Hot Money…Tuesday: These are the most in-demand stocks on the ASX right now
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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, June 5:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price | 2 Week RSI | Market Cap ($) |
---|---|---|---|---|
OPY | OPENPAY GROUP LTD | 3.02 | 93.81 | 329.23M |
AL8 | ALDERAN RESOURCES LTD | 0.16 | 90.02 | 36.27M |
FBR | FBR LTD | 0.07 | 88.34 | 111.47M |
EUC | EUROPEAN COBALT LTD | 0.04 | 84.2 | 27.42M |
WCN | WHITE CLIFF MINERALS LTD | 0.01 | 84.08 | 5.84M |
NVX | NOVONIX LTD | 0.71 | 83.61 | 160.79M |
DXB | DIMERIX LTD | 0.41 | 83.15 | 81.69M |
ZLD | ZELIRA THERAPEUTICS LTD | 0.07 | 83.09 | 65.16M |
SPT | SPLITIT PAYMENTS LTD | 0.77 | 82.95 | 290.70M |
VEN | VINTAGE ENERGY LTD | 0.09 | 82.9 | 28.56M |
TRS | REJECT SHOP LTD/THE | 6.34 | 82.11 | 244.33M |
AYS | AMAYSIM AUSTRALIA LTD | 0.51 | 81.68 | 156.41M |
AUR | AURIS MINERALS LTD | 0.04 | 80.93 | 14.30M |
MSV | MITCHELL SERVICES LTD | 0.57 | 80.86 | 119.54M |
ERX | EXORE RESOURCES LTD | 0.09 | 80.65 | 48.92M |
IOD | IODM LTD | 0.17 | 80.3 | 95.06M |
HMX | HAMMER METALS LTD | 0.03 | 80.09 | 18.77M |
PTX | PRESCIENT THERAPEUTICS LTD | 0.07 | 80.02 | 26.42M |
SVD | SCANDIVANADIUM LTD | 0.02 | 79.91 | 6.33M |
IP1 | INTEGRATED PAYMENT TECHNOLOG | 0.02 | 79.57 | 7.41M |
OPL | OPYL LTD | 0.16 | 79.43 | 4.59M |
MNS | MAGNIS ENERGY TECHNOLOGIES L | 0.09 | 79.22 | 56.76M |
ALF | AUSTRALIAN LEADERS FUND LTD | 0.92 | 79.08 | 180.09M |
ASN | ANSON RESOURCES LTD | 0.04 | 79 | 30.55M |
MCT | METALICITY LTD | 0.01 | 78.4 | 18.05M |
SHM | SHRIRO HOLDINGS LTD | 0.6 | 78.37 | 57.05M |
MTO | MOTORCYCLE HOLDINGS LTD | 1.6 | 77.76 | 101.20M |
RMC | RESIMAC GROUP LTD | 1.2 | 77.7 | 488.94M |
BKT | BLACK ROCK MINING LTD | 0.05 | 77.65 | 33.96M |
AMI | AURELIA METALS LTD | 0.48 | 77.55 | 406.40M |
PIA | PENGANA INTERNATIONAL EQUITI | 1.12 | 77.54 | 282.04M |
BC8 | BLACK CAT SYNDICATE LTD | 0.69 | 77.53 | 59.73M |
OVH | ONEVUE HOLDINGS LTD | 0.38 | 77.47 | 99.13M |
HAS | HASTINGS TECHNOLOGY METALS L | 0.14 | 76.81 | 139.65M |
5GN | 5G NETWORKS LTD/AUSTRALIA | 1.27 | 76.73 | 93.49M |
MXR | MAXIMUS RESOURCES LTD | 0.09 | 76.46 | 7.31M |
MSG | MCS SERVICES LTD | 0.02 | 76.41 | 4.69M |
HTG | HARVEST TECHNOLOGY GROUP LTD | 0.19 | 76.33 | 68.63M |
CRO | CIRRALTO LTD | 0.01 | 76.23 | 4.94M |
HLO | HELLOWORLD TRAVEL LTD | 2.89 | 76.11 | 369.17M |
KIS | KING ISLAND SCHEELITE LTD | 0.07 | 75.96 | 18.24M |
BNR | BULLETIN RESOURCES LTD | 0.09 | 75.93 | 14.34M |
TNR | TORIAN RESOURCES LTD | 0.04 | 75.5 | 16.93M |
PPC | PEET LTD | 0.96 | 75.45 | 466.38M |
NCK | NICK SCALI LTD | 6.08 | 75.44 | 498.15M |
CDM | CADENCE CAPITAL LTD | 0.63 | 75.38 | 201.78M |
SIO | SIMONDS GROUP LTD | 0.33 | 75.34 | 47.47M |
PPG | PRO-PAC PACKAGING LTD | 0.2 | 75.1 | 166.28M |
Here’s a summary of the stocks that were running cold for the two weeks ended Friday, June 5:
Scroll or swipe to reveal table. Click headings to sort.
