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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 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 |
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.
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 |
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