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 19:

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

Code Name Price 2 Week RSI Market Cap ($)
INF INFINITY LITHIUM CORP LTD 0.10 84.27 25.07M
BKY BERKELEY ENERGIA LTD 0.50 82.78 130.60M
SPT SPLITIT PAYMENTS LTD 1.68 81.75 484.49M
ALY ALCHEMY RESOURCES LTD 0.02 79.87 11.56M
BNL BLUE STAR HELIUM LTD 0.01 79.72 9.54M
KKO KINETIKO ENERGY LTD 0.07 78.69 36.94M
9SP 9 SPOKES INTERNATIONAL LTD 0.03 78.66 34.04M
GAP GALE PACIFIC LTD 0.20 78.16 55.08M
STA STRANDLINE RESOURCES LTD 0.22 77.3 93.89M
OVH ONEVUE HOLDINGS LTD 0.38 76.79 101.81M
KAI KAIROS MINERALS LTD 0.03 76.78 37.40M
WAT WATERCO LTD 2.50 76.42 89.71M
MGV MUSGRAVE MINERALS LTD 0.44 75.73 203.77M
TRS REJECT SHOP LTD/THE 7.60 75.72 280.22M
SUP SUPERIOR LAKE RESOURCES LTD 0.13 75.61 17.87M
TRM TRUSCOTT MINING CORP LTD 0.02 75.15 2.24M
RXL ROX RESOURCES LTD 0.05 75.12 85.65M
XTD XTD LTD 0.05 74.96 6.90M
DTM DART MINING NL 0.11 74.43 7.06M
GLH GLOBAL HEALTH LTD 0.20 74.21 8.42M
ZNC ZENITH MINERALS LTD 0.11 74.2 26.77M
FHS FREEHILL MINING LTD 0.06 74.13 82.23M
CRO CIRRALTO LTD 0.01 74.1 5.76M
SSG SHAVER SHOP GROUP LTD 0.71 74.08 90.42M
BFC BESTON GLOBAL FOOD CO LTD 0.10 73.75 49.46M
IRD IRON ROAD LTD 0.08 73.74 51.33M
GRV GREENVALE ENERGY LTD 0.04 73.64 4.25M
SGC SACGASCO LTD 0.03 73.46 8.11M
GSM GOLDEN STATE MINING LTD 0.38 73.01 16.25M
DXB DIMERIX LTD 0.44 72.9 79.87M
VUL VULCAN ENERGY RESOURCES LTD 0.47 72.9 24.15M
TLM TALISMAN MINING LTD 0.14 72.58 26.13M
ABA AUSWIDE BANK LTD 5.31 72.41 224.90M
CGS COGSTATE LTD 0.40 72.31 69.76M
IMC IMMURON LTD 0.27 72.29 52.55M
RGL RIVERSGOLD LTD 0.05 71.76 14.39M
AL8 ALDERAN RESOURCES LTD 0.20 71.45 43.92M
TMX TERRAIN MINERALS LTD 0.01 71.19 5.79M
CZR COZIRON RESOURCES LTD 0.02 71.14 38.18M
VBS VECTUS BIOSYSTEMS LTD 0.72 71.05 17.98M
PAA PHARMAUST LTD 0.14 70.99 40.77M
HMX HAMMER METALS LTD 0.04 70.9 21.62M
ORM ORION METALS LTD 0.02 70.88 11.31M
VRS VERIS LTD 0.04 70.8 17.43M
ZNO ZOONO GROUP LTD 2.74 70.36 461.39M
PPC PEET LTD 0.97 70.36 468.80M
PYG PAYGROUP LTD 0.83 70.25 54.43M
ARV ARTEMIS RESOURCES LTD 0.04 70.19 43.42M
ASIA BETASHARES ASIA TECH TIGERS 8.50 70.17 154.37M
AUR AURIS MINERALS LTD 0.04 70.15 17.57M
AFL AF LEGAL GROUP 0.19 70.04 11.72M

A total of 52 ASX small caps made the cut this week with a 14-day RSI above 70 this week.

Among them was fintech company Splitit (ASX:SPT), which if anything had spent most of its time on the Running Cold list after turning heads with a red-hot IPO in January 2019.

But after failing to lodge the same returns as its buy now, pay later peers during the COVID-19 market rally, the stock rose by 108 per cent on Thursday following the announcement of a partnership agreement with global payments company Mastercard.

 

Running Cold

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

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

Code Name Price ($) 2 Week RSI Market Cap
ARU ARAFURA RESOURCES LTD 0.06 29.13 65.40M
ZER ZETA RESOURCES LTD 0.14 28.94 40.23M
BLV BLOSSOMVALE HOLDINGS LTD 0.04 28.91 2.64M
PXS PHARMAXIS LTD 0.07 28.03 26.48M
EGY ENERGY TECHNOLOGIES LTD 0.19 27.95 15.87M
MAR MALACHITE RESOURCES LTD 0.03 27.68 2.04M
NUC NUCHEV LTD 2.31 27.38 103.95M
PKD PARKD LTD 0.03 27.33 1.88M
TNP TRIPLE ENERGY LTD 0.005 26.63 359.98k
AVR ANTERIS TECHNOLOGIES LTD 5.04 25.09 29.84M
PET PHOSLOCK ENVIRONMENTAL TECHNOLOGIES 0.36 24.86 221.88M
BHL BOYUAN HOLDINGS LTD 0.08 24.35 27.45M
CPH CRESO PHARMA LTD 0.04 23.41 11.72M
AMB AMBITION GROUP LTD 0.02 22.27 1.55M
14D 1414 DEGREES LTD 0.06 22.06 11.93M
KPE KINA PETROLEUM CORP 1.05 21.58 13.46M
FZR FITZROY RIVER CORP LTD 0.10 21.2 9.07M
VOL VICTORY OFFICES LTD 0.38 20.49 15.75M
KLL KALIUM LAKES LTD 0.14 15.24 112.32M
UUL ULTIMA UNITED LTD 0.02 10.97 527.86k
BIR BIR FINANCIAL LTD 0.01 7.01 1.22M