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

As Australian stocks head into a bear market amid the COVID-19 crisis, the number of stocks on the Running Hot list continued to dwindle.

Last week there were only 15, and this week there were just 10. (Usually there’s at least 40 stocks that register an RSI above 70).

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, March 6:

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

Code Name Price 2 Week RSI Market Cap ($)
NCL NETCCENTRIC LTD 0.03 82.34 7.61M
CWL CHANT WEST HOLDINGS LTD 0.1 77.19 13.32M
ICS ICSGLOBAL LTD 2.39 75.41 25.34M
CTE CRYOSITE LTD 0.07 73.1 3.28M
EHH EAGLE HEALTH HOLDINGS LTD 0.19 72.56 64.96M
AEI AERIS ENVIRONMENTAL LTD 0.7 72.28 149.70M
IHCB ISHARES CORE GL CORP 114.63 71.71 297.08M
TSL TITANIUM SANDS LTD 0.06 71.28 45.94M
R3D R3D GLOBAL LTD 0.05 70.41 2.26M
ZNO ZOONO GROUP LTD 2.29 70.23 373.99M

Running Cold

As with last week, we had to cull the number of stocks on the Running Cold list, which once again ran into the hundreds.

While the market selloff continues we’e only included companies with an RSI reading of 25 or below, rather than the usual reading of 30.

That left 60 stocks on this week’s list (up from 55 last week), with 41 new entrants compared to the week before.

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, March 6:

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

Code Name Price ($) 2 Week RSI Market Cap
1ST 1ST GROUP LTD 0.04 24.94 16.14M
CYG COVENTRY GROUP LTD 0.83 24.93 74.99M
CVN CARNARVON PETROLEUM LTD 0.25 24.88 383.27M
MOC MORTGAGE CHOICE LTD 0.96 24.87 120.00M
JAY JAYRIDE GROUP LTD 0.17 24.83 17.69M
PAK PACIFIC AMERICAN HOLDINGS LTD 0.02 24.69 3.57M
TNY TINYBEANS GROUP PTY LTD 1.12 24.62 49.82M
KAR KAROON ENERGY LTD 0.82 24.53 456.21M
MVF MONASH IVF GROUP LTD 0.88 24.26 208.67M
VHT VOLPARA HEALTH TECHNOLOGIES 1.35 24.19 294.95M
HRR HERON RESOURCES LTD 0.06 24.19 25.72M
IDA INDIANA RESOURCES LTD 0.02 24.12 3.67M
EVS ENVIROSUITE LTD 0.14 24.11 147.64M
PEX PEEL MINING LTD 0.15 24.1 36.55M
ATS AUSTRALIS OIL & GAS LTD 0.06 24.06 57.19M
CAQ CAQ HOLDINGS LTD 0.01 23.9 5.74M
MYR MYER HOLDINGS LTD 0.33 23.87 271.02M
RDV RUSSELL INVEST HIGH DIV AUST 27.28 23.76 266.84M
HWH HOUSTON WE HAVE LTD 0.02 23.7 5.16M
TPS THREAT PROTECT AUSTRALIA LTD 0.1 23.44 24.10M
RIC RIDLEY CORP LTD 0.85 23.24 264.57M
SFM SANTA FE MINERALS LTD 0.06 23.02 4.66M
EGG ENERO GROUP LTD 1.43 22.79 123.09M
DCC DIGITALX LTD 0.02 22.69 13.93M
EQE EQUUS MINING LTD 0.01 22.55 12.68M
PGX PRIMERO GROUP LTD 0.23 22.53 40.47M
TNP TRIPLE ENERGY LTD 0.01 22.47 575.97k
NTU NORTHERN MINERALS LTD 0.03 22.35 82.45M
FFR FIREFLY RESOURCES LTD 0.03 22.19 2.48M
TD1 TALI DIGITAL LTD 0.02 22.09 17.23M
VLT VAULT INTELLIGENCE LTD 0.16 22.04 19.84M
GAS STATE GAS LTD 0.5 21.75 72.38M
AMS ATOMOS LTD 0.72 21.72 134.43M
SWM SEVEN WEST MEDIA LTD 0.16 21.51 238.40M
A2B A2B AUSTRALIA LTD 1.18 21.48 142.11M
VEN VINTAGE ENERGY LTD 0.1 20.95 26.66M
TER TERRACOM LTD 0.19 20.93 114.79M
WGN WAGNERS HOLDING CO LTD 1.29 20.92 242.42M
MXR MAXIMUS RESOURCES LTD 0.03 20.65 1.39M
CDY CELLMID LTD 0.15 20.32 14.49M
ECS ECS BOTANICS HOLDINGS LTD 0.03 20.23 15.23M
AMA AMA GROUP LTD 0.51 19.86 376.73M
JXT JAXSTA LTD 0.05 19.62 13.08M
SST STEAMSHIPS TRADING COMPANY 12 19.52 372.10M
A1M AIC MINES LTD 0.23 18.77 11.96M
WGO WARREGO ENERGY LTD 0.14 18.68 95.73M
ODM ODIN METALS LTD 0.03 18.62 5.83M
ALG ARDENT LEISURE GROUP LTD 0.77 18.61 371.77M
SPZ SMART PARKING LTD 0.17 18.53 61.07M
ADJ ADSLOT LTD 0.02 18 35.04M
NET NETLINKZ LTD 0.05 17.38 92.50M
RVR RED RIVER RESOURCES LTD 0.06 17.13 33.04M
EMD EMERALD CLINICS 0.09 17.11 16.00M
VRS VERIS LTD 0.03 15.13 12.70M
EHE ESTIA HEALTH LTD 1.75 14.92 456.91M
TGA THORN GROUP LTD 0.11 13.71 35.46M
REG REGIS HEALTHCARE LTD 1.58 13.12 475.18M
BIR BIR FINANCIAL LTD 0.06 12.72 4.88M
MRG MURRAY RIVER ORGANICS GROUP 0.01 11.57 26.47M
HLO HELLOWORLD TRAVEL LTD 2.83 9.88 352.96M