KeepWinning

Regime Report — week 2026-W40

In week 2026-W40 (28 September 2026 – 4 October 2026), 49.8% of the 6029 companies KeepWinning tracks across 19 markets closed the week above their own 200-day average (−2.7 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-W40 NVIDIA Corporation (NVDA) — Strong uptrendNVDA Apple Inc. (AAPL) — Strong uptrendAAPL Alphabet Inc. (GOOGL) — NeutralGOOGL Alphabet Inc. (GOOG) — NeutralGOOG Microsoft Corporation (MSFT) — Strong uptrendMSFT Amazon.com, Inc. (AMZN) — NeutralAMZN Taiwan Semiconductor Manufacturing Company Limited (TSM) — Strong uptrendTSM AstraZeneca PLC (AZN) — Strong downtrendAZN Space Exploration Technologies Corp. (SPCX) — UptrendSPCX Meta Platforms, Inc. (META) — UptrendMETA ABB Ltd (ABB) — Strong uptrendABB Broadcom Inc. (AVGO) — DowntrendAVGO Tesla, Inc. (TSLA) — NeutralTSLA SK hynix Inc. (SKHY) — UptrendSKHY Investor AB (publ) (INVE A) — NeutralINVE A Micron Technology, Inc. (MU) — Strong uptrendMU Novo Nordisk A/S (NOVO B) — Strong downtrendNOVO B Berkshire Hathaway Inc. (BRK A) — NeutralBRK A Berkshire Hathaway Inc. (BRK B) — NeutralBRK B Advanced Micro Devices, Inc. (AMD) — Strong uptrendAMD Atlas Copco AB (publ) (ATCO A) — Strong uptrendATCO A Eli Lilly and Company (LLY) — NeutralLLY Equinor ASA (EQNR) — Strong uptrendEQNR JPMorgan Chase & Co. (JPM) — NeutralJPM Atlas Copco AB (publ) (ATCO B) — Strong uptrendATCO B Walmart Inc. (WMT) — Strong downtrendWMT ASML Holding N.V. (ASML) — Strong uptrendASML Visa Inc. (V) — NeutralV ExxonMobil Holdings Corporation (XOM) — Strong uptrendXOM Nordea Bank Abp (NDA SE) — NeutralNDA SE AB Volvo (publ) (VOLV A) — DowntrendVOLV A AB Volvo (publ) (VOLV B) — DowntrendVOLV B Intel Corporation (INTC) — Strong uptrendINTC Johnson & Johnson (JNJ) — NeutralJNJ ASML Holding N.V. (ASML) — Strong uptrendASML Nokia Oyj (NOKIA SEK) — Strong uptrendNOKIA SEK Mastercard Incorporated (MA) — NeutralMA Svenska Handelsbanken AB (publ) (SHB B) — Strong uptrendSHB B AbbVie Inc. (ABBV) — Strong uptrendABBV Skandinaviska Enskilda Banken AB (publ) (SEB C) — Strong uptrendSEB C Swedbank AB (publ) (SWED A) — Strong uptrendSWED A Sandvik AB (publ) (SAND) — DowntrendSAND Palantir Technologies Inc. (PLTR) — Strong uptrendPLTR Skandinaviska Enskilda Banken AB (publ) (SEB A) — Strong uptrendSEB A Cisco Systems, Inc. (CSCO) — Strong uptrendCSCO DNB Bank ASA (DNB) — NeutralDNB Lam Research Corporation (LRCX) — Strong uptrendLRCX Oracle Corporation (ORCL) — Strong downtrendORCL Nordea Bank Abp (NDA DK) — NeutralNDA DK Applied Materials, Inc. (AMAT) — Strong uptrendAMAT Costco Wholesale Corporation (COST) — DowntrendCOST Chevron Corporation (CVX) — Strong uptrendCVX Caterpillar Inc. (CAT) — Strong uptrendCAT Royal Bank of Canada (RY) — NeutralRY Bank of America Corporation (BAC) — DowntrendBAC The Coca-Cola Company (KO) — NeutralKO Dell Technologies Inc. (DELL) — Strong uptrendDELL Merck & Co., Inc. (MRK) — Strong uptrendMRK EQT AB (publ) (EQT) — DowntrendEQT The Procter & Gamble Company (PG) — DowntrendPG A.P. Møller - Mærsk A/S (MAERSK B) — Strong uptrend UnitedHealth Group Incorporated (UNH) — NeutralUNH Palo Alto Networks, Inc. (PANW) — Strong uptrendPANW Saab AB (publ) (SAAB B) — NeutralSAAB B HSBC Holdings plc (HSBC) — NeutralHSBC Arm Holdings plc (ARM) — Strong uptrendARM A.P. Møller - Mærsk A/S (MAERSK A) — Strong uptrend GE Aerospace (GE) — DowntrendGE Epiroc AB (publ) (EPI A) — Strong uptrendEPI A Svenska Handelsbanken AB (publ) (SHB A) — Strong uptrendSHB A Telefonaktiebolaget LM Ericsson (publ) (ERIC A) — DowntrendERIC A Telefonaktiebolaget LM Ericsson (publ) (ERIC B) — DowntrendERIC B Morgan Stanley (MS) — DowntrendMS Danske Bank A/S (DANSKE) — NeutralDANSKE Philip Morris International Inc. (PM) — NeutralPM Roche Holding AG (RO) — NeutralRO The Home Depot, Inc. (HD) — Strong downtrendHD Netflix, Inc. (NFLX) — Strong downtrendNFLX DSV A/S (DSV) — Strong downtrendDSV CrowdStrike Holdings, Inc. (CRWD) — Strong uptrendCRWD Shell plc (SHEL) — Strong uptrendSHEL Kongsberg Gruppen ASA (KOG) — DowntrendKOG The Toronto-Dominion Bank (TD) — NeutralTD Shopify Inc. (SHOP) — UptrendSHOP Hexagon AB (publ) (HEXA B) — UptrendHEXA