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 21:

Scroll or swipe to reveal table. Click headings to sort.

Code Name Price 2 Week RSI Market Cap
SHK STONE RESOURCES AUSTRALIA LT 0.02 88.42 20.07M
ENX ENEGEX LTD 0.05 87.73 6.33M
SRK STRIKE RESOURCES LTD 0.12 87.03 23.82M
ENE ENEVIS LTD 0.08 85.55 7.99M
FRX FLEXIROAM LTD 0.03 84.34 18.31M
JRL JINDALEE RESOURCES LTD 0.52 83.63 20.21M
FID FIDUCIAN GROUP LTD 6.18 83.52 194.32M
TGA THORN GROUP LTD 0.19 83.5 59.63M
ASQ AUSTRALIAN SILICA QUARTZ GRP 0.07 83.27 15.87M
CRO CIRRALTO LTD 0.03 83.17 42.33M
ICN ICON ENERGY LIMITED 0.02 82.97 12.55M
AV1 ADVERITAS LTD 0.13 82.24 40.05M
NTD NATIONAL TYRE & WHEEL LTD 0.6 81.64 65.10M
FEX FENIX RESOURCES LTD 0.17 81.46 47.15M
APC AUSTRALIAN POTASH LTD 0.1 80.97 47.68M
OCC ORTHOCELL LTD 0.44 80.48 85.00M
OAR OAKDALERESOURCES LTD 0.01 80.47 10.06M
ICT ICOLLEGE LTD 0.07 80.34 32.65M
TGG TEMPLETON GLOBAL GROWTH FUND 1.23 80.29 271.30M
3PL 3P LEARNING LTD 1.34 80.13 186.91M
FHS FREEHILL MINING LTD 0.09 80.07 130.51M
FIJ FIJI KAVA LTD 0.25 80 26.71M
ST1 SPIRIT TELECOM LTD 0.4 79.8 188.56M
CLX CTI LOGISTICS LTD 0.6 79.18 46.63M
CAZ CAZALY RESOURCES LTD 0.05 79.12 18.30M
TEK THORNEY TECHNOLOGIES LTD 0.3 78.84 77.19M
SMC STRATEGIC MINERALS CORP NL 0.65 78.81 62.73M
IYLD ISHARES YIELD PLUS ETF 101.08 78.73 10.11M
SRH SAFEROADS HOLDINGS LTD 0.28 78.7 10.19M
1AG ALTERRA LTD 0.06 78.67 9.80M
SWM SEVEN WEST MEDIA LTD 0.15 78.36 215.32M
KZA KAZIA THERAPEUTICS LTD 0.98 78.35 105.95M
RDC REDCAPE HOTEL GROUP 0.84 78.33 463.84M
MXI MAXITRANS INDUSTRIES LTD 0.2 78.25 37.02M
NTU NORTHERN MINERALS LTD 0.04 77.86 143.64M
DCL DOMACOM LTD 0.08 77.77 19.61M
FOR FORAGER AUSTRALIAN SHARES FD 1 77.64 113.84M
BYE BYRON ENERGY LTD 0.24 77.53 244.47M
ECL EXCELSIOR CAPITAL LTD 1.55 77.34 46.25M
GRV GREENVALE MINING LTD 0.05 76.86 13.27M
FUN FUNTASTIC LTD 0.03 76.84 7.21M
PFT PURE FOODS TASMANIA LTD 0.65 76.71 31.13M
PWL POWERWRAP LTD 0.34 76.49 69.98M
ACQ ACORN CAPITAL INVESTMENT FUN 1.16 76.42 62.20M
NTI NEUROTECH INTERNATIONAL LTD 0.02 76.41 3.96M
BKY BERKELEY ENERGIA LTD 0.81 76.28 213.35M
KPG KELLY PARTNERS GROUP HOLDING 1.2 76.24 49.94M
SDV SCIDEV LTD 0.82 76.07 130.50M
ORN ORION MINERALS LTD 0.03 76.07 97.37M
ANR ANATARA LIFESCIENCES LTD 0.24 76.07 11.97M
E2M E2 METALS LTD 0.23 75.86 32.80M
WKT WALKABOUT RESOURCES LTD 0.23 75.83 75.06M
ACB A-CAP ENERGY LTD 0.03 75.62 21.80M
UUL ULTIMA UNITED LTD 0.22 75.51 6.45M
PPS PRAEMIUM LTD 0.54 75.5 222.73M
OGA OCEAN GROWN ABALONE LTD 0.12 75.48 26.10M
BCI BCI MINERALS LTD 0.22 75.43 87.76M
PM8 PENSANA RARE EARTHS PLC-CDI 0.74 75.39 136.50M
MVF MONASH IVF GROUP LTD 0.63 75.27 247.42M
BRN BRAINCHIP HOLDINGS LTD 0.26 75.16 374.23M

