1— | KOG | Kongsberg Gruppen ASA | 84+2 | 93+1 | 62-3 | 52-3 | high | Kongsberg Gruppen is the clear standout: +6.5% this week, +9.2% over 20 days, at 98% of its 20-day high range, and well above the MA — defence spending tailwinds continue to drive exceptional relative strength. | ▼ |
2— | NHY | Norsk Hydro ASA | 65-7 | 72-8 | 55-5 | 50-2 | medium | Norsk Hydro is one of the better-performing names: +7.0% over 20 days, above the 20-day MA, in the upper quartile of its range — aluminium price recovery and green energy transition provide a constructive backdrop. | ▼ |
3▲1 | DNB | DNB Bank ASA | 63-1 | 65-3 | 60-2 | 72-6 | medium | DNB is one of the strongest non-KOG names: +3.4% over 20 days, in the upper third of its range, low volatility, and solid financials sector fundamentals in a stable Nordic rate environment. | ▼ |
4▼1 | SALM | SalMar ASA | 57-10 | 60-12 | 50-10 | 48-4 | medium | SalMar holds a solid 20-day uptrend (+3.9%) and positive vsMA despite modest 5-day softness, with mid-range positioning and sector-average volatility. | ▼ |
5— | MOWI | Mowi ASA | 55-1 | 65+10 | 50-8 | 62-6 | medium | MOWI shows resilient relative strength — nearly flat over 20 days, sitting near 20-day highs at 89% of range, with modest positive vsMA, making it the best-positioned aquaculture name. | ▼ |
6▲1 | STB | Storebrand ASA | 50-2 | 48-2 | 55 | 70+10 | medium | Storebrand has a strong 20-day return (+5.0%) but has pulled back this week (-3.6%) and trades below the 20-day MA, putting it in a wait-and-see setup with low volatility as a mitigant. | ▼ |
7▲5 | TEL | Telenor ASA | 38+8 | 28+10 | 52 | 58 | low | Telenor shows mild negative momentum across all timeframes and sits near the bottom of its range, though its defensive telecom profile, stable cash flows, and lower volatility limit downside conviction. | ▼ |
8▲2 | AKRBP | Aker BP ASA | 35+3 | 22 | 48 | 50+2 | low | Despite supportive Brent at $93, Aker BP is down -6.9% on the week and -5.7% over 20 days, stuck near the bottom of its range — suggesting company-specific or dividend-cut concerns outweigh macro tailwinds. | ▼ |
9▲2 | SUBC | Subsea 7 SA | 30 | 20+2 | 45-3 | 38 | low | Subsea 7 is down -7.3% over 20 days, near the bottom of its range, with high realised volatility — energy services headwinds and weak momentum combine for a cautious outlook. | ▼ |
10▼4 | