ASX Top 10 Momentum Stocks — Saturday 10 October 2026
Written by Christopher Hall, AdvDipFP | Authorised Representative, AFSL 526688 | October 2026
Micro-X (ASX: MX1) leads the FMP Top 10 for the week ending 10 October 2026, ranked #1 with a momentum score of 0.5595 on a +131.25% quarterly gain and a +34.55% weekly gain, ahead of Mamba Exploration (ASX: M24) at #2 on a +216.67% quarterly gain. Copper is the leading theme, represented by four of the ten names (Mamba Exploration, Arrow Minerals, BOA Resources and Recharge Metals), followed by gold exploration with three and rare earths and health care with two each. The list shows heavy rotation: four of the ten companies — Mamba Exploration, Dalaroo Metals, Ionic Rare Earths and Cettire — are appearing in the published FMP Top 10 for the first time, and five names from last week's list have dropped out.
Which ASX Stocks Led the Momentum List for the Week Ending 10 October 2026?
Micro-X Limited (ASX: MX1) ranked #1 on the Finer Market Points ASX Top 10 momentum list for the week ending 10 October 2026, with a quarterly gain of +131.25%, a weekly gain of +34.55% and 13 sessions on the Top 30. The table below sets out all ten names.
Rank | Company | ASX Code | Quarterly Gain | Weekly Gain | Days on List | Launch Pad Entry | Gain Since Launch Pad | Thematic |
1 | Micro-X | MX1 | +131.25% | +34.55% | 13 | 15 | +196.00% | Medical Imaging |
2 | Mamba Exploration | M24 | +216.67% | −19.72% | 15 | 38 | +216.67% | Gold Exploration / Copper |
3 | Arrow Minerals | AMD | +1,066.67% | −5.41% | 44 | 45+ | +483.33% | Iron Ore / Copper / Bauxite |
4 | BOA Resources | BOA | +165.08% | +1.21% | 19 | 44 | +183.05% | Copper / Lithium |
5 | Dalaroo Metals | DAL | +64.86% | +62.67% | 3 | 25 | +62.67% | Gold Exploration / Rare Earths |
6 | Ionic Rare Earths | IXR | +83.10% | +5.69% | 23 | 30 | +88.41% | Rare Earths |
7 | Cettire | CTT | +60.54% | +4.21% | 44 | 8 | +26.38% | Online Fashion Retail |
8 | AVITA Medical | AVH | +229.82% | +2.45% | 45+ | 45+ | +85.22% | Medical Devices |
9 | Recharge Metals | REC | +95.00% | +18.18% | 24 | 37 | +56.00% | Gold Exploration / Copper |
10 | Codan | CDA | +55.20% | −4.42% | 9 | 40 | +46.10% | Defence Electronics |
Arrow Minerals (ASX: AMD) holds the largest quarterly gain on the list at +1,066.67%, down from +1,300.00% on the 3 October list, and moved from #1 to #3 on a −5.41% weekly move.
Which Themes Are Driving ASX Momentum This Week?
Three themes place more than one company in the Top 10 this week: copper (four names), gold exploration (three) and rare earths and health care (two each). Lithium, iron ore, defence electronics and online fashion retail each place one.
Which copper stocks lead the list?
Copper is the most widely held theme on the list, carried by Mamba Exploration (ASX: M24, #2), Arrow Minerals (ASX: AMD, #3), BOA Resources (ASX: BOA, #4) and Recharge Metals (ASX: REC, #9) — an average list rank of 4.5 across four distinct companies. The four hold copper through different projects: Mamba through its Copper Hills sediment-hosted copper prospect at Meeka East, Arrow through the Yarraloola Copper Project in the West Pilbara, BOA through the Neds Creek Copper Project and a pending acquisition of the Thaduna and Green Dragon copper deposits from Sandfire Resources, and Recharge through its Brandy Hill South copper-tungsten-molybdenum system. BOA's shareholder meeting on that acquisition is scheduled for 12 October 2026.
Which gold exploration stocks are on the list?
Gold exploration places three names: Mamba Exploration (ASX: M24, #2) at its Meeka East Gold Project near Meekatharra, Dalaroo Metals (ASX: DAL, #5) at the Bondoukou Gold Ridge Project in Côte d'Ivoire, and Recharge Metals (ASX: REC, #9) at the Sunset Well Gold Project near Leonora. Dalaroo is the newest of the three, with 3 sessions on the Top 30 and a +62.67% weekly gain. For a wider view of this theme, see FMP's gold exploration momentum tracker.
Which rare earths stocks are on the list?
