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, September 4:

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

Code Name Price 2 Week RSI Market Cap
IAM INTIGER GROUP LTD 0.004 99.96 7.74M
ENE ENEVIS LTD 0.11 92.65 10.99M
CDV CARDINAL RESOURCES LTD 0.93 90.18 489.20M
FMS FLINDERS MINES LTD 0.06 87.24 278.60M
3DP POINTERRA LTD 0.46 85.12 331.65M
TPC TPC CONSOLIDATED LTD 1.6 85.01 17.98M
AL3 AML3D LTD 0.47 83.15 69.49M
SOM SOMNOMED LTD 1.79 82.79 162.21M
TLX TELIX PHARMACEUTICALS LTD 1.78 82.79 467.26M
CAV CARNAVALE RESOURCES LTD 0.01 82.39 20.74M
WBT WEEBIT NANO LTD 0.8 82.28 88.82M
CNB CARNABY RESOURCES LTD 0.35 82.25 37.17M
CAP CARPENTARIA RESOURCES LTD 0.05 82.2 14.03M
CUE CUE ENERGY RESOURCES LTD 0.16 82.14 122.17M
KAS KASBAH RESOURCES LTD 0.02 81.66 2.71M
GWR GWR GROUP LTD 0.22 81.59 54.76M
BYE BYRON ENERGY LTD 0.29 81.46 327.69M
CAF CENTREPOINT ALLIANCE LTD 0.17 81.26 23.81M
SMC STRATEGIC MINERALS CORP NL 0.7 81.18 67.56M
FE8 FASTER ENTERPRISES LTD 0.05 80.67 5.43M
CXL CALIX LTD 0.95 80.4 153.04M
OAR OAKDALERESOURCES LTD 0.01 80.36 22.40M
BPH BPH ENERGY LTD 0.05 80.24 26.62M
EXP EXPERIENCE CO LTD 0.19 80.21 105.60M
OPL OPYL LTD 0.23 80.03 8.49M
PPE PEOPLE INFRASTRUCTURE LTD 2.71 78.88 254.00M
BSE BASE RESOURCES LTD 0.29 78.5 359.29M
SUH SOUTHERN HEMISPHERE MINING 0.04 78.43 6.68M
DCL DOMACOM LTD 0.09 77.77 19.61M
MYR MYER HOLDINGS LTD 0.25 77.69 225.85M
HMD HERAMED LTD 0.17 77.64 27.25M
GTE GREAT WESTERN EXPLORATION LT 0.26 77.44 30.21M
AMS ATOMOS LTD 0.65 77.38 143.78M
RYD RYDER CAPITAL LTD 1.57 77.2 95.77M
BCI BCI MINERALS LTD 0.26 76.81 107.71M
JYC JOYCE CORP LTD 1.54 76.81 43.70M
PTB PTB GROUP LTD 0.74 76.78 97.87M
RGS REGENEUS LTD 0.17 76.49 51.40M
PTL PENTAL LTD 0.43 76.36 64.04M
DXB DIMERIX LTD 0.75 76.06 154.24M
SBR SABRE RESOURCES LTD 0.01 76.00 11.26M
BKY BERKELEY ENERGIA LTD 0.96 75.85 248.26M
RDY READYTECH HOLDINGS LTD 1.87 75.84 154.41M
OLL OPENLEARNING LTD 0.3 75.77 49.47M
IKW IKWEZI MINING LTD 0.005 75.7 20.33M
CVV CARAVEL MINERALS LTD 0.07 75.54 19.38M
APC AUSTRALIAN POTASH LTD 0.13 75.52 58.39M
PKO PEAKO LTD 0.03 75.32 6.31M
MXI MAXITRANS INDUSTRIES LTD 0.22 75.26 43.49M
MYQ MYFIZIQ LTD 0.41 75.02 52.85M

 

The Running Hot list stayed well populated last week, with 50 stocks recording an RSI reading above 75 (compared to the standard measure of 70).

That’s only down slightly from 52 the week before, despite a poor start to September on the ASX which saw the local index fall on three days out of five, culminating in an ugly selloff on Friday.

Financial software minnow Intiger Group (ASX:IAM), which has a market cap of $7.74m, found itself at the top of the list following some unusual price action on Friday August 28.

The stock ticked higher by 300 per cent (from 0.1c to 0.4c) before going into a trading halt.

It then announced a voluntary suspension on Monday night (August 31) “pending the release of an announcement regarding an acquisition by the company and pending its response to ASX queries”.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, September 4:

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