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 |