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 |