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 |