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 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.

Here’s this week’s list:

 

Running Hot

The pointy end of this week’s hot-money list was populated by a number of tech stocks, amid a mix of takeover offers and positive market updates.

Some recent selloffs among some marquee names in the sector — most notably Wisetech Global (ASX:WTC) — have created a discussion point among analysts and investors as to whether valuations in the space have run too far in advance of earnings fundamentals.

But this week’s RSI list indicates there’s still plenty of interest in the space. Among the leaders was IT services company CSG Limited (ASX:CSV), which surged on the back of a takeover offer from Fuji Xerox which valued the company at a 35 per cent premium to its previous closing share price.

Health-tech platform Konekt Ltd (ASX:KKT) also continued to run hot after entering into a scheme implementation deed to be acquired by Advanced Personnel Management earlier this month.

And RPM Global (ASX:RUL), which provides enterprise software product and advisory services to mining companies, also jumped towards the top of the hot-money tables after another strong week of gains. Shares in RUL are now up more than 20 per cent since the start of October.

Topping this week’s list was Novita Healthcare (ASX:NHL), which surged after getting a positive update from US regulators regarding its TALi Detect program — a treatment for attention-deficit disorder in children.

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, October 25:

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

Code Name Price ($) 14-day RSI Market Cap
NHL NOVITA HEALTHCARE LTD 0.05 86.04 17.53M
CSV CSG LTD 0.3 84.01 135.90M
KKT KONEKT LTD 0.49 83.37 51.84M
RUL RPMGLOBAL HOLDINGS LTD 0.9 82.33 192.76M
MAG MAGMATIC RESOURCES LTD 0.14 82 17.36M
WSP WHISPIR LTD 1.92 81.3 205.83M
ICS ICSGLOBAL LTD 1.54 80.79 16.35M
HIP HIPO RESOURCES LTD 0.02 80.1 6.57M
AEF AUSTRALIAN ETHICAL INVT LTD 2.82 79.08 299.29M
EOL ENERGY ONE LTD 2.6 78.79 56.89M
TRS REJECT SHOP LTD/THE 2.4 77.86 67.65M
PYC PHYLOGICA LTD 0.07 77.81 166.11M
GCM GARDA CAPITAL GROUP 2.33 77.59 62.28M
VVA VIVA LEISURE LTD 2.59 77.31 134.13M
OSL ONCOSIL MEDICAL LTD 0.11 77.08 70.95M
CL1 CLASS LTD 1.74 76.56 201.79M
TDL TBG DIAGNOSTICS LTD 0.05 76.24 10.88M
BRI BIG RIVER INDUSTRIES LTD 1.26 75.99 79.02M
CXZ CONNEXION TELEMATICS LTD 0.03 75.88 25.50M
QHL QUICKSTEP HOLDINGS LTD 0.15 75.34 106.55M
ENR ENCOUNTER RESOURCES LTD 0.21 74.6 56.16M
VEN VINTAGE ENERGY LTD 0.19 74.3 49.32M
CCV CASH CONVERTERS INTL LTD 0.2 74.23 120.21M
DNA DONACO INTL LTD 0.09 73.97 72.48M
SDI SDI LTD 0.9 73.38 106.98M
QGL QUANTUM GRAPHITE LTD 0 73.27 22.98M
MOC MORTGAGE CHOICE LTD 1.52 73.17 191.25M
RYD RYDER CAPITAL LTD 1.5 73.17 75.42M
OVL ORO VERDE LTD 0.01 73.1 26.03M
VN8 VONEX LTD 0.13 73.01 19.41M
SPT SPLITIT PAYMENTS LTD 0.95 72.81 275.24M
MVP MEDICAL DEVELOPMENTS INTERNA 5.69 72.54 377.24M
MHJ MICHAEL HILL INTERNATIONAL L 0.68 72.34 267.56M
DLC DELECTA LTD 0.01 72.28 5.57M
CEL CHALLENGER EXPLORATION LTD 0.05 71.81 23.44M
OCL OBJECTIVE CORPORATION LTD 4.45 71.58 418.40M
OMN ONEMARKET LTD 0.96 71.54 100.81M
WJA WAMEJA LTD 0.14 71.35 157.41M
AIB AURORA GLOBAL INCOME TRUST 0.14 71.25 1.03M
CRM CARBON MINERALS LTD 0.17 71.23 3.20M
INR IONEER LTD 0.22 71.19 325.05M
REIT VAN VECT FTSE INTL PROP HD E 21.36 70.88 2.34M
RBL REDBUBBLE LTD 1.68 70.49 445.75M
ICQ ICAR ASIA LTD 0.32 70.39 137.94M
KCN KINGSGATE CONSOLIDATED LTD 0.46 70.1 105.20M
KTA KRAKATOA RESOURCES LTD 0.05 70.07 8.09M
TNK THINK CHILDCARE LTD 1.49 70.06 89.47M

 

Running cold

On the cooler side of the ledger, there were plenty of pot stocks in this week’s cold-money list, as investors continue to step back from the sector while companies try and validate their business models.

