KeepWinning

Regime Report — week 2026-W38

In week 2026-W38 (14 September 2026 – 20 September 2026), 54.2% of the 6042 companies KeepWinning tracks across 19 markets closed the week above their own 200-day average (−3.7 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-W38 NVIDIA Corporation (NVDA) — Strong uptrendNVDA Apple Inc. (AAPL) — Strong uptrendAAPL Alphabet Inc. (GOOGL) — Strong uptrendGOOGL Alphabet Inc. (GOOG) — Strong uptrendGOOG Microsoft Corporation (MSFT) — Strong uptrendMSFT Amazon.com, Inc. (AMZN) — NeutralAMZN AstraZeneca PLC (AZN) — NeutralAZN Taiwan Semiconductor Manufacturing Company Limited (TSM) — Strong uptrendTSM Space Exploration Technologies Corp. (SPCX) — UptrendSPCX Meta Platforms, Inc. (META) — UptrendMETA ABB Ltd (ABB) — NeutralABB Broadcom Inc. (AVGO) — DowntrendAVGO Tesla, Inc. (TSLA) — NeutralTSLA SK hynix Inc. (SKHY) — Insufficient dataSKHY Investor AB (publ) (INVE A) — NeutralINVE A Novo Nordisk A/S (NOVO B) — DowntrendNOVO B Berkshire Hathaway Inc. (BRK A) — Strong uptrendBRK A Berkshire Hathaway Inc. (BRK B) — Strong uptrendBRK B Micron Technology, Inc. (MU) — Strong uptrendMU Eli Lilly and Company (LLY) — NeutralLLY Equinor ASA (EQNR) — Strong uptrendEQNR Atlas Copco AB (publ) (ATCO A) — NeutralATCO A JPMorgan Chase & Co. (JPM) — NeutralJPM Walmart Inc. (WMT) — DowntrendWMT Advanced Micro Devices, Inc. (AMD) — Strong uptrendAMD Atlas Copco AB (publ) (ATCO B) — NeutralATCO B Visa Inc. (V) — Strong uptrendV Nordea Bank Abp (NDA SE) — Strong uptrendNDA SE AB Volvo (publ) (VOLV A) — NeutralVOLV A AB Volvo (publ) (VOLV B) — NeutralVOLV B ExxonMobil Holdings Corporation (XOM) — Strong uptrendXOM Johnson & Johnson (JNJ) — Strong uptrendJNJ ASML Holding N.V. (ASML) — NeutralASML Nokia Oyj (NOKIA SEK) — Strong uptrend Intel Corporation (INTC) — Strong uptrendINTC ASML Holding N.V. (ASML) — NeutralASML Mastercard Incorporated (MA) — NeutralMA Svenska Handelsbanken AB (publ) (SHB B) — Strong uptrendSHB B Sandvik AB (publ) (SAND) — Strong uptrendSAND AbbVie Inc. (ABBV) — Strong uptrendABBV Skandinaviska Enskilda Banken AB (publ) (SEB C) — Strong uptrendSEB C DNB Bank ASA (DNB) — Strong uptrendDNB Nordea Bank Abp (NDA DK) — Strong uptrendNDA DK Swedbank AB (publ) (SWED A) — Strong uptrendSWED A Skandinaviska Enskilda Banken AB (publ) (SEB A) — Strong uptrendSEB A Oracle Corporation (ORCL) — NeutralORCL Cisco Systems, Inc. (CSCO) — NeutralCSCO Palantir Technologies Inc. (PLTR) — Strong uptrendPLTR Chevron Corporation (CVX) — Strong uptrendCVX Bank of America Corporation (BAC) — NeutralBAC Costco Wholesale Corporation (COST) — DowntrendCOST Royal Bank of Canada (RY) — NeutralRY The Coca-Cola Company (KO) — Strong uptrendKO EQT AB (publ) (EQT) — DowntrendEQT Caterpillar Inc. (CAT) — NeutralCAT Dell Technologies Inc. (DELL) — Strong uptrendDELL Merck & Co., Inc. (MRK) — Strong uptrendMRK HSBC Holdings plc (HSBC) — NeutralHSBC The Procter & Gamble Company (PG) — Strong uptrendPG Lam Research Corporation (LRCX) — NeutralLRCX UnitedHealth Group Incorporated (UNH) — NeutralUNH A.P. Møller - Mærsk A/S (MAERSK B) — Strong uptrend Applied Materials, Inc. (AMAT) — NeutralAMAT Telefonaktiebolaget LM Ericsson (publ) (ERIC A) — NeutralERIC A GE Aerospace (GE) — DowntrendGE A.P. Møller - Mærsk A/S (MAERSK A) — Strong uptrend Telefonaktiebolaget LM Ericsson (publ) (ERIC B) — NeutralERIC B Saab AB (publ) (SAAB B) — NeutralSAAB B Netflix, Inc. (NFLX) — Strong downtrendNFLX Morgan Stanley (MS) — NeutralMS Palo Alto Networks, Inc. (PANW) — Strong uptrendPANW Svenska Handelsbanken AB (publ) (SHB A) — Strong uptrendSHB A Epiroc AB (publ) (EPI A) — NeutralEPI A The Home Depot, Inc. (HD) — Strong downtrendHD Danske Bank A/S (DANSKE) — Strong uptrendDANSKE DSV A/S (DSV) — Strong downtrendDSV Philip Morris International Inc. (PM) — NeutralPM Roche Holding AG (RO) — Strong uptrendRO Corem Property Group AB (publ) (CORE D) — NeutralCORE D Royal Bank of Canada (RY) — NeutralRY Sampo Oyj (SAMPO SEK) — Downtrend The Toronto-Dominion Bank (TD) — Strong uptrendTD Shell plc (SHEL) — Strong uptrendSHEL The Goldman Sachs Group, Inc. (GS) — DowntrendGS Kongsberg Gruppen ASA (KOG) — NeutralKOG Alibaba Group Holding Limited (BABA) — Strong downtrendBABA RTX Corporation (RTX) — NeutralRTX Novartis AG (NVS) — DowntrendNVS Wells Fargo & Company (WFC) — NeutralWFC H & M Hennes & Mauritz AB (publ) (HM B) — DowntrendHM B Mitsubishi UFJ Financial Group, Inc. (MUFG) — Strong uptrendMUFG Arm Holdings plc (ARM) — Strong uptrendARM Epiroc AB (publ) (EPI B) — NeutralEPI B HSBC Holdings plc (HSBA) — NeutralHSBA AstraZeneca PLC (AZN) — NeutralAZN Hexagon AB (publ) (HEXA B) — NeutralHEXA B Arista Networks, Inc. (ANET) — Strong uptrendANET CrowdStrike Holdings, Inc. (CRWD) — Strong uptrendCRWD GE Vernova Inc. (GEV) — NeutralGEV SAP SE (SAP) — UptrendSAP Shell plc (SHELL) — Strong uptrendSHELL Thermo Fisher Scientific Inc. (TMO) — Strong uptrendTMO Texas Instruments Incorporated (TXN) — NeutralTXN Shopify Inc. (SHOP) — DowntrendSHOP Aker BP ASA (AKRBP) — Strong uptrendAKRBP AB Industrivärden (publ) (INDU A) — NeutralINDU A AB Industrivärden (publ) (INDU C) — NeutralINDU C Toyota Motor Corporation (TM) — NeutralTM Alfa Laval AB (publ) (ALFA) — NeutralALFA International Business Machines Corporation (IBM) — Strong downtrendIBM Citigroup Inc. (C) — NeutralC Sandisk Corporation (SNDK) — Strong uptrendSNDK Novartis International AG (NOVN) — DowntrendNOVN KLA Corporation (KLAC) — NeutralKLAC SAP (SAP) — UptrendSAP BHP Group Limited (BHP) — NeutralBHP Linde plc (LIN) — DowntrendLIN American Express Company (AXP) — DowntrendAXP Banco Santander, S.A. (SAN) — NeutralSAN Verizon Communications Inc. (VZ) — Strong uptrendVZ Marvell Technology, Inc. (MRVL) — Strong uptrendMRVL Salesforce, Inc. (CRM) — Strong uptrendCRM Traton SE (8TRA) — Neutral8TRA Shell plc (SHEL) — Strong uptrendSHEL Amgen Inc. (AMGN) — NeutralAMGN Siemens (SIE) — NeutralSIE L'Oréal S.A. (OR) — NeutralOR TotalEnergies SE (TTE) — Strong uptrendTTE LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC) — Strong downtrendMC Novozymes A/S (NSIS B) — Strong uptrendNSIS B Vestas Wind Systems A/S (VWS) — Strong uptrendVWS Lundin Mining Corporation (LUMI) — DowntrendLUMI The Toronto-Dominion Bank (TD) — Strong uptrendTD QUALCOMM Incorporated (QCOM) — Strong uptrendQCOM Nestlé SA (NESN) — DowntrendNESN Amphenol Corporation (APH) — NeutralAPH T-Mobile US, Inc. (TMUS) — Strong downtrendTMUS AstraZeneca PLC (AZN) — NeutralAZN Telia Company AB (publ) (TELIA) — Strong uptrendTELIA Telenor ASA (TEL) — Strong downtrendTEL The Walt Disney Company (DIS) — DowntrendDIS Novo Nordisk A/S (NVO) — DowntrendNVO Banco Santander, S.A. (SAN) — Strong uptrendSAN PepsiCo, Inc. (PEP) — Strong downtrendPEP Gilead Sciences, Inc. (GILD) — Strong uptrendGILD The Charles Schwab Corporation (SCHW) — NeutralSCHW Deere & Company (DE) — Strong uptrendDE Seagate Technology Holdings plc (STX) — Strong uptrendSTX TotalEnergies SE (TTE) — Strong uptrendTTE AT&T Inc. (T) — UptrendT
  • Strong uptrend
  • Uptrend
  • Neutral
  • Downtrend
  • Strong downtrend
Coloured by each company's trend label at the close of 20 September 2026, sized by relative market cap. Showing the 150 largest of 6050 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-W38: how each market's tracked companies stood at the close of 20 September 2026, and how that moved over the week.
MarketCompanies trackedAbove MA200Week over weekIn an uptrendRegion's indexIndex vs MA200Index MA200 slope
Nasdaq208057.0%−3.0 pp35.1%S&P 500AboveRising
NYSE181650.2%−7.0 pp26.4%S&P 500AboveRising
Stockholm66646.9%−0.6 pp32.0%OMX Stockholm 30AboveRising
London Stock Exchange26060.7%−3.5 pp35.4%———
Toronto (TSX)24459.2%−2.1 pp42.2%———
Oslo15464.2%−1.3 pp55.8%OMX Stockholm 30AboveRising
Euronext Paris14352.8%−2.8 pp19.6%———
Helsinki9668.5%−2.2 pp53.1%OMX Stockholm 30AboveRising
Borsa Italiana (Milan)8558.3%−1.2 pp31.8%———
Bolsa de Madrid8258.8%−1.2 pp36.6%———
NYSE American8240.8%unchanged34.1%S&P 500AboveRising
Copenhagen7260.6%unchanged45.8%OMX Stockholm 30AboveRising
Euronext Amsterdam6663.5%unchanged33.3%———
Euronext Brussels4957.1%−4.1 pp36.7%———
MDAX4645.7%−4.3 pp19.6%———
DAX4062.5%+2.5 pp37.5%———
SMIM2152.4%−4.7 pp23.8%———
Euronext Lisbon2055.0%+5.0 pp45.0%———
SMI2065.0%unchanged35.0%———

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.

130 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-W38, strongest trend first.
CompanyTickerMarketCountryMoved intoRevenue YoY, latest quarter
Qualys, Inc.QLYSNasdaqUnited StatesStrong uptrend11.0%
Maravai LifeSciences Holdings, Inc.MRVINasdaqUnited StatesStrong uptrend8.5%
Guardant Health, Inc.GHNasdaqUnited StatesStrong uptrend44.3%
Observit ABOBSEStockholmSwedenStrong uptrend26.9%
BayerBAYNDAXGermanyStrong uptrend1.2%
Novozymes A/SNSIS BCopenhagenDenmarkStrong uptrend9.6%
Gibson Energy Inc.GEIToronto (TSX)CanadaStrong uptrend75.2%
OEM International AB (publ)OEM BStockholmSwedenStrong uptrend16.6%
Sun Life Financial Inc.SLFToronto (TSX)CanadaStrong uptrend51.4%
Atria OyjATRAVHelsinkiFinlandStrong uptrend4.7%
CCL Industries Inc.CCL AToronto (TSX)CanadaStrong uptrend9.1%
Solstad Maritime ASASOMAOsloNorwayStrong uptrend24.1%
Hannover ReHNR1DAXGermanyStrong uptrend29.5%
Kambi Group plcKAMBIStockholmSwedenStrong uptrend13.5%
Prosegur Compañía de Seguridad, S.A.PSGBolsa de MadridSpainStrong uptrend8.9%

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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