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.

 

Running Hot

The almost unprecedented level of market carnage over the past five days has had a marked effect on the composition of this week’s list.

Usually there’s at least 40 stocks that register an RSI above 70. This week, there were only 15. In addition, all 47 stocks in last week’s Running Hot list crashed out; each of the 15 companies that made the cut were new entrants.

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, February 28:

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

Code Name Price 2 Week RSI Market Cap ($)
CWL CHANT WEST HOLDINGS LTD 0.1 84.24 12.68M
NCL NETCCENTRIC LTD 0.03 82.35 7.61M
DGO DGO GOLD LTD 2.06 80.59 72.53M
ZGL ZICOM GROUP LTD 0.12 79.59 26.06M
CRM CARBON MINERALS LTD 0.28 76.05 5.26M
PTL PENTAL LTD 0.4 75.24 54.50M
AUT AUTECO MINERALS LTD 0.04 74.59 44.96M
KRR KING RIVER RESOURCES LTD 0.04 74.29 47.45M
MDI MIDDLE ISLAND RESOURCES LTD 0.01 74.01 19.42M
SBW SHEKEL BRAINWEIGH LTD 0.18 73.73 25.02M
AQI ALICANTO MINERALS LTD 0.09 72.69 23.31M
NVL NATIONAL VETERINARY CARE LTD 3.67 71.81 246.81M
AME ALTO METALS LTD 0.06 71.76 17.60M
R3D R3D GLOBAL LTD 0.05 70.41 2.26M
BRI BIG RIVER INDUSTRIES LTD 1.65 70.31 103.07M

Running Cold

Equally so, the fallout from the COVID-19 calamity was also felt at the “cold” end of town, except in the opposite direction. Where there’s usually upwards of 60 stocks on the Running Cold list, this week the figure rose to 200!

As a result, we tightened the rules a bit; only stocks with an RSI reading of 25 or below (rather than 30) made the cut, which reduced the number of stocks to 55. Of those, 39 companies were new entrants.

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, February 28:

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

Code Name Price ($) 2 Week RSI Market Cap
KAR KAROON ENERGY LTD 0.88 24.96 486.63M
VOL VICTORY OFFICES LTD 1.5 24.95 61.35M
CPH CRESO PHARMA LTD 0.09 24.88 19.74M
TNY TINYBEANS GROUP PTY LTD 1.25 24.87 55.85M
SIO SIMONDS GROUP LTD 0.34 24.82 49.63M
CG1 CARBONXT GROUP LTD 0.34 24.71 36.37M
GGG GREENLAND MINERALS LTD 0.1 24.71 115.53M
AU8 AUMAKE INTERNATIONAL LTD 0.07 24.39 23.27M
KME KIP MCGRATH EDUCATION CENTRE 1.02 24.37 46.14M
CPV CLEARVUE TECHNOLOGIES LTD 0.13 24.26 13.89M
STG STRAKER TRANSLATIONS LTD 0.99 24.04 52.57M
BEL BENTLEY CAPITAL LTD 0.03 24.04 2.06M
ALG ARDENT LEISURE GROUP LTD 0.99 23.98 474.91M
PGC PARAGON CARE LTD 0.22 23.81 72.65M
AEE AURA ENERGY LTD 0.005 23.61 6.36M
PPS PRAEMIUM LTD 0.38 23.4 155.18M
SEC SPHERIA EMERGING CO LTD 1.62 23.25 107.47M
ATS AUSTRALIS OIL & GAS LTD 0.06 23.24 58.17M
CL1 CLASS LTD 1.6 23.07 196.41M
VHT VOLPARA HEALTH TECHNOLOGIES 1.47 23.06 319.84M
SFM SANTA FE MINERALS LTD 0.06 23.02 4.66M
ODM ODIN METALS LTD 0.05 22.76 8.84M
MOC MORTGAGE CHOICE LTD 1 22.74 125.00M
SPZ SMART PARKING LTD 0.19 22.6 66.45M
GOW GOWING BROS LIMITED 2.12 22.54 114.13M
CDM CADENCE CAPITAL LTD 0.68 22.47 216.20M
FAR FAR LTD 0.03 22.29 249.47M
NEU NEUREN PHARMACEUTICALS LTD 2.12 22.28 218.72M
NET NETLINKZ LTD 0.06 22.28 116.61M
SE1 SENSERA LTD 0.01 22.2 2.90M
TNP TRIPLE ENERGY LTD 0.01 22.12 575.97k
OVH ONEVUE HOLDINGS LTD 0.26 22.11 71.00M
RVR RED RIVER RESOURCES LTD 0.08 21.9 39.23M
CVN CARNARVON PETROLEUM LTD 0.26 21.76 414.56M
WEL WINCHESTER ENERGY LTD 0.03 21.59 21.32M
RXP RXP SERVICES LTD 0.39 21.42 62.83M
SOP SYNERTEC CORP LTD 0.02 21.11 5.30M
BWF BLACKWALL LTD 0.5 20.69 31.57M
AMA AMA GROUP LTD 0.58 20.55 427.93M
OCC ORTHOCELL LTD 0.37 20.39 67.42M
SPT SPLITIT PAYMENTS LTD 0.42 19.95 130.84M
RIC RIDLEY CORP LTD 0.9 19.79 280.13M
HE8 HELIOS ENERGY LTD 0.13 19.3 200.20M
CAY CANYON RESOURCES LTD 0.12 19.3 59.90M
IGL IVE GROUP LTD 1.86 18.94 275.67M
TER TERRACOM LTD 0.2 18.28 100.34M
WGN WAGNERS HOLDING CO LTD 1.44 18.07 269.56M
HLO HELLOWORLD TRAVEL LTD 3.52 17 439.02M
GED GOLDEN DEEPS LTD 0.01 16.86 2.81M
ARQ ARQ GROUP LTD 0.16 16.81 19.54M
DYL DEEP YELLOW LTD 0.19 16.62 46.49M
TOP THORNEY OPPORTUNITIES LTD 0.57 15.84 117.08M
PMC PLATINUM CAPITAL LTD 1.34 13.28 388.05M
PGX PRIMERO GROUP LTD 0.25 13.28 43.05M
UUL ULTIMA UNITED LTD 0.02 13.23 469.21k