B Royal Bank of Canada (RY) — NeutralRY KLA Corporation (KLAC) — Strong uptrendKLAC Epiroc AB (publ) (EPI B) — Strong uptrendEPI B Texas Instruments Incorporated (TXN) — Strong uptrendTXN Novartis AG (NVS) — DowntrendNVS Alibaba Group Holding Limited (BABA) — Strong downtrendBABA GE Vernova Inc. (GEV) — Strong uptrendGEV The Goldman Sachs Group, Inc. (GS) — DowntrendGS Sampo Oyj (SAMPO SEK) — Downtrend Arista Networks, Inc. (ANET) — Strong uptrendANET Mitsubishi UFJ Financial Group, Inc. (MUFG) — NeutralMUFG H & M Hennes & Mauritz AB (publ) (HM B) — DowntrendHM B Sandisk Corporation (SNDK) — Strong uptrendSNDK RTX Corporation (RTX) — DowntrendRTX HSBC Holdings plc (HSBA) — NeutralHSBA Marvell Technology, Inc. (MRVL) — Strong uptrendMRVL AstraZeneca PLC (AZN) — Strong downtrendAZN Wells Fargo & Company (WFC) — DowntrendWFC Corem Property Group AB (publ) (CORE D) — Strong downtrendCORE D Thermo Fisher Scientific Inc. (TMO) — Strong uptrendTMO Shell plc (SHELL) — Strong uptrendSHELL SAP SE (SAP) — UptrendSAP Alfa Laval AB (publ) (ALFA) — Strong uptrendALFA AB Industrivärden (publ) (INDU A) — NeutralINDU A AB Industrivärden (publ) (INDU C) — NeutralINDU C Novartis International AG (NOVN) — DowntrendNOVN Linde plc (LIN) — DowntrendLIN BHP Group Limited (BHP) — NeutralBHP Amgen Inc. (AMGN) — NeutralAMGN Citigroup Inc. (C) — NeutralC Aker BP ASA (AKRBP) — NeutralAKRBP Toyota Motor Corporation (TM) — Strong downtrendTM Amphenol Corporation (APH) — Strong uptrendAPH SAP (SAP) — UptrendSAP Siemens (SIE) — Strong uptrendSIE International Business Machines Corporation (IBM) — Strong downtrendIBM Lundin Mining Corporation (LUMI) — NeutralLUMI Shell plc (SHEL) — Strong uptrendSHEL American Express Company (AXP) — Strong downtrendAXP Analog Devices, Inc. (ADI) — Strong uptrendADI L'Oréal S.A. (OR) — DowntrendOR QUALCOMM Incorporated (QCOM) — Strong uptrendQCOM Shopify Inc. (SHOP) — UptrendSHOP Banco Santander, S.A. (SAN) — NeutralSAN Salesforce, Inc. (CRM) — Strong uptrendCRM Seagate Technology Holdings plc (STX) — NeutralSTX Novozymes A/S (NSIS B) — NeutralNSIS B The Toronto-Dominion Bank (TD) — NeutralTD Nestlé SA (NESN) — DowntrendNESN Traton SE (8TRA) — Neutral8TRA Verizon Communications Inc. (VZ) — NeutralVZ LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC) — Strong downtrendMC AstraZeneca PLC (AZN) — Strong downtrendAZN TotalEnergies SE (TTE) — NeutralTTE Deere & Company (DE) — Strong uptrendDE Vestas Wind Systems A/S (VWS) — Strong uptrendVWS Gilead Sciences, Inc. (GILD) — Strong uptrendGILD Ørsted A/S (ORSTED) — Neutral The Walt Disney Company (DIS) — DowntrendDIS T-Mobile US, Inc. (TMUS) — Strong downtrendTMUS Telia Company AB (publ) (TELIA) — DowntrendTELIA Essity AB (publ) (ESSITY A) — Downtrend Essity AB (publ) (ESSITY B) — Downtrend Southern Copper Corporation (SCCO) — Strong uptrendSCCO BlackRock, Inc. (BLK) — NeutralBLK
  • Strong uptrend
  • Uptrend
  • Neutral
  • Downtrend
  • Strong downtrend
Coloured by each company's trend label at the close of 4 October 2026, sized by relative market cap. Showing the 150 largest of 6036 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-W40: how each market's tracked companies stood at the close of 4 October 2026, and how that moved over the week.
MarketCompanies trackedAbove MA200Week over weekIn an uptrendRegion's indexIndex vs MA200Index MA200 slope
Nasdaq205654.2%−2.1 pp30.4%S&P 500AboveRising
NYSE181744.3%−2.3 pp21.8%S&P 500AboveRising
Stockholm67043.5%−1.8 pp30.3%OMX Stockholm 30AboveRising
London Stock Exchange26058.1%−3.9 pp34.2%———
Toronto (TSX)24656.7%−2.1 pp29.3%———
Oslo15662.8%−1.4 pp46.2%OMX Stockholm 30AboveRising
Euronext Paris14537.9%−9.0 pp14.5%———
Helsinki9754.3%−8.5 pp28.9%OMX Stockholm 30AboveRising
Borsa Italiana (Milan)8654.1%−3.5 pp25.6%———
Bolsa de Madrid8355.6%−3.7 pp25.3%———
NYSE American7837.7%−2.9 pp26.9%S&P 500AboveRising
Copenhagen7260.6%+2.9 pp40.3%OMX Stockholm 30AboveRising
Euronext Amsterdam6753.8%−7.7 pp25.4%———
Euronext Brussels4944.9%−14.3 pp24.5%———
MDAX4639.1%−2.2 pp19.6%———
DAX4057.5%−5.0 pp27.5%———
SMIM2152.4%−4.7 pp28.6%———
Euronext Lisbon2040.0%−15.0 pp30.0%———
SMI2060.0%−10.0 pp25.0%———

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.

170 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-W40, strongest trend first.
CompanyTickerMarketCountryMoved intoRevenue YoY, latest quarter
Delek US Holdings, Inc.DKNYSEUnited StatesStrong uptrend47.8%
Mips AB (publ)MIPSStockholmSwedenStrong uptrend71.9%
Sprout Social, Inc.SPTNasdaqUnited StatesStrong uptrend10.8%
Par Pacific Holdings, Inc.PARRNYSEUnited StatesStrong uptrend56.8%
ProfilGruppen AB (publ)PROF BStockholmSwedenStrong uptrend1.9%
Terranor Group AB (publ)TERNORStockholmSwedenStrong uptrend22.7%
Klaveness Combination Carriers ASAKCCOsloNorwayStrong uptrend39.0%
Headwater Exploration Inc.HWXToronto (TSX)CanadaStrong uptrend64.2%
Gibson Energy Inc.GEIToronto (TSX)CanadaStrong uptrend75.2%
CCL Industries Inc.CCL AToronto (TSX)CanadaStrong uptrend9.1%
Prosegur Cash, S.A.CASHBolsa de MadridSpainStrong uptrend3.0%
Pirelli & C. S.p.A.PIRCBorsa Italiana (Milan)ItalyStrong uptrend0.4%
Naturgy Energy Group, S.A.NTGYBolsa de MadridSpainStrong uptrend11.5%
GerresheimerGXIMDAXGermanyStrong uptrend12.4%
Skue SparebankSKUEOsloNorwayStrong uptrend16.9%

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.

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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.

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