RHI
Materials
Red Hill Minerals
- Short interest
- <0.01%
- 0.00 pp 30d
- as of 29 Oct 2026
- Reported shorts
- 74
- Shares on issue
- 64.229M
Market regime · S&P/ASX 200 (XJO)
Neutral: XJO is above its 200-day average but not in a full uptrend.
| Rule | The rule | How we test it | Result | Evidence |
|---|---|---|---|---|
| High return on equity core | Own businesses that earn a high return on the capital shareholders have in them. | Pass when return on equity, net profit over the average of opening and closing shareholders' equity, is at least 15%. Fail below 15%, or when equity is zero or negative. Unknown when either equity figure is missing, or when average equity is under 10% of average total assets, where the ratio says more about borrowing than quality; banks, insurers and other financials are exempt from that test, because their balance sheets are leveraged by design. Net profit is the latest full year's, or the latest twelve months' when those are newer, in the reporting currency. | Pass | Return on equity 22.1% (FY ending 2026-06-30) |
| Healthy profit margin core | Keep a meaningful share of every dollar of revenue as profit. | Pass when net profit is at least 10% of revenue for the same period. Fail below 10%. Unknown when revenue is missing, zero or negative, or net profit is missing. | Pass | Net margin 63.6% (FY ending 2026-06-30) |
| Profit that turns into cash core | Reported profit should be backed by cash coming in, not only by accounting. | Pass when free cash flow (operating cash flow less capital expenditure) is positive and at least 0.8 times net profit for the same period. Fail when net profit is zero or negative, when free cash flow is zero or negative, or when it is under 0.8 times net profit. Unknown when either figure is missing, and for banks, insurers and other financials, where the ratio is not meaningful. | Fail | Free cash flow is 0.61x net profit (FY ending 2026-06-30), under 0.8x |
| Little debt core | Prefer businesses that employ little or no debt. | Pass when the company holds net cash, or when net debt is no more than 2.5 times EBITDA (normalised EBITDA when the source publishes it, otherwise statutory). Net debt excludes lease liabilities: total debt minus leases minus cash, from the balance sheet at or up to 6 months before the profit period. Fail above 2.5 times, or when there is net debt and EBITDA is zero or negative. Unknown when net debt cannot be measured, when there is net debt but no EBITDA, and for banks, insurers and other financials, where it is not meaningful. | Pass | Net cash of A$62.8m, excluding leases |
| Liquid enough to trade core | Stick to stocks that trade enough to buy and sell without moving the price. | Pass when the average daily turnover (close times volume) over the last 20 sessions is at least A$250,000. The same floor excludes sub-cent stocks, whose prices are stored to 2 decimal places and are too coarse to measure. Unknown without 20 sessions of price and volume. | Fail | A$49k average daily turnover over 20 sessions, below the A$250k floor |
| Long-term uptrend core | Own quality while the market agrees: the share price is above its long-term average. | Pass when the close is above the 200-day simple moving average. Unknown without 200 sessions of price history. Until it passes, the stock scores higher the closer its relevant measure is to this rule's trigger threshold, so the setups nearest to triggering rank first. | Fail | Close A$4.01 vs 200-day average A$4.66 (-13.9%): not above the 200-day average |
| Revenue not shrinking | A compounder grows its sales, or at least holds them. | Pass when revenue is up or flat on a year earlier, a growth of 0% or more: the latest full year against the one before, or the latest twelve months or half-year against the same span a year earlier when those are fresher. Fail when revenue fell. Unknown when there is no revenue growth figure. | Pass | Revenue +96.8% YoY (FY ending 2026-06-30) |
| Rule | The rule | How we test it | Result | Evidence |
|---|---|---|---|---|
