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, June 12:

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

Code Name Price 2 Week RSI Market Cap ($)
NME NEX METALS EXPLORATION LTD 0.08 91.01 15.42M
GUL GULLEWA LTD 0.13 88.28 17.85M
AUR AURIS MINERALS LTD 0.05 85.66 18.80M
IOD IODM LTD 0.17 85.31 106.25M
HMX HAMMER METALS LTD 0.03 84.4 20.48M
PIQ PROTEOMICS INTERNATIONAL LAB 0.56 84.27 51.91M
BEE BROO LTD 0.02 81.69 16.02M
KKO KINETIKO ENERGY LTD 0.06 80.43 35.31M
SVD SCANDIVANADIUM LTD 0.02 80.32 9.57M
ICU ISENTRIC LTD 0.02 80.11 5.70M
VUL VULCAN ENERGY RESOURCES LTD 0.38 79.8 24.15M
5GN 5G NETWORKS LTD/AUSTRALIA 1.21 79.57 98.15M
TZN TERRAMIN AUSTRALIA LTD 0.06 79.5 124.88M
INP INCENTIAPAY LTD 0.03 79.1 22.30M
BFC BESTON GLOBAL FOOD CO LTD 0.08 79.04 47.11M
OVH ONEVUE HOLDINGS LTD 0.37 78.59 101.81M
RTR RUMBLE RESOURCES LTD 0.10 78.41 46.90M
AQZ ALLIANCE AVIATION SERVICES L 3.10 78.39 395.16M
STA STRANDLINE RESOURCES LTD 0.18 77.8 83.22M
LMG LATROBE MAGNESIUM LTD 0.01 77.59 19.45M
IMC IMMURON LTD 0.22 77.52 45.19M
9SP 9 SPOKES INTERNATIONAL LTD 0.02 77.33 26.74M
MGV MUSGRAVE MINERALS LTD 0.38 76.91 175.98M
BNL BLUE STAR HELIUM LTD 0.01 76.81 8.80M
ERX EXORE RESOURCES LTD 0.08 76.43 51.27M
HTG HARVEST TECHNOLOGY GROUP LTD 0.16 76.33 68.63M
CRO CIRRALTO LTD 0.01 76.23 4.94M
GSM GOLDEN STATE MINING LTD 0.26 76.12 13.96M
XTD XTD LTD 0.04 75.85 6.35M
DXB DIMERIX LTD 0.37 75.75 78.06M
SCN SCORPION MINERALS LTD 0.04 75.73 7.16M
AYS AMAYSIM AUSTRALIA LTD 0.5 75.58 156.41M
GAP GALE PACIFIC LTD 0.19 75.54 50.95M
QEM QEM LTD 0.11 75.32 11.50M
TIE TIETTO MINERALS LTD 0.38 75.27 145.60M
TRS REJECT SHOP LTD/THE 6.66 75.12 261.51M
M7T MACH7 TECHNOLOGIES LTD 0.77 75 142.56M
RLC REEDY LAGOON CORP LTD 0.005 74.95 2.01M
BNR BULLETIN RESOURCES LTD 0.09 74.8 17.93M
ABA AUSWIDE BANK LTD 4.96 74.72 218.96M
KAI KAIROS MINERALS LTD 0.02 74.34 31.17M
SNL SUPPLY NETWORK LTD 4.35 74.21 177.31M
FIJ FIJI KAVA LTD 0.09 74.07 9.43M
MXR MAXIMUS RESOURCES LTD 0.08 73.94 7.83M
TLM TALISMAN MINING LTD 0.11 73.91 22.40M
TSL TITANIUM SANDS LTD 0.08 73.8 61.51M
CVC CVC LTD 1.52 73.74 178.38M
HZR HAZER GROUP LTD 0.47 73.64 64.77M
CTM CENTAURUS METALS LTD 0.29 73.6 82.39M
EUC EUROPEAN COBALT LTD 0.03 73.54 28.18M
GRV GREENVALE ENERGY LTD 0.04 73.53 4.25M
TER TERRACOM LTD 0.18 73.47 132.32M
AL8 ALDERAN RESOURCES LTD 0.14 73.46 38.29M
IRD IRON ROAD LTD 0.06 73.26 43.70M
NVX NOVONIX LTD 0.94 73.23 289.53M
PPC PEET LTD 0.96 73.21 463.97M
GMD GENESIS MINERALS LTD 0.05 72.99 63.82M
AUC AUSGOLD LTD 0.02 72.74 21.02M
ELX ELLEX MEDICAL LASERS LTD 0.59 72.7 88.31M
ANA ANSILA ENERGY NL 0.01 72.58 9.67M
CPT CIPHERPOINT LTD 0.03 72.57 1.06M
MTO MOTORCYCLE HOLDINGS LTD 1.46 72.39 101.04M
1AD ADALTA LTD 0.09 72.39 17.21M
SVM SOVEREIGN METALS LTD 0.17 72.33 74.60M
MSG MCS SERVICES LTD 0.02 72.23 4.69M
AMD ARROW MINERALS LTD 0.01 72.11 8.74M
EQE EQUUS MINING LTD 0.01 72.02 21.18M
PWN PARKWAY MINERALS NL 0.01 71.8 17.17M
FHS FREEHILL MINING LTD 0.05 71.62 73.42M
BRN BRAINCHIP HOLDINGS LTD 0.09 71.56 154.00M
FTC FINTECH CHAIN LTD 0.11 71.55 74.84M
SGO STREAM GROUP LTD 0.05 71.47 10.31M
CT1 CONSTELLATION TECHNOLOGIES L 0.03 71.31 44.16M
KNO KNOSYS LTD 0.09 71.13 12.95M
CZR COZIRON RESOURCES LTD 0.01 71.02 35.80M
DTZ DOTZ NANO LTD 0.09 70.99 25.74M
MEU MARMOTA LTD 0.05 70.95 50.72M
RGL RIVERSGOLD LTD 0.04 70.8 12.82M
GID GI DYNAMICS INC-CDI 0.01 70.7 14.64M
CCA CHANGE FINANCIAL LTD 0.11 70.55 35.88M
WOA WIDE OPEN AGRICULTURE LTD 0.46 70.23 36.00M
MZZ MATADOR MINING LIMITED 0.29 70.14 38.45M

