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 31:

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

Code Name Price 2 Week RSI Market Cap
CTO CITIGOLD CORP LTD 0.02 89.97 52.02M
UUL ULTIMA UNITED LTD 0.22 89.3 6.45M
FML FOCUS MINERALS LTD 0.44 86.22 81.32M
AVA AVA RISK GROUP LTD 0.25 84.17 60.07M
PM1 PURE MINERALS LTD 0.02 84.07 13.82M
JRV JERVOIS MINING LTD 0.23 83.04 150.93M
GTE GREAT WESTERN EXPLORATION 0.17 81.14 19.42M
OZG OZGROWTH LTD 0.19 80.87 65.77M
NNT 99 TECHNOLOGY LTD 0.08 80.85 93.93M
SVL SILVER MINES LTD 0.21 80.66 222.23M
ADO ANTEOTECH LTD 0.04 80.49 72.44M
RMX RED MOUNTAIN MINING LTD 0.01 80.48 8.10M
WSP WHISPIR LTD 4.67 80.22 484.91M
BSX BLACKSTONE MINERALS LTD 0.35 80.07 88.73M
DEV DEVEX RESOURCES LTD 0.19 79.81 45.21M
ELS ELSIGHT LTD 0.44 79.54 52.44M
TMH MARKET HERALD LTD/THE 0.24 78.9 45.35M
FCT FIRSTWAVE CLOUD TECHNOLOGY 0.14 78.63 103.62M
SE1 SENSERA LTD 0.09 78.49 29.31M
VIP VIP GLOVES LTD 0.13 78.4 93.21M
GAL GALILEO MINING LTD 0.37 77.96 54.38M
BUD BUDDY TECHNOLOGIES LTD 0.03 77.94 67.32M
CHZ CHESSER RESOURCES LTD 0.23 77.87 83.82M
PFT PURE FOODS TASMANIA LTD 0.26 76.93 13.24M
ELT ELEMENTOS LTD 0.01 76.86 20.39M
SUH SOUTHERN HEMISPHERE MINING 0.03 76.56 3.98M
AUZ AUSTRALIAN MINES LTD 0.03 76.29 90.65M
SOP SYNERTEC CORP LTD 0.05 76.16 13.79M
AUR AURIS MINERALS LTD 0.09 76.14 35.15M
HWH HOUSTON WE HAVE LTD 0.04 76.03 11.52M
NAE NEW AGE EXPLORATION LTD 0.01 75.6 10.67M
VXR VENTUREX RESOURCES LTD 0.07 75.33 26.37M
BRN BRAINCHIP HOLDINGS LTD 0.17 75.23 244.38M
RMI RESOURCE MINING CORP LTD 0.01 75.23 3.56M
WIC WESTOZ INVESTMENT CO LTD 1.00 75.13 134.87M
CDV CARDINAL RESOURCES LTD 0.74 74.65 386.63M
SRI SIPA RESOURCES LTD 0.09 74.65 13.23M
AML AEON METALS LTD 0.16 74 105.02M
JDR JADAR RESOURCES LTD 0.03 73.87 14.70M
NWC NEW WORLD RESOURCES LTD 0.03 73.64 30.59M
MYL MYANMAR METALS LTD 0.08 73.6 146.79M
LMG LATROBE MAGNESIUM LTD 0.03 73.56 36.30M
POW PROTEAN ENERGY LTD 0.01 73.52 3.43M
KOV KORVEST LTD 4.71 73.44 53.28M
BLG BLUGLASS LTD 0.09 73.22 91.76M
IMA IMAGE RESOURCES NL 0.19 73.2 191.29M
RDM RED METAL LTD 0.16 73.1 39.29M
ITG INTEGA GROUP LTD 0.32 72.92 144.71M
LVH LIVEHIRE LTD 0.25 72.92 75.73M
AQD AUSQUEST LTD 0.03 72.85 18.29M
RVR RED RIVER RESOURCES LTD 0.12 72.83 59.37M
DXB DIMERIX LTD 0.45 72.71 92.94M
ACS ACCENT RESOURCES NL 0.01 72.66 2.17M
EM1 EMERGE GAMING LTD 0.03 72.63 21.03M
ARL ARDEA RESOURCES LTD 0.52 72.5 61.00M
CTE CRYOSITE LTD 0.19 72.39 8.90M
HAW HAWTHORN RESOURCES LTD 0.18 72.36 60.03M
EAX ENERGY ACTION LTD 0.25 72.33 6.36M
BCI BCI MINERALS LTD 0.19 72.19 75.80M
CNB CARNABY RESOURCES LTD 0.17 72.13 16.14M
FFR FIREFLY RESOURCES LTD 0.09 71.89 8.98M
ADA ADACEL TECHNOLOGIES LTD 0.58 71.85 45.10M
EXR ELIXIR ENERGY LTD 0.06 71.64 51.01M
RGS REGENEUS LTD 0.1 71.61 29.17M
5GN 5G NETWORKS LTD/AUSTRALIA 1.77 71.43 162.15M
SER STRATEGIC ENERGY RESOURCES 0.01 71.32 10.69M
GLA GLADIATOR RESOURCES LTD 0 71.3 3.00M
3DP POINTERRA LTD 0.17 71.29 122.97M
ADT ADRIATIC METALS PLC-CDI 1.86 71.24 356.26M
ERX EXORE RESOURCES LTD 0.11 71.1 67.78M
PMY PACIFICO MINERALS LTD 0.02 70.83 46.21M
TSO TESORO RESOURCES LTD 0.14 70.76 64.30M
MSL MSL SOLUTIONS LTD. 0.09 70.71 27.39M
SRG SRG GLOBAL LTD 0.31 70.67 135.97M
AUT AUTECO MINERALS LTD 0.19 70.64 289.93M
ARD ARGENT MINERALS LTD 0.05 70.58 37.88M
ABV ADVANCED BRAKING TECHNOLOGY 0.04 70.55 14.41M
VMS VENTURE MINERALS LTD 0.04 70.5 30.81M
TRL TANGA RESOURCES LTD 0.04 70.47 4.92M
AME ALTO METALS LTD 0.09 70.37 27.50M
RND RAND MINING LTD 2.38 70.25 143.15M
BPP BABYLON PUMP & POWER LTD 0.03 70.23 20.93M
KAR KAROON ENERGY LTD 0.73 70.21 403.91M
RXM REX MINERALS LTD 0.22 70.17 65.03M
XST XSTATE RESOURCES LTD 0 70.16 4.35M
ARS ALT RESOURCES LTD 0.05 70.15 30.48M
OXX OCTANEX LTD 0.01 70.01 3.55M
EZL EUROZ LTD 1.18 70 191.77M