| Explosive growth core | Buy companies with explosive earnings and sales growth. The biggest winners usually show both, and the growth is often accelerating. | Pass when the latest annual revenue is up at least 25% on the prior year, or EPS is up at least 25% on the same series a year earlier (trailing twelve months where available, otherwise annual), or the company has swung from a net loss to a net profit, judged on the same basis as the EPS figure. When a half-year result from the company's own filing is fresher than those figures, revenue and EPS are measured on that half against the same half a year earlier instead, and revenue is measured on the latest twelve months when those are newer than the latest annual. A company whose latest EPS on that basis is still a loss fails. Unknown when neither growth figure is available and the company is not loss-making. A latest half-year that improved on the same half a year earlier is shown as supporting evidence but does not change the result. | Pass | Revenue +96.8% YoY (FY ending 2026-06-30); EPS +119.9% YoY (FY ending 2026-06-30) |
| A recognisable base core | Wait for the stock to build a proper base, such as a cup-and-handle, flat base, flag, pennant or ascending triangle, before buying. | Pass when the stock has consolidated for at least 20 sessions since first setting its high over the prior 40 sessions (the pivot), the base is no more than 25% deep from that high to its low, and the close is at or above the base low. After a breakout the base is measured as at the breakout session, so the pivot and length describe the base the stock actually cleared. We detect that a tight consolidation exists and report its depth and length; we do not classify its shape. Unknown when the base cannot be measured from price history. | Pass | 40-session base, 20.0% deep; close A$4.01 holds above the base low A$3.80 |
| Breakout on heavy volume core | Buy as the price breaks out above the top of the base on heavy volume, well above its recent average. | Pass when any of the last 5 sessions closed above the highest high of the 40 sessions before it, on volume at least 1.5 times the 50-day average. That prior 40-session high is the pivot, and we report it as the level a failed breakout falls back through. Unknown when the breakout cannot be measured from price history. Until it passes, the stock scores higher the closer its relevant measure is to this rule's trigger threshold, so the setups nearest to triggering rank first. | Fail | No close above the A$4.75 pivot on 1.5x volume in the last 5 sessions; close is -15.6% from the pivot |
| Read the market first core | Check the general market before buying anything. Most stocks follow the market, and breakouts fail in a falling one. | Read from the S&P/ASX 200 (XJO): uptrend when the index closes above its 50-day average and the 50-day is above the 200-day; neutral when it closes above the 200-day but that stack is not in place; downtrend when it closes below the 200-day. Pass on uptrend or neutral, fail on downtrend, unknown when there is not enough recent index data (fewer than 200 sessions) to read the trend. A downtrend does not hide picks; it blocks triggers and turns the strategy verdict to stand aside. | Pass | XJO neutral: above its 200-day average without a rising 50-day stack |
| Relative strength | Let winners run. The leaders of a move outperform the market on the way up. | Pass when the stock's 3-month return beats the S&P/ASX 200's 3-month return, that is, relative strength above zero. Unknown without 3 months of price history. | Fail | Lagged the S&P/ASX 200 by 11.2 points over 3 months |
| Liquid enough to trade core | Trade liquid leaders that can be bought at the breakout and sold quickly if it fails. | Pass when the average daily turnover (close times volume) over the last 20 sessions is at least A$250,000. The same floor excludes sub-cent stocks, whose prices are stored to 2 decimal places and are too coarse to measure. Unknown without 20 sessions of price and volume. | Fail | A$49k average daily turnover over 20 sessions, below the A$250k floor |
| Rule | The rule | How we test it | Result | Evidence |
|---|---|---|---|---|
| Earnings growth (C and A) core | Current quarterly earnings per share up at least 25% on the same quarter a year earlier, backed by strong annual earnings growth. | Pass when EPS is up at least 25% on the same series a year earlier (trailing twelve months where available, otherwise annual), or the company has swung from a net loss to a net profit on that same basis. ASX companies report half-yearly, not quarterly, so a trailing-twelve-month comparison is the closest honest proxy, and when a half-year result from the company's own filing is fresher, EPS is measured on that half against the same half a year earlier. Fail when the latest EPS on that basis is still a loss. Unknown when there is no EPS growth figure. | Pass | EPS +119.9% YoY (FY ending 2026-06-30) |
