Each Monday, Stockhead recaps the stocks that are running hot with 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, October 2:

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

Code Company Price RSI MktCap$
PLL Piedmont Lithium Ltd 0.3375 71 $433.2M
MSI Multistack Internat. 0.016 95 $1.8M
RAN Range International 0.019 74 $5.0M
ADY Admiralty Resources. 0.019 77 $18.5M
REE Rarex Limited 0.12 82 $45.5M
NML Navarre Minerals Ltd 0.18 74 $86.8M
FYI FYI Resources Ltd 0.25 67 $59.9M
VR1 Vection Technologies 0.1325 78 $105.6M
SRN Surefire Rescs NL 0.0235 76 $14.4M
3DA Amaero International 0.61 74 $54.7M
EMU EMU NL 0.045 90 $13.4M
INR Ioneer Ltd 0.15 71 $243.9M
NC6 Nanollose Limited 0.094 69 $8.4M
MPP Metro Perf.Glass Ltd 0.295 74 $37.1M
STK Strickland Metals 0.081 73 $29.3M
ICT Icollege Limited 0.11 74 $55.3M
MOC Mortgage Choice Ltd 1.12 77 $142.5M
ZLD Zelira Therapeutics 0.075 70 $87.3M
PFT Pure Foods Tas Ltd 1.29 87 $61.7M
CHZ Chesser Resources 0.26 70 $103.8M
PM1 Pure Minerals Ltd 0.028 76 $20.6M
BOT Botanix Pharma Ltd 0.097 69 $88.5M
RVR Red River Resources 0.165 70 $88.0M
TSO Tesoro Resources 0.34 71 $161.9M
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North America-focused lithium stock Piedmont Lithium (ASX:PLL) has been running hot ever since it won a contract to supply Tesla last week.

In gold, Emu NL (ASX:EMU) started running hot after exiting Chile and picking up a new gold project in Australia.

Chile-focused gold explorer Tesoro Resources (ASX:TSO) also made the ‘running hot’ list. It is more than a 10-bagger after exploration success in the Latin American country.

Among non-resources sectors, Pure Foods Tasmania (ASX:PFT) was one stock to run hot.

When it entered the bourse through a reverse take-over of Bunji Corporation back in April, it told shareholders it would proactively seek partners and acquisition opportunities.

Last week it formally launched an incubation fund to help fellow Tasmanian premium food and beverage businesses just starting out in the space.


Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, October 2:

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

Code Company Price RSI MktCap$
GTK Gentrack Group Ltd 1.2 30 $118.8M
A2M The A2 Milk Company 14 25 $10.4B
TRM Truscott Mining Corp 0.016 30 $2.0M
RCE Recce Pharmaceutical 1.13 27 $208.4M
PCH Property Connect 0.0015 29 $1.0M
MTH Mithril Resources 0.029 27 $58.4M
MSB Mesoblast Limited 3.33 29 $3.0B
SVD Scandivanadium Ltd 0.014 24 $6.7M
CML Chase Mining Limited 0.016 20 $10.2M
MCX Mariner Corp Ltd 0.028 5 $1.3B
RML Resolution Minerals 0.042 30 $12.6B
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Mesoblast’s (ASX:MSB) FDA order to go back to the drawing board spooked investors enough to send its two-week RSI below 30.

Gold play Chase Mining (ASX:CML) has also been running cold after some not-so-great exploration results.

Dairy giant A2 Milk (ASX:A2M) has held up from a share price perspective for much of 2020. But it plunged last week after telling shareholders its daigou trade had begun to dry up.