Stockhead’s Hot Money Monday 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 look-out 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, March 26:

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

Code Company Price RSI Market Cap
DW8 Digital Wine Venture 0.14 87 $ 182,962,923
JAL Jameson Resources 0.13 85 $ 36,399,827
88E 88 Energy Ltd 0.035 83 $ 413,212,484
ACW Actinogen Medical 0.04 81 $ 63,101,225
LEX Lefroy Exploration 1.15 79 $ 82,806,670
CTT Cettire 1.5 77 $ 571,857,330
SIS Simble Solutions 4.2 75 $ 9,566,447
ASO Aston Minerals Ltd 0.097 75 $ 74,094,281
5GG Pentanet 0.84 75 $ 124,502,520
CWN Crown Resorts Ltd 11.83 75 $ 8,044,640,259
IDT IDT Australia Ltd 0.415 74 $ 99,699,461
FLN Freelancer Ltd 0.65 74 $ 286,921,332
LRK Lark Distilling Co. 2.2 74 $ 137,517,235
POD Podium Minerals 0.2 73 $ 49,063,644
EGL Environmental Group 0.075 73 $ 19,942,209
MSR Manas Res Ltd 0.007 73 $ 19,321,915
PTG Proptech Group 0.58 73 $ 32,575,188
ALC Alcidion Group Ltd 0.35 72 $ 331,882,507
PBX Pacific Bauxite Ltd 0.003 71 $ 1,189,842
SAN Sagalio Energy Ltd 0.033 71 $ 6,753,784
GLA Gladiator Resources 0.019 71 $ 6,498,808
MCP McPherson's Ltd 1.42 71 $ 181,048,879
MHK Metalhawk. 0.245 70 $ 8,474,100
ENX Enegex Limited 0.069 70 $ 8,764,342
KRR King River Resources 0.035 70 $ 57,480,423
EXR Elixir Energy Ltd 0.36 70 $ 295,649,296
MGT Magnetite Mines 0.05 70 $ 122,954,745
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A eclectic group of stocks spanning tech, medtech, energy and resources populated this week’s Hot Money list.

A total of 27 stocks posted a 14-day RSI above 70, up slightly from 25 last week.

Leading the pack was Digital Wine Ventures (ASX:DW8), which ran hot with a print of 87. After climbing steadily in March, DW8 shares popped on Friday when the company announced its fully-owned subsidiary, Wine Depot Pty Ltd, had signed a distribution partnership with eBay.

Also near the top of the list was junior coal explorer Jameson Resources (ASX:JAL), which recorded a hot RSI reading of 85 despite no major news flow or big share price leaps in March.

And rounding out the top three was US-based oil and gas explorer 88 Energy (ASX:88E). Shares in the company have tripled in March to 3c despite no major news flow.

On March 15, 88E answered a price query from the ASX by saying it wasn’t aware of any information that would prompt such a sharp gain after the stock jumped more than 60 per cent.

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, March 26:

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

Code Company Price RSI Market Cap
ALT Analytica Limited 0.002 28 $ 8,799,031
MRC Mineral Commodities 0.27 28 $ 164,246,966
ARO Astro Resources NL 0.0035 27 $ 13,978,465
PNM Pacific Nickel Mines 4.7 26 $ 7,039,406
CRW Cashrewards 1.2 26 $ 93,792,573
KWR Kingwest Resources 0.105 25 $ 15,369,386
RHI Red Hill Iron 0.35 25 $ 20,957,352
MOB Mobilicom Ltd 0.055 24 $ 15,476,203
RSG Resolute Mining 0.465 22 $ 513,310,108
SPT Splitit 0.805 22 $ 376,786,179
GBE Globe Metals &Mining 0.037 21 $ 20,034,662
LBY Laybuy Group Holding 1.01 20 $ 175,334,539
IKW Ikwezi Mining Ltd 0.31 19 $ 12,601,492
IS3 I Synergy Group Ltd 0.047 18 $ 8,634,163
SNZ Summerset Grp Hldgs 995 14 $ 2,741,348,295
FNP Freedom Food Ltd 0.52 3 $ 138,554,660
ATU Atrum Coal Ltd 0.055 2 $ 145,407,913
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