KeepWinning

Regime Report — week 2026-W34

In week 2026-W34 (17 August 2026 – 23 August 2026), 66.3% of the 5866 companies KeepWinning tracks across 19 markets closed the week above their own 200-day average (−1.4 pp over the week).

The Regime Report is generated from the same nightly data as the rest of KeepWinning: a market-by-market trend board, then the companies whose trend changed during the week. It states what prices and reported figures have already done — never what they will do. How these rules work

Trend heatmap at the close of week 2026-W34 NVIDIA Corporation (NVDA) — Strong uptrendNVDA Apple Inc. (AAPL) — NeutralAAPL Alphabet Inc. (GOOGL) — NeutralGOOGL Alphabet Inc. (GOOG) — NeutralGOOG Microsoft Corporation (MSFT) — UptrendMSFT Amazon.com, Inc. (AMZN) — Strong uptrendAMZN AstraZeneca PLC (AZN) — Strong downtrendAZN Taiwan Semiconductor Manufacturing Company Limited (TSM) — NeutralTSM Space Exploration Technologies Corp. (SPCX) — Insufficient dataSPCX Broadcom Inc. (AVGO) — NeutralAVGO ABB Ltd (ABB) — NeutralABB Tesla, Inc. (TSLA) — Strong downtrendTSLA Meta Platforms, Inc. (META) — Strong downtrendMETA Novo Nordisk A/S (NOVO B) — NeutralNOVO B Investor AB (publ) (INVE A) — Strong uptrendINVE A SK hynix Inc. (SKHY) — Insufficient dataSKHY Eli Lilly and Company (LLY) — Strong uptrendLLY Micron Technology, Inc. (MU) — Strong uptrendMU Berkshire Hathaway Inc. (BRK B) — NeutralBRK B Berkshire Hathaway Inc. (BRK A) — NeutralBRK A Atlas Copco AB (publ) (ATCO A) — Strong uptrendATCO A Equinor ASA (EQNR) — Strong uptrendEQNR JPMorgan Chase & Co. (JPM) — Strong uptrendJPM Atlas Copco AB (publ) (ATCO B) — Strong uptrendATCO B Walmart Inc. (WMT) — DowntrendWMT Advanced Micro Devices, Inc. (AMD) — NeutralAMD AB Volvo (publ) (VOLV B) — Strong uptrendVOLV B Visa Inc. (V) — Strong uptrendV ExxonMobil Holdings Corporation (XOM) — Strong uptrendXOM ASML Holding N.V. (ASML) — NeutralASML Johnson & Johnson (JNJ) — Strong uptrendJNJ Nordea Bank Abp (NDA SE) — Strong uptrendNDA SE ASML Holding N.V. (ASML) — NeutralASML Nokia Oyj (NOKIA SEK) — Neutral Mastercard Incorporated (MA) — Strong uptrendMA Sandvik AB (publ) (SAND) — Strong uptrendSAND Intel Corporation (INTC) — NeutralINTC AbbVie Inc. (ABBV) — Strong uptrendABBV Svenska Handelsbanken AB (publ) (SHB B) — NeutralSHB B DNB Bank ASA (DNB) — Strong uptrendDNB Nordea Bank Abp (NDA DK) — Strong uptrendNDA DK Cisco Systems, Inc. (CSCO) — NeutralCSCO Skandinaviska Enskilda Banken AB (publ) (SEB C) — Strong uptrendSEB C Palantir Technologies Inc. (PLTR) — UptrendPLTR Bank of America Corporation (BAC) — Strong uptrendBAC Skandinaviska Enskilda Banken AB (publ) (SEB A) — Strong uptrendSEB A Oracle Corporation (ORCL) — NeutralORCL Costco Wholesale Corporation (COST) — NeutralCOST Swedbank AB (publ) (SWED A) — Strong uptrendSWED A Chevron Corporation (CVX) — Strong uptrendCVX EQT AB (publ) (EQT) — UptrendEQT Lam Research Corporation (LRCX) — NeutralLRCX Royal Bank of Canada (RY) — NeutralRY The Coca-Cola Company (KO) — Strong uptrendKO Applied Materials, Inc. (AMAT) — NeutralAMAT Caterpillar Inc. (CAT) — NeutralCAT Merck & Co., Inc. (MRK) — Strong uptrendMRK GE Aerospace (GE) — NeutralGE HSBC Holdings plc (HSBC) — Strong uptrendHSBC Saab AB (publ) (SAAB B) — UptrendSAAB B UnitedHealth Group Incorporated (UNH) — NeutralUNH Morgan Stanley (MS) — NeutralMS The Procter & Gamble Company (PG) — DowntrendPG The Home Depot, Inc. (HD) — Strong downtrendHD DSV A/S (DSV) — DowntrendDSV Netflix, Inc. (NFLX) — NeutralNFLX Telefonaktiebolaget LM Ericsson (publ) (ERIC A) — DowntrendERIC A Epiroc AB (publ) (EPI A) — Strong uptrendEPI A Telefonaktiebolaget LM Ericsson (publ) (ERIC B) — DowntrendERIC B A.P. Møller - Mærsk A/S (MAERSK B) — Strong uptrend The Goldman Sachs Group, Inc. (GS) — NeutralGS