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 21:

There were a total of 47 stocks with a 14-day RSI reading above 70, up from 45 in the week prior. Of those 47, 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 ($)
FHS FREEHILL MINING LTD 0.04 88.99 52.98M
EAS EASTON INVESTMENTS LTD 1.15 85.65 39.75M
AGD AUSTRAL GOLD LTD 0.16 84.91 89.50M
CRM CARBON MINERALS LTD 0.3 83.53 5.64M
LTR LIONTOWN RESOURCES LTD 0.14 82.72 245.63M
NVL NATIONAL VETERINARY CARE LTD 3.68 82.57 247.48M
NCL NETCCENTRIC LTD 0.03 82.35 7.61M
CWL CHANT WEST HOLDINGS LTD 0.1 81.8 12.39M
MTC METALSTECH LTD 0.08 80.88 8.89M
KPO KALINA POWER LTD 0.05 80.43 40.14M
CAJ CAPITOL HEALTH LTD 0.29 80.04 226.68M
SBW SHEKEL BRAINWEIGH LTD 0.18 79.98 25.02M
SFC SCHAFFER CORP LTD 17.3 79.76 236.55M
FRI FINBAR GROUP LTD 0.98 79.59 266.68M
ZGL ZICOM GROUP LTD 0.12 79.59 26.06M
KIN KIN MINING NL 0.06 78.29 37.12M
HIT HITECH GROUP AUSTRALIA LTD 1.67 78.27 63.54M
STN SATURN METALS LTD 0.56 77.9 40.62M
AQI ALICANTO MINERALS LTD 0.09 77.75 18.70M
OVN OVENTUS MEDICAL LTD 0.67 77.7 87.45M
RMY RMA GLOBAL LTD 0.65 77.62 271.70M
ABA AUSWIDE BANK LTD 6.62 77.07 279.25M
GUL GULLEWA LTD 0.04 75.76 6.20M
AEI AERIS ENVIRONMENTAL LTD 0.6 75.59 127.24M
SOM SOMNOMED LTD 3.44 75.15 216.05M
PSQ PACIFIC SMILES GROUP LTD 2.05 75.08 311.59M
NOR NORWOOD SYSTEMS LTD 0.06 75.06 14.85M
SM8 SMART MARINE SYSTEMS LTD 0.1 75.04 33.51M
DGO DGO GOLD LTD 1.79 75.02 63.00M
LSA LACHLAN STAR LTD 0.01 74.84 7.54M
SDI SDI LTD 1.00 73.6 118.87M
COS COSOL LTD 0.34 73.34 43.99M
TAM TANAMI GOLD NL 0.05 73.07 61.11M
SPX SPECTRUM METALS LTD 0.14 72.58 196.77M
VMC VENUS METALS CORP LTD 0.23 72.55 34.75M
FFI F.F.I. HOLDINGS LTD 5.2 72.11 55.95M
DXB DIMERIX LTD 0.17 71.91 30.86M
WQG WCM GLOBAL GROWTH LTD 1.31 71.36 227.95M
EHH EAGLE HEALTH HOLDINGS LTD 0.16 71.33 54.42M
RDF REDFLEX HOLDINGS LTD 0.65 71.05 98.18M
QMS QMS MEDIA LTD 1.24 70.96 432.22M
BYE BYRON ENERGY LTD 0.35 70.77 283.82M
AUT AUTECO MINERALS LTD 0.03 70.5 34.58M
ZNO ZOONO GROUP LTD 1.82 70.16 297.23M
AVZ AVZ MINERALS LTD 0.09 70.09 202.94M
VUL VULCAN ENERGY RESOURCES LTD 0.25 70.05 12.37M
CAI CALIDUS RESOURCES LTD 0.3 70 64.41M

There was a new leader this week, as Freehill Mining (ASX:FHS) took top spot after rising sharply on the back of a drilling update at its fully-owned Yerbas Buenas magnetite project in Chile.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, February 21:

