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, 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
The Relative Strength Index index picked up microcap stock Cycliq Group (ASX:CYQ) at the top of the list with a reading of 96.65.
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.
Running Cold
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 |