And 3D-printing company Titomic (ASX:TTT) continued to slump towards the bottom of the list, after a sharp selloff in October.

The stock started the month above $1.60 but it has now fallen below $1 on high trading volumes, prompting a price-query from the ASX last Thursday.

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, October 25:

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

Code Name Price ($) 14-day RSI Market Cap
CLA CELSIUS RESOURCES LTD 0.01 29.98 9.84M
NXE NEW ENERGY MINERALS LTD 0.02 29.96 2.45M
ORN ORION MINERALS LTD 0.02 29.72 56.88M
N1H N1 HOLDINGS LTD 0.04 29.45 3.34M
IGN IGNITE LTD 0.03 29.44 2.33M
MWR MGM WIRELESS LTD 3.34 29.32 47.20M
MRG MURRAY RIVER ORGANICS GROUP 0.07 29.22 29.06M
CPV CLEARVUE TECHNOLOGIES LTD 0.12 29.19 12.78M
BEL BENTLEY CAPITAL LTD 0.05 29.14 6.47M
TIG TIGERS REALM COAL LTD 0.02 29.07 43.00M
AJM ALTURA MINING LTD 0.06 29.07 132.55M
KAI KAIROS MINERALS LTD 0.01 28.8 9.84M
WWG WISEWAY GROUP LTD 0.17 28.69 23.15M
MZZ MATADOR MINING LIMITED 0.18 28.32 17.80M
MOY MILLENNIUM MINERALS LTD 0.06 28.23 51.71M
GO2 GO2 PEOPLE LTD/THE 0.02 28.11 2.36M
JPR JUPITER ENERGY LTD 0.01 27.97 1.07M
AJX ALEXIUM INTERNATIONAL GROUP 0.1 27.44 36.49M
LHM LAND & HOMES GROUP LTD 0.01 27.24 9.44M
AEE AURA ENERGY LTD 0.005 27.14 6.58M
SMR STANMORE COAL LTD 1.02 27.11 261.22M
DTS DRAGONTAIL SYSTEMS LTD 0.12 26.75 29.87M
TZN TERRAMIN AUSTRALIA LTD 0.05 26.56 89.74M
XAM XANADU MINES LTD 0.04 26.14 27.09M
OSP OSPREY MEDICAL INC-CDI 0.04 26.12 16.41M
CSE COPPER STRIKE LTD 0.04 25.77 3.74M
ESE ESENSE-LAB LTD-CDI 0.01 25.54 2.66M
BIQ BUILDINGIQ INC-CDI 0.02 25.54 6.38M
LIT LITHIUM AUSTRALIA NL 0.04 25.48 21.37M
GLB GLOBE INTERNATIONAL LTD 1.21 25.33 50.17M
TMG TRIGG MINING LTD 0.1 25.1 5.80M
KAS KASBAH RESOURCES LTD 0.03 24.81 4.00M
VMY VIMY RESOURCES LTD 0.05 24.21 29.38M
LHB LIONHUB GROUP LTD 0.003 24.2 2.48M
TGO TRIMANTIUM GROWTHOPS LTD 0.15 24.06 20.84M
CCE CARNEGIE CLEAN ENERGY LTD 0.0015 23.92 11.14M
AFA ASF GROUP LTD 0.06 23.45 51.54M
LVE LOVE GROUP GLOBAL LTD 0.06 23.24 2.63M
KSC K & S CORP LTD 1.64 23.21 209.37M
BOT BOTANIX PHARMACEUTICALS LTD 0.11 23.18 106.10M
MWY MIDWAY LTD 1.87 22.83 163.32M
EXL ELIXINOL GLOBAL LTD 1.51 21.49 208.22M
HRR HERON RESOURCES LTD 0.17 20.48 65.99M
TEG TRIANGLE ENERGY GLOBAL LTD 0.05 19.94 17.68M
CAN CANN GROUP LTD 1.01 19.64 143.29M
AGH ALTHEA GROUP HOLDINGS LTD 0.38 19.17 88.66M
8VI 8VIC HOLDINGS LTD 0.15 17.39 6.08M
CPH CRESO PHARMA LTD 0.2 17.24 30.31M
MHI MERCHANT HOUSE INTL LTD 0.06 16.97 6.13M
SST STEAMSHIPS TRADING COMPANY 13 15.6 403.11M