Each Monday, Stockhead recaps the ASX 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, November 27:

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

Code Company Price RSI MktCap$
OEQ Orion Equities 0.08 96 $ 1,425,151.12
WTL Wt Financial Grp Ltd 0.06 95 $ 10,000,314.00
CMD Cassius Mining Ltd 0.027 92 $ 7,755,652.53
SAN Sagalio Energy Ltd 0.015 86 $ 3,069,901.95
CNB Carnaby Resource Ltd 0.36 85 $ 42,381,143.28
MAN Mandrake Res Ltd 0.095 77 $ 28,474,866.90
CXU Cauldron Energy Ltd 0.033 77 $ 15,679,982.92
ENX Enegex Limited 0.049 77 $ 6,773,329.88
AMO Ambertech Limited 0.16 76 $ 12,997,349.15
KNO Knosys Limited 0.13 75 $ 19,348,624.88
EM2 Eagle Mountain 0.32 75 $ 49,740,119.28
TLX Telix Pharmaceutical 3.25 75 $ 896,486,571.50
HT8 Harris Technology Gl 0.165 73 $ 38,249,322.15
FUN Funtastic Limited 0.093 73 $ 88,807,690.65
DEG De Grey Mining 0.99 73 $ 1,278,415,061.00
MCP McPherson's Ltd 1.93 73 $ 239,393,704.77
MIO Macarthur Minerals 0.44 72 $ 58,943,263.72
PTB PTB Group Limited 66.25 72 $ 86,962,074.72
GME GME Resources Ltd 0.06 71 $ 33,412,015.80
FZR Fitzroy River Corp 0.24 70 $ 20,727,216.24
EMU EMU NL 0.042 70 $ 14,847,228.31
TMZ Thomson Res Ltd 0.079 70 $ 22,066,375.60
IVT Inventis Limited 0.008 70 $ 7,494,926.55
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A total of 23 stocks posted a 14-day RSI above 70 or above this week, up slightly from 22 last week.

A couple of listed investment firms ran hot this week, with Orion Equities (ASX:OEQ) and WT Financial (ASX:WTL) ending up at the top of the list on the back of what appeared to be very little market activity.

Embattled gold-limestone developer Cassius Mining (ASX:CMD) also ended up near the top of the list, after it ran hard again last week on no news.

One daily surge prompted a speeding ticket from the ASX, which issued a price query after the stock ripped higher by as much as 250 per cent.

Cassius is currently engaged in a legal battle with the Ghanian government over its Gbane gold project.

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, November 27:

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

Code Company Price RSI MktCap$
CLB Candy Club 0.145 25 $ 32,508,127.10
CXO Core Lithium 0.059 27 $ 56,676,828.30
CAN Cann Group Ltd 0.465 22 $ 137,654,292.78
RVS Revasum 0.425 14 $ 14,114,122.93
PCH Property Connect 0.0015 27 $ 1,028,795.21
N1H N1 Holdings Ltd 0.07 13 $ 5,708,890.11
GSN Great Southern 0.073 29 $ 30,781,811.08
WFL Wellfully Limited 0.125 26 $ 19,043,327.29
IS3 I Synergy Group Ltd 0.045 11 $ 8,247,063.96
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