Hot Money Monday: These are the most in-demand stocks on the ASX right now

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 25:

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

Software company Vection Technologies Ltd (ASX:VR1) was among the stocks running hot, following a six-day winning streak into the end of last week amid a run of news flow.

Amont the updates, VR1 announced it has signed the first public hospital to a trial of it “Augmented Reality (AR) healthcare solution”.

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, September 25:

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