KeepWinning

Regime Report — week 2026-W39

In week 2026-W39 (21 September 2026 – 27 September 2026), 52.5% of the 6017 companies KeepWinning tracks across 18 markets closed the week above their own 200-day average (−1.6 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-W39 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 AstraZeneca PLC (AZN) — NeutralAZN Taiwan Semiconductor Manufacturing Company Limited (TSM) — Strong uptrendTSM Meta Platforms, Inc. (META) — UptrendMETA Space Exploration Technologies Corp. (SPCX) — UptrendSPCX ABB Ltd (ABB) — Strong uptrendABB Broadcom Inc. (AVGO) — DowntrendAVGO Tesla, Inc. (TSLA) — NeutralTSLA SK hynix Inc. (SKHY) — UptrendSKHY Investor AB (publ) (INVE A) — Strong uptrendINVE A Micron Technology, Inc. (MU) — Strong uptrendMU Novo Nordisk A/S (NOVO B) — DowntrendNOVO B Berkshire Hathaway Inc. (BRK A) — NeutralBRK A Berkshire Hathaway Inc. (BRK B) — NeutralBRK B Eli Lilly and Company (LLY) — Strong uptrendLLY Advanced Micro Devices, Inc. (AMD) — Strong uptrendAMD Atlas Copco AB (publ) (ATCO A) — Strong uptrendATCO A Equinor ASA (EQNR) — Strong uptrendEQNR JPMorgan Chase & Co. (JPM) — NeutralJPM Atlas Copco AB (publ) (ATCO B) — Strong uptrendATCO B Walmart Inc. (WMT) — DowntrendWMT Visa Inc. (V) — NeutralV Nordea Bank Abp (NDA SE) — Strong uptrendNDA SE Intel Corporation (INTC) — Strong uptrendINTC ExxonMobil Holdings Corporation (XOM) — Strong uptrendXOM AB Volvo (publ) (VOLV A) — NeutralVOLV A ASML Holding N.V. (ASML) — Strong uptrendASML AB Volvo (publ) (VOLV B) — NeutralVOLV B Johnson & Johnson (JNJ) — Strong uptrendJNJ 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 Sandvik AB (publ) (SAND) — Strong uptrendSAND AbbVie Inc. (ABBV) — Strong uptrendABBV Palantir Technologies Inc. (PLTR) — Strong uptrendPLTR Swedbank AB (publ) (SWED A) — Strong uptrendSWED A Skandinaviska Enskilda Banken AB (publ) (SEB C) — Strong uptrendSEB C Skandinaviska Enskilda Banken AB (publ) (SEB A) — Strong uptrendSEB A Nordea Bank Abp (NDA DK) — Strong uptrendNDA DK DNB Bank ASA (DNB) — Strong uptrendDNB Oracle Corporation (ORCL) — Strong downtrendORCL Cisco Systems, Inc. (CSCO) — NeutralCSCO Chevron Corporation (CVX) — Strong uptrendCVX Costco Wholesale Corporation (COST) — DowntrendCOST Bank of America Corporation (BAC) — NeutralBAC Royal Bank of Canada (RY) — NeutralRY Lam Research Corporation (LRCX) — Strong uptrendLRCX The Coca-Cola Company (KO) — Strong uptrendKO Applied Materials, Inc. (AMAT) — NeutralAMAT Caterpillar Inc. (CAT) — NeutralCAT Merck & Co., Inc. (MRK) — Strong uptrendMRK EQT AB (publ) (EQT) — DowntrendEQT HSBC Holdings plc (HSBC) — NeutralHSBC Dell Technologies Inc. (DELL) — Strong uptrendDELL The Procter & Gamble Company (PG) — UptrendPG UnitedHealth Group Incorporated (UNH) — NeutralUNH Saab AB (publ) (SAAB B) — Strong uptrendSAAB B A.P. Møller - Mærsk A/S (MAERSK B) — Strong uptrend GE Aerospace (GE) — NeutralGE Arm Holdings plc (ARM) — Strong uptrendARM A.P. Møller - Mærsk A/S (MAERSK A) — Strong uptrend Palo Alto Networks, Inc. (PANW) — Strong uptrendPANW 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 Morgan Stanley (MS) — NeutralMS Telefonaktiebolaget LM Ericsson (publ) (ERIC B) — DowntrendERIC B Danske Bank A/S (DANSKE) — Strong uptrendDANSKE Roche Holding AG (RO) — Strong uptrendRO Netflix, Inc. (NFLX) — Strong downtrendNFLX Philip Morris International Inc. (PM) — Strong uptrendPM DSV A/S (DSV) — Strong downtrendDSV The Home Depot, Inc. (HD) — Strong downtrendHD Kongsberg Gruppen ASA (KOG) — NeutralKOG Corem Property Group AB (publ) (CORE D) — UptrendCORE D The Toronto-Dominion Bank (TD) — Strong uptrendTD Royal Bank of Canada (RY) — NeutralRY Alibaba Group Holding Limited (BABA) — Strong downtrendBABA Novartis AG (NVS) — DowntrendNVS Shell plc (SHEL) — Strong uptrendSHEL The Goldman Sachs Group, Inc. (GS) — DowntrendGS CrowdStrike Holdings, Inc. (CRWD) — Strong uptrendCRWD Epiroc AB (publ) (EPI B) — Strong uptrendEPI B Shopify Inc. (SHOP) — UptrendSHOP Hexagon AB (publ) (HEXA B) — UptrendHEXA B Sampo Oyj (SAMPO SEK) — Downtrend Arista Networks, Inc. (ANET) — Strong uptrendANET H & M Hennes & Mauritz AB (publ) (HM B) — DowntrendHM B Sandisk Corporation (SNDK) — Strong uptrendSNDK HSBC Holdings plc (HSBA) — NeutralHSBA AstraZeneca PLC (AZN) — NeutralAZN GE Vernova Inc. (GEV) — NeutralGEV RTX Corporation (RTX) — DowntrendRTX Mitsubishi UFJ Financial Group, Inc. (MUFG) — Strong uptrendMUFG Thermo Fisher Scientific Inc. (TMO) — Strong uptrendTMO Wells Fargo & Company (WFC) — DowntrendWFC Texas Instruments Incorporated (TXN) — Strong uptrendTXN KLA Corporation (KLAC) — NeutralKLAC SAP SE (SAP) — UptrendSAP Shell plc (SHELL) — Strong uptrendSHELL AB Industrivärden (publ) (INDU A) — Strong uptrendINDU A AB Industrivärden (publ) (INDU C) — Strong uptrendINDU C Alfa Laval AB (publ) (ALFA) — Strong uptrendALFA Marvell Technology, Inc. (MRVL) — Strong uptrendMRVL Novartis International AG (NOVN) — NeutralNOVN Aker BP ASA (AKRBP) — Strong uptrendAKRBP Citigroup Inc. (C) — Strong uptrendC Toyota Motor Corporation (TM) — NeutralTM Amgen Inc. (AMGN) — Strong uptrendAMGN Siemens (SIE) — Strong uptrendSIE BHP Group Limited (BHP) — NeutralBHP Linde plc (LIN) — DowntrendLIN SAP (SAP) — UptrendSAP International Business Machines Corporation (IBM) — Strong downtrendIBM Shell plc (SHEL) — Strong uptrendSHEL QUALCOMM Incorporated (QCOM) — Strong uptrendQCOM Banco Santander, S.A. (SAN) — Strong uptrendSAN Lundin Mining Corporation (LUMI) — NeutralLUMI American Express Company (AXP) — Strong downtrendAXP Seagate Technology Holdings plc (STX) — Strong uptrendSTX Amphenol Corporation (APH) — Strong uptrendAPH Novozymes A/S (NSIS B) — NeutralNSIS B TotalEnergies SE (TTE) — Strong uptrendTTE L'Oréal S.A. (OR) — NeutralOR Vestas Wind Systems A/S (VWS) — Strong uptrendVWS Traton SE (8TRA) — Neutral8TRA Nestlé SA (NESN) — DowntrendNESN Verizon Communications Inc. (VZ) — NeutralVZ Salesforce, Inc. (CRM) — Strong uptrendCRM LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC) — Strong downtrendMC The Toronto-Dominion Bank (TD) — NeutralTD AstraZeneca PLC (AZN) — NeutralAZN Deere & Company (DE) — Strong uptrendDE Shopify Inc. (SHOP) — UptrendSHOP Gilead Sciences, Inc. (GILD) — Strong uptrendGILD Analog Devices, Inc. (ADI) — Strong uptrendADI Ørsted A/S (ORSTED) — DowntrendORSTED Banco Santander, S.A. (SAN) — Strong uptrendSAN The Walt Disney Company (DIS) — Strong uptrendDIS Telia Company AB (publ) (TELIA) — Strong uptrendTELIA T-Mobile US, Inc. (TMUS) — Strong downtrendTMUS Abbott Laboratories (ABT) — DowntrendABT TotalEnergies SE (TTE) — Strong uptrendTTE Essity AB (publ) (ESSITY A) — DowntrendESSITY A
  • Strong uptrend
  • Uptrend
  • Neutral
  • Downtrend
  • Strong downtrend
Coloured by each company's trend label at the close of 27 September 2026, sized by relative market cap. Showing the 150 largest of 6043 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-W39: how each market's tracked companies stood at the close of 27 September 2026, and how that moved over the week.
MarketCompanies trackedAbove MA200Week over weekIn an uptrendRegion's indexIndex vs MA200Index MA200 slope
Nasdaq207056.3%−0.8 pp32.9%S&P 500AboveRising
NYSE181646.6%−3.5 pp23.1%S&P 500AboveRising
Stockholm66545.3%−0.9 pp32.3%OMX Stockholm 30AboveRising
London Stock Exchange26061.6%+0.9 pp38.8%———
Toronto (TSX)24758.5%−0.8 pp37.2%———
Oslo15564.2%−0.7 pp53.5%OMX Stockholm 30AboveRising
Euronext Paris14446.9%−2.8 pp20.8%———
Helsinki9762.8%−8.2 pp46.4%OMX Stockholm 30AboveRising
Borsa Italiana (Milan)8656.5%−3.5 pp33.7%———
Bolsa de Madrid8359.3%+1.3 pp28.9%———
NYSE American8040.8%unchanged30.0%S&P 500AboveRising
Copenhagen7257.7%−1.5 pp48.6%OMX Stockholm 30AboveRising
Euronext Amsterdam6660.9%−1.0 pp34.8%———
Euronext Brussels4959.2%+4.1 pp42.9%———
MDAX4641.3%−2.2 pp19.6%———
DAX4062.5%+5.0 pp32.5%———
SMIM2157.1%unchanged38.1%———
SMI2070.0%+5.0 pp40.0%———

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.

219 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-W39, strongest trend first.
CompanyTickerMarketCountryMoved intoRevenue YoY, latest quarter
The Cheesecake Factory IncorporatedCAKENasdaqUnited StatesStrong uptrend5.6%
TrueBlue, Inc.TBINYSEUnited StatesStrong uptrend11.8%
Bioventus Inc.BVSNasdaqUnited StatesStrong uptrend3.8%
Pandora A/SPNDORACopenhagenDenmarkStrong uptrend2.0%
Getinge AB (publ)GETI BStockholmSwedenStrong uptrend1.7%
BayerBAYNDAXGermanyStrong uptrend1.2%
Mullen Group Ltd.MTLToronto (TSX)CanadaStrong uptrend12.6%
EvonikEVKMDAXGermanyStrong uptrend11.3%
SP Group A/SSPGCopenhagenDenmarkStrong uptrend44.6%
Banco BPM S.p.A.BAMIBorsa Italiana (Milan)ItalyStrong uptrend4.6%
Tecnotree OyjTEM1VHelsinkiFinlandStrong uptrend15.0%
Saab AB (publ)SAAB BStockholmSwedenStrong uptrend28.6%
Bausch + Lomb CorporationBLCOToronto (TSX)CanadaStrong uptrend9.1%
Harvia OyjHARVIAHelsinkiFinlandStrong uptrend11.7%
Atlas Copco AB (publ)ATCO AStockholmSwedenStrong uptrend9.1%

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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