1— | KOG | Kongsberg Gruppen ASA | 82+10 | 92+12 | 65+7 | 55+3 | high | Kongsberg Gruppen is at a 20-day high (100% range), up +6.5% this week and +7.1% this month, driven by the sustained European defence spending supercycle — strongest setup in the universe. | ▼ |
2▲1 | NHY | Norsk Hydro ASA | 72+4 | 80-2 | 60+10 | 52+6 | high | Norsk Hydro has strong cross-timeframe momentum (+6.2% 5d, +7.5% 20d) at 86% of its 20d range, benefiting from improving aluminium demand and USD/NOK tailwinds for exporters. | ▼ |
3▲2 | SALM | SalMar ASA | 67+2 | 72-2 | 60+8 | 52 | medium | SalMar is the momentum leader in aquaculture with a strong 20d return (+7.1%) and positive vsMA, supported by expected firm harvest volumes and spot prices. | ▼ |
4▼2 | DNB | DNB Bank ASA | 64-6 | 68-10 | 62+2 | 78+5 | medium | DNB is the standout financial with solid 20d momentum (+3.9%), a high range position (78%), and lowest volatility in the universe — a quality defensive play. | ▼ |
5▼1 | MOWI | Mowi ASA | 56-11 | 55-23 | 58+6 | 68+3 | medium | Slight positive momentum and the strongest brand in global salmon farming underpin moderate conviction, with salmon biology cycle broadly supportive. | ▼ |
6▲2 | AUSS | Austevoll Seafood ASA | 52+4 | 50+5 | 55+5 | 72 | medium | Flat price momentum and no company-specific catalysts, but stable aquaculture fundamentals and low volatility support a hold. | ▼ |
7▼1 | STB | Storebrand ASA | 52-6 | 50-12 | 55 | 60 | medium | Storebrand has strong 20d momentum (+5.2%) but gave back ground this week (-3.0%) and sits below its 20d MA, creating a mixed short-term picture. | ▼ |
8▼1 | BWLPG | BW LPG Limited | 44-11 | 45-17 | 50+2 | 42+14 | low | BW LPG has strong 20d momentum (+12%) but sharp weekly reversal (-6.5%) and mid-range position suggest profit-taking; near-term LPG freight rate direction is the key swing factor. | ▼ |
9▲5 | YAR | Yara International ASA | 33+13 | 22+14 | 45+3 | 55 | low | Yara sits near its 20-day low (16% range) with negative momentum across all timeframes; a softer USD provides modest relief but fertiliser demand and margin headwinds persist. | ▼ |
10▼1 | AKRBP | Aker BP ASA | 32+4 | 22+8 | 48-2 | 48 | low | US-Iran ceasefire reports add near-term crude price risk on top of already weak 5d (-6.5%) and 20d momentum, placing AKRBP in avoid territory. | ▼ |
11▲4 | SUBC | Subsea 7 SA | 30+15 | 18+14 | 48+3 | 38+3 | low | Subsea 7 is under significant technical pressure (-5.9% 5d, -5.3% 20d, at 17% of range) with oilfield services sentiment dragged by energy price uncertainty. | ▼ |
12▼1 | TEL | Telenor ASA | 30+3 | 18+3 | 52 | 58-2 | low | Telenor is down significantly over 5d and 20d, sitting near 20d lows (16% range) with no positive catalysts visible, and defensively priced telecom characteristics cannot offset weak technicals. | ▼ |
13▼1 | ORK | Orkla ASA | 28+6 | 10 | 50+2 | 55 | low | Orkla is at its 20-day low (0% range), down sharply over 5d and 20d with negative vsMA, suggesting continued selling pressure with no near-term catalyst. | ▼ |
14▼1 | EQNR | Equinor ASA | 28+6 | 12+4 | 50 | 45+1 | low | Equinor faces the dual headwind of a potential Iran ceasefire deal softening crude prices and its worst 5d return (-8.2%) in the universe, sitting near 20d lows. | ▼ |
15▼5 | SCATC | Scatec ASA | 27-1 | 15-3 | 40-2 | 35+3 | low | Scatec is the worst 20d performer in the universe (-12.7%) with high volatility and near 20d lows, reflecting continued pressure on renewable project economics and risk appetite. | ▼ |