There were a total of 52 stocks with a 14-day RSI reading below, down from 70 in the week prior. And of those 52, 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
CPH CRESO PHARMA LTD 0.11 29.95 22.86M
AJX ALEXIUM INTERNATIONAL GROUP 0.06 29.9 35.53M
PAB PATRYS LTD 0.02 29.89 17.16M
AU8 AUMAKE INTERNATIONAL LTD 0.08 29.82 25.60M
DTM DART MINING NL 0.07 29.74 3.89M
SIS SIMBLE SOLUTIONS LTD 0.01 29.48 2.03M
CLT CELLNET GROUP LTD 0.13 29.29 8.14M
IXU IXUP LTD 0.05 29.22 11.35M
TRT TODD RIVER RESOURCES LTD 0.02 29.16 4.44M
RLE REAL ENERGY CORP LTD 0.02 29.05 6.71M
SPT SPLITIT PAYMENTS LTD 0.49 28.91 152.65M
FE8 FASTER ENTERPRISES LTD 0.01 28.82 887.08k
AMS ATOMOS LTD 1.11 28.82 206.31M
STG STRAKER TRANSLATIONS LTD 1.12 28.81 59.47M
KTD KEYTONE DAIRY CORP LTD 0.33 28.63 70.99M
MXC MGC PHARMACEUTICALS LTD 0.03 28.58 37.02M
GTR GTI RESOURCES LTD 0.01 28.57 2.79M
CL1 CLASS LTD 1.78 28.49 219.12M
GED GOLDEN DEEPS LTD 0.02 28.41 5.05M
AMT ALLEGRA ORTHOPAEDICS LTD 0.11 28.35 10.95M
BYI BEYOND INTERNATIONAL LTD 0.68 27.91 41.71M
WGN WAGNERS HOLDING CO LTD 1.82 27.84 340.70M
CD2 CORDISH DIXON PRIVATE EQUITY 1.56 27.72 86.10M
CPT CIPHERPOINT LTD 0.06 27.67 2.47M
MMJ MMJ GROUP HOLDINGS LTD 0.1 27.08 23.56M
HZN HORIZON OIL LTD 0.08 26.98 105.46M
TKL TRAKA RESOURCES LTD 0.005 26.7 2.00M
SRI SIPA RESOURCES LTD 0.05 26.42 7.83M
ZER ZETA RESOURCES LTD 0.23 26.28 67.52M
NET NETLINKZ LTD 0.07 26.28 132.69M
PAK PACIFIC AMERICAN HOLDINGS LT 0.02 25.96 4.11M
MYR MYER HOLDINGS LTD 0.38 25.91 312.09M
SST STEAMSHIPS TRADING COMPANY 12.8 25.85 396.91M
FFR FIREFLY RESOURCES LTD 0.04 24.95 3.36M
3PL 3P LEARNING LTD 0.7 24.44 97.64M
SIV SIV CAPITAL LTD 0.57 24.22 22.38M
SFX SHEFFIELD RESOURCES LTD 0.13 24.14 40.16M
TNP TRIPLE ENERGY LTD 0.01 24.12 647.96k
SFM SANTA FE MINERALS LTD 0.06 23.02 4.66M
MWR MGM WIRELESS LTD 0.17 22.28 24.07M
AAJ ARUMA RESOURCES LTD 0 21.94 1.42M
BLY BOART LONGYEAR LTD 1.09 21.8 95.55M
ARQ ARQ GROUP LTD 0.23 21.67 28.09M
SWM SEVEN WEST MEDIA LTD 0.19 21.39 284.54M
ODM ODIN METALS LTD 0.05 21.33 8.45M
DYL DEEP YELLOW LTD 0.2 21.09 50.16M
FLN FREELANCER LTD 0.41 20.75 185.63M
BWF BLACKWALL LTD 0.5 20.69 31.57M
OTW OVER THE WIRE HOLDINGS LTD 3.2 18.87 165.25M
SE1 SENSERA LTD 0.01 17.79 2.90M
CD3 CORDISH DIXON PRIVATE EQUITY 1.16 16.73 83.55M
UUL ULTIMA UNITED LTD 0.02 13.23 469.21k

Falling onto the Running Cold list was department store chain Myer (ASX:MYR), which hasn’t posted an intra-day gain since February 4.

After being mired in a quagmire for years amid the the structural challenges facing Australia’s retail industry, the company faired well for most of 2019 as the market approved of new CEO John King’s turnaround strategy.

But momentum came to a halt in September, and Myer — which was listed in 2009 with a market cap of $4.2bn — is now valued at just $311m.