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.