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 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

Software company Energy One (ASX:EOL) is starting to grab the market’s attention, and the stock came in at the top of this week’s table with an RSI reading of 85.98.

It follows another strong run of gains after EOL released an investor presentation last Monday, where it highlighted a successful launch into UK and European markets.

Energy One’s software provides trading solutions for businesses operating in the wholesale energy market, across both physical energy (eg electricity and gas) as well as hedging and risk management.

ASX-listed since 2007, EOL’s share price only began gaining traction in 2017, and this month’s rally has taken the stock’s 2019 gain to almost 200 per cent.

Also back on the hot-list this week was Splitit (ASX:SPT) — a familiar name from the buy now, pay later sector. The stocks surged to a high of $2 after listing in late-January at 20 cents, before declining steady throughout the year.

But an update on the company’s North American operations appeared to reignite investor interest last Monday, as the stock posted a weekly gain of almost 40 per cent to close at 90.5 cents.

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, October 18:

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

Code Name Price ($) 14-day RSI Market Cap
EOL ENERGY ONE LTD 2.52 85.98 54.26M
PRO PROPHECY INTERNATIONAL HLDGS 0.58 85.5 37.13M
MOC MORTGAGE CHOICE LTD 1.44 85.24 180.00M
KKT KONEKT LTD 0.49 85.07 51.84M
N27 NORTHERN COBALT LTD 0.08 85.06 5.48M
PPK PPK GROUP LTD 5.63 84.45 464.41M
MAG MAGMATIC RESOURCES LTD 0.11 83.02 13.01M
SPT SPLITIT PAYMENTS LTD 0.91 81.55 279.86M
RAP RESAPP HEALTH LTD 0.38 80.46 261.10M
HIP HIPO RESOURCES LTD 0.02 80.1 6.57M
MHJ MICHAEL HILL INTERNATIONAL L 0.7 79.31 271.44M
GCM GARDA CAPITAL GROUP 2.33 79.12 62.28M
OCL OBJECTIVE CORPORATION LTD 4.55 78.93 423.05M
EMV EMVISION MEDICAL DEVICES LTD 0.88 77.77 50.67M
ICS ICSGLOBAL LTD 1.45 77.19 15.35M
PYC PHYLOGICA LTD 0.06 77 158.79M
TNY TINYBEANS GROUP PTY LTD 2.15 76.97 81.80M
TRS REJECT SHOP LTD/THE 2.27 76.76 65.62M
ATL APOLLO TOURISM & LEISURE LTD 0.55 76.42 102.38M
ZNO ZOONO GROUP LTD 0.15 76.16 24.50M
LEG LEGEND MINING LTD 0.05 75.81 109.12M
DGO DGO GOLD LTD 1 75.39 35.20M
SLC SUPERLOOP LTD 1.16 75.12 358.11M
UBN URBANISE.COM LTD 0.05 74.51 36.60M
OSL ONCOSIL MEDICAL LTD 0.09 74.46 59.29M
TLG TALGA RESOURCES LTD 0.55 74.4 122.19M
AVG AUSTRALIAN VINTAGE LTD 0.54 74.38 151.58M
KTA KRAKATOA RESOURCES LTD 0.05 73.88 7.35M
ITW ISHARES MSCI TAIWAN ETF 57.59 73.82 4.82M
RHT RESONANCE HEALTH LTD 0.16 73.77 66.21M
FYI FYI RESOURCES LTD 0.07 73.65 15.75M
IOD IODM LTD 0.21 73.56 111.28M
RYD RYDER CAPITAL LTD 1.5 73.17 75.42M
BRI BIG RIVER INDUSTRIES LTD 1.25 72.91 77.77M
ADR ADHERIUM LTD 0.05 72.89 9.57M
ICQ ICAR ASIA LTD 0.32 72.69 135.82M
TML TIMAH RESOURCES LTD 0.07 72.42 6.62M
AZM AZUMAH RESOURCES LTD 0.03 71.78 29.36M
NUH NUHEARA LTD 0.05 71.71 47.80M
8IH 8I HOLDINGS LTD-CDI 0.09 71.42 23.56M
PGC PARAGON CARE LTD 0.46 71.37 155.43M
CRM CARBON MINERALS LTD 0.17 71.23 3.20M
AON APOLLO MINERALS LTD 0.04 71.15 10.23M
GSN GREAT SOUTHERN MINING LTD 0.06 71.12 19.81M
SDV SCIDEV LTD 0.57 71.1 70.43M
SDI SDI LTD 0.88 70.97 104.60M
PSQ PACIFIC SMILES GROUP LTD 1.7 70.52 257.63M
GMN GOLD MOUNTAIN LTD 0.07 70.12 43.91M

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, October 18:

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

Code Name Price ($) 14-day RSI Market Cap
KNL KIBARAN RESOURCES LTD 0.07 29.97 21.77M
KIN KIN MINING NL 0.04 29.74 16.92M
AJM ALTURA MINING LTD 0.06 29.16 139.53M
GTN GTN LTD 0.73 29.06 162.16M
MML MEDUSA MINING LTD 0.7 28.93 145.46M
TZN TERRAMIN AUSTRALIA LTD 0.05 28.8 93.48M
GGG GREENLAND MINERALS LTD 0.1 28.49 119.10M
CPH CRESO PHARMA LTD 0.29 28.34 43.95M
SYR SYRAH RESOURCES LTD 0.44 28.17 181.88M
FEX FENIX RESOURCES LTD 0.05 28.13 13.15M
CSE COPPER STRIKE LTD 0.04 28.13 4.27M
VRS VERIS LTD 0.05 28.01 18.68M
JPR JUPITER ENERGY LTD 0.01 27.97 1.07M
SMR STANMORE COAL LTD 1.1 27.22 281.70M
IP1 INTEGRATED PAYMENT TECHNOLOGIES 0.01 27.17 4.01M
LHB LIONHUB GROUP LTD 0.004 26.9 3.31M
SF1 STEMIFY LTD 0.03 26.81 3.95M
MWY MIDWAY LTD 2.35 26.2 205.24M
LVE LOVE GROUP GLOBAL LTD 0.07 26.07 2.84M
HXG HEXAGON RESOURCES LTD 0.05 25.99 14.88M
CAQ CAQ HOLDINGS LTD 0.01 25.74 6.46M
SGH SLATER & GORDON LTD 1.02 25.42 141.20M
MCM MC MINING LTD 0.51 25.28 72.55M
BUX BUXTON RESOURCES LTD 0.07 24.44 9.80M
LRS LATIN RESOURCES LTD 0.01 23.02 1.40M
PGM PLATINA RESOURCES LTD 0.02 22.74 6.63M
HSC HOMESTAY CARE LTD 0.005 22.56 4.00M
TGO TRIMANTIUM GROWTHOPS LTD 0.17 21.91 23.62M
PNR PANTORO LTD 0.16 21.17 182.27M
TTT TITOMIC LTD 1.16 20.48 147.57M
WEC WHITE ENERGY CO LTD 0.08 20 41.82M
GO2 GO2 PEOPLE LTD/THE 0.02 19.03 2.01M
AC8 AUSCANN GROUP HOLDINGS LTD 0.27 18.21 85.60M
IGN IGNITE LTD 0.03 18.04 2.42M
MHI MERCHANT HOUSE INTL LTD 0.06 16.96 6.13M
HRR HERON RESOURCES LTD 0.17 13.47 52.57M
8EC 8IP EMERGING COS LTD 0.08 7.07 29.33M