Roche Holding AG (RO) — Strong uptrendRO Novartis AG (NVS) — Strong uptrendNVS A.P. Møller - Mærsk A/S (MAERSK A) — Strong uptrend Danske Bank A/S (DANSKE) — Strong uptrendDANSKE Svenska Handelsbanken AB (publ) (SHB A) — Strong uptrendSHB A Philip Morris International Inc. (PM) — Strong uptrendPM Palo Alto Networks, Inc. (PANW) — Strong uptrendPANW H & M Hennes & Mauritz AB (publ) (HM B) — UptrendHM B Alibaba Group Holding Limited (BABA) — NeutralBABA Dell Technologies Inc. (DELL) — Strong uptrendDELL Royal Bank of Canada (RY) — NeutralRY RTX Corporation (RTX) — Strong uptrendRTX Corem Property Group AB (publ) (CORE D) — NeutralCORE D Sampo Oyj (SAMPO SEK) — Uptrend Kongsberg Gruppen ASA (KOG) — UptrendKOG Epiroc AB (publ) (EPI B) — Strong uptrendEPI B Shopify Inc. (SHOP) — UptrendSHOP Hexagon AB (publ) (HEXA B) — UptrendHEXA B The Toronto-Dominion Bank (TD) — NeutralTD HSBC Holdings plc (HSBA) — Strong uptrendHSBA Arm Holdings plc (ARM) — NeutralARM Shell plc (SHEL) — Strong uptrendSHEL AstraZeneca PLC (AZN) — Strong downtrendAZN GE Vernova Inc. (GEV) — NeutralGEV Wells Fargo & Company (WFC) — DowntrendWFC SAP SE (SAP) — UptrendSAP Mitsubishi UFJ Financial Group, Inc. (MUFG) — Strong uptrendMUFG BHP Group Limited (BHP) — Strong uptrendBHP Novartis International AG (NOVN) — Strong uptrendNOVN Texas Instruments Incorporated (TXN) — NeutralTXN KLA Corporation (KLAC) — NeutralKLAC Arista Networks, Inc. (ANET) — Strong uptrendANET Amgen Inc. (AMGN) — Strong uptrendAMGN Sandisk Corporation (SNDK) — NeutralSNDK Toyota Motor Corporation (TM) — NeutralTM Thermo Fisher Scientific Inc. (TMO) — Strong uptrendTMO Alfa Laval AB (publ) (ALFA) — NeutralALFA AB Industrivärden (publ) (INDU A) — NeutralINDU A AB Industrivärden (publ) (INDU C) — Strong uptrendINDU C American Express Company (AXP) — DowntrendAXP Linde plc (LIN) — NeutralLIN Aker BP ASA (AKRBP) — Strong uptrendAKRBP LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC) — Strong downtrendMC Lundin Mining Corporation (LUMI) — Strong uptrendLUMI International Business Machines Corporation (IBM) — Strong downtrendIBM Citigroup Inc. (C) — NeutralC Shell plc (SHELL) — Strong uptrendSHELL SAP (SAP) — UptrendSAP Siemens (SIE) — Strong uptrendSIE Marvell Technology, Inc. (MRVL) — Strong uptrendMRVL Banco Santander, S.A. (SAN) — Strong uptrendSAN Novozymes A/S (NSIS B) — Strong uptrendNSIS B Novo Nordisk A/S (NVO) — NeutralNVO L'Oréal S.A. (OR) — Strong uptrendOR Verizon Communications Inc. (VZ) — Strong uptrendVZ Nestlé SA (NESN) — NeutralNESN Vestas Wind Systems A/S (VWS) — Strong uptrendVWS Traton SE (8TRA) — Strong uptrend8TRA Abbott Laboratories (ABT) — UptrendABT TotalEnergies SE (TTE) — Strong uptrendTTE T-Mobile US, Inc. (TMUS) — NeutralTMUS PepsiCo, Inc. (PEP) — NeutralPEP CrowdStrike Holdings, Inc. (CRWD) — NeutralCRWD The Charles Schwab Corporation (SCHW) — Strong uptrendSCHW Shopify Inc. (SHOP) — UptrendSHOP Amphenol Corporation (APH) — NeutralAPH The Toronto-Dominion Bank (TD) — NeutralTD Seagate Technology Holdings plc (STX) — NeutralSTX McDonald's Corporation (MCD) — Strong downtrendMCD AstraZeneca PLC (AZN) — Strong downtrendAZN Shell plc (SHEL) — Strong uptrendSHEL BlackRock, Inc. (BLK) — Strong uptrendBLK The Walt Disney Company (DIS) — UptrendDIS Essity AB (publ) (ESSITY A) — Neutral Essity AB (publ) (ESSITY B) — Neutral Union Pacific Corporation (UNP) — Strong uptrendUNP Banco Santander, S.A. (SAN) — Strong uptrendSAN Telenor ASA (TEL) — Strong downtrendTEL Southern Copper Corporation (SCCO) — Strong uptrendSCCO
  • Strong uptrend
  • Uptrend
  • Neutral
  • Downtrend
  • Strong downtrend
Coloured by each company's trend label at the close of 23 August 2026, sized by relative market cap. Showing the 150 largest of 5887 companies KeepWinning tracked that week.