Code | Name | Price ($) | 2 Week RSI | Market Cap |
---|---|---|---|---|
JXT | JAXSTA LTD | 0.02 | 34.71 | 5.93M |
AKG | ACADEMIES AUSTRALASIA GROUP | 0.24 | 34.39 | 29.99M |
AQS | AQUIS ENTERTAINMENT LTD | 0.013 | 34.24 | 2.41M |
CPH | CRESO PHARMA LTD | 0.05 | 33.95 | 15.63M |
CAG | CAPE RANGE LTD | 0.4 | 33.61 | 37.96M |
MCM | MC MINING LTD | 0.14 | 33.58 | 20.46M |
GGX | GAS2GRID LTD | 0.001 | 33.53 | 1.38M |
IXU | IXUP LTD | 0.02 | 33.47 | 4.01M |
PG1 | PEARL GLOBAL LTD | 0.07 | 33.45 | 16.77M |
ARN | ALDORO RESOURCES LTD | 0.08 | 33.38 | 4.33M |
ACS | ACCENT RESOURCES NL | 0.005 | 33.33 | 905.00k |
MGU | MAGNUM MINING AND EXPLORATION | 0.04 | 33.1 | 10.97M |
PEN | PENINSULA ENERGY LTD | 0.09 | 32.92 | 28.35M |
MAG | MAGMATIC RESOURCES LTD | 0.25 | 32.87 | 42.41M |
CII | CI RESOURCES LTD | 0.75 | 32.58 | 86.69M |
PIN | PINCHME.COM INC-CDI | 0.05 | 32.53 | 7.64M |
NUC | NUCHEV LTD | 2.65 | 32.35 | 118.35M |
AGR | AGUIA RESOURCES LTD | 0.05 | 32.35 | 11.71M |
UCW | UCW LTD | 0.09 | 32.13 | 10.81M |
MAR | MALACHITE RESOURCES LTD | 0.05 | 31.97 | 3.13M |
PNW | PACIFIC STAR NETWORK LTD | 0.22 | 31.64 | 40.97M |
AMG | AUSMEX MINING GROUP LTD | 0.03 | 31.47 | 16.43M |
CLX | CTI LOGISTICS LTD | 0.45 | 31.47 | 34.97M |
SFM | SANTA FE MINERALS LTD | 0.05 | 31.43 | 4.01M |
BFC | BESTON GLOBAL FOOD CO LTD | 0.05 | 31.35 | 22.61M |
BLV | BLOSSOMVALE HOLDINGS LTD | 0.06 | 31.05 | 3.69M |
PKD | PARKD LTD | 0.03 | 30.86 | 2.40M |
ABT | ABUNDANT PRODUCE LTD | 0.01 | 30.51 | 933.33k |
EGY | ENERGY TECHNOLOGIES LTD | 0.19 | 30.47 | 16.73M |
PAN | PANORAMIC RESOURCES LTD | 0.08 | 28.9 | 109.46M |
TNP | TRIPLE ENERGY LTD | 0.01 | 28.72 | 431.98k |
AMB | AMBITION GROUP LTD | 0.04 | 26.84 | 2.42M |
KLO | KINGSLAND GLOBAL LTD-CDI | 0.08 | 25.13 | 30.38M |
SST | STEAMSHIPS TRADING COMPANY | 9.5 | 24.46 | 294.58M |
EBG | EUMUNDI GROUP LTD | 0.81 | 18.91 | 33.65M |
VOL | VICTORY OFFICES LTD | 0.5 | 14.35 | 20.25M |
BIR | BIR FINANCIAL LTD | 0.05 | 10.86 | 4.06M |
KLL | KALIUM LAKES LTD | 0.15 | 9.23 | 103.98M |