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 |