This week’s Running Hot list shows that while stock prices appear to have completely dislocated from the real economy, sentiment remains bullish for now.

The list of ASX small caps with a two-week RSI above 70 remains well populated, with 88 stocks making the cut as markets digested the first round of quarterly trading updates.

Perhaps not surprisingly (with gold testing $US2,000oz), a gold miner topped the list as minnow explorer Citigold Corp (ASX:CTO) climbed from half a cent to 1.8c after releasing its quarterly activity reports on Wednesday.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, July 31:

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

Code Name Price 2 Week RSI Market Cap
BHL BOYUAN HOLDINGS LTD 0.08 29.64 27.45M
PKD PARKD LTD 0.02 29.52 1.50M
EYE NOVA EYE MEDICAL LTD 0.34 29.29 48.11M
SKY SKY METALS LTD 0.15 29.26 44.21M
AFA ASF GROUP LTD 0.06 28.95 47.58M
PRM PROMINENCE ENERGY LTD 0.01 27.21 1.48M
SMR STANMORE COAL LTD 0.63 26.46 167.65M
IXC INVEX THERAPEUTICS LTD 0.94 25.92 70.64M
AMB AMBITION GROUP LTD 0.02 25.31 1.28M
1AL ONEALL INTERNATIONAL LTD 0.2 23.7 26.00M
CAN CANN GROUP LTD 0.47 22.69 91.69M
BLY BOART LONGYEAR LTD 0.35 22.01 30.76M
AVR ANTERIS TECHNOLOGIES LTD 3.45 17.28 20.39M
EGY ENERGY TECHNOLOGIES LTD 0.08 16.8 12.16M
BIR BIR FINANCIAL LTD 0.02 8.53 1.30M