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.