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
TNT TESSERENT LTD 0.18 89.77 99.87M
UUL ULTIMA UNITED LTD 0.22 89.3 6.45M
3DP POINTERRA LTD 0.17 89.04 126.01M
ELT ELEMENTOS LTD 0.01 88.82 20.39M
AZY ANTIPA MINERALS LTD 0.05 88.21 119.55M
TKL TRAKA RESOURCES LTD 0.03 87.58 14.02M
EXR ELIXIR ENERGY LTD 0.07 86.42 46.87M
RDG RESOURCE DEVELOPMENT GROUP L 0.06 86.27 144.22M
WSP WHISPIR LTD 4.63 86.22 492.18M
AZS AZURE MINERALS LTD 0.18 86.13 31.63M
YOJ YOJEE LTD 0.14 85.79 148.00M
MNS MAGNIS ENERGY TECHNOLOGIES L 0.24 83.96 113.05M
VLT VAULT INTELLIGENCE LTD 0.53 83.61 69.12M
IMU IMUGENE LTD 0.05 82.49 234.58M
CUE CUE ENERGY RESOURCES LTD 0.14 82.03 104.72M
DW8 DIGITAL WINE VENTURES LTD 0.04 81.82 50.41M
CDV CARDINAL RESOURCES LTD 0.73 81.7 384.00M
AQD AUSQUEST LTD 0.03 81.41 17.61M
GPR GEOPACIFIC RESOURCES LTD 0.67 81.36 115.53M
LOM LUCAPA DIAMOND CO LTD 0.08 81.29 45.51M
HT8 HARRIS TECHNOLOGY GROUP LTD 0.05 81.22 10.42M
NWC NEW WORLD RESOURCES LTD 0.02 80.94 24.67M
RSH RESPIRI LTD 0.14 80.54 97.93M
SES SECOS GROUP LTD 0.14 80 59.82M
IPT IMPACT MINERALS LTD 0.02 79.99 31.19M
TSO TESORO RESOURCES LTD 0.12 79.75 57.16M
NTD NATIONAL TYRE & WHEEL LTD 0.51 79.66 52.47M
FML FOCUS MINERALS LTD 0.37 79.12 66.70M
HE8 HELIOS ENERGY LTD 0.13 79 208.35M
CGS COGSTATE LTD 0.56 78.97 96.98M
KCN KINGSGATE CONSOLIDATED LTD 0.58 78.93 131.21M
PFG PRIME FINANCIAL GROUP LTD 0.08 78.86 15.63M
MRR MINREX RESOURCES LTD 0.03 78.7 5.17M
POD PODIUM MINERALS LTD 0.05 78.62 14.22M
SVL SILVER MINES LTD 0.17 78.37 176.77M
MEB MEDIBIO LTD 0.01 78.14 20.21M
8VI 8VIC HOLDINGS LTD 0.63 78.11 25.54M
RCL READCLOUD LTD 0.42 77.26 41.18M
8IH 8I HOLDINGS LTD-CDI 0.15 77.15 54.36M
ST1 SPIRIT TELECOM LTD 0.29 77.11 137.97M
SWK SWICK MINING SERVICES LTD 0.18 76.96 57.32M
DTM DART MINING NL 0.22 76.95 17.24M
BLZ BLAZE INTERNATIONAL LTD 0.04 76.94 11.81M
DTC DAMSTRA HOLDINGS LTD 1.73 76.56 241.30M
CZI CASSINI RESOURCES LTD 0.21 76.53 88.76M
SND SAUNDERS INTERNATIONAL LTD 0.61 76.52 63.36M
IVR INVESTIGATOR RESOURCES LTD 0.04 76.47 31.29M
AUR AURIS MINERALS LTD 0.08 76.07 33.10M
ARD ARGENT MINERALS LTD 0.05 75.61 34.97M
PAL PALLA PHARMA LTD 1 75.49 129.73M
MTC METALSTECH LTD 0.28 75.15 34.74M
MIR MIRRABOOKA INVESTMENTS LTD 2.69 75.11 433.72M

 

There were over 150 stocks with an RSI above 70 so we have used a cut-off of 75 to reduce that number to the 50 hottest stocks.

The stock with the highest RSI is cybersecurity play Tesserent (ASX:TNT).

There has been significant hype about the ASX’s cybersecurity sector in light of remote working and the Morrison government’s recent investment. But Tesserent released its quarterly last week and it was a hit with investors.

Geospatial analytics company Pointerra (ASX:3DP) has continued to run hot since Australian tech entrepreneur Bevan Slattery invested $2.5m in the company a fortnight ago.

In light of face masks becoming mandatory in Melbourne, one small cap in the face mask trade, Harris Technology Group (ASX:HT8), has run hot in recent days.

Digital Wine Ventures (ASX:DW8) is also on the list as more wine sellers turn to its ecommerce platform to reach locked down customers.

In the gold sector, one hot runner was microcap gold play Traka Resources (ASX:TKL), which secured 100 per cent of the gold rights over Galaxy Resources’ (ASX:GXY) Mt Cattlin lithium and tantalum project.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, July 24:

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

Code Name Price 2 Week RSI Market Cap
BLY BOART LONGYEAR LTD 0.39 29.99 34.28M
VOL VICTORY OFFICES LTD 0.29 29.97 23.72M
BHL BOYUAN HOLDINGS LTD 0.08 29.8 27.45M
PKD PARKD LTD 0.02 29.52 1.50M
CAG CAPE RANGE LTD 0.28 29.03 26.57M
AFA ASF GROUP LTD 0.06 29.03 47.58M
AGR AGUIA RESOURCES LTD 0.04 28.67 9.71M
EYE NOVA EYE MEDICAL LTD 0.31 26.72 45.23M
IXC INVEX THERAPEUTICS LTD 0.97 26.34 74.40M
AMB AMBITION GROUP LTD 0.02 25.83 1.35M
PIN PINCHME.COM INC-CDI 0.03 25.38 3.96M
SMR STANMORE COAL LTD 0.65 24.32 170.35M
1AL ONEALL INTERNATIONAL LTD 0.2 23.89 26.00M
CAN CANN GROUP LTD 0.48 19.69 72.88M
AVR ANTERIS TECHNOLOGIES LTD 3.75 16.73 21.57M
EGY ENERGY TECHNOLOGIES LTD 0.08 13.85 11.86M
BIR BIR FINANCIAL LTD 0.02 8.53 1.30M

 

This week there were only 17 stocks with an RSI below 30.

One was eye care stock Nova Eye Medical (ASX:EYE), which was previously known as Ellex.

The company sold its lasers and ultrasound business to European ophthalmology company Lumibird and is now focused on its iTrack procedure which treats mild to moderate glaucoma.

Last week the deal and return of capital took effect, resulting in the share price falling. Heavy selling activity followed.

Another on the running cold list is Victory Offices (ASX:VOL), which is one of the hardest hit by the rapid increase in working from home thanks to COVID-19.

While the company says it will emerge stronger than ever, it did have to raise $15 million last month and slash its casual workforce.