Stockhead’s Hot Money Monday 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 look-out 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, February 19:

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

Code Company Price RSI Market Cap
TTA TTA Holdings Ltd 0.048 100 $ 3,435,585
AQS Aquis Ent Ltd 0.5 99 $ 4,107,705
MXC MGC Pharmaceuticals 0.115 89 $ 211,736,789
MAY Melbana Energy Ltd 0.028 89 $ 62,554,988
CRO Cirralto Ltd 0.115 84 $ 197,636,305
ICT Icollege Limited 0.165 83 $ 87,234,697
NCL Netccentric Ltd 0.125 82 $ 24,675,000
IOU IOUpay Limited 0.645 81 $ 281,551,291
MGL Magontec Limited 0.035 81 $ 17,263,872
PUR Pursuit Minerals 0.052 80 $ 27,216,224
CTT Cettire 103 80 $ 371,707,265
CI1 Credit Intelligence 0.058 79 $ 80,963,282
EGL Environmental Group 0.05 79 $ 13,848,756
ASP Aspermont Limited 0.046 77 $ 106,208,942
PRT Prime Media Grp Ltd 0.27 77 $ 98,909,182
HMX Hammer Metals Ltd 0.11 77 $ 68,257,898
FTZ Fertoz Ltd 0.07 75 $ 10,872,514
BD1 Bard1 Life Sciences 2.85 74 $ 237,058,783
CXM Centrex Metals 0.034 74 $ 10,997,003
QPM Queensland Pacific 0.08 74 $ 67,172,225
AO1 Assetowl Limited 0.013 73 $ 6,428,566
ADY Admiralty Resources. 0.024 72 $ 26,660,098
BET Betmakers Tech Group 1.01 72 $ 730,216,874
FRM Farm Pride Foods 0.275 72 $ 15,174,548
AMN Agrimin Ltd 0.68 72 $ 147,762,276
RXH Rewardle Holding Ltd 0.019 71 $ 7,368,501
RFX Redflow Limited 0.085 70 $ 91,249,907
FFT Future First Tech 0.087 70 $ 49,779,527
QFY Quantify Tech Ltd 0.028 70 $ 15,617,824
TTI Traffic Technologies 0.053 70 $ 26,040,134

In what may mark a first for the Hot Money column, consumer electronics wholesaler TTA Holdings (ASX:TTA) appeared to make a bit of history by chalking up a 14-day RSI of 100.

The minnow stock surged higher by 132pc on Friday before trading was paused “pending a further announcement”.

That followed three straight days of strong gains in the trading sessions immediately prior for TTA, which distributes TEAC electronic products in the Australian market.

TTA’s latest 4C filing showed the company booked cash receipts from customers of $2.888m, with product manufacturing costs of $2,478k and net cash outflows of $221k. TTA finished the quarter with $1.5m in the bank.

Casino operator Aquis Entertainment (ASX:AQS) also ran red hot with an RSI of 99. No surprises there, as the stock booked two historic gains to close the week, on no news.

And in line with a big week of price action in the fintech space, a number of payment and lending companies posted big RSI readings with share prices surging across the board.

Fintech names in this week’s Hot Money list included Cirralto (ASX:CRO), IOUpay (ASX:IOU) and Credit Intelligence (ASX:CI1).
 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, February 19:

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

Code Company Price RSI Market Cap
AZS Azure Minerals 0.35 30 $ 109,370,431
AAR Anglo Australian 0.1 30 $ 58,311,830
GGG Greenland Minerals 0.17 30 $ 234,674,711
MHC Manhattan Corp Ltd 0.018 29 $ 23,873,016
MCT Metalicity Limited 0.012 29 $ 22,970,925
NME Nex Metals Explorat 0.03 29 $ 8,010,709
PCH Property Connect 0.0015 29 $ 1,028,795
NTL New Talisman Gold 0.004 29 $ 11,168,901
DCN Dacian Gold Ltd 0.385 29 $ 217,038,336
MSV Mitchell Services 0.42 28 $ 84,676,465
NWH NRW Holdings Limited 225 28 $ 996,737,584
EMV Emvision Medical 2.18 27 $ 152,847,778
AKG Academies Aus Grp 0.305 27 $ 38,922,412
STK Strickland Metals 0.024 24 $ 10,528,788
E2M E2 Metals 0.365 24 $ 56,907,244
STN Saturn Metals 0.365 23 $ 39,047,224
ZNO Zoono Group Ltd 0.735 21 $ 118,161,149
BGL Bellevue Gold Ltd 0.755 19 $ 642,654,092
TOM Tomizone Limited 0.002 12 $ 850,401