There were a total of 83 ASX small caps which registered a 14-day RSI reading above 70 this week. Despite some jitters on Friday when local stocks had their biggest daily fall since early May, the Running Hot list remains well-populated above its long-run average of 45-50.

However, sentiment has eased back slightly from last week when we increased the cut off to an RSI of 75 to account for the increased demand.

Leading the pack this week was Nex Metals (ASX:NME), which capped off a strong two-week run with more gains on the back of a big high-grade gold hit from its joint-venture partner Metalicity (ASX:MCT) at their 100-year-old Kookynie project in WA.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, June 12:

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

Code Name Price ($) 2 Week RSI Market Cap
NUH NUHEARA LTD 0.01 34.9 19.04M
GBP GLOBAL PETROLEUM LTD 0.01 34.89 2.03M
CNL CELAMIN HOLDINGS LTD 0.07 34.85 13.58M
VMY VIMY RESOURCES LTD 0.04 34.56 22.90M
M8S M8 SUSTAINABLE LTD 0.08 34.54 17.49M
RFX REDFLOW LTD 0.02 34.21 22.89M
CGA CONTANGO ASSET MANAGEMENT LT 0.28 34.15 13.24M
SMR STANMORE COAL LTD 0.83 33.98 224.43M
AVR ANTERIS TECHNOLOGIES LTD 5.55 33.95 34.39M
ACS ACCENT RESOURCES NL 0.005 33.33 905.00k
MGU MAGNUM MINING AND EXPLORATIO 0.04 33.1 10.97M
CLT CELLNET GROUP LTD 0.03 32.68 6.95M
SIV SIV CAPITAL LTD 0.38 32.62 15.12M
IXU IXUP LTD 0.01 32.61 3.57M
PIN PINCHME.COM INC-CDI 0.05 32.53 7.64M
TTA TTA HOLDINGS LTD 0.01 32.47 1.24M
CPH CRESO PHARMA LTD 0.05 32.46 14.52M
OEQ ORION EQUITIES LTD 0.05 32.14 908.53k
ARN ALDORO RESOURCES LTD 0.07 31.8 3.96M
KSC K & S CORP LTD 1.37 30.72 174.50M
A3D AURORA LABS LTD 0.06 30.71 7.15M
AGR AGUIA RESOURCES LTD 0.05 30.56 11.09M
MAR MALACHITE RESOURCES LTD 0.04 29.84 2.58M
BLV BLOSSOMVALE HOLDINGS LTD 0.05 29.52 3.07M
PKD PARKD LTD 0.03 27.83 1.95M
CAG CAPE RANGE LTD 0.34 27.8 32.27M
EGY ENERGY TECHNOLOGIES LTD 0.19 27.71 15.87M
TNP TRIPLE ENERGY LTD 0.005 26.61 359.98k
EN1 ENGAGE:BDR LTD 0.01 26.23 6.67M
SST STEAMSHIPS TRADING COMPANY 9.5 24.46 294.58M
BHL BOYUAN HOLDINGS LTD 0.08 24.34 27.45M
AMB AMBITION GROUP LTD 0.02 22.27 1.55M
KPE KINA PETROLEUM CORP 1.05 21.58 13.46M
FZR FITZROY RIVER CORP LTD 0.1 21.2 9.07M
EBG EUMUNDI GROUP LTD 0.79 17.38 32.82M
VOL VICTORY OFFICES LTD 0.35 15.77 16.56M
KLL KALIUM LAKES LTD 0.14 12.67 100.91M
UUL ULTIMA UNITED LTD 0.02 10.97 527.86k