Rare earths returns to the weekly Top 10 with two names: Ionic Rare Earths (ASX: IXR, #6), a rare earths developer with the Makuutu Heavy Rare Earths Project in Uganda, and Dalaroo Metals (ASX: DAL, #5), whose Blue Lagoon Critical Minerals Project in southern Greenland has returned zirconium, hafnium and rare earth element concentrations. Ionic's position rests on a +83.10% quarterly gain and a +5.69% weekly gain; the company announced an approximately $8.0 million placement at $0.26 per share in August 2026.
Which health care stocks are on the list?
Health care places two names with an average list rank of 4.5: Micro-X (ASX: MX1, #1), which makes portable X-ray imaging and security-screening products, and AVITA Medical (ASX: AVH, #8), the maker of the RECELL spray-on skin device. AVITA's quarterly gain of +229.82% is the second-largest on the list behind Arrow Minerals; its 45-plus sessions on the Top 30 make it the longest-running name this week. Read more on AVH's momentum and PermeaDerm catalyst.
Which other themes place a single name?
Arrow Minerals (ASX: AMD, #3) carries iron ore and bauxite exposure alongside copper, through its West Pilbara iron ore tenements and the Niagara Bauxite Project in Guinea. BOA Resources (ASX: BOA, #4) is the only lithium name this week, after lithium placed two names on the 3 October list. Codan (ASX: CDA, #10) is the only defence electronics name, after reporting FY26 revenue up 30% to $875 million on 17 September 2026. Cettire (ASX: CTT, #7), a luxury online fashion retailer, is the only consumer name on the list.
What Does This Week's Data Reveal About ASX Momentum Conditions?
This week's list is a resource-heavy, high-rotation list. Six of the ten companies — Mamba Exploration, Arrow Minerals, BOA Resources, Dalaroo Metals, Ionic Rare Earths and Recharge Metals — are resource explorers or developers, and four — Micro-X, Cettire, AVITA Medical and Codan — are not.
Measure | Reading, week ending 10 October 2026 |
First-time entrants to the published Top 10 | 4 (M24, DAL, IXR, CTT) |
Returning from earlier weeks | 1 (REC, previously 12 and 19 September) |
Repeat from the 3 October list | 5 (MX1, AMD, BOA, AVH, CDA) |
Dropped from the 3 October list | 5 (DXN, GL1, ELT, SOP, BTR) |
Names with a negative weekly move | 3 (M24 −19.72%, AMD −5.41%, CDA −4.42%) |
Largest weekly gain | Dalaroo Metals +62.67% |
The widest contrast on the list sits between Mamba Exploration, ranked #2 on a +216.67% quarterly gain despite a −19.72% weekly move, and Dalaroo Metals, ranked #5 on a smaller +64.86% quarterly gain but the strongest weekly move at +62.67%. The first reflects a quarterly base that has outweighed a weaker week; the second reflects a fresh weekly jump with only 3 sessions on the Top 30. Momentum patterns of this kind are consistent with the base-building setups described in Mark Minervini's VCP criteria, though confirming a VCP formation on any individual name requires reviewing its own price chart, which sits outside the scope of this list-level weekly update.
How Did the FMP Launch Pad Perform This Week?
All ten of this week's FMP Top 10 companies carry a populated FMP Launch Pad entry. Arrow Minerals (ASX: AMD) is the best performer since Launch Pad entry, up +483.33% over at least 45 sessions since entering the Launch Pad, followed by Mamba Exploration (ASX: M24) at +216.67% over 38 sessions. Across the ten companies, the average gain since Launch Pad entry is +144.38% and the average lead time is roughly 33 sessions (two of the ten counters are censored at 45), meaning, on average, Members who saw a name on the Launch Pad were positioned about 33 trading sessions before it reached this week's publicly visible Top 10. Cettire (ASX: CTT) shows the shortest tenure, at 8 sessions and a +26.38% gain.
What Did Members Receive Before This Article Published?
Finer Market Points Members received Thursday's full Top 30 momentum list and Launch Pad data at 2pm — more than 40 hours before this public article. That early access lets Members see which stocks are building momentum before they break into the public Top 10, including first-time entrants such as Mamba Exploration, Dalaroo Metals and Ionic Rare Earths.
Members seeking the full proprietary research behind this list can also access the Momentum Profile. For the always-current leaderboard between weekly updates, see the complete weekly momentum stock rankings.
Who Writes the FMP Momentum Research?
Christopher Hall, AdvDipFP, Authorised Representative (AFSL 526688), writes and publishes this weekly ASX momentum research for Finer Market Points. Christopher Hall's analysis draws on Finer Market Points' continuously maintained momentum record — described in full under Sources below — and his background applying Mark Minervini's momentum methodology to the Australian market.
What are the top ASX momentum stocks this week?
