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

Amid the unprecedented events of the last three weeks, it’s perhaps not surprising that the RSI has been turned on its head.

Two weeks ago there were just 15 stocks with an RSI reading above 70; last week that number fell to 10. And this week, when Stockhead’s data team ran the numbers at the conclusion of Friday trade, just two companies made the cut.

So as we’ve done over the last fortnight for the Running Cold list (which conversely has surged to all-time highs), this week’s edition of HMM required a small tweak.

Instead of an RSI above 70, we’ve included all stocks with an RSI reading above 60, bringing the count to 11:

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, March 13:

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

Code Name Price 2 Week RSI Market Cap ($)
R3D R3D GLOBAL LTD 0.05 81.49 2.59M
MAR MALACHITE RESOURCES LTD 0.001 74.62 2.78M
ZEN ZENITH ENERGY LTD/AU 0.95 73.4 142.66M
CTE CRYOSITE LTD 0.07 73.1 3.28M
ARO ASTRO RESOURCES NL 0.002 72.82 6.36M
SKN SKIN ELEMENTS LTD 0.02 69.58 5.18M
CRM CARBON MINERALS LTD 0.25 67.82 4.79M
MCX MARINER CORP LTD 0.06 66.83 3.12M
CWL CHANT WEST HOLDINGS LTD 0.1 64.11 12.56M
AGD AUSTRAL GOLD LTD 0.17 64.1 92.30M
AME ALTO METALS LTD 0.05 63.36 16.14M
ZUSD ETFS ENHANCED USD CASH ETF 11.74 62.15 9.05M
COS COSOL LTD 0.34 61.89 43.35M
N1H N1 HOLDINGS LTD 0.08 61.57 6.77M
NZC NZURI COPPER LTD 0.37 61.51 108.01M
MHI MERCHANT HOUSE INTL LTD 0.12 61.21 11.31M
SGO STREAM GROUP LTD 0.02 60.96 4.61M
DAU DAMPIER GOLD LTD 0.03 60.74 6.43M
FHS FREEHILL MINING LTD 0.03 60.54 45.87M
CI1 CREDIT INTELLIGENCE LTD 0.03 60.28 31.81M

Running Cold

On the back of last week’s market capitulation, the number of ASX small caps with an RSI reading below 30 now numbers an (impressive) 501 stocks.

To provide a manageable summary of the worst-hit stocks, we’ve compiled a list of all companies with an RSI reading below 20. (Hint: Get ready to scroll — there are still 99 stocks on the list).

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, March 13:

