Each Monday, Stockhead recaps which stocks are most heavily in demand by investors — running hot.

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.

Here’s this week’s list:

 

Running Hot

Takeover target Konekt (ASX:KKT) held the top spot this week, while funds management business Ellerston Global (ASX:EGI) catapulted into the top-three of this week’s rankings.

The move was driven by a change of structure, as the listed investment company (LIC) — part of the Ellerston group founded by the billionaire Packer family — converted its shares into unlisted units.

Ellerston said the decision was in response to an “industry wide phenomena”, in which LIC’s trade at a discount to their net tangible assets.

Among various market observers, the restructure caught the eye of Stockhead’s Secret Broker, who provided some unique musings on the topic here.

And sneaking into this week’s Hot Money list was medtech company HeraMED (ASX:HMD), which rocketed higher by almost 50 per cent on Thursday.

When asked about the move by the ASX, HeraMED said it may have been due to a $13 billion typo. The company went into a trading halt at the opening bell on Friday.

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, November 15:

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

Code Name Price ($) 14-day RSI Market Cap
KKT KONEKT LTD 0.64 93.27 68.23M
EGI ELLERSTON GLOBAL INVESTMENTS 1.11 87.24 104.60M
CSV CSG LTD 0.31 82.98 137.02M
IMU IMUGENE LTD 0.04 82.89 151.82M
VVA VIVA LEISURE LTD 3 82.42 157.80M
QMS QMS MEDIA LTD 1.22 81.24 420.58M
APV APPSVILLAGE AUSTRALIA LTD 0.31 80.09 20.66M
AEF AUSTRALIAN ETHICAL INVT LTD 3.44 79.49 385.60M
OPC OPTICOMM LTD 4.32 77.85 449.60M
AMT ALLEGRA ORTHOPAEDICS LTD 0.19 77.38 18.92M
MEA MCGRATH LTD 0.33 77.04 55.06M
HIL HILLS LTD 0.29 76.98 67.28M
DDT DATADOT TECHNOLOGY LTD 0.01 76.51 9.01M
AV1 ADVERITAS LTD 0.19 75.77 36.58M
IKW IKWEZI MINING LTD 0 75.61 8.13M
EGH EUREKA GROUP HOLDINGS LTD 0.34 75.15 77.06M
RIC RIDLEY CORP LTD 1.16 73.88 362.61M
MCX MARINER CORP LTD 0.06 73.4 892.98k
ARL ARDEA RESOURCES LTD 0.69 72.61 81.52M
VMT VMOTO LTD 0.21 72.5 47.20M
TTB TOTAL BRAIN LTD 0.09 72.23 81.00M
WGB WAM GLOBAL LTD 2.18 71.77 404.17M
PPY PAPYRUS AUSTRALIA LTD 0.02 71.62 5.63M
OLH OLDFIELDS HOLDINGS LTD 0.08 71.58 6.90M
CAT CATAPULT GROUP INTERNATIONAL 1.74 71.45 332.16M
SES SECOS GROUP LTD 0.1 71.43 38.70M
TLX TELIX PHARMACEUTICALS LTD 1.85 71.42 468.57M
SPZ SMART PARKING LTD 0.26 70.78 93.40M
TPW TEMPLE & WEBSTER GROUP LTD 2.39 70.7 271.08M
RKN RECKON LTD 0.88 70.45 100.27M
TNY TINYBEANS GROUP PTY LTD 3.38 70.3 128.59M
CCV CASH CONVERTERS INTL LTD 0.23 70.24 144.86M
ICS ICSGLOBAL LTD 1.53 70.1 16.31M
HMD HERAMED LTD 0.22 70.07 18.82M

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, November 15:

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

Code Name Price ($) 14-day RSI Market Cap
TBR TRIBUNE RESOURCES LTD 7.19 29.85 399.07M
BYH BRYAH RESOURCES LTD 0.05 29.69 4.37M
FGR FIRST GRAPHENE LTD 0.14 29.67 64.09M
VAN VANGO MINING LTD 0.17 29.61 105.93M
FBR FBR LTD 0.05 29.51 77.23M
G88 GOLDEN MILE RESOURCES LTD 0.05 29.29 3.71M
BAT BATTERY MINERALS LTD 0.01 29.24 7.91M
CY5 CYGNUS GOLD LTD 0.04 29.22 2.12M
MOY MILLENNIUM MINERALS LTD 0.05 29.09 45.46M
CDD CARDNO LTD 0.47 29.08 206.81M
ONE ONEVIEW HEALTHCARE PLC-CDI 0.17 29.04 30.26M
LBL LASERBOND LTD 0.63 29.02 60.16M
SRO SHAREROOT LTD 0.001 29.01 2.96M
BOT BOTANIX PHARMACEUTICALS LTD 0.11 28.96 106.10M
CXM CENTREX METALS LTD 0.06 28.91 17.99M
TGO TRIMANTIUM GROWTHOPS LTD 0.14 28.77 19.45M
GSM GOLDEN STATE MINING LTD 0.06 28.61 2.20M
IVX INVION LTD 0.01 28.57 55.01M
GO2 GO2 PEOPLE LTD/THE 0.02 28.49 2.24M
CLI CROPLOGIC LTD 0.03 28.41 12.91M
ADJ ADSLOT LTD 0.02 28.29 38.11M
HT8 HARRIS TECHNOLOGY GROUP LTD 0.01 28 1.85M
VR8 VANADIUM RESOURCES LTD 0.04 27.57 13.03M
BIQ BUILDINGIQ INC-CDI 0.02 27.42 5.43M
CGB CANN GLOBAL LTD 0.02 27.08 57.61M
CAN CANN GROUP LTD 0.99 27.08 140.45M
BCN BEACON MINERALS LTD 0.03 27.02 85.76M
ESE ESENSE-LAB LTD-CDI 0.01 27 2.28M
B2Y BOUNTY MINING LTD 0.05 26.99 17.33M
TIG TIGERS REALM COAL LTD 0.02 25.91 30.46M
ATS AUSTRALIS OIL & GAS LTD 0.12 25.75 113.39M
360 LIFE360 INC-CDI 3.1 25.44 451.13M
RMT RMA ENERGY LTD 0.001 25 2.10M
CSE COPPER STRIKE LTD 0.03 24.84 3.53M
VRX VRX SILICA LTD 0.1 24.67 44.41M
JMS JUPITER MINES LTD 0.25 24.21 499.54M
LHB LIONHUB GROUP LTD 0.003 24.19 2.48M
SIV SILVER CHEF LTD 0.57 21.83 22.58M
2BE TUBI PTY LTD 0.12 21.14 29.18M
TAM TANAMI GOLD NL 0.04 19.5 44.65M
KAS KASBAH RESOURCES LTD 0.02 19.13 2.80M
CPH CRESO PHARMA LTD 0.2 17.24 30.31M
MHI MERCHANT HOUSE INTL LTD 0.06 17.12 5.75M
KSC K & S CORP LTD 1.57 16.73 199.83M
SST STEAMSHIPS TRADING COMPANY 13 15.65 403.11M
HRR HERON RESOURCES LTD 0.13 12.76 53.58M
EXL ELIXINOL GLOBAL LTD 1.01 11.72 139.96M