ASX Momentum Leaders — Weekly Top 10 by Quarterly Momentum

Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | Updated October 2026

The FMP ASX Momentum Leaders are the ten ASX-listed stocks with the strongest quarterly price momentum, ranked by a proprietary momentum score and updated on this page every week. For the week ending Saturday 31 October 2026, AVITA Medical, Inc. (AVH) holds the #1 momentum rank on a +253% quarterly gain, Dalaroo Metals Ltd (DAL) holds #2 with a +93% quarterly gain, and six of this week's ten names are new to the list. This page always shows the current week's Top 10; the full written analysis for each week is linked below.

Which ASX Stocks Are the Current Momentum Leaders? — Week Ending Saturday 31 October 2026

Data current as of Thursday 29 October 2026.

Rank	Company	ASX Code	Quarterly Gain	Weekly Gain	Days on List	Launch Pad Entry	Gain Since Launch Pad	Thematic
1	AVITA Medical	AVH	+253%	+6.88%	45+	—	—	Medical devices
2	Dalaroo Metals	DAL	+93%	+3.85%	17	40 sessions	+80%	Gold and rare earths explorer
3	Berkeley Energia	BKY	+71%	+6.58%	17	43 sessions	+62%	Lithium and uranium explorer
4	Ingenia Communities	INA	+20%	+13.38%	3	40 sessions	+27%	Retirement communities
5	Mount Ridley Mines	MRD	+92%	+9.09%	45+	10 sessions	+12%	Rare earths and scandium explorer
6	Wisr	WZR	+23%	+8.57%	34	—	—	Consumer lending
7	Mitchell Services	MSV	+32%	+10.25%	8	37 sessions	+25%	Mining drilling services
8	Minbos Resources	MNB	−5%	+12.50%	—	37 sessions	0%	Phosphate fertiliser developer
9	Challenger	CGF	+20%	+2.75%	8	41 sessions	+20%	Retirement income
10	Data#3	DTL	+52%	+13.31%	22	34 sessions	+42%	IT services

Six of this week's ten names — Berkeley Energia, Ingenia Communities Group, Mitchell Services, Minbos Resources, Challenger and Data#3 — are appearing in the Top 10 for the first time; Wisr returns after its first appearance on 8 August; AVITA Medical, Dalaroo Metals and Mount Ridley Mines continue from last week. Day counts are trading sessions, not calendar days, and are capped at 45 in the source data — a figure shown as "45+" means at least 45 sessions; Minbos Resources shows no day count because the source export left that field blank. Sessions on the momentum list and sessions since Launch Pad entry are separate counters drawn from separate rankings and are not expected to agree. All ten names rose over the week, with Ingenia Communities Group (+13.38%), Data#3 (+13.31%) and Minbos Resources (+12.50%) the largest weekly gains and Challenger (+2.75%) the smallest; the Weekly Gain column is the weekly share-price performance figure in the Finer Market Points export captured on Thursday 29 October 2026. Figures are drawn from Finer Market Points' proprietary momentum research.

How Does Finer Market Points Identify ASX Momentum Leaders?

Finer Market Points ranks every eligible ASX stock using a proprietary momentum score built on price performance across multiple time windows, then publishes the Top 10 here each week. Because the score weighs more than one window, a stock can reach the list on strong recent acceleration even when its full-quarter return is modest. The framework also tracks how many trading sessions each stock has held momentum status, and whether it was first flagged on the FMP Launch Pad — a separate, earlier momentum-derived signal delivered to members before the public list. Momentum leadership of this kind often appears first as relative strength and tight volatility contraction patterns on the chart, well before a theme is widely discussed.

Which Themes Have Led ASX Momentum in 2026?

Gold exploration is the most persistent active theme on the ASX momentum list Finer Market Points has recorded. It has appeared in 20 of the 23 weekly readings taken between 30 May and 31 October 2026, on a current run of 5 consecutive readings carried by 6 distinct companies.

Three specific themes are now on a run of three weekly readings or longer — health care, gold exploration and rare earths.

Health care holds the best average position of any theme still running. Its members average position 5.2 across a five-reading run carried by three companies.

Information technology and financials both return to the list this week — each carried by two distinct companies on a run of two readings, and short of Finer Market Points' three-reading qualification threshold.

Copper holds the largest reading count of any theme that has since left the list. It appeared in 18 of the 23 readings at an average position of 6.0 — carried by 19 distinct companies across the record — and was last seen on 24 October 2026.

