Stockhead’s Hot Money Monday 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 look-out 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, February 19:
Scroll or swipe to reveal table. Click headings to sort.
Code Company Price RSI Market Cap TTA TTA Holdings Ltd 0.048 100 $ 3,435,585 AQS Aquis Ent Ltd 0.5 99 $ 4,107,705 MXC MGC Pharmaceuticals 0.115 89 $ 211,736,789 MAY Melbana Energy Ltd 0.028 89 $ 62,554,988 CRO Cirralto Ltd 0.115 84 $ 197,636,305 ICT Icollege Limited 0.165 83 $ 87,234,697 NCL Netccentric Ltd 0.125 82 $ 24,675,000 IOU IOUpay Limited 0.645 81 $ 281,551,291 MGL Magontec Limited 0.035 81 $ 17,263,872 PUR Pursuit Minerals 0.052 80 $ 27,216,224 CTT Cettire 103 80 $ 371,707,265 CI1 Credit Intelligence 0.058 79 $ 80,963,282 EGL Environmental Group 0.05 79 $ 13,848,756 ASP Aspermont Limited 0.046 77 $ 106,208,942 PRT Prime Media Grp Ltd 0.27 77 $ 98,909,182 HMX Hammer Metals Ltd 0.11 77 $ 68,257,898 FTZ Fertoz Ltd 0.07 75 $ 10,872,514 BD1 Bard1 Life Sciences 2.85 74 $ 237,058,783 CXM Centrex Metals 0.034 74 $ 10,997,003 QPM Queensland Pacific 0.08 74 $ 67,172,225 AO1 Assetowl Limited 0.013 73 $ 6,428,566 ADY Admiralty Resources. 0.024 72 $ 26,660,098 BET Betmakers Tech Group 1.01 72 $ 730,216,874 FRM Farm Pride Foods 0.275 72 $ 15,174,548 AMN Agrimin Ltd 0.68 72 $ 147,762,276 RXH Rewardle Holding Ltd 0.019 71 $ 7,368,501 RFX Redflow Limited 0.085 70 $ 91,249,907 FFT Future First Tech 0.087 70 $ 49,779,527 QFY Quantify Tech Ltd 0.028 70 $ 15,617,824 TTI Traffic Technologies 0.053 70 $ 26,040,134
In what may mark a first for the Hot Money column, consumer electronics wholesaler TTA Holdings (ASX:TTA) appeared to make a bit of history by chalking up a 14-day RSI of 100.
The minnow stock surged higher by 132pc on Friday before trading was paused “pending a further announcement”.
That followed three straight days of strong gains in the trading sessions immediately prior for TTA, which distributes TEAC electronic products in the Australian market.
TTA’s latest 4C filing showed the company booked cash receipts from customers of $2.888m, with product manufacturing costs of $2,478k and net cash outflows of $221k. TTA finished the quarter with $1.5m in the bank.
Casino operator Aquis Entertainment (ASX:AQS) also ran red hot with an RSI of 99. No surprises there, as the stock booked two historic gains to close the week, on no news.
And in line with a big week of price action in the fintech space, a number of payment and lending companies posted big RSI readings with share prices surging across the board.
Fintech names in this week’s Hot Money list included Cirralto (ASX:CRO), IOUpay (ASX:IOU) and Credit Intelligence (ASX:CI1).
Running Cold
Here’s a summary of the stocks that were running cold for the two weeks ended Friday, February 19:
Scroll or swipe to reveal table. Click headings to sort.
Code Company Price RSI Market Cap AZS Azure Minerals 0.35 30 $ 109,370,431 AAR Anglo Australian 0.1 30 $ 58,311,830 GGG Greenland Minerals 0.17 30 $ 234,674,711 MHC Manhattan Corp Ltd 0.018 29 $ 23,873,016 MCT Metalicity Limited 0.012 29 $ 22,970,925 NME Nex Metals Explorat 0.03 29 $ 8,010,709 PCH Property Connect 0.0015 29 $ 1,028,795 NTL New Talisman Gold 0.004 29 $ 11,168,901 DCN Dacian Gold Ltd 0.385 29 $ 217,038,336 MSV Mitchell Services 0.42 28 $ 84,676,465 NWH NRW Holdings Limited 225 28 $ 996,737,584 EMV Emvision Medical 2.18 27 $ 152,847,778 AKG Academies Aus Grp 0.305 27 $ 38,922,412 STK Strickland Metals 0.024 24 $ 10,528,788 E2M E2 Metals 0.365 24 $ 56,907,244 STN Saturn Metals 0.365 23 $ 39,047,224 ZNO Zoono Group Ltd 0.735 21 $ 118,161,149 BGL Bellevue Gold Ltd 0.755 19 $ 642,654,092 TOM Tomizone Limited 0.002 12 $ 850,401
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