Each Monday, Stockhead recaps the stocks that are running hot with investors.

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

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, October 30:

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

Code Company Price RSI MktCap$
BIR BIR Financial Ltd 0.06 99 $ 4,875,022
XPL Xplorewlth Limited 0.19 92 $ 56,531,886
UUL Ultima Utd Ltd 0.57 92 $ 16,715,677
CSX Cleanspace Holdings 7.04 89 $ 539,136,661
EAS Easton Investments 1.15 89 $ 39,421,392
CXU Cauldron Energy Ltd 0.061 86 $ 22,024,231
SFM Santa Fe Minerals 0.11 86 $ 8,010,067
PNC Pioneer Credit Ltd 0.68 85 $ 42,861,745
KSS Kleos 0.735 84 $ 92,767,726
FFG Fatfish Group 0.039 83 $ 29,353,759
VRX VRX Silica Ltd 0.195 82 $ 84,569,233
ICQ Icar Asia Ltd 0.425 82 $ 142,364,655
E2M E2 Metals 0.725 80 $ 94,464,134
KIS King Island 0.098 76 $ 24,617,974
AHF Aust Dairy Group 0.086 76 $ 29,718,915
MSG Mcs Services Limited 0.03 75 $ 5,215,688
CNJ Conico Ltd 0.032 74 $ 17,642,871
SPQ Superior Resources 0.021 72 $ 22,002,568
CGS Cogstate Ltd 1.15 72 $ 190,536,264
4DS 4Ds Memory Limited 0.095 71 $ 137,517,816
FUN Funtastic Limited 0.12 70 $ 30,050,509
ICI Icandy Interactive 0.15 69 $ 78,663,326
AMO Ambertech Limited 0.18 63 $ 13,761,899

 

Among the stocks running hot with a two-week RSI above 70 was Kleos Space (ASX:KSS), which is preparing for the launch of four of its radio frequency scouting nanosatellites on November 7.

But topping this week’s list was financial services nanocap BIR Financial (ASX:BIR), which has a market cap of just 2.36m.

A 100 per cent gain on Monday October 26 was enough for a red-hot reading on the RSI gauge for BIR, which typically trades with daily volumes of less than 50,000.

Running Cold

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, October 30:

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

Code Company Price RSI MktCap$
ILU Iluka Resources 5.12 19 $ 2,084,254,527
KAI Kairos Minerals Ltd 0.045 28 $ 70,365,732
TGO Trimantium Growthops 0.038 23 $ 5,773,902
TCN Techniche Limited 0.038 30 $ 8,007,335
ATH Alterity Therap Ltd 0.028 21 $ 40,687,651
BUX Buxton Resources Ltd 0.067 29 $ 8,979,659
PCH Property Connect 0.0015 30 $ 1,028,795
TIE Tietto Minerals 0.435 29 $ 196,320,048
GMR Golden Rim Resources 0.0125 27 $ 19,704,761
ELT Elementos Limited 0.004 30 $ 15,533,019
PBX Pacific Bauxite Ltd 0.003 27 $ 1,189,842
SKN Skin Elements Ltd 0.023 16 $ 8,469,958
T3D 333D Limited 0.001 28 $ 1,065,996
ILU Iluka Resources 5.13 19 $ 2,084,254,527
LIO Lion Energy Limited 1.40 25 $ 2,903,625
ATH Alterity Therap Ltd 2.90 20 $ 40,687,651
NZS New Zealand Coastal 0.029 29 $ 17,862,010
BKY Berkeley Energia Ltd 0.375 29 $ 103,442,168
EOF Ecofibre Limited 1.62 20 $ 237,414,008
CPH Creso Pharma Ltd 0.025 25 $ 17,210,460