Theme	Weeks on the list	Current run	Distinct companies	Average rank	First seen	Still leading?
Health care	16 of 23	5	3	5.2	27 Jun 2026	Yes
Gold exploration	20 of 23	5	6	6.0	13 Jun 2026	Yes
Rare earths	12 of 23	4	3	5.9	30 May 2026	Yes
Information technology	12 of 23	2	2	4.3	27 Jun 2026	Yes — re-entered 31 Oct 2026
Financials	5 of 23	2	3	6.9	25 Jul 2026	Yes — re-entered 31 Oct 2026
Copper	18 of 23	0	19	6.0	30 May 2026	No — last seen 24 Oct 2026
Battery materials	15 of 23	0	5	3.6	30 May 2026	No — last seen 26 Sep 2026
Cloud infrastructure	14 of 23	0	2	3.7	30 May 2026	No — last seen 3 Oct 2026
Green-economy exposure	14 of 23	0	5	3.9	27 Jun 2026	No — last seen 3 Oct 2026
Nickel	14 of 23	0	5	4.0	18 Jun 2026	No — last seen 26 Sep 2026
Cobalt	14 of 23	0	4	4.7	13 Jun 2026	No — last seen 26 Sep 2026

Average rank is the mean Top 10 position held by that theme's member stocks across the weeks it appeared — a lower number means the theme's stocks sat higher on the list. Current run counts consecutive weekly readings up to and including 31 October 2026.

This table is built from Finer Market Points' own weekly records — 23 readings between 30 May and 31 October 2026 — and is recalculated every Saturday from `momentum_thematic_leadership.csv`. A theme counts as a leading theme only where its run is carried by at least two distinct companies: a run carried by a single stock is a stock, not a theme. Geographic classifications, such as "African Miner" (a 7-reading run), are excluded, and the broad parent buckets that sit above these categories — Mining (19 readings, 47 companies) and Explorer (20 readings, 10 companies) — are classifications rather than themes. A place on this list measures price momentum only. It is not an assessment of any company's merit, value or prospects, and the arrival or departure of a theme is not a recommendation.

Which Themes Are Leading ASX Momentum This Week?

Rare earths and financials lead this week's list with two companies each, and gold exploration, lithium and uranium exploration, health care, retirement communities, mining drilling services, phosphate fertiliser and IT services place one name each. AVITA Medical (ASX: AVH) held rank #1 for the week ending 31 October 2026 with the largest quarterly gain on the list, +253% — see AVITA Medical's company hub page. Dalaroo Metals (ASX: DAL) held rank #2 with a quarterly gain of +93%, across a gold project in Côte d'Ivoire and a rare earths project in Greenland. Berkeley Energia (ASX: BKY) entered at rank #3 with a quarterly gain of +71%, after a maiden lithium and rubidium resource at its Conchas project in Spain. Ingenia Communities Group (ASX: INA) entered at rank #4 with a quarterly gain of +20% and the largest weekly gain on the list, +13.38%.

Mount Ridley Mines (ASX: MRD) held rank #5 with a quarterly gain of +92% — see Mount Ridley's company hub page. Wisr (ASX: WZR) returned at rank #6 with a quarterly gain of +23%. Mitchell Services (ASX: MSV) entered at rank #7 with a quarterly gain of +32%, as a provider of mining drilling services.

Minbos Resources (ASX: MNB) entered at rank #8 with a quarterly gain of −5%, the only negative quarterly reading on the list. Challenger (ASX: CGF) entered at rank #9 with a quarterly gain of +20%. Data#3 (ASX: DTL) entered at rank #10 with a quarterly gain of +52%.

How Has the FMP Launch Pad Performed This Week?

Eight of this week's ten momentum leaders carry an FMP Launch Pad entry; AVITA Medical and Wisr are the two without one. Returns since entering the Launch Pad range from 0% (Minbos Resources) to +80% (Dalaroo Metals), the standout this week; Berkeley Energia is second at +62% and Data#3 third at +42%. Across the eight the average return since entry is +33.4%, at an average of about 35 trading sessions since entry. The shortest entry is Mount Ridley Mines at 10 sessions. These figures describe historical price gains for the named stocks since they were flagged and are not a guide to future returns.

Full analysis of this week's list: ASX Top 10 Momentum Stocks — Saturday 31 October 2026.

Which ASX Companies Has Finer Market Points Researched Recently?

Finer Market Points publishes in-depth research on individual ASX companies that have appeared in the momentum framework.

• Iondrive (ASX: ION) — a rare-earth recycling technology company and a recent FMP momentum leader.

• Gateway Mining (ASX: GML) — a WA gold explorer confirming fresh-rock mineralisation at its Cowza prospect.

• Omega Oil & Gas (ASX: OMA) — a Queensland unconventional oil and gas explorer on a staged Canyon Project appraisal sequence.

• Nuix (ASX: NXL) — investigative-analytics software and the FY26 result behind its momentum run.

What Methodology Sits Behind the FMP Momentum List?

The momentum leaders on this page are identified using principles drawn from Mark Minervini's SEPA methodology and William O'Neil's market-leadership research, adapted for the ASX. For the underlying framework, see what a VCP pattern is, how relative strength leads momentum, and how clusters of sister companies signal broad capital interest in a theme.

How Can Traders Access This Research Before It Publishes?

Members receive Thursday's full Top 30 momentum list and Launch Pad data at 2pm — more than 40 hours before this public list updates each Saturday. That early access is where next week's leaders often appear first: the Launch Pad names that may feed future momentum leadership show up in the members' data before they reach the public Top 10. The same membership includes the Momentum Profile, the full proprietary research behind the rankings. Become a YouTube Member to receive the educational momentum data discussed here first each week.

Remember that past performance is no guarantee of future results, and all trading involves risk.

Frequently Asked Questions

What are the FMP ASX Momentum Leaders?

The FMP ASX Momentum Leaders are the ten ASX-listed stocks with the strongest quarterly price momentum, ranked each week by Finer Market Points using a proprietary momentum score. The list identifies the market's current momentum leaders across all sectors and is updated on this page every week.

How often is the ASX Momentum Leaders list updated?

The public list on this page is updated weekly, each Saturday. Finer Market Points members receive the fuller Top 30 momentum list and Launch Pad data on Thursday at 2pm — more than 40 hours before the public list updates.

What are this week's top ASX momentum stocks?

For the week ending 31 October 2026, the top ASX momentum stocks are AVITA Medical (AVH) at #1 with a +253% quarterly gain, Dalaroo Metals (DAL) at #2 with a +93% quarterly gain, and Berkeley Energia (BKY) at #3 with a +71% quarterly gain. The rest of the list is Ingenia Communities Group (INA), Mount Ridley Mines (MRD), Wisr (WZR), Mitchell Services (MSV), Minbos Resources (MNB), Challenger (CGF) and Data#3 (DTL). Six of the ten — Berkeley Energia, Ingenia Communities Group, Mitchell Services, Minbos Resources, Challenger and Data#3 — are appearing in the Top 10 for the first time.

Which theme has led the ASX momentum list most often in 2026?

Gold exploration is currently the most persistent active theme. It has appeared in 20 of the 23 weekly readings Finer Market Points recorded between 30 May and 31 October 2026, on a current run of 5 consecutive readings carried by 6 distinct companies. Copper holds the largest reading count of any theme that has since left the list, at 18 of 23, last seen 24 October 2026.

Has scandium appeared on the FMP momentum list before?

Yes. Scandium has appeared in four of the 23 weekly readings recorded since 30 May 2026. Sunrise Energy Metals (SRL) held rank #7 for the week ending 18 June 2026, two Fifield-district neighbours entered together for the week ending 15 August 2026 — Australian Mines (AUZ) at rank #4 and Rimfire Pacific Mining (RIM) at rank #9 — and Mount Ridley Mines (MRD) held rank #9 for the week ending 24 October 2026 and rank #5 for the week ending 31 October 2026. A theme carried by two or more distinct companies in the same week is recorded here as a theme rather than a single stock.

What is the FMP Launch Pad and how does it work?

The FMP Launch Pad is a separate momentum-derived ranking — the daily top tier of a different momentum metric — that flags ASX companies for members before they reach the public Top 10. Each stock's sessions since Launch Pad entry and its return since entry show how long ago it was flagged and how its price has moved since.

How does Finer Market Points identify ASX momentum leaders?

Finer Market Points ranks ASX stocks using a proprietary momentum score built on price performance across multiple time windows, then publishes the Top 10 here each week. The framework also tracks how many trading sessions each stock has held momentum status and whether it first appeared on the FMP Launch Pad.

How can traders access the ASX momentum list before it is published?

Traders can access the full Top 30 momentum list and Launch Pad data by becoming a Finer Market Points YouTube member. Members receive Thursday's data at 2pm — more than 40 hours before this public list updates each Saturday — along with the Momentum Profile research behind the rankings.

Sources

#	Source	Type
1	FMP Momentum Research, weekly Top 10 momentum dataset, captured Thursday 29 October 2026	FMP Proprietary Data
2	FMP Launch Pad, weekly Launch Pad dataset, captured Thursday 29 October 2026	FMP Proprietary Data
3	Secondary financial media reporting on company releases, used where the primary ASX announcement was not directly retrieved (Berkeley Energia Limited Conchas resource summary, Kalkine and smallcaps.com.au, 2026; Ingenia Communities Group October 2026 announcement summaries, The Weekly Source and Real Estate Source, 2026; Mitchell Services Limited September 2026 quarter update, InvestSMART, 2026; Minbos Resources Limited announcement summaries, Mining Weekly and Kalkine, 2026; Challenger Limited FY26 results, InvestSMART, 2026; Data#3 Limited FY26 results, Kalkine, 2026)	Secondary Reporting
4	FMP Momentum Research, thematic leadership record — 23 weekly readings, 30 May to 31 October 2026 (`momentum_thematic_leadership.csv`, recomputed each Saturday from the weekly Top 10 appearance and thematic logs)	FMP Proprietary Data
5	Finer Market Points, "What is a VCP Pattern?" (educational reference)	FMP Educational Article
6	Finer Market Points, "Relative Strength as a Leading Indicator for ASX Momentum Traders" (educational reference)	FMP Educational Article

Data note. This week's dataset was captured on Thursday 29 October 2026 before the market closed. The prices behind every percentage on this page are therefore intraday, not closing prices, and they will differ from Thursday's close and from Friday's close. The ranking, the thematic composition and the day counters are unaffected by that timing; the individual percentages should be read as accurate to the moment of capture rather than to any settled session.

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.