Hot Money Monday: These are the most in-demand stocks on the ASX right now
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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.
Here’s a summary of the stocks that were running hot for the two weeks ended Friday, August 7:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price | 2 Week RSI | Market Cap |
---|---|---|---|---|
CYQ | CYCLIQ GROUP LTD | 0.002 | 96.65 | 3.75M |
UUL | ULTIMA UNITED LTD | 0.19 | 90.62 | 6.45M |
LVH | LIVEHIRE LTD | 0.38 | 90.2 | 121.17M |
IHR | INTELLIHR LTD | 0.18 | 89.35 | 36.75M |
CRS | CAPRICE RESOURCES LTD/AUSTRA | 0.39 | 85.8 | 12.94M |
BUD | BUDDY TECHNOLOGIES LTD | 0.04 | 85.5 | 90.63M |
RVR | RED RIVER RESOURCES LTD | 0.14 | 85.28 | 74.85M |
VIP | VIP GLOVES LTD | 0.18 | 84.47 | 130.49M |
BCI | BCI MINERALS LTD | 0.22 | 84.4 | 85.77M |
SVL | SILVER MINES LTD | 0.29 | 83.42 | 272.73M |
AR9 | ARCHTIS LTD | 0.41 | 82.93 | 60.49M |
CCG | COMMSCHOICE GROUP LTD | 0.10 | 82.55 | 19.14M |
MML | MEDUSA MINING LTD | 0.96 | 82.51 | 201.56M |
GTE | GREAT WESTERN EXPLORATION LT | 0.22 | 82.38 | 21.97M |
PFT | PURE FOODS TASMANIA LTD | 0.38 | 81.48 | 17.89M |
AEV | AVENIRA LTD | 0.02 | 81.13 | 10.57M |
MEI | METEORIC RESOURCES NL | 0.06 | 80.98 | 67.72M |
BSX | BLACKSTONE MINERALS LTD | 0.38 | 80.9 | 96.34M |
TMH | MARKET HERALD LTD/THE | 0.25 | 80.82 | 47.24M |
K2F | K2FLY LTD | 0.34 | 79.89 | 30.49M |
JDR | JADAR RESOURCES LTD | 0.04 | 79.84 | 21.53M |
PMY | PACIFICO MINERALS LTD | 0.03 | 79.69 | 63.54M |
STN | SATURN METALS LTD | 0.92 | 79.6 | 80.92M |
ESH | ESPORTS MOGUL LTD | 0.01 | 79.57 | 26.56M |
MHC | MANHATTAN CORP LTD | 0.04 | 79.04 | 46.42M |
CDX | CARDIEX LTD | 0.05 | 78.73 | 37.70M |
MKR | MANUKA RESOURCES LTD | 0.59 | 78.68 | 144.14M |
AIS | AERIS RESOURCES LTD | 0.06 | 77.9 | 110.52M |
ADO | ANTEOTECH LTD | 0.06 | 77.9 | 99.80M |
EMT | EMETALS LTD | 0.02 | 77.88 | 9.02M |
JRV | JERVOIS MINING LTD | 0.27 | 77.72 | 163.77M |
TSO | TESORO RESOURCES LTD | 0.19 | 77.66 | 83.35M |
ARS | ALT RESOURCES LTD | 0.05 | 77.43 | 33.28M |
SFX | SHEFFIELD RESOURCES LTD | 0.22 | 77.42 | 67.04M |
TRY | TROY RESOURCES LTD | 0.12 | 77.37 | 66.37M |
PM8 | PENSANA RARE EARTHS PLC-CDI | 0.53 | 77.26 | 104.49M |
MAU | MAGNETIC RESOURCES NL | 1.62 | 77.02 | 337.48M |
ELS | ELSIGHT LTD | 0.6 | 76.95 | 62.07M |
HT8 | HARRIS TECHNOLOGY GROUP LTD | 0.12 | 76.89 | 22.19M |
SCL | SCHROLE GROUP LTD | 0.03 | 76.57 | 28.63M |
SUH | SOUTHERN HEMISPHERE MINING | 0.03 | 76.56 | 3.98M |
