Hot Money Monday: These are the most in-demand stocks on the ASX right now

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.

Running Hot

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, May 1:

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

Code	Name	Price	2 Week RSI	Market Cap ($)
JPR	JUPITER ENERGY LTD	0.15	91.57	23.01M
LVE	LOVE GROUP GLOBAL LTD	0.06	87.57	2.63M
AUT	AUTECO MINERALS LTD	0.05	84.57	64.34M
GO2	GO2 PEOPLE LTD/THE	0.06	84.25	8.55M
SWF	SELFWEALTH LTD	0.23	82.99	45.40M
KGN	KOGAN.COM LTD	7.87	82.52	757.44M
ARS	ALT RESOURCES LTD	0.03	81.89	17.62M
CTE	CRYOSITE LTD	0.08	80.83	3.75M
MHC	MANHATTAN CORP LTD	0.01	80.21	10.14M
GTR	GTI RESOURCES LTD	0.01	79.97	6.04M
PDI	PREDICTIVE DISCOVERY LTD	0.07	78.98	44.33M
CRM	CARBON MINERALS LTD	0.35	77.77	6.58M
EOF	ECOFIBRE LTD	2.93	76.91	897.64M
XPE	XPED LTD	0.002	76.18	3.51M
LVH	LIVEHIRE LTD	0.28	75.21	84.67M
LEG	LEGEND MINING LTD	0.2	75.00	464.52M
GSW	GETSWIFT LTD	0.77	74.78	143.30M
OEC	ORBITAL CORP LTD	0.77	74.53	67.50M
DRE	DREADNOUGHT RESOURCES LTD	0.01	74.32	10.60M
TMT	TECHNOLOGY METALS AUSTRALIA	0.13	73.74	12.83M
LON	LONGTABLE GROUP LTD	0.14	73.73	30.05M
BOE	BOSS RESOURCES LTD	0.07	73.41	111.12M
GSM	GOLDEN STATE MINING LTD	0.16	73.4	5.86M
WSP	WHISPIR LTD	1.88	73.37	197.16M
FDV	FRONTIER DIGITAL VENTURES LT	0.92	73.25	256.83M
EMR	EMERALD RESOURCES NL	0.5	72.96	257.21M
IVZ	INVICTUS ENERGY LTD	0.03	72.93	11.68M
WAF	WEST AFRICAN RESOURCES LTD	0.7	72.9	631.21M
ELO	ELMO SOFTWARE LTD	7.06	72.71	531.87M
CWN	CROWN RESORTS LTD	9.49	72.55	6.70B
OKR	OKAPI RESOURCES LTD	0.13	71.94	4.69M
NWF	NEWFIELD RESOURCES LTD	0.19	71.91	110.45M
ADN	ANDROMEDA METALS LTD	0.05	71.69	72.70M
ELS	ELSIGHT LTD	0.38	71.33	38.94M
KTG	K-TIG LTD	0.15	71.06	23.14M
SMR	STANMORE COAL LTD	1.00	71.00	263.93M
VMY	VIMY RESOURCES LTD	0.05	70.98	30.94M
WEC	WHITE ENERGY CO LTD	0.08	70.92	66.61M
DXB	DIMERIX LTD	0.19	70.91	36.31M
GSS	GENETIC SIGNATURES LTD	1.96	70.77	283.78M
TBR	TRIBUNE RESOURCES LTD	6.2	70.61	353.15M
AEF	AUSTRALIAN ETHICAL INVT LTD	4.4	70.6	523.72M
GRR	GRANGE RESOURCES LTD	0.22	70.57	260.40M
SZL	SEZZLE INC-CDI	1.62	70.5	303.25M
GBZ	GBM RESOURCES LTD	0.09	70.41	20.93M
NUC	NUCHEV LTD	3.17	70.36	142.65M
BSX	BLACKSTONE MINERALS LTD	0.16	70.32	40.35M
TIE	TIETTO MINERALS LTD	0.32	70.23	113.64M
BIS	BISALLOY STEEL GROUP LTD	1.01	70.2	45.87M
TNE	TECHNOLOGY ONE LTD	9.41	70.07	3.03B
HXG	HEXAGON ENERGY MATERIALS LTD	0.07	70.02	20.47M

The number of stocks on this week’s Running Hot list rose to 52 — well up from the previous week’s total of 28 (and from the March lows, when only two stocks made the cut).

While the latest data set marks a return to the long-run average — as measured by the number of stocks on the list — it also tracked the last two weeks of the April rally.

However, Friday’s trading session showed sharp volatility isn’t yet a thing of the past as the ASX200 slumped by more than 5 per cent — its biggest fall since March 27.

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, May 1:

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

Code	Name	Price ($)	2 Week RSI	Market Cap
TPS	THREAT PROTECT AUSTRALIA LTD	0.05	29.94	13.01M
LNG	LIQUEFIED NATURAL GAS LTD	0.04	29.84	24.80M
FTZ	FERTOZ LTD	0.06	29.60	9.42M
EVZ	EVZ LTD	0.08	29.25	7.69M
LOM	LUCAPA DIAMOND CO LTD	0.05	29.20	24.70M
EAX	ENERGY ACTION LTD	0.1	28.85	2.49M
FE8	FASTER ENTERPRISES LTD	0.01	28.51	665.31k
MOB	MOBILICOM LTD	0.05	28.45	12.90M
GED	GOLDEN DEEPS LTD	0.005	28.08	1.40M
MGU	MAGNUM MINING AND EXPLORATION	0.04	28.06	12.18M
TIN	TNT MINES LTD	0.05	27.74	1.46M
PNC	PIONEER CREDIT LTD	0.24	27.71	15.53M
KPT	KANGAROO ISLAND PLANTATION	0.91	27.19	51.34M
ENE	ENEVIS LTD	0.05	26.37	3.20M
AGJ	AGRICULTURAL LAND TRUST	0.02	25.9	2.15M
CD1	CORDISH DIXON PRIVATE EQUITY	0.72	25.61	28.09M
CPT	CIPHERPOINT LTD	0.01	25.33	510.65k
HOT	HOTCOPPER HOLDINGS LTD	0.09	25.31	17.95M
RDH	REDHILL EDUCATION LTD	0.55	25.28	16.95M
UCW	UCW LTD	0.09	24.82	11.16M
KLO	KINGSLAND GLOBAL LTD-CDI	0.07	23.41	29.97M
VEN	VINTAGE ENERGY LTD	0.04	21.96	10.43M
DGH	DESANE GROUP HOLDINGS LTD	1.11	21.45	45.41M
SF1	STEMIFY LTD	0.01	21.22	1.73M
IXU	IXUP LTD	0.02	20.78	4.46M
SST	STEAMSHIPS TRADING COMPANY	10	20.38	310.08M
TIG	TIGERS REALM COAL LTD	0.01	19.50	37.86M
DCN	DACIAN GOLD LTD	0.35	19.35	172.35M
MCM	MC MINING LTD	0.16	18.58	21.87M
ARA	ARIADNE AUSTRALIA LTD	0.4	16.95	78.50M
SFM	SANTA FE MINERALS LTD	0.05	16.12	3.64M
VOL	VICTORY OFFICES LTD	0.51	14.62	20.86M
UUL	ULTIMA UNITED LTD	0.01	6.78	410.56k

The number of stocks “running cold” has continued to dwindle, with just 33 companies populating this week’s list — down from 48 and 60 in each of the two weeks prior.