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 28:

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

 

With markets remaining buoyant, we maintained our elevated cutoff level this week to prevent the Running Hot list from getting too long.

A total of 52 companies registered a two-week RSI of 75 (above the standard 70), down slightly from last week’s tally of 60.

Topping the list this week was Enevis (ASX:ENE), which provides clean energy solutions for clients in commercial property and infrastructure.

Shares in Enevis, which has a market cap of around $11m, rose steadily from 5.5c to 11c over the two week period.

However, those moves weren’t based on any market-moving updates, with news flow quiet since the company announced the divestment of its lighting business on August 3.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, August 28:

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
EYE NOVA EYE MEDICAL LTD 0.31 34.86 44.52M
MOZ MOSAIC BRANDS LTD 0.49 34.82 46.95M
LPE LOCALITY PLANNING ENERGY HOL 0.24 34.79 14.93M
GSN GREAT SOUTHERN MINING LTD 0.12 34.73 49.09M
DCG DECMIL GROUP LTD 0.05 34.65 64.37M
THC THC GLOBAL GROUP LTD 0.24 34.64 41.56M
LGP LITTLE GREEN PHARMA LTD 0.29 34.58 39.46M
SMN STRUCTURAL MONITORING-CDI 0.46 34.58 54.99M
IS3 I SYNERGY GROUP LIMITED 0.08 34.44 13.75M
TLM TALISMAN MINING LTD 0.10 34.34 19.60M
ODM ODIN METALS LTD 0.03 34.29 6.49M
NEW NEW ENERGY SOLAR LTD 0.85 34.21 301.98M
PO3 PURIFLOH LTD 2.00 33.62 63.05M
TGN TUNGSTEN MINING NL 0.09 32.13 68.57M
EBG EUMUNDI GROUP LTD 0.80 31.93 33.23M
JAT JATCORP LTD 0.03 31.83 25.80M
FRM FARM PRIDE FOODS LTD 0.19 31.59 10.48M
SST STEAMSHIPS TRADING COMPANY 9.60 31.29 297.68M
TNR TORIAN RESOURCES LTD 0.01 29.88 10.24M
RVS REVASUM INC-CDI 0.23 29.71 18.52M
TIA TIAN AN AUSTRALIA LTD 0.14 29.46 12.56M
NUC NUCHEV LTD 2.11 29.46 108.73M
MMI METRO MINING LTD 0.07 29.18 102.08M
NUS NUSANTARA RESOURCES LTD 0.28 28.81 59.52M
CDP CARINDALE PROPERTY TRUST 2.72 28.76 190.40M
EGY ENERGY TECHNOLOGIES LTD 0.08 25.88 12.16M
OBJ OBJ LTD 0.17 25.21 24.17M
CAN CANN GROUP LTD 0.40 22.9 103.98M
MRM MMA OFFSHORE LTD 0.04 18.16 39.81M
BIR BIR FINANCIAL LTD 0.01 11.46 1.06M