NNT | 99 TECHNOLOGY LTD | 0.09 | 76.52 | 104.37M |
CNB | CARNABY RESOURCES LTD | 0.19 | 76.51 | 18.59M |
NXE | NEW ENERGY MINERALS LTD | 0.01 | 76.47 | 2.57M |
HWH | HOUSTON WE HAVE LTD | 0.05 | 76.43 | 14.66M |
ARV | ARTEMIS RESOURCES LTD | 0.1 | 76.38 | 111.68M |
BIQ | BUILDINGIQ INC-CDI | 0.01 | 76.16 | 3.74M |
IVR | INVESTIGATOR RESOURCES LTD | 0.05 | 76.15 | 47.37M |
AGS | ALLIANCE RESOURCES LTD | 0.23 | 75.89 | 42.79M |
SMX | SECURITY MATTERS LTD | 0.38 | 75.52 | 54.21M |
AAR | ANGLO AUSTRALIAN RESOURCES | 0.19 | 75.41 | 93.59M |
ACB | A-CAP ENERGY LTD | 0.02 | 75.4 | 16.57M |
LCL | LOS CERROS LTD | 0.09 | 75.34 | 27.12M |
TNT | TESSERENT LTD | 0.23 | 75.26 | 137.37M |
RMI | RESOURCE MINING CORP LTD | 0.01 | 75.23 | 3.56M |
FML | FOCUS MINERALS LTD | 0.45 | 75.22 | 80.41M |
ADT | ADRIATIC METALS PLC-CDI | 2.39 | 75.19 | 410.51M |
ARL | ARDEA RESOURCES LTD | 0.61 | 75.08 | 68.62M |
POS | POSEIDON NICKEL LTD | 0.05 | 74.93 | 118.92M |
AVZ | AVZ MINERALS LTD | 0.06 | 74.68 | 184.50M |
OZG | OZGROWTH LTD | 0.19 | 74.63 | 67.55M |
KAR | KAROON ENERGY LTD | 0.77 | 74.62 | 431.57M |
GLB | GLOBE INTERNATIONAL LTD | 1.42 | 73.98 | 58.88M |
AD1 | AD1 HOLDINGS LTD | 0.05 | 73.89 | 26.31M |
TGA | THORN GROUP LTD | 0.14 | 73.87 | 43.52M |
MBH | MAGGIE BEER HOLDINGS LTD | 0.29 | 73.83 | 63.22M |
E25 | ELEMENT 25 LTD | 0.57 | 73.25 | 65.64M |
AJM | ALTURA MINING LTD | 0.07 | 73.12 | 209.04M |
DCC | DIGITALX LTD | 0.04 | 73.04 | 24.23M |
RAG | RAGNAR METALS LTD | 0.01 | 72.88 | 3.60M |
DDD | 3D RESOURCES LTD | 0.004 | 72.7 | 14.95M |
SVD | SCANDIVANADIUM LTD | 0.04 | 72.67 | 17.97M |
ARU | ARAFURA RESOURCES LTD | 0.08 | 72.58 | 92.26M |
ARD | ARGENT MINERALS LTD | 0.06 | 72.41 | 43.30M |
EAX | ENERGY ACTION LTD | 0.25 | 72.33 | 6.36M |
AFL | AF LEGAL GROUP | 0.25 | 72.16 | 15.32M |
WKT | WALKABOUT RESOURCES LTD | 0.18 | 72.02 | 61.10M |
ONT | 1300 SMILES LTD | 6.05 | 71.93 | 143.96M |
PTR | PETRATHERM LTD | 0.17 | 71.88 | 31.01M |
NUH | NUHEARA LTD | 0.05 | 71.75 | 72.53M |
EGI | ELLERSTON GLOBAL INVESTMENTS | 1.13 | 71.66 | 124.42M |
AWV | ANOVA METALS LTD | 0.04 | 71.47 | 49.88M |
ACS | ACCENT RESOURCES NL | 0.01 | 71.45 | 2.17M |
TRL | TANGA RESOURCES LTD | 0.04 | 71.38 | 5.47M |
AL3 | AML3D LTD | 0.28 | 71.27 | 35.74M |
RLG | ROOLIFE GROUP LTD | 0.03 | 71.25 | 11.92M |
ST1 | SPIRIT TELECOM LTD | 0.34 | 71.22 | 147.17M |
NZS | NEW ZEALAND COASTAL SEAFOODS | 0.04 | 71.19 | 27.68M |
MYL | MYANMAR METALS LTD | 0.09 | 71.14 | 155.64M |
AVC | AUCTUS INVESTMENT GROUP LTD | 0.41 | 71.14 | 19.18M |
