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 9:

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

Code Company Price RSI MktCap$
TAO TAO Commodities 0.4 92 $ 12,083,866.80
ENV Enova Mining Limited 0.034 87 $ 11,514,400.70
WGN Wagners Hld Company 1.61 85 $290,155,174.85
GIB Gibb River Diamonds 0.145 84 $ 32,161,511.20
VR1 Vection Technologies 0.18 84 $170,083,606.25
AJL AJ Lucas Group 0.049 83 $ 58,618,045.12
MPP Metro Perf.Glass Ltd 0.31 82 $ 57,467,206.66
PPY Papyrus Australia 0.045 81 $ 11,909,921.96
CLT Cellnet Group 0.055 81 $ 12,738,102.08
4DX 4Dmedical Limited 2.24 80 $313,910,994.70
EMT Emetals Limited 0.052 79 $ 12,006,000.00
NTM NTM Gold Ltd 0.12 79 $ 75,224,513.21
RMX Red Mount Min Ltd 0.012 77 $ 10,145,902.40
PLL Piedmont Lithium Ltd 0.54 77 $698,968,724.63
ESR Estrella Res Ltd 0.068 76 $ 58,037,175.96
PBX Pacific Bauxite Ltd 0.003 75 $ 1,189,842.10
YRL Yandal Resources 0.355 75 $ 23,932,553.60
NXM Nexus Minerals Ltd 0.13 75 $ 22,235,442.17
SIS Simble Solutions 0.039 75 $ 7,467,164.32
ENR Encounter Resources 0.29 74 $ 74,418,616.52
STK Strickland Metals 0.096 74 $ 39,301,542.97
ARR American Rare Earths 0.135 73 $ 45,092,536.76
ASN Anson Resources Ltd 0.04 73 $ 28,987,689.55
WCN White Cliff Min Ltd 0.024 72 $ 13,138,196.81
CAV Carnavale Resources 0.0145 71 $ 20,453,762.46
MSI Multistack Internat. 0.023 70 $ 3,144,509.87
INR Ioneer Ltd 0.2 70 $328,020,695.73
CV1 CV Check Ltd 0.15 70 $ 40,907,674.64

A total of 28 stocks ended up on this week’s list, led by TAO Commodities (ASX:TAO) which posted a red hot two-week RSI of 92.

The stock almost doubled on September 24, and continued its strong gains into October after announcing plans to buy a prospective mineral sands (titanium and zircon) project in Tennessee, USA.

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, October 9:

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

Code Company Price RSI MktCap$
NWM Norwest Minerals 0.1 37 $ 7,992,105.90
RVS Revasum 0.2 34 $ 6,601,940.20
MLM Metallica Minerals 0.017 34 $ 5,506,155.35
MSB Mesoblast Limited 3.34 33 $ 1,965,065,713.00
LVE Love Group Global 0.05 28 $ 2,026,708.45
PRX Prodigy Gold NL 0.046 27 $ 29,612,007.91
CML Chase Mining Limited 0.0015 24 $ 4,461,833.61
HLX Helix Resources 0.009 23 $ 7,147,079.35
SVD Scandivanadium Ltd 0.012 21 $ 5,379,678.92
HVM Happy Valley 0.14 21 $ 24,013,232.18
AAP Australian Agri Ltd 0.012 17 $ 3,656,601.22