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 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
A total of 91 stocks posted a two-week RSI reading above 70 over the past fortnight. That’s down slightly from last week’s total of 105, but the list remains very well populated as market conditions stay bullish.
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.
Running Cold
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 |