPREY MEDICAL INC-CDI | 0.02 | 28.41 | 7.77M |
RHY | RHYTHM BIOSCIENCES LTD | 0.09 | 28.04 | 8.97M |
BYI | BEYOND INTERNATIONAL LTD | 0.68 | 27.91 | 41.71M |
AHF | AUSTRALIAN DAIRY NUTRITIONAL | 0.09 | 27.89 | 32.28M |
CVW | CLEARVIEW WEALTH LTD | 0.37 | 27.88 | 250.15M |
ABT | ABUNDANT PRODUCE LTD | 0.03 | 27.78 | 2.12M |
HGO | HILLGROVE RESOURCES LTD | 0.05 | 27.7 | 28.11M |
CHK | COHIBA MINERALS LTD | 0.01 | 27.69 | 5.32M |
KTD | KEYTONE DAIRY CORP LTD | 0.34 | 27.66 | 73.14M |
OVH | ONEVUE HOLDINGS LTD | 0.29 | 27.63 | 79.04M |
SPT | SPLITIT PAYMENTS LTD | 0.5 | 27.55 | 155.77M |
RXP | RXP SERVICES LTD | 0.44 | 27.54 | 71.69M |
AVG | AUSTRALIAN VINTAGE LTD | 0.47 | 27.47 | 130.53M |
CPT | CIPHERPOINT LTD | 0.06 | 27.28 | 2.51M |
BLG | BLUGLASS LTD | 0.06 | 27 | 27.23M |
BNO | BIONOMICS LTD | 0.06 | 26.85 | 32.68M |
KNM | KNEOMEDIA LTD | 0.02 | 26.3 | 12.15M |
PNC | PIONEER CREDIT LTD | 1.75 | 26.22 | 110.63M |
PXS | PHARMAXIS LTD | 0.11 | 26.17 | 43.42M |
FFR | FIREFLY RESOURCES LTD | 0.04 | 26.13 | 3.44M |
PAK | PACIFIC AMERICAN HOLDINGS LT | 0.02 | 25.96 | 4.11M |
SST | STEAMSHIPS TRADING COMPANY | 12.8 | 25.89 | 396.91M |
PGC | PARAGON CARE LTD | 0.27 | 25.87 | 91.23M |
TAO | TAO COMMODITIES LTD | 0.07 | 25.75 | 2.10M |
DTM | DART MINING NL | 0.06 | 25.59 | 3.83M |
VMS | VENTURE MINERALS LTD | 0.01 | 24.99 | 10.49M |
MWR | MGM WIRELESS LTD | 0.18 | 24.55 | 25.49M |
ARQ | ARQ GROUP LTD | 0.25 | 24.42 | 30.53M |
TNP | TRIPLE ENERGY LTD | 0.01 | 24.12 | 647.96k |
OAR | OAKDALERESOURCES LTD | 0.0025 | 23.92 | 1.69M |
AZM | AZUMAH RESOURCES LTD | 0.03 | 23.81 | 31.31M |
ODM | ODIN METALS LTD | 0.06 | 23.7 | 9.99M |
HZN | HORIZON OIL LTD | 0.08 | 23.61 | 105.46M |
GAP | GALE PACIFIC LTD | 0.19 | 23.39 | 50.95M |
TNY | TINYBEANS GROUP PTY LTD | 1.48 | 23.36 | 66.13M |
FUN | FUNTASTIC LTD | 0.01 | 23.11 | 3.58M |
ZER | ZETA RESOURCES LTD | 0.24 | 23.05 | 68.96M |
ICN | ICON ENERGY LIMITED | 0.005 | 22.94 | 2.99M |
LNG | LIQUEFIED NATURAL GAS LTD | 0.12 | 21.2 | 66.32M |
BLY | BOART LONGYEAR LTD | 1.2 | 21.12 | 105.19M |
SE1 | SENSERA LTD | 0.01 | 20.41 | 4.35M |
BUB | BUBS AUSTRALIA LTD | 0.69 | 19.47 | 389.41M |
PRX | PRODIGY GOLD NL | 0.05 | 18.11 | 27.87M |
TIP | TEAMINVEST PRIVATE GROUP LTD | 0.6 | 17.58 | 66.74M |
BWF | BLACKWALL LTD | 0.51 | 17.37 | 32.20M |
UUL | ULTIMA UNITED LTD | 0.02 | 17.24 | 469.21k |
MPH | MEDILAND PHARM LTD | 0.18 | 17.01 | 56.30M |
CD2 | CORDISH DIXON PRIVATE EQUITY | 1.53 | 16.52 | 84.72M |
TIA | TIAN AN AUSTRALIA LTD | 0.28 | 15.79 | 24.25M |
It’s not the first time Splitit has appeared on the Running Cold list, but its appearance is notable given the company operates in the buy now, pay later sector — one of the hottest fintech trends over the last 12-24 months.
Splitit listed in January 2019 at 20c and turned heads when it raced to an all-time high of $2. But the stock has struggled for traction since releasing its Q4 trading update on January 31, which highlighted revenues of $US433,000 ($644,358), down 7 per cent on the previous quarter.