The Running Hot list continues to be just that (hot), as a steady stream of ASX small caps post two-week RSI readings above 70.

Last week there were 91 companies, down slightly from 105 in the week prior, and this week the list was so well populated that Stockhead’s data team reimposed a new cutoff — only including stocks with an RSI of 75 or over.

Even with the stricter criteria, 60 companies still made the list which was headed up by gold explorer Stone Resources (ASX:SHK), which has been undergoing a recapitalisation process in order to advance development of its Brightstar gold project near Laverton in WA’s Goldfields.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, August 21:

Scroll or swipe to reveal table. Click headings to sort.

Code Name Price 2 Week RSI Market Cap
PKD PARKD LTD 0.02 34.97 1.65M
RVS REVASUM INC-CDI 0.28 34.65 22.06M
TNR TORIAN RESOURCES LTD 0.01 34.38 10.97M
ELO ELMO SOFTWARE LTD 5.71 34.15 488.27M
LGP LITTLE GREEN PHARMA LTD 0.31 34.13 41.43M
ANO ADVANCE NANOTEK LTD 3.38 33.94 200.89M
SKY SKY METALS LTD 0.12 33.83 36.59M
PGL PROSPA GROUP LTD 0.70 33.82 113.30M
PO3 PURIFLOH LTD 2.00 33.38 66.20M
JAT JATCORP LTD 0.03 33.16 27.55M
PIN PINCHME.COM INC-CDI 0.03 32.95 4.81M
MCM MC MINING LTD 0.09 32.65 13.74M
QIP QANTM INTELLECTUAL PROPERTY 1.09 32.38 146.39M
NUC NUCHEV LTD 2.21 32.1 110.56M
NEW NEW ENERGY SOLAR LTD 0.87 31.99 309.08M
EYE NOVA EYE MEDICAL LTD 0.31 31.99 44.52M
SST STEAMSHIPS TRADING COMPANY 9.60 31.29 297.68M
LPE LOCALITY PLANNING ENERGY 0.23 31.01 14.93M
KFE KOGI IRON LTD 0.03 30.73 20.91M
AMB AMBITION GROUP LTD 0.02 30.34 1.48M
GSN GREAT SOUTHERN MINING LTD 0.13 30.28 49.09M
EBG EUMUNDI GROUP LTD 0.80 30.02 33.03M
MRM MMA OFFSHORE LTD 0.05 29.14 45.36M
CAN CANN GROUP LTD 0.44 29.09 118.27M
CDP CARINDALE PROPERTY TRUST 2.90 29.07 197.40M
SIV SIV CAPITAL LTD 0.29 29.02 11.58M
TIA TIAN AN AUSTRALIA LTD 0.14 27.92 12.13M
FRM FARM PRIDE FOODS LTD 0.20 26.57 11.31M
ODM ODIN METALS LTD 0.02 25.82 6.23M
AEF AUSTRALIAN ETHICAL INVT LTD 4.11 25.71 468.65M
EGY ENERGY TECHNOLOGIES LTD 0.08 22.76 12.16M
MMI METRO MINING LTD 0.07 21.6 104.17M
BIR BIR FINANCIAL LTD 0.01 11.46 1.06M