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 16:

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

Code Company Price RSI MktCap$
AYM Australia United Mining 0.019 97 $ 35,008,972
DOU Douugh Limited 0.375 94 $ 67,066,638
CWL Consol Financial Hld 0.037 82 $ 3,170,695
RFN Reffind Limited 0.004 83 $ 2,486,517
AZS Azure Minerals 0.45 79 $ 93,244,158
RDN Raiden Resources Ltd 0.04 73 $ 19,927,225
PWN Parkway Minls NL 0.014 70 $ 20,598,177
ODA Orcoda Limited 0.15 91 $ 11,487,815
AJQ Armour Energy Ltd 0.036 81 $ 34,495,053
ADO Anteotech Ltd 0.13 87 $ 210,996,701
AUC Ausgold Limited 0.06 75 $ 70,218,875
NXE New Energy Minerals 0.027 72 $ 4,980,734
DAU Dampier Gold Ltd 0.043 74 $ 11,968,343
SRN Surefire Rescs NL 0.031 78 $ 18,844,609
CNB Carnaby Resource Ltd 0.45 70 $ 48,203,423
UNL United Networks Ltd 0.11 79 $ 43,161,732
ESR Estrella Res Ltd 0.115 85 $ 73,200,836
ASM Ausstratmaterials 4.00 79 $ 478,580,108
TOU Tlou Energy Ltd 0.061 80 $ 28,360,748
YRL Yandal Resources 0.52 80 $ 32,784,320
KSS Kleos 0.47 82 $ 50,493,825
KWR Kingwest Resources 0.205 70 $ 29,201,833
EM1 Emerge Gaming Ltd 0.055 70 $ 37,767,534
TRY Troy Resources Ltd 0.155 82 $ 97,969,884
RBL Redbubble Limited 5.64 75 $ 1,452,326,868
ZLD Zelira Therapeutics 0.098 77 $ 103,780,421
4DX 4Dmedical Limited 2.60 71 $ 449,388,371

Up near the top of this week’s list was the latest fintech entrant onto the ASX boards, Douugh (ASX:DOU).

After almost doubling up from its IPO listing price of 3c on its first day of trade last week, investors have sent DOU shares on a tear.

The stock closed on Friday at 34.5c, after posting its third straight daily gain of at least 35 per cent.

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, October 16:

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

Code Company Price RSI MktCap$
UWL Uniti Group Ltd 1.24 31 $ 640,881,591
HXG Hexagon Energy 0.041 29 $ 11,989,769
PXX Polarx Limited 0.03 17 $ 16,245,622
ZNO Zoono Group Ltd 1.49 31 $ 253,599,696
NZS New Zealand Coastal 0.036 31 $ 22,624,284
KPE Kina Petroleum Corp 0.42 8 $ 5,269,261
VOL Victory Offices Ltd 0.205 27 $ 16,769,000
MPH Mediland Pharm 0.10 1 $ 39,095,451
PCH Property Connect 0.0015 30 $ 1,028,795
MHC Manhattan Corp Ltd 0.029 30 $ 38,462,082
SKN Skin Elements Ltd 0.034 1 $ 26,061,411
MCX Mariner Corp Ltd 0.03 9 $ 1,441,597
KOR Korab Resources 0.013 23 $ 4,322,409
BOE Boss Resources Ltd 0.061 26 $ 114,888,917
MSB Mesoblast Limited 3.13 31 $ 1,882,943,564