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, July 10:

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

Code Name Price 2 Week RSI Market Cap ($)
KTA KRAKATOA RESOURCES LTD 0.1 89.86 21.88M
CLB CANDY CLUB HOLDINGS LTD 0.15 87.85 35.42M
PTR PETRATHERM LTD 0.13 87.3 20.67M
ADV ARDIDEN LTD 0.02 87.17 33.98M
TTM TITAN MINERALS LTD 0.14 85.47 143.95M
VLT VAULT INTELLIGENCE LTD 0.43 85.4 54.40M
AYR ALLOY RESOURCES LTD 0.03 85.03 11.40M
AUT AUTECO MINERALS LTD 0.18 84.54 247.11M
TYM TYMLEZ GROUP LTD 0.13 84.22 34.72M
ANP ANTISENSE THERAPEUTICS LTD 0.11 82.7 53.79M
TIE TIETTO MINERALS LTD 0.63 82.06 219.35M
SES SECOS GROUP LTD 0.11 81.42 44.08M
MMM MARLEY SPOON AG-CDI 2.05 81.26 352.23M
DRE DREADNOUGHT RESOURCES LTD 0.01 81.16 17.03M
AUC AUSGOLD LTD 0.05 81.09 50.89M
APC AUSTRALIAN POTASH LTD 0.08 81.02 41.36M
MHC MANHATTAN CORP LTD 0.03 80.94 33.16M
BSX BLACKSTONE MINERALS LTD 0.24 80.74 62.94M
MSM MSM CORPORATION INTERNATIONA 0.05 80.68 44.48M
MAU MAGNETIC RESOURCES NL 1.42 80.53 298.46M
MOH MOHO RESOURCES NL 0.14 79.68 8.59M
TTI TRAFFIC TECHNOLOGIES LTD 0.02 79.62 10.13M
WRM WHITE ROCK MINERALS LTD 0.01 79.58 28.22M
AD1 AD1 HOLDINGS LTD 0.05 79.36 21.92M
PGM PLATINA RESOURCES LTD 0.04 79.24 15.60M
PFG PRIME FINANCIAL GROUP LTD 0.08 78.86 15.63M
OSP OSPREY MEDICAL INC-CDI 0.05 78.43 71.94M
ASIA BETASHARES ASIA TECH TIGERS 9.5 78.4 187.75M
DTM DART MINING NL 0.19 78.25 14.24M
KSS KLEOS SPACE SA-CDI 0.28 78.21 38.39M
ICOR ISHARES CORE CORP BOND ETF 101.17 78.11 10.12M
ADT ADRIATIC METALS PLC-CDI 1.88 78.09 329.82M
MKG MAKO GOLD LTD 0.16 77.91 16.95M
CDT CASTLE MINERALS LTD 0.01 77.86 5.84M
IDA INDIANA RESOURCES LTD 0.05 77.83 10.42M
VMT VMOTO LTD 0.4 77.81 101.69M
PWL POWERWRAP LTD 0.26 77.57 59.69M
BNL BLUE STAR HELIUM LTD 0.02 77.56 18.57M
DW8 DIGITAL WINE VENTURES LTD 0.02 77.53 28.98M
TNG TNG LTD 0.09 77.31 98.96M
CVW CLEARVIEW WEALTH LTD 0.36 76.87 243.39M
MAN MANDRAKE RESOURCES LTD 0.04 76.69 10.66M
AOP APOLLO CONSOLIDATED LTD 0.38 76.64 103.60M
CLA CELSIUS RESOURCES LTD 0.02 76.62 14.82M
ERX EXORE RESOURCES LTD 0.1 76.53 61.88M
CNB CARNABY RESOURCES LTD 0.13 76.44 12.48M
GSN GREAT SOUTHERN MINING LTD 0.17 76.26 67.34M
HRN HORIZON GOLD LIMITED 0.5 76.12 37.88M
WSP WHISPIR LTD 3.09 76.06 311.50M
STN SATURN METALS LTD 0.77 75.86 66.84M
LMG LATROBE MAGNESIUM LTD 0.03 75.82 31.12M
MZZ MATADOR MINING LIMITED 0.4 75.28 54.83M
ARD ARGENT MINERALS LTD 0.04 75.26 26.95M
CZI CASSINI RESOURCES LTD 0.18 75.11 79.14M
POD PODIUM MINERALS LTD 0.04 75.08 9.83M

The RSI can be a useful gauge of broader bullish sentiment, and that was the case as global stocks continue to hold their gains despite record growth in daily coronavirus cases.

As a result, the Stockhead data team was forced to get the culling machine out and trim the list to stocks with an RSI of 70 or above, or this week’s list would’ve had more than 200 companies on it.

Topping the list was gold explorer Krakatoa Resources (ASX:KTA), which posted double-digit percentage returns on five out of seven sessions before going into a trading halt on Tuesday.

That followed an announcement on Monday that KTA had “considerably expanded its landholding in the Lachlan Fold Belt” in NSW via the application for additional exploration licences at its fully-owned Rand project.

The company said it wasn’t aware of any reason why the applications won’t be approved within the next three to six months, giving it the opportunity to further explore the gold systems which are similar to that of the Mallina project operated by De Grey Mining (ASX:DEG).

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, July 10:

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

Code Name Price ($) 2 Week RSI Market Cap
MCM MC MINING LTD 0.09 29.88 12.84M
SST STEAMSHIPS TRADING COMPANY 9.56 29.42 296.44M
MAR MALACHITE RESOURCES LTD 0.03 29.11 1.70M
HPR HIGH PEAK ROYALTIES LTD 0.05 28.95 10.20M
WCG WEBCENTRAL GRP LTD 0.07 28.57 7.94M
OVT OVATO LTD 0.01 28.46 5.86M
TML TIMAH RESOURCES LTD 0.05 27.83 4.13M
PKD PARKD LTD 0.02 27.36 1.58M
BLY BOART LONGYEAR LTD 0.4 27.26 35.16M
FLC FLUENCE CORP LTD 0.22 27.1 124.97M
AMB AMBITION GROUP LTD 0.02 25.83 1.35M
CLQ CLEAN TEQ HOLDINGS LTD 0.13 25.82 93.31M
CPH CRESO PHARMA LTD 0.03 25.24 10.87M
PIN PINCHME.COM INC-CDI 0.03 24.63 3.96M
BHL BOYUAN HOLDINGS LTD 0.08 24.6 27.45M
1AL ONEALL INTERNATIONAL LTD 0.27 22.94 35.10M
SMR STANMORE COAL LTD 0.69 22.67 185.23M
EGY ENERGY TECHNOLOGIES LTD 0.09 15.39 9.94M
BIR BIR FINANCIAL LTD 0.02 8.48 1.30M