Momentum Leaders
Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | May 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 — 20 May 2026
Data as at 20 May 2026. Past performance is no guarantee of future results.
Leading Thematics This Week
Leading Thematics This Week
Technology holds three positions this week: Adisyn (AI1 — AI and digital identity), Megaport (MP1 — cloud networking infrastructure), and Weebit Nano (WBT — semiconductor memory). Adisyn's 37-day presence at +367% quarterly gain signals a structural institutional rerate rather than a single catalyst. Megaport's +27% weekly gain alongside Weebit Nano's +21% in the same week reinforces breadth across the sector — a characteristic consistent with sustained thematic accumulation rather than isolated episodic momentum. For pattern context, the FMP Complete VCP Trading Guide for ASX Markets covers the base structures commonly associated with this type of persistent leader. FMP's technology thematic hub will be linked here as it is published.
Clean Energy enters with two new names this week: Carnegie Clean Energy (CCE, +44% weekly) and Gold Hydrogen (GHY, +43% weekly), both making their Top 30 debut simultaneously. Both were identified by the FMP Launch Pad 44–45 days prior. The simultaneous entry of two clean energy names with near-identical weekly gains points to a thematic catalyst — policy, capital flows, or sector rotation — that had been building below the surface. FMP's clean energy thematic hub will be linked here as it is published.
Critical and Precious Minerals holds the top rank this week with Resource Mining Corporation (RMI, +140.74% quarterly, 30 days on list). RMI's project portfolio spans copper-gold in Tanzania and the Kola Lithium Project in Finland, adjacent to the Keliber lithium project currently in production — a multi-commodity profile across copper, gold, and lithium that aligns with three themes sustaining ASX momentum through 2026. FMP's critical minerals thematic hub will be linked here as it is published.
Oil and Gas holds one position: Jade Gas Holdings (JGH, +176% quarterly, 38 days on list, +25% this week). A positive weekly gain at day 38 of momentum persistence is an unusual durability signal. Also present this week: Besra Gold (BEZ, +73%, 45 days), Anteris Technologies (AVR, +43%, Healthcare/MedTech, new entrant), and Absolute Equity Performance Fund (AEG, +182%, Financial Services — property funds management pivot). FMP's thematic hubs for these themes will be linked here as they are published.
Launch Pad Performance This Week
Nine of this week's 10 momentum leaders were identified by the FMP Launch Pad before appearing on the public Top 10 list. The Launch Pad — accessible to FMP YouTube Members through the Momentum Leaders research hub — surfaces stocks building toward Top 30 qualification before they arrive there publicly.
The best Launch Pad performer this week is Adisyn (ASX: AI1) at +357.45% since identification 45 days ago. Second is Jade Gas Holdings (ASX: JGH) at +155.56% across the same lead time. Three companies — AI1, JGH, and Carnegie Clean Energy (CCE) — were all identified by the Launch Pad 45 days before this week's public list, meaning members with access to that Thursday's data were positioned 45 days before those stocks reached mainstream momentum visibility. Across the nine companies with Launch Pad data, the average gain since identification is approximately +86.9%.
Besra Gold (BEZ) is the one exception — identified by the Launch Pad only 3 days ago despite 45 days on the Top 30 list, reflecting a stock that built slowly through momentum qualification criteria before triggering the Launch Pad's secondary screen. Understanding the base-building characteristics that precede these kinds of extended momentum runs — contraction sequences, volume behaviour, trend structure — is covered in the FMP Complete VCP Trading Guide for ASX Markets.
Past performance is no guarantee of future results. Launch Pad return figures reflect historical gains for the stocks identified; they do not represent guaranteed outcomes.
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
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.
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.
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.
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.
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.
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.