GLA | GLADIATOR RESOURCES LTD | 0.002 | 70.94 | 4.00M |
ADH | ADAIRS LTD | 2.79 | 70.93 | 461.58M |
AUT | AUTECO MINERALS LTD | 0.21 | 70.85 | 329.11M |
CNJ | CONICO LTD | 0.01 | 70.85 | 5.00M |
ICE | ICETANA LTD | 0.16 | 70.81 | 21.93M |
MRR | MINREX RESOURCES LTD | 0.03 | 70.75 | 6.00M |
NWC | NEW WORLD RESOURCES LTD | 0.03 | 70.57 | 29.60M |
CHZ | CHESSER RESOURCES LTD | 0.23 | 70.49 | 82.24M |
OXX | OCTANEX LTD | 0.01 | 70.48 | 3.55M |
TKL | TRAKA RESOURCES LTD | 0.03 | 70.4 | 13.36M |
ZEU | ZEUS RESOURCES LTD | 0.01 | 70.16 | 2.70M |
KGM | KALNORTH GOLD MINES LTD | 0.02 | 70.13 | 12.52M |
RXM | REX MINERALS LTD | 0.23 | 70.12 | 68.13M |
GPR | GEOPACIFIC RESOURCES LTD | 0.71 | 70.08 | 120.78M |
VMT | VMOTO LTD | 0.52 | 70.01 | 125.85M |
Cyliq, which makes dash-cams for bikes and has a market cap of less than $4m, ticked higher last Friday on the back of a June quarter trading update.
The company said it had reached cashflow break-even and reported strong pre-order demand for its latest product line, amid a pickup in bike demand during the COVID-19 crisis.
As a measure of market sentiment the Running Hot list continues to lean bullish, with another 105 stocks posting a two-week RSI above 70 — up from 88 last week.
Here’s a summary of the stocks that were running cold for the two weeks ended Friday, August 7:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price | 2 Week RSI | Market Cap |
---|---|---|---|---|
AMB | AMBITION GROUP LTD | 0.02 | 29.59 | 1.48M |
CDP | CARINDALE PROPERTY TRUST | 3.00 | 29.2 | 210.00M |
ANO | ADVANCE NANOTEK LTD | 3.5 | 29.19 | 203.87M |
MOZ | MOSAIC BRANDS LTD | 0.48 | 28.49 | 46.47M |
PFP | PROPEL FUNERAL PARTNERS LTD | 2.66 | 28.42 | 262.64M |
OFX | OFX GROUP LTD | 1.16 | 28.36 | 291.02M |
PRM | PROMINENCE ENERGY LTD | 0.01 | 28.04 | 1.26M |
JAT | JATCORP LTD | 0.03 | 27.98 | 27.55M |
TAP | TAP OIL LTD | 0.07 | 27.87 | 29.96M |
BLY | BOART LONGYEAR LTD | 0.35 | 26.82 | 30.76M |
CAQ | CAQ HOLDINGS LTD | 0.01 | 26.56 | 5.02M |
DCL | DOMACOM LTD | 0.03 | 26.25 | 7.35M |
PET | PHOSLOCK ENVIRONMENTAL TECHNOLOGIES | 0.20 | 25.92 | 121.88M |
MMI | METRO MINING LTD | 0.09 | 25.69 | 123.61M |
1AL | ONEALL INTERNATIONAL LTD | 0.20 | 23.7 | 26.00M |
CAN | CANN GROUP LTD | 0.46 | 22.69 | 88.79M |
SMR | STANMORE COAL LTD | 0.55 | 22.08 | 146.02M |
AVR | ANTERIS TECHNOLOGIES LTD | 3.25 | 20.86 | 18.74M |
EGY | ENERGY TECHNOLOGIES LTD | 0.08 | 16.51 | 11.86M |
BIR | BIR FINANCIAL LTD | 0.02 | 8.38 | 1.30M |