| Sales growth | Earnings growth should be backed by strong sales growth, not just cost cutting. | Pass when the latest annual revenue is up at least 20% on the prior year, or, when a half-year result from the company's own filing is fresher, when that half is up at least 20% on the same half a year earlier. When the latest twelve months are newer than the latest annual, they are compared with the twelve months a year before. Unknown when either period is missing. | Pass | Revenue +96.8% YoY (FY ending 2026-06-30) |
| New highs (N) core | Buy stocks emerging to new price highs from a sound base, not stocks near their lows. | Pass when the close is within 5% of the 52-week high. Unknown without a 52-week high. Until it passes, the stock scores higher the closer its relevant measure is to this rule's trigger threshold, so the setups nearest to triggering rank first. | Fail | 23.8% below the 52-week high, more than 5% away |
| Leader, not laggard (L) core | Buy the leading stocks in leading groups. O'Neil looks for a relative strength rating of 80 or more. | Pass when the stock's 6-month return minus the S&P/ASX 200's 6-month return is in the top quartile (at or above the 75th percentile) of every stock evaluated that day. Unknown without 6 months of price history. Until it passes, the stock scores higher the closer its relevant measure is to this rule's trigger threshold, so the setups nearest to triggering rank first. | Fail | 6-month relative strength -17.4 points, below the top-quartile cut-off of +0.3 |
| Market direction (M) core | Three out of four stocks follow the market's trend, so buy only when the market is in a confirmed uptrend. | Read from the S&P/ASX 200 (XJO): uptrend when the index closes above its 50-day average and the 50-day is above the 200-day; neutral when it closes above the 200-day but that stack is not in place; downtrend when it closes below the 200-day. Pass on uptrend or neutral, fail on downtrend, unknown when there is not enough recent index data (fewer than 200 sessions) to read the trend. A downtrend does not hide picks; it blocks triggers and turns the strategy verdict to stand aside. | Pass | XJO neutral: above its 200-day average without a rising 50-day stack |
| Supply and demand (S) core | Big winners show demand in their trading volume. Thinly traded stocks are hard to buy and harder to sell. | Pass when the average daily turnover (close times volume) over the last 20 sessions is at least A$250,000. The same floor excludes sub-cent stocks, whose prices are stored to 2 decimal places and are too coarse to measure. Unknown without 20 sessions of price and volume. | Fail | A$49k average daily turnover over 20 sessions, below the A$250k floor |
| Rule | The rule | How we test it | Result | Evidence |
|---|---|---|---|---|
| Above rising averages core | The price is above both the 150-day and the 200-day moving averages, and the 150-day is above the 200-day. | Pass when the close is above the 150-day simple moving average and the 150-day is above the 200-day. Unknown without 200 sessions of price history. | Fail | Close A$4.01, 150-day A$4.57, 200-day A$4.66: close is not above the 150-day; 150-day is not above the 200-day |
| 200-day trending up core | The 200-day moving average has been trending up for at least one month, and preferably four to five months. | Pass when today's 200-day simple moving average is above its value about one month (21 sessions) earlier. Unknown when either value is missing. | Fail | 200-day average A$4.66 vs A$4.75 a month ago (-1.8%): not rising |
| Well off the low core | The price is at least 30% above its 52-week low. | Pass when the close is at least 1.3 times the 52-week low. Unknown without a 52-week low. | Fail | Close A$4.01 is 6.4% above the 52-week low of A$3.77, under the 30% minimum |
| Near the high core | The price is within 25% of its 52-week high; the closer to a new high, the better. | Pass when the close is no more than 25% below the 52-week high. Unknown without a 52-week high. Until it passes, the stock scores higher the closer its relevant measure is to this rule's trigger threshold, so the setups nearest to triggering rank first. | Pass | 23.8% below the 52-week high |
| Relative strength core | The relative strength ranking is no less than 70, and preferably in the 80s or 90s. | Pass when the stock's 6-month return minus the S&P/ASX 200's 6-month return is in the top quartile (at or above the 75th percentile) of every stock evaluated that day. Unknown without 6 months of price history. Until it passes, the stock scores higher the closer its relevant measure is to this rule's trigger threshold, so the setups nearest to triggering rank first. | Fail | 6-month relative strength -17.4 points, below the top-quartile cut-off of +0.3 |
| Above the 50-day | The price is trading above the 50-day moving average. | Pass when the close is above the 50-day simple moving average. Unknown without 50 sessions of price history. | Fail | Close A$4.01 vs 50-day average A$4.29 (-6.5%) |
| Liquid enough to trade core | Focus on stocks with enough volume for institutions to accumulate them, which is what drives a sustained advance. | Pass when the average daily turnover (close times volume) over the last 20 sessions is at least A$250,000. The same floor excludes sub-cent stocks, whose prices are stored to 2 decimal places and are too coarse to measure. Unknown without 20 sessions of price and volume. | Fail | A$49k average daily turnover over 20 sessions, below the A$250k floor |
| Rule | The rule | How we test it | Result | Evidence |
|---|---|---|---|---|
| Crowded short core | A large share of the company's stock has been sold short. | Pass when the latest ASIC reported short position is at least 5% of shares on issue. Fail when it is lower or when no short position is reported. | Fail | 0.00% of shares on issue reported short, under 5% |
| Days to cover | Short sellers would need many days of normal trading to buy their shares back. | Pass when the reported short position divided by the 20-day average daily volume is at least 5 days. Fail when no short position is reported; unknown when there is no recent volume to divide by. | Fail | 0.0 days of average volume to cover, under 5 |
| Breakout on heavy volume core | The price breaks out of a base on heavy volume, the moment covering pressure starts to build. | Pass when any of the last 5 sessions closed above the highest high of the 40 sessions before it, on volume at least 1.5 times the 50-day average. That prior 40-session high is the pivot, and we report it as the level a failed breakout falls back through. Unknown when the breakout cannot be measured from price history. Until it passes, the stock scores higher the closer its relevant measure is to this rule's trigger threshold, so the setups nearest to triggering rank first. | Fail | No close above the A$4.75 pivot on 1.5x volume in the last 5 sessions; close is -15.6% from the pivot |
| Market direction | A rising market adds buyers. Squeezes can still run in a weak market, but they follow through less often. | Read from the S&P/ASX 200 (XJO): uptrend when the index closes above its 50-day average and the 50-day is above the 200-day; neutral when it closes above the 200-day but that stack is not in place; downtrend when it closes below the 200-day. Pass on uptrend or neutral, fail on downtrend, unknown when there is not enough recent index data (fewer than 200 sessions) to read the trend. Here it adds to the score but does not block a trigger. | Pass | XJO neutral: above its 200-day average without a rising 50-day stack |
| Liquid enough to trade core | Squeezes move fast, so the stock must trade enough to get in and out. | Pass when the average daily turnover (close times volume) over the last 20 sessions is at least A$250,000. The same floor excludes sub-cent stocks, whose prices are stored to 2 decimal places and are too coarse to measure. Unknown without 20 sessions of price and volume. | Fail | A$49k average daily turnover over 20 sessions, below the A$250k floor |
| Relative strength | The stock is already outperforming the market. | Pass when the stock's 3-month return beats the S&P/ASX 200's 3-month return, that is, relative strength above zero. Unknown without 3 months of price history. | Fail | Lagged the S&P/ASX 200 by 11.2 points over 3 months |
Prices to 3 Nov 2026 · Mechanical readings of published rules, not recommendations · Not financial advice