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

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, May 22:

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

Code Name Price 2 Week RSI Market Cap ($)
ECT ENVIRONMENTAL CLEAN TECHNOLOGIES 0.002 93.74 19.20M
MAU MAGNETIC RESOURCES NL 1.15 88.71 242.39M
CTM CENTAURUS METALS LTD 0.29 85.05 76.63M
CLB CANDY CLUB HOLDINGS LTD 0.09 83.97 22.43M
CTE CRYOSITE LTD 0.09 83.43 3.98M
GES GENESIS RESOURCES LTD 0.02 83.43 13.31M
KIN KIN MINING NL 0.12 83.08 75.56M
MXR MAXIMUS RESOURCES LTD 0.05 82.74 2.71M
ARS ALT RESOURCES LTD 0.05 82.43 27.94M
AZY ANTIPA MINERALS LTD 0.03 81.61 57.70M
CAV CARNAVALE RESOURCES LTD 0.004 81.27 5.98M
KFE KOGI IRON LTD 0.06 80.97 46.47M
BNR BULLETIN RESOURCES LTD 0.07 80.89 12.55M
SBR SABRE RESOURCES LTD 0.002 80.17 2.57M
ADY ADMIRALTY RESOURCES NL 0.01 80.07 11.59M
PGM PLATINA RESOURCES LTD 0.03 79.76 8.48M
MWR MGM WIRELESS LTD 0.14 79.68 21.26M
HZN HORIZON OIL LTD 0.08 79.38 101.55M
AWV ANOVA METALS LTD 0.02 79.3 23.69M
QHL QUICKSTEP HOLDINGS LTD 0.11 79.09 74.91M
ASN ANSON RESOURCES LTD 0.05 79 30.55M
BRN BRAINCHIP HOLDINGS LTD 0.06 78.48 90.24M
ADN ANDROMEDA METALS LTD 0.06 78.25 92.91M
SRN SUREFIRE RESOURCES NL 0.003 78.17 2.51M
MSM MSM CORPORATION INTERNATIONAL 0.02 78.05 16.79M
ZNC ZENITH MINERALS LTD 0.09 77.73 21.66M
BKT BLACK ROCK MINING LTD 0.05 77.65 33.96M
AQZ ALLIANCE AVIATION SERVICES 2.75 77.47 342.89M
CCE CARNEGIE CLEAN ENERGY LTD 0.001 77.45 16.71M
CXO CORE LITHIUM LTD 0.06 77.43 45.97M
DTZ DOTZ NANO LTD 0.08 77.28 23.08M
AMA AMA GROUP LTD 0.65 77.13 475.48M
TMT TECHNOLOGY METALS AUSTRALIA 0.17 77.12 18.92M
KAI KAIROS MINERALS LTD 0.02 76.74 17.33M
KRR KING RIVER RESOURCES LTD 0.06 76.31 77.42M
YOJ YOJEE LTD 0.05 76.31 49.17M
FFR FIREFLY RESOURCES LTD 0.04 76.07 3.36M
BNL BLUE STAR HELIUM LTD 0.01 76.04 6.60M
FLN FREELANCER LTD 0.49 75.76 226.39M
NTM NTM GOLD LTD 0.1 75.75 66.33M
TBR TRIBUNE RESOURCES LTD 7.5 75.71 417.92M
EXP EXPERIENCE CO LTD 0.14 75.59 77.81M
MGV MUSGRAVE MINERALS LTD 0.16 75.57 81.04M
FEX FENIX RESOURCES LTD 0.07 75.25 20.58M
SPX SPECTRUM METALS LTD 0.19 75.2 273.70M
ICN ICON ENERGY LIMITED 0.01 75.03 7.17M
VIC VICTORY MINES LTD 0.001 74.81 4.70M
NCZ NEW CENTURY RESOURCES LTD 0.25 74.8 207.56M
GSN GREAT SOUTHERN MINING LTD 0.09 74.77 30.30M
EOL ENERGY ONE LTD 3.6 74.65 82.43M
SSG SHAVER SHOP GROUP LTD 0.61 74.64 75.88M
MLL MALI LITHIUM LTD 0.09 74.44 28.56M
MPW MSL SOLUTIONS LTD 0.07 74.43 23.52M
HRZ HORIZON MINERALS LTD 0.11 74.33 52.09M
RCE RECCE PHARMACEUTICALS LTD 0.6 74.32 77.56M
IPD IMPEDIMED LTD 0.07 74.27 57.10M
MHC MANHATTAN CORP LTD 0.01 74.11 14.64M
TNR TORIAN RESOURCES LTD 0.03 74.03 11.58M
MAN MANDRAKE RESOURCES LTD 0.04 74.02 8.79M
DRO DRONESHIELD LTD 0.18 73.88 42.92M
SLC SUPERLOOP LTD 1.13 73.52 409.77M
DCX DISCOVEX RESOURCES LTD 0.01 73.34 6.75M
AVA AVA RISK GROUP LTD 0.17 73.33 40.01M
CTP CENTRAL PETROLEUM LTD 0.1 73.29 68.69M
TRS REJECT SHOP LTD/THE 4.53 73.21 169.89M
NVX NOVONIX LTD 0.54 73.19 69.94M
NAE NEW AGE EXPLORATION LTD 0.005 73.16 5.33M
MEU MARMOTA LTD 0.05 72.9 44.81M
PDI PREDICTIVE DISCOVERY LTD 0.08 72.86 48.08M
LBT LBT INNOVATIONS LTD 0.16 72.75 36.51M
VRC VOLT RESOURCES LTD 0.01 72.73 22.79M
WOA WIDE OPEN AGRICULTURE LTD 0.29 72.57 19.41M
NUS NUSANTARA RESOURCES LTD 0.34 72.49 66.83M
SHK STONE RESOURCES AUSTRALIA LT 0.01 72.41 5.85M
MAI MAINSTREAM GROUP HOLDINGS LT 0.47 72.25 62.62M
GTR GTI RESOURCES LTD 0.04 72.11 17.63M
E25 ELEMENT 25 LTD 0.36 72 33.13M
STX STRIKE ENERGY LTD 0.2 71.93 324.19M
PM8 PENSANA RARE EARTHS PLC-CDI 0.24 71.92 40.16M
SVY STAVELY MINERALS LTD 0.69 71.81 135.76M
PKS PKS HOLDINGS LTD 0.18 71.79 21.81M
VR1 VECTION TECHNOLOGIES LTD 0.03 71.75 24.68M
DCL DOMACOM LTD 0.06 71.71 15.19M
GSM GOLDEN STATE MINING LTD 0.2 71.71 6.96M
ST1 SPIRIT TELECOM LTD 0.19 71.63 83.14M
VVA VIVA LEISURE LTD 2.4 71.59 142.55M
SWF SELFWEALTH LTD 0.28 71.43 52.75M
BGL BELLEVUE GOLD LTD 0.7 71.4 477.44M
SGH SLATER & GORDON LTD 0.82 71.4 113.51M
HLA HEALTHIA LTD 1.01 71.36 64.30M
CYG COVENTRY GROUP LTD 0.7 71.3 60.17M
SKY SKY METALS LTD 0.41 71.26 127.02M
RDM RED METAL LTD 0.1 71.25 20.59M
PGI PANTERRA GOLD LTD 0.05 71.25 8.98M
AGS ALLIANCE RESOURCES LTD 0.16 71.16 26.70M
ABR AMERICAN PACIFIC BORATES LTD 0.54 71.14 127.62M
ARU ARAFURA RESOURCES LTD 0.08 71.1 87.56M
LYL LYCOPODIUM LTD 4.83 71.05 191.91M
RBL REDBUBBLE LTD 1.21 70.98 305.68M
RTR RUMBLE RESOURCES LTD 0.08 70.96 35.74M
RGL RIVERSGOLD LTD 0.03 70.95 6.68M
VR8 VANADIUM RESOURCES LTD 0.02 70.87 7.49M
MAG MAGMATIC RESOURCES LTD 0.34 70.73 59.72M
SRK STRIKE RESOURCES LTD 0.05 70.43 8.86M
AUT AUTECO MINERALS LTD 0.06 70.31 76.14M
BBN BABY BUNTING GROUP LTD 3.12 70.3 406.93M
XCD XCD ENERGY LTD 0.01 70.19 8.40M