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

Code Name Price ($) 2 Week RSI Market Cap
TBL TAMBLA LTD 0.25 19.95 4.95M
VOL VICTORY OFFICES LTD 1.1 19.93 44.99M
JDR JADAR RESOURCES LTD 0.01 19.86 3.67M
EBG EUMUNDI GROUP LTD 0.86 19.8 34.90M
MOZ MOSAIC BRANDS LTD 0.8 19.75 77.45M
OFX OFX GROUP LTD 1.01 19.74 251.22M
WHK WHITEHAWK LTD 0.03 19.73 5.41M
EHL EMECO HOLDINGS LTD 1 19.67 368.55M
TON TRITON MINERALS LTD 0.02 19.6 22.69M
MNY MONEY3 CORP LTD 1.82 19.58 336.85M
SST STEAMSHIPS TRADING COMPANY 12 19.55 372.10M
ATS AUSTRALIS OIL & GAS LTD 0.03 19.54 24.65M
ORR ORECORP LTD 0.3 19.5 81.29M
DXN DXN LTD 0.03 19.43 13.67M
PCG PENGANA CAPITAL GROUP LTD 1.1 19.3 113.43M
GRB GAGE ROADS BREWING CO 0.05 19.26 59.31M
GOW GOWING BROS LIMITED 1.8 19.25 96.84M
TNY TINYBEANS GROUP PTY LTD 0.83 19.25 37.09M
FXL FLEXIGROUP LTD 1.05 19.04 414.11M
DEV DEVEX RESOURCES LTD 0.03 19.03 5.71M
FBR FBR LTD 0.02 18.97 38.80M
MYR MYER HOLDINGS LTD 0.23 18.95 188.89M
TIE TIETTO MINERALS LTD 0.15 18.93 53.27M
IGL IVE GROUP LTD 1.21 18.84 179.33M
GSW GETSWIFT LTD 0.3 18.79 56.56M
A1M AIC MINES LTD 0.23 18.77 11.96M
PGL PROSPA GROUP LTD 0.94 18.74 152.48M
BDC BARDOC GOLD LTD 0.05 18.74 66.99M
CVN CARNARVON PETROLEUM LTD 0.15 18.63 234.66M
ROG RED SKY ENERGY LTD 0 18.62 1.63M
AMS ATOMOS LTD 0.48 18.6 89.62M
MNF MNF GROUP LTD 3.2 18.59 269.59M
VRT VIRTUS HEALTH LTD 3.09 18.54 248.40M
CAY CANYON RESOURCES LTD 0.08 18.53 39.93M
SO4 SALT LAKE POTASH LTD 0.42 18.41 121.92M
HCH HOT CHILI LTD 0.01 18.37 25.91M
BMN BANNERMAN RESOURCES LTD 0.02 18.36 24.35M
REG REGIS HEALTHCARE LTD 1.17 18.34 353.38M
E2E EON NRG LTD 0 18.3 769.89k
KSL KINA SECURITIES LTD 0.96 18.28 168.63M
FWD FLEETWOOD CORP LTD 1.24 18.28 116.84M
SPQ SUPERIOR RESOURCES LTD 0 18 2.24M
BKT BLACK ROCK MINING LTD 0.03 17.96 16.98M
ERX EXORE RESOURCES LTD 0.04 17.92 22.80M
MZZ MATADOR MINING LIMITED 0.12 17.9 13.94M
RXP RXP SERVICES LTD 0.26 17.86 42.69M
MYS MYSTATE LTD 4.14 17.85 378.71M
MOE MOELIS AUSTRALIA LTD 3.09 17.77 456.21M
MRM MMA OFFSHORE LTD 0.09 17.63 80.54M
YOJ YOJEE LTD 0.02 17.57 18.68M
VVA VIVA LEISURE LTD 1.44 17.43 86.61M
NET NETLINKZ LTD 0.05 17.38 92.50M
JHC JAPARA HEALTHCARE LTD 0.51 17.24 136.30M
VRS VERIS LTD 0.03 17.23 10.46M
RNO RHINOMED LTD 0.1 17.17 16.92M
DCC DIGITALX LTD 0.01 17.05 8.48M
CG1 CARBONXT GROUP LTD 0.23 16.93 24.60M
GRR GRANGE RESOURCES LTD 0.17 16.77 202.53M
ADJ ADSLOT LTD 0.01 16.74 20.28M
SPZ SMART PARKING LTD 0.14 16.59 52.09M
RVR RED RIVER RESOURCES LTD 0.05 16.5 27.88M
DWS DWS LTD 0.73 16.47 95.58M
MXC MGC PHARMACEUTICALS LTD 0.02 16.4 22.44M
MVF MONASH IVF GROUP LTD 0.69 15.78 161.51M
HFR HIGHFIELD RESOURCES LTD 0.34 15.56 113.69M
CGL CITADEL GROUP LTD/THE 2.15 15.55 121.91M
REE RAREX LTD 0.01 15.41 4.37M
MOC MORTGAGE CHOICE LTD 0.75 15.29 93.75M
ATU ATRUM COAL LTD 0.15 15.27 71.72M
CAG CAPE RANGE LTD 0.28 15.2 23.01M
EMD EMERALD CLINICS 0.06 15.17 11.95M
EOF ECOFIBRE LTD 1.46 14.74 459.84M
FRM FARM PRIDE FOODS LTD 0.16 14.5 8.83M
EHE ESTIA HEALTH LTD 1.42 14.49 372.05M
AMA AMA GROUP LTD 0.35 14.45 256.03M
NTO NITRO SOFTWARE LTD 0.95 14.4 180.43M
OIL OPTISCAN IMAGING LTD 0.01 14.3 7.17M
AQZ ALLIANCE AVIATION SERVICES 1.65 14.23 210.33M
AU8 AUMAKE INTERNATIONAL LTD 0.04 14.07 13.30M
MRG MURRAY RIVER ORGANICS GROUP 0.01 14.06 22.06M
KAR KAROON ENERGY LTD 0.39 13.88 215.66M
BLY BOART LONGYEAR LTD 0.52 13.84 45.63M
WGN WAGNERS HOLDING CO LTD 0.97 13.79 181.58M
CPT CIPHERPOINT LTD 0.03 13.63 1.02M
PNC PIONEER CREDIT LTD 1.27 13.39 80.83M
ECS ECS BOTANICS HOLDINGS LTD 0.02 13.02 10.66M
CDY CELLMID LTD 0.1 13.02 9.66M
EUR EUROPEAN LITHIUM LTD 0.05 12.73 28.57M
BIR BIR FINANCIAL LTD 0.06 12.72 4.88M
OML OOH!MEDIA LTD 1.55 12.62 375.70M
VRL VILLAGE ROADSHOW LTD 2.16 11.5 421.64M
EQE EQUUS MINING LTD 0 11.43 7.04M
OPY OPENPAY GROUP LTD 0.47 11.36 44.09M
RDH REDHILL EDUCATION LTD 0.88 11.19 27.12M
ALG ARDENT LEISURE GROUP LTD 0.37 10.55 175.09M
COG CONSOLIDATED OPERATIONS GROUP 0.05 10 75.44M
TGA THORN GROUP LTD 0.07 9.13 22.56M
A2B A2B AUSTRALIA LTD 0.71 7.24 85.51M
HLO HELLOWORLD TRAVEL LTD 1.64 4.61 204.54M