Momentum Leaders
Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | April 2026
What Are the FMP Momentum Leaders?
The FMP Momentum Leaders list is the centrepiece of Finer Market Points' thematic momentum research — a weekly ranking of the 10 strongest-performing ASX stocks by quarterly price performance. Thematic momentum research at FMP means identifying which investment themes are driving market leadership right now, classifying each company as a core, peripheral, or adjacent participant in that theme, and tracking how long that leadership persists. Stocks cannot appear on this list without first appearing on the FMP Launch Pad — the early-warning signal that identifies emerging momentum candidates before they reach the Top 10.
How FMP Identifies Momentum Leaders
FMP calculates quarterly price performance across all ASX-listed stocks and ranks the top 30 by momentum score — a composite measure that weights both the magnitude and the recency of price gains. From this Top 30, the 10 strongest performers are published weekly as the Momentum Leaders.
The Launch Pad is a secondary measure within the Top 30 framework. It identifies stocks showing early-stage momentum characteristics — accelerating price change, thematic alignment, and improving relative strength — before they break into the Top 10. Historically, patterns like this have preceded significant moves, though past performance is no guarantee of future results.
The framework is updated every Saturday. Members of the FMP community receive the data at 2pm each Friday — before public publication.
This Week's Top 10 Momentum Leaders — 23 April 2026
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Leading Thematics This Week
Leading Thematics This Week
Critical Minerals and Exploration dominates this week's list with four constituents: OD6 (rare earth elements), KLI (gold and copper), PR1 (copper, nickel, and battery metals), and ALR (gold, cobalt, and lithium). This breadth across multiple sub-commodities suggests the theme has structural support rather than a single episodic catalyst — KLI's 330% gain since Launch Pad entry 45 days ago is consistent with sustained exploration momentum. For related research, see Apollo Minerals (ASX: AON) ] and Dateline Resources (ASX: DTR).
FMP's critical minerals thematic hub will be linked here as it is published.
AI and Technology holds three positions: FTI (Fortifai — AI infrastructure), EIQ (AI-powered cardiac diagnostics), and SPN (Sparc Technologies — green hydrogen and graphene). EIQ's 179% quarterly gain places it second on the list overall and also straddles the Healthcare theme. For educational context, these names show characteristics consistent with early-stage technology thematics where episodic momentum events tend to cluster around commercial or regulatory milestones.
FMP's AI thematic hub will be linked here as it is published.
Healthcare and Biotech features SPL (Starpharma — Phase II oncology trials), with EIQ as a secondary crossover name. Defence holds one position with OEC (Orbital Corporation — UAV propulsion systems), and Digital Infrastructure with SKS (SKS Technologies Group — a profitable, dividend-paying industrial, structurally distinct from the exploration-stage names elsewhere on the list).
FMP's thematic hubs for each of these themes will be linked here as they are published.
Thematic Research Hub
FMP maintains a permanent research record for each major investment theme. Each hub page documents which companies have appeared in the momentum framework, what drove each cycle, and how long momentum persisted. These pages are updated each time a new company article or weekly update references that theme.
Active thematic hubs will appear here as they are published. Themes currently in development: Gold, Copper, Energy and Oil & Gas, Uranium, Critical Minerals, AI and Medical Technology, Defence.
Recent Company Research
Recent Company Research
FMP publishes in-depth research on individual ASX companies that have appeared in the momentum framework.
EMC Gold (ASX: EM3) — The Under-Researched ASX Micro-Cap Gold Stock That Moved 144% in a Single Day
Yancoal (ASX: YAL) — Iran War Coal Price Momentum
Learn the Momentum Trading Methodology
The FMP momentum framework is built on Mark Minervini's SEPA methodology and the Volatility Contraction Pattern (VCP). Understanding these methods helps explain why certain stocks appear on the Momentum Leaders list and what their chart structures mean in educational context. Complete VCP Trading Guide for ASX Markets and What is Mark Minervini's Trading Strategy? The Complete SEPA & VCP Guide
How to Access This Research Before It Publishes
FMP YouTube Members receive the weekly Momentum Leaders list at 2pm every Friday — 19 hours before public publication — along with the full Launch Pad List showing the stocks most likely to become next week's leaders.
Subscribe free to the Finer Market Points YouTube channel for weekly analysis, sector breakdowns, and market education at no cost.
Upgrade to YouTube Membership to receive the daily 2pm momentum update and the weekly Launch Pad List.
How to Access This Research Before It Publishes
How to Access This Research Before It Publishes
How to Access This Research Before It Publishes
FMP YouTube Members receive the weekly Momentum Leaders list at 2pm every Friday — 19 hours before public publication — along with the full Launch Pad List showing the stocks most likely to become next week's leaders.
Subscribe free to the Finer Market Points YouTube channel for weekly analysis, sector breakdowns, and market education at no cost.
Upgrade to YouTube Membership to receive the daily 2pm momentum update and the weekly Launch Pad List.