Micro-X (ASX: MX1) ranked #1 on the Finer Market Points ASX Top 10 momentum list for the week ending 10 October 2026, with a +131.25% quarterly gain and a +34.55% weekly gain, followed by Mamba Exploration (ASX: M24) at #2 on a +216.67% quarterly gain.
What is a quarterly momentum stock?
A quarterly momentum stock is a company whose share price has shown a sustained percentage gain over the trailing quarter (roughly 90 trading sessions), reflecting persistent buying interest rather than a single-day spike.
How does FMP identify ASX momentum leaders?
Finer Market Points ranks every ASX-listed company each week on a proprietary momentum score combining quarterly and weekly price performance, then publishes the top 10 scorers as the FMP Top 10.
What is the Launch Pad list and how does it work?
The FMP Launch Pad is a separate daily top-30 ranking on a distinct momentum-derived metric, tracked independently of the weekly Top 10 — a company's appearance on the Launch Pad often precedes its appearance in the public Top 10, as this week's data shows for all ten of the listed companies.
How can I get the momentum list before the market opens?
Finer Market Points Members receive the full Top 30 momentum list and Launch Pad data every Thursday at 2pm, more than 40 hours before this public Saturday article, via YouTube Membership.
Which ASX copper stocks are on this week's momentum list?
Mamba Exploration (ASX: M24, #2), Arrow Minerals (ASX: AMD, #3), BOA Resources (ASX: BOA, #4) and Recharge Metals (ASX: REC, #9) all carry copper exposure on this week's FMP Top 10 for the week ending 10 October 2026.
Which ASX gold exploration stocks are on this week's momentum list?
Mamba Exploration (ASX: M24, #2), Dalaroo Metals (ASX: DAL, #5) and Recharge Metals (ASX: REC, #9) are the three gold exploration names on this week's FMP Top 10 for the week ending 10 October 2026.
Which ASX rare earths stocks are on this week's momentum list?
Ionic Rare Earths (ASX: IXR, #6) and Dalaroo Metals (ASX: DAL, #5) carry rare earths exposure on this week's FMP Top 10 for the week ending 10 October 2026.
What Sources Support This Week's Momentum Data?
# | Source | Type |
1 | Christopher Hall, FMP. FMP Momentum Profile data, 9 October 2026. | FMP proprietary data |
2 | Micro-X Limited. FY26 Appendix 4E and Annual Report, 28 August 2026. | External Research |
3 | Mamba Exploration Limited. ASX announcements, March–July 2026; Kalkine coverage. | External Research |
4 | Arrow Minerals Limited. ASX announcements, 18 August & 17 September 2026. | External Research |
5 | BOA Resources Limited. ASX announcements; Notice of General Meeting, 8 September 2026. | External Research |
6 | Dalaroo Metals Ltd. ASX announcements, April–September 2026. | External Research |
7 | Ionic Rare Earths Limited. ASX announcements, June–August 2026. | External Research |
8 | Cettire Limited. ASX announcements, 26 February–4 August 2026. | External Research |
9 | AVITA Medical, Inc. Second Quarter 2026 Financial and Business Update, 6 August 2026. | External Research |
10 | Recharge Metals Limited. ASX announcement, 7 September 2026. | External Research |
11 | Codan Limited. FY26 Annual Report, 17 September 2026. | External Research |
Related FMP Educational Resources
Mark Minervini's VCP Criteria: The Complete 7-Point Checklist — Christopher Hall
FMP's ASX gold explorer coverage — Christopher Hall
Christopher Hall's reading of this week's rotation across resource and non-resource momentum names is drawn from Finer Market Points' own continuously maintained momentum record: weekly readings of every ASX-listed company since 2020, ranked on the same proprietary momentum score each week and written to a time-series register, now recomputed every day for Members. That standing record is the research Finer Market Points is built on, not an impression formed after the fact. It is general educational commentary and not a recommendation to trade any security.
Data note. This week's dataset was captured on Friday 9 October 2026 before the market closed. The prices behind every percentage in this article are therefore intraday, not closing prices, and they will differ 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.
This content is for educational purposes only and does not constitute financial advice. Past performance is no guarantee of future results.
The information, opinions and other materials appearing on this website are of a general nature only and shall not be construed as advice. 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. This is not taxation advice. Rose Bay Equities accepts no responsibility for the accuracy or completeness of the information, opinions or other materials provided on or accessible through this website. This website has not been prepared with reference to your individual financial or personal circumstances. You should not rely on any advice on this website without first seeking appropriate professional, financial and legal advice. Further, where Rose Bay Equities makes third party material available or accessible through this website you acknowledge that Rose Bay Equities is a distributor and not a publisher of that content and that its editorial control is limited to the selection of those materials to make available. We accept no liability for any loss or damages arising from use. Authors and presenters may hold positions in discussed companies and investment products.
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