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 |