Each Monday, Stockhead recaps the stocks most heavily in demand by investors.

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 17:

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

Code Name Price 2 Week RSI Market Cap ($)
3DP POINTERRA LTD 0.13 93.32 82.90M
AUZ AUSTRALIAN MINES LTD 0.02 91.74 65.27M
MNS MAGNIS ENERGY TECHNOLOGIES 0.12 84.96 86.45M
ADO ANTEOTECH LTD 0.04 83.03 59.19M
VLT VAULT INTELLIGENCE LTD 0.45 82.84 58.24M
PGM PLATINA RESOURCES LTD 0.05 82.3 22.65M
LRK LARK DISTILLING CO. LTD 1.2 82.09 65.34M
MEM MEMPHASYS LTD 0.1 80.59 79.17M
KCN KINGSGATE CONSOLIDATED LTD 0.55 79.94 121.03M
CVW CLEARVIEW WEALTH LTD 0.41 79.94 276.67M
GTG GENETIC TECHNOLOGIES LTD 0.01 79.83 86.41M
MRD MOUNT RIDLEY MINES LTD 0.001 79.78 5.37M
RAC RACE ONCOLOGY LTD 1.06 79.33 131.36M
PFG PRIME FINANCIAL GROUP LTD 0.08 78.86 15.63M
DW8 DIGITAL WINE VENTURES LTD 0.03 78.56 32.76M
SND SAUNDERS INTERNATIONAL LTD 0.61 78.44 63.88M
S2R S2 RESOURCES LTD 0.14 78.3 35.95M
RPM RPM AUTOMOTIVE GROUP LTD 0.2 78.14 18.03M
RXM REX MINERALS LTD 0.16 78.04 48.00M
SCT SCOUT SECURITY LTD 0.09 78.01 10.73M
NOX NOXOPHARM LTD 0.32 77.62 69.29M
IPT IMPACT MINERALS LTD 0.02 77.34 29.63M
HRN HORIZON GOLD LIMITED 0.6 77.18 45.92M
VMT VMOTO LTD 0.42 77.06 105.51M
RCE RECCE PHARMACEUTICALS LTD 1.38 76.97 209.04M
CDV CARDINAL RESOURCES LTD 0.69 76.84 360.33M
MMM MARLEY SPOON AG-CDI 2.17 76.33 373.16M
MEB MEDIBIO LTD 0.01 76.26 16.17M
8VI 8VIC HOLDINGS LTD 0.6 76.26 24.33M
PKS PKS HOLDINGS LTD 0.22 75.99 40.07M
GPR GEOPACIFIC RESOURCES LTD 0.56 75.19 95.99M
3PL 3P LEARNING LTD 1.05 74.61 146.46M
WAT WATERCO LTD 2.65 74.58 95.02M
FDV FRONTIER DIGITAL VENTURES LT 1.13 74.57 301.78M
DTC DAMSTRA HOLDINGS LTD 1.53 74.49 213.41M
TGM THETA GOLD MINES LTD 0.28 74.29 136.99M
RMX RED MOUNTAIN MINING LTD 0.01 74.27 6.08M
EXR ELIXIR ENERGY LTD 0.05 74.11 33.02M
SVM SOVEREIGN METALS LTD 0.25 73.77 96.60M
360 LIFE360 INC-CDI 3.21 73.77 448.15M
AZS AZURE MINERALS LTD 0.17 73.71 20.27M
SBW SHEKEL BRAINWEIGH LTD 0.14 73.7 18.77M
BAF BLUE SKY ALTERNATIVES ACCESS 0.78 73.62 154.95M
FZO FAMILY ZONE CYBER SAFETY LTD 0.38 73.59 122.80M
ARV ARTEMIS RESOURCES LTD 0.09 73.58 82.71M
FLN FREELANCER LTD 0.69 73.52 310.16M
AZY ANTIPA MINERALS LTD 0.04 73.48 82.95M
TMH MARKET HERALD LTD/THE 0.2 73.21 38.74M
RDG RESOURCE DEVELOPMENT GROUP L 0.04 72.89 98.67M
SXY SENEX ENERGY LTD 0.29 72.61 415.48M
EZL EUROZ LTD 1.13 72.49 182.02M
ARD ARGENT MINERALS LTD 0.04 72.41 29.14M
IHL INCANNEX HEALTHCARE LTD 0.08 72.33 52.10M
MLL MALI LITHIUM LTD 0.14 72.29 44.43M
GBR GREAT BOULDER RESOURCES LTD 0.05 72.21 7.07M
CZI CASSINI RESOURCES LTD 0.19 72.2 81.27M
TIE TIETTO MINERALS LTD 0.65 72.1 235.40M
SIS SIMBLE SOLUTIONS LTD 0.03 72.05 6.46M
NUH NUHEARA LTD 0.04 71.96 51.67M
EX1 EXOPHARM LTD 0.32 71.69 30.55M
BSA BSA LTD 0.34 71.69 147.10M
CLA CELSIUS RESOURCES LTD 0.02 71.68 16.38M
ST1 SPIRIT TELECOM LTD 0.28 71.65 126.48M
A3D AURORA LABS LTD 0.12 71.56 14.07M
TTI TRAFFIC TECHNOLOGIES LTD 0.02 71.55 9.64M
TOE TORO ENERGY LTD 0.01 71.4 35.70M
RSH RESPIRI LTD 0.14 71.37 71.69M
VIP VIP GLOVES LTD 0.08 71.34 59.65M
POD PODIUM MINERALS LTD 0.04 71.03 10.60M
ANP ANTISENSE THERAPEUTICS LTD 0.1 70.99 51.34M
TYM TYMLEZ GROUP LTD 0.13 70.96 33.39M
CLB CANDY CLUB HOLDINGS LTD 0.14 70.57 33.06M
LON LONGTABLE GROUP LTD 0.23 70.36 48.71M
COS COSOL LTD 0.64 70.3 77.14M
RNE RENU ENERGY LTD 0.03 70.28 3.14M
EFE EASTERN IRON LTD 0.01 70.27 2.47M
FML FOCUS MINERALS LTD 0.3 70.27 54.82M
WSP WHISPIR LTD 3.26 70.19 337.46M

A total of 79 stocks made the cut this week with an RSI reading above 70. Things have cooled off from last week, when we only included companies with an RSI of 75 or above to prevent the list from climbing above 200.

Topping the list this week was geospatial analytics company Pointerra (ASX:3DP), thanks to the addition of a big name on the share registry.

The company recorded a red-hot reading of 93.32, after ripping higher on Tuesday following news of a $2.5m placement to billionaire tech investor Bevan Slattery.

After typically being populated by resources stocks (mainly gold) in recent weeks, the top of this week’s list saw some more science and tech names moving into the mix including Anteotech (ASX:ADO) and Vault Intelligence (VLT).

Running Cold

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, July 17:

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

 

Conversely to the Running Hot list, maintaining the cutoff for stocks running cold at an RSI of 30 below would’ve resulted in a list of just 12 stocks — so we bumped it up to 35.

The revised limit resulted in a total of 44 companies on the list, including a number of pot stocks as the sector continues to struggle for traction with Aussie investors following the 2019 cannabis bear market.