 

Are things starting to get bullish? After the number of companies on the Running Hot list fell to just two at the height of the COVID-19 crisis, there was another sharp jump last week.

Stockhead’s data team counted no less than 108 small-cap stocks with a two-week RSI above 70 — well above the previous week’s measure of 47.

A number of companies on the list have climbed in the wake of new capital raising announcements, as companies adjust their plans to account for the economic impact of the pandemic.

Last week, Stockhead’s Reuben Adams pointed out that in the month of April alone, there were more than 60 offers from sub-$500m market cap companies.

And investors who participated in those rounds have been well rewarded, with 47 of those companies currently trading at a higher level than the offer price.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, May 22:

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

Code Name Price ($) 2 Week RSI Market Cap
ENE ENEVIS LTD 0.04 29.61 2.66M
MAR MALACHITE RESOURCES LTD 0.05 29.03 3.06M
UCW UCW LTD 0.09 29.02 10.58M
ID8 IDENTITII LTD 0.12 28.39 7.77M
EVZ EVZ LTD 0.08 28.28 7.50M
GLL GALILEE ENERGY LTD 0.31 28.19 86.86M
PKD PARKD LTD 0.03 28.1 2.25M
FZR FITZROY RIVER CORP LTD 0.15 28.08 12.95M
FCT FIRSTWAVE CLOUD TECHNOLOGY 0.07 27.99 19.59M
DVN DEVINE LTD 0.08 27.27 12.70M
CGR CML GROUP LTD 0.28 27.11 59.83M
SMR STANMORE COAL LTD 0.89 25.84 239.31M
SFM SANTA FE MINERALS LTD 0.05 25.04 3.93M
BHL BOYUAN HOLDINGS LTD 0.08 24.38 27.45M
PFT PURE FOODS TASMANIA LTD 0.18 23.85 8.82M
CGA CONTANGO ASSET MANAGEMENT 0.25 22.94 11.82M
MCM MC MINING LTD 0.13 21.94 18.34M
MGU MAGNUM MINING AND EXPLORATION 0.03 20.42 9.14M
KLO KINGSLAND GLOBAL LTD-CDI 0.08 19.83 24.30M
TIG TIGERS REALM COAL LTD 0.01 19.5 37.86M
IXU IXUP LTD 0.02 18.42 3.79M
ZER ZETA RESOURCES LTD 0.14 17.02 40.23M
SST STEAMSHIPS TRADING COMPANY 9.00 15.94 279.07M

 

In line with the ongoing outperformance of the Small Ords index in recent weeks, the Running Cold list remains thinly populated.

A total of 23 stocks registered a 14-day RSI below 30 last week, down slightly from 24 in the week prior.