Regime board

"Above MA200" is the share of the companies KeepWinning tracks on that market whose close was above their own 200-day average — not a claim about the whole exchange. "Week over week" is the change in that share, in percentage points. The index columns describe the region's home index, which is a different population from the tracked companies beside it.

Regime board for week 2026-W34: how each market's tracked companies stood at the close of 23 August 2026, and how that moved over the week.
MarketCompanies trackedAbove MA200Week over weekIn an uptrendRegion's indexIndex vs MA200Index MA200 slope
Nasdaq203067.5%−0.6 pp49.7%S&P 500AboveRising
NYSE174567.6%−2.7 pp47.9%S&P 500AboveRising
Stockholm65351.9%−0.4 pp39.2%OMX Stockholm 30AboveRising
London Stock Exchange25476.9%+0.4 pp61.4%———
Toronto (TSX)23574.2%+0.8 pp52.3%———
Oslo14869.7%−1.4 pp61.5%OMX Stockholm 30AboveRising
Euronext Paris13763.5%−8.8 pp43.1%———
Helsinki9465.9%+2.2 pp55.3%OMX Stockholm 30AboveRising
Borsa Italiana (Milan)8365.9%−4.8 pp39.8%———
Bolsa de Madrid7868.4%−6.6 pp46.2%———
NYSE American7656.1%+10.6 pp48.7%S&P 500AboveRising
Copenhagen7266.2%−5.6 pp58.3%OMX Stockholm 30AboveRising
Euronext Amsterdam6575.8%+4.8 pp52.3%———
Euronext Brussels4963.3%−8.1 pp40.8%———
MDAX4656.5%unchanged30.4%———
DAX4072.5%−5.0 pp57.5%———
SMIM2166.7%−9.5 pp33.3%———
Euronext Lisbon2070.0%+5.0 pp40.0%———
SMI2075.0%−5.0 pp45.0%———

Companies that moved into an uptrend

Every company below moved into Uptrend or Strong uptrend during the reported week, having been below that the week before, and grew its latest reported quarterly revenue year over year. They are ordered by trend label and then by momentum, with at most 3 per country. The full rule set, including what is NOT considered, is published on the methodology page.

187 companies met the first two rules; the 15 below are what remains after the per-country cap and the length limit.

Companies that moved into an uptrend during week 2026-W34, strongest trend first.
CompanyTickerMarketCountryMoved intoRevenue YoY, latest quarter
trivago N.V.TRVGNasdaqUnited StatesStrong uptrend20.9%
Maravai LifeSciences Holdings, Inc.MRVINasdaqUnited StatesStrong uptrend8.5%
Bruker CorporationBRKRNasdaqUnited StatesStrong uptrend5.2%
Boozt AB (publ)BOOZTStockholmSwedenStrong uptrend0.6%
Boozt AB (publ)BOOZT DKKCopenhagenDenmarkStrong uptrend0.6%
Ependion ABEPENStockholmSwedenStrong uptrend21.6%
Veteranpoolen AB ser. BVPAB BStockholmSwedenStrong uptrend13.7%
argenx SEARGXEuronext BrusselsBelgiumStrong uptrend59.8%
Aena S.M.E., S.A.AENABolsa de MadridSpainStrong uptrend9.5%
South Bow CorporationSOBOToronto (TSX)CanadaStrong uptrend4.2%
Novartis International AGNOVNSMISwitzerlandStrong uptrend0.8%
Fuchs PetrolubFPE3MDAXGermanyStrong uptrend21.5%
H. Lundbeck A/SHLUN ACopenhagenDenmarkStrong uptrend14.3%
F-Secure OyjFSECUREHelsinkiFinlandStrong uptrend8.0%
Aker Solutions ASAAKSOOsloNorwayStrong uptrend6.8%

About this report

Produced by Wroughtery (Simon Kodu), a sole trader based in Sweden.

Rules-based screen output, not a recommendation — no price targets, no buy/sell ratings.

The producer may hold positions in companies named in this output.

The full rule set is published at /methodology.

Get the Regime Report every Monday — free.

One email a week: how each market KeepWinning tracks is trending, and the companies whose trend changed during the week. Rules-based, published in full, no opinions.

We send a confirmation link first — you are subscribed only after you click it. Unsubscribe in one click, any time. Privacy policy

Read next