Each Monday (yes we know it’s Tuesday), 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 this week’s list:

 

Running Hot

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, January 24:

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

Code Name Price 2 Week RSI Market Cap ($)
BRI BIG RIVER INDUSTRIES LTD 1.720 95.41 107,446,528
SND SAUNDERS INTERNATIONAL LTD 0.430 88.58 45,555,920
NVL NATIONAL VETERINARY CARE LTD 3.660 88.21 245,738,352
FDV FRONTIER DIGITAL VENTURES LTD 0.950 83.59 247,109,728
AVZ AVZ MINERALS LTD 0.070 82.05 161,391,888
EOL ENERGY ONE LTD 3.310 81.84 72,839,976
MDR MEDADVISOR LTD 0.600 81.55 145,105,232
CIW CLIME INVESTMENT MANAGEMENT 0.640 80.94 35,885,240
ANR ANATARA LIFESCIENCES LTD 0.345 80.46 17,200,382
ENE ENEVIS LTD 0.230 80.22 15,320,553
KME KIP MCGRATH EDUCATION CENTRE 1.530 79.85 68,530,008
OLI OLIVER'S REAL FOOD LTD 0.098 79.17 25,073,192
A4N ALPHA HPA LTD 0.260 77.90 161,185,504
MAG MAGMATIC RESOURCES LTD 0.270 76.43 41,204,584
KZR KALAMAZOO RESOURCES LIMITED 0.680 76.12 78,311,320
VUL VULCAN ENERGY RESOURCES LTD 0.210 75.71 10,670,000
CFE CAPE LAMBERT RESOURCES LTD 0.006 75.60 6,698,844
COB COBALT BLUE HOLDINGS LTD 0.170 75.50 26,414,692
AMX AEROMETREX LTD 2.290 74.94 208,624,000
RDY READYTECH HOLDINGS LTD 2.250 74.89 180,012,080
STN SATURN METALS LTD 0.430 74.39 31,471,394
WND WINDLAB LTD 0.945 74.38 64,460,892
MLL MALI LITHIUM LTD 0.110 74.33 31,734,812
AXI AXIOM PROPERTIES LTD 0.051 73.94 22,068,396
ASG AUTOSPORTS GROUP LTD 1.700 73.59 347,729,984
CEL CHALLENGER EXPLORATION LTD 0.190 73.40 86,209,360
MCX MARINER CORP LTD 0.070 73.39 3,123,460
RUL RPMGLOBAL HOLDINGS LTD 1.100 73.08 233,171,568
AIS AERIS RESOURCES LTD 0.061 72.87 27,342,696
JRV JERVOIS MINING LTD 0.255 72.74 163,616,320
PSZ PS&C LTD 0.033 72.67 11,586,416
EPD EMPIRED LTD 0.400 72.61 64,769,252
BTC BTC HEALTH LTD 0.150 72.27 34,458,488
MAI MAINSTREAM GROUP HOLDINGS LTD 0.670 71.55 88,334,080
HIT HITECH GROUP AUSTRALIA LTD 1.390 71.51 52,889,500
AXE ARCHER MATERIALS LTD 0.215 71.40 44,608,112
PBP PROBIOTEC LTD 2.210 71.36 167,504,672
KOV KORVEST LTD 3.800 71.35 42,770,776
EGN ENGENCO LTD 0.650 71.31 202,130,704
PRO PROPHECY INTERNATIONAL HLDGS 0.635 71.23 40,326,164
PTR PETRATHERM LTD 0.049 71.01 8,550,083
ZIP ZIPTEL LTD 0.017 70.82 3,215,276
NEU NEUREN PHARMACEUTICALS LTD 2.890 70.42 302,288,160
CHZ CHESSER RESOURCES LTD 0.091 70.40 24,825,996
NZC NZURI COPPER LTD 0.360 70.34 106,525,976
AV1 ADVERITAS LTD 0.260 70.33 47,749,572
ADD ADAVALE RESOURCES LTD 0.042 70.32 7,959,717
ALC ALCIDION GROUP LTD 0.230 70.00 227,859,632

Big River Industries (ASX:BRI)

The timber company continued its multi-week reign at or near the top of the Hot Money rankings, this week posting a red-hot RSI of 95.41.

The stock has climbed steadily from around $1.20 in November to its Friday close above $1.70, following another steady increase last week.

But despite that, demand for BRI shares still hasn’t been driven by any key market-moving announcements.

In fact, Big River hasn’t provided any updates since December 10, when the company said it was introducing a dividend reinvestment plan for eligible shareholders.

 

Running Cold

Here’s a summary of the stocks that were running cold for the two weeks ended Friday, January 24:

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

Code Name Price 2 Week RSI Market Cap
HXG HEXAGON ENERGY MATERIALS LTD 0.05 29.57 16.08M
KAS KASBAH RESOURCES LTD 0.01 29.09 1.90M
KPT KANGAROO ISLAND PLANTATION T 1.96 29.09 110.59M
TGH TERRAGEN HOLDINGS LTD 0.17 28.67 30.83M
AMO AMBERTECH LTD 0.08 28.14 6.35M
HT8 HARRIS TECHNOLOGY GROUP LTD 0.01 27.98 1.71M
BWF BLACKWALL LTD 0.69 27.55 43.57M
MXR MAXIMUS RESOURCES LTD 0.05 27.34 1.60M
PRT PRIME MEDIA GROUP LTD 0.16 27.3 58.61M
SIS SIMBLE SOLUTIONS LTD 0.02 27.22 3.22M
BOE BOSS RESOURCES LTD 0.05 27.07 71.43M
ATC ALTECH CHEMICAL LTD 0.09 27.04 72.85M
PNC PIONEER CREDIT LTD 1.78 26.76 112.85M
SRI SIPA RESOURCES LTD 0.07 26.04 9.96M
REY REY RESOURCES LTD 0.23 25.9 48.80M
OKR OKAPI RESOURCES LTD 0.1 24.81 3.57M
8VI 8VIC HOLDINGS LTD 0.19 24.64 7.91M
RHY RHYTHM BIOSCIENCES LTD 0.1 24.56 10.58M
LHB LIONHUB GROUP LTD 0.003 23.94 2.48M
EXR ELIXIR ENERGY LTD 0.02 23.47 9.02M
MNC METMINCO LTD 0.05 21.86 9.07M
MOZ MOSAIC BRANDS LTD 1.75 20.97 169.42M
PXX POLARX LTD 0.03 19.92 12.90M
UUL ULTIMA UNITED LTD 0.02 19.69 469.21k
BIR BIR FINANCIAL LTD 0.08 18.72 6.50M
BYI BEYOND INTERNATIONAL LTD 0.75 18.43 46.00M
TIA TIAN AN AUSTRALIA LTD 0.33 17.7 28.58M
SST STEAMSHIPS TRADING COMPANY 12.5 17.44 387.60M
TNP TRIPLE ENERGY LTD 0.01 17.29 575.97k

Leigh Creek Energy (ASX:LCK)

The gas explorer slipped into this week’s Running Cold list, as the stock price continued its recent loss of momentum to start 2020.

Shares in Leigh Creek hit a 12-month high above 40c last May, after the company said it had proved up a gas resource as large as the Cooper Basin.

But investors cooled on the stock in the second half of last year, as the company continues to look for commercialisation pathways.