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 14:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price | 2 Week RSI | Market Cap |
---|---|---|---|---|
EVE | EVE INVESTMENTS LTD | 0.01 | 92.86 | 37.26M |
JRV | JERVOIS MINING LTD | 0.32 | 86.89 | 218.37M |
FEX | FENIX RESOURCES LTD | 0.15 | 86.89 | 41.44M |
PFT | PURE FOODS TASMANIA LTD | 0.5 | 86.63 | 23.04M |
EXR | ELIXIR ENERGY LTD | 0.12 | 85.3 | 82.72M |
TMH | MARKET HERALD LTD/THE | 0.29 | 84.71 | 54.80M |
CE1 | CALIMA ENERGY LTD | 0.01 | 83.95 | 19.51M |
IHR | INTELLIHR LTD | 0.22 | 83.58 | 45.83M |
FIJ | FIJI KAVA LTD | 0.13 | 83.53 | 13.87M |
NGI | NAVIGATOR GLOBAL INVESTMENTS | 1.78 | 82.45 | 312.95M |
TRY | TROY RESOURCES LTD | 0.13 | 81.69 | 82.17M |
SUP | SUPERIOR LAKE RESOURCES LTD | 0.17 | 81.65 | 27.53M |
WOA | WIDE OPEN AGRICULTURE LTD | 0.86 | 80.95 | 69.64M |
VMT | VMOTO LTD | 0.59 | 80.62 | 152.54M |
EBND | VANECK EMEG INC OPPO ACTIVE | 11.54 | 79.87 | 21.15M |
VN8 | VONEX LTD | 0.14 | 79.02 | 29.72M |
CNJ | CONICO LTD | 0.02 | 79.01 | 6.92M |
AR9 | ARCHTIS LTD | 0.43 | 78.87 | 75.01M |
CL1 | CLASS LTD | 1.99 | 78.77 | 247.97M |
FHS | FREEHILL MINING LTD | 0.07 | 78.69 | 108.05M |
GLB | GLOBE INTERNATIONAL LTD | 1.55 | 78.27 | 62.20M |
PKO | PEAKO LTD | 0.03 | 78.14 | 3.74M |
AL3 | AML3D LTD | 0.31 | 78.05 | 42.36M |
VML | VITAL METALS LTD | 0.02 | 78.03 | 38.57M |
CDX | CARDIEX LTD | 0.05 | 77.96 | 41.89M |
AQI | ALICANTO MINERALS LTD | 0.17 | 77.4 | 36.74M |
IKO | ISHARES MSCI SOUTH KOREA ETF | 93.6 | 77.24 | 94.58M |
ARR | AMERICAN RARE EARTHS LTD | 0.04 | 77.22 | 12.51M |
BCI | BCI MINERALS LTD | 0.22 | 77.01 | 85.77M |
IYLD | ISHARES YIELD PLUS ETF | 101 | 76.89 | 10.10M |
LOT | LOTUS RESOURCES LTD | 0.11 | 76.86 | 74.64M |
AFL | AF LEGAL GROUP | 0.3 | 76.64 | 18.03M |
KNO | KNOSYS LTD | 0.1 | 76.1 | 14.73M |
ACQ | ACORN CAPITAL INVESTMENT FUN | 1.12 | 76.06 | 59.66M |
ADT | ADRIATIC METALS PLC-CDI | 2.54 | 75.95 | 462.95M |
JDR | JADAR RESOURCES LTD | 0.04 | 75.65 | 22.66M |
PEK | PEAK RESOURCES LTD | 0.04 | 75.42 | 63.50M |
SFX | SHEFFIELD RESOURCES LTD | 0.28 | 74.85 | 98.63M |
SGH | SLATER & GORDON LTD | 0.92 | 74.68 | 126.66M |
AMO | AMBERTECH LTD | 0.09 | 74.66 | 7.57M |
NXE | NEW ENERGY MINERALS LTD | 0.02 | 74.59 | 2.74M |
WMI | WAM MICROCAP LTD | 1.53 | 74.56 | 241.56M |
PPC | PEET LTD | 1 | 74.35 | 483.30M |
ARX | AROA BIOSURGERY LTD | 1.39 | 74.32 | 418.60M |
STX | STRIKE ENERGY LTD | 0.24 | 74.24 | 412.90M |
CPH | CRESO PHARMA LTD | 0.05 | 73.96 | 16.49M |
SOP | SYNERTEC CORP LTD | 0.06 | 73.9 | 16.85M |
VOR | VORTIV LTD | 0.31 | 73.68 | 43.93M |
GED | GOLDEN DEEPS LTD | 0.02 | 73.6 | 6.66M |
SHK | STONE RESOURCES AUSTRALIA LT | 0.01 | 73.51 | 9.20M |
KAR | KAROON ENERGY LTD | 0.82 | 73.44 | 453.70M |
AV1 | ADVERITAS LTD | 0.1 | 73.41 | 33.64M |
HMD | HERAMED LTD | 0.12 | 73.41 | 18.41M |
ST1 | SPIRIT TELECOM LTD | 0.37 | 73.4 | 165.57M |
SFG | SEAFARMS GROUP LTD | 0.07 | 73.22 | 159.87M |
AJM | ALTURA MINING LTD | 0.07 | 73.12 | 209.04M |
VBS | VECTUS BIOSYSTEMS LTD | 0.85 | 73.02 | 20.11M |
RUL | RPMGLOBAL HOLDINGS LTD | 1.17 | 72.96 | 258.22M |
RAG | RAGNAR METALS LTD | 0.01 | 72.88 | 3.60M |
JRL | JINDALEE RESOURCES LTD | 0.41 | 72.82 | 15.93M |
EGN | ENGENCO LTD | 0.53 | 72.79 | 166.09M |
NWC | NEW WORLD RESOURCES LTD | 0.04 | 72.76 | 41.31M |
HWH | HOUSTON WE HAVE LTD | 0.06 | 72.71 | 15.97M |
ACU | ACUMENTIS GROUP LTD | 0.13 | 72.69 | 20.24M |
AVC | AUCTUS INVESTMENT GROUP LTD | 0.44 | 72.67 | 20.59M |
EGI | ELLERSTON GLOBAL INVESTMENTS | 1.13 | 72.65 | 124.97M |
ONT | 1300 SMILES LTD | 6.48 | 72.59 | 153.44M |
LVH | LIVEHIRE LTD | 0.36 | 72.39 | 107.72M |
CLB | CANDY CLUB HOLDINGS LTD | 0.17 | 72.37 | 45.26M |
EAX | ENERGY ACTION LTD | 0.25 | 72.33 | 6.36M |
EM2 | EAGLE MOUNTAIN MINING LTD | 0.23 | 72.3 | 32.66M |
3DP | POINTERRA LTD | 0.25 | 72.24 | 163.46M |
RMX | RED MOUNTAIN MINING LTD | 0.01 | 72.19 | 8.10M |
RNT | RENT.COM.AU LTD | 0.05 | 72.15 | 13.92M |
PXS | PHARMAXIS LTD | 0.1 | 72.13 | 41.50M |
AOU | AUROCH MINERALS LTD | 0.09 | 71.99 | 16.97M |
RGS | REGENEUS LTD | 0.15 | 71.85 | 40.28M |
SES | SECOS GROUP LTD | 0.15 | 71.71 | 61.95M |
PM8 | PENSANA RARE EARTHS PLC-CDI | 0.64 | 71.58 | 119.55M |
TAO | TAO COMMODITIES LTD | 0.12 | 71.54 | 3.61M |
ACS | ACCENT RESOURCES NL | 0.01 | 71.45 | 2.17M |
FOOD | BETASHARES GLB AGRI COMPANIE | 5.43 | 71.32 | 18.55M |
XF1 | XREF LTD | 0.19 | 71.14 | 34.34M |
TWD | TAMAWOOD LTD | 3.2 | 71.12 | 88.42M |
RDG | RESOURCE DEVELOPMENT GROUP L | 0.06 | 71.04 | 146.75M |
GLA | GLADIATOR RESOURCES LTD | 0 | 70.94 | 4.00M |
KOV | KORVEST LTD | 4.95 | 70.94 | 55.99M |
TAR | TARUGA MINERALS LTD | 0.06 | 70.88 | 23.04M |
ELS | ELSIGHT LTD | 0.62 | 70.88 | 65.28M |
OXX | OCTANEX LTD | 0.01 | 70.48 | 3.55M |
HSC | HSC TECHNOLOGY GROUP LTD | 0.01 | 70.16 | 21.78M |
Among the winners was small-cap food & agriculture play EVE Investments (ASX:EVE), which jumped sharply with big trading volumes on Thursday.
The company announced it had received another purchase order from China for 21,120 units of its organic honey product, after its current shipment sold out prior to arrival in Shanghai.
Here’s a summary of the stocks that were running cold for the two weeks ended Friday, August 14:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price | 2 Week RSI | Market Cap |
---|---|---|---|---|
EYE | NOVA EYE MEDICAL LTD | 0.31 | 29.62 | 44.52M |
AIV | ACTIVEX LTD | 0.08 | 28.7 | 14.18M |
PO3 | PURIFLOH LTD | 2 | 28.7 | 63.36M |
ODM | ODIN METALS LTD | 0.03 | 28.47 | 6.75M |
FRM | FARM PRIDE FOODS LTD | 0.23 | 27.82 | 12.69M |
CAQ | CAQ HOLDINGS LTD | 0.01 | 27.75 | 5.02M |
URF | US MASTERS RESIDENTIAL PROPE | 0.25 | 27.34 | 89.55M |
MRM | MMA OFFSHORE LTD | 0.05 | 26.8 | 45.36M |
MFD | MAYFIELD CHILDCARE LTD | 0.65 | 25.8 | 20.69M |
AEF | AUSTRALIAN ETHICAL INVT LTD | 4.45 | 25.36 | 494.50M |
EGY | ENERGY TECHNOLOGIES LTD | 0.08 | 21.21 | 12.31M |
NEW | NEW ENERGY SOLAR LTD | 0.85 | 15.88 | 289.74M |
BIR | BIR FINANCIAL LTD | 0.01 | 9.57 | 975.00k |