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 |