How to Access This Research Before It Publishes
How to Access This Research Before It Publishes
How to Access This Research Before It Publishes
FMP YouTube Members receive the weekly Momentum Leaders list at 2pm every Friday — 19 hours before public publication — along with the full Launch Pad List showing the stocks most likely to become next week's leaders.
Subscribe free to the Finer Market Points YouTube channel for weekly analysis, sector breakdowns, and market education at no cost.
Upgrade to YouTube Membership to receive the daily 2pm momentum update and the weekly Launch Pad List.
How to Access This Research Before It Publishes
How to Access This Research Before It Publishes
How to Access This Research Before It Publishes
FMP YouTube Members receive the weekly Momentum Leaders list at 2pm every Friday — 19 hours before public publication — along with the full Launch Pad List showing the stocks most likely to become next week's leaders.
Subscribe free to the Finer Market Points YouTube channel for weekly analysis, sector breakdowns, and market education at no cost.
Upgrade to YouTube Membership to receive the daily 2pm momentum update and the weekly Launch Pad List.
How to Access This Research Before It Publishes
How to Access This Research Before It Publishes
How to Access This Research Before It Publishes
FMP YouTube Members receive the weekly Momentum Leaders list at 2pm every Friday — 19 hours before public publication — along with the full Launch Pad List showing the stocks most likely to become next week's leaders.
Subscribe free to the Finer Market Points YouTube channel for weekly analysis, sector breakdowns, and market education at no cost.
Upgrade to YouTube Membership to receive the daily 2pm momentum update and the weekly Launch Pad List.
How to Access This Research Before It Publishes
How to Access This Research Before It Publishes
Frequently Asked Questions
What is the FMP Momentum Leaders list?
The FMP Momentum Leaders list ranks ASX-listed stocks by their quarterly price performance, updated weekly. It identifies the 10 strongest-performing stocks across all sectors, grouped by investment theme. It is published by Finer Market Points for educational purposes only and does not constitute financial advice.
How does FMP calculate momentum?
The FMP Momentum Leaders list ranks ASX-listed stocks by their quarterly price performance, updated weekly. It identifies the 10 strongest-performing stocks across all sectors, grouped by investment theme. It is published by Finer Market Points for educational purposes only and does not constitute financial advice.
FMP calculates quarterly price performance across ASX-listed stocks and produces a momentum score that weights both the size and the recency of price gains. The top 30 stocks by momentum score form the FMP Top 30 list. The top 10 of those are the weekly Momentum Leaders.
What is the FMP Launch Pad?
The Launch Pad identifies stocks within the Top 30 showing early-stage momentum characteristics before they break into the Top 10. It flags potential emerging leaders based on rate of price change and thematic alignment. Historically, patterns like this have preceded significant moves, though past performance is no guarantee of future results.
What is the FMP Momentum Leaders list?
The Launch Pad identifies stocks within the Top 30 showing early-stage momentum characteristics before they break into the Top 10. It flags potential emerging leaders based on rate of price change and thematic alignment. Historically, patterns like this have preceded significant moves, though past performance is no guarantee of future results.
How often is the Momentum Leaders list updated?
How often is the Momentum Leaders list updated?
FMP calculate and use the list each day. Members get access to the Top 10 each day by 3pm - before public release the following trading day.
Is this financial advice?
No. This content is for educational purposes only and does not constitute financial advice. It is published by Finer Market Points Pty Ltd, CAR 1304002, AFSL 526688, ABN 87 645 284 680. Past performance is no guarantee of future results. Consider your objectives and financial situation before acting, and seek appropriate professional advice.
What investment themes does FMP track?
FMP currently tracks around 380 different market thematics represented on the ASX including their Momentum Scores, Launch Pad ranks, performance, coils, correlations, constituent numbers and other proprietary data points. Examples range from Lithium to AI, Uranium to Cardiovascular exposures, defence to European miners.
FMP currently tracks around 380 different market thematics represented on the ASX, including momentum scores, Launch Pad ranks, performance, coils, correlations, constituent numbers, and other proprietary data points. Themes range from lithium to AI, uranium to cardiovascular exposures, defence to European miners.
Can I access FMP momentum research on international stocks?
Can I access FMP momentum research on international stocks?
Can I access FMP momentum research on international stocks?
The current Momentum Leaders list focuses on ASX-listed stocks for now. FMP's architecture is designed to share our research to the public for these other markets too.
DISCLAIMER
Educational Disclaimer: This content is for educational purposes only and does not constitute financial advice. Past performance is no guarantee of future results. Consider your financial situation and seek professional advice before making investment decisions.
Finer Market Points Pty Ltd, CAR 1304002, AFSL 526688, ABN 87 645 284 680. This general information is educational only and not financial advice, recommendation, forecast or solicitation. Consider your objectives, financial situation and needs before acting. Seek appropriate professional advice. We accept no liability for any loss or damages arising from use.
Authors and presenters may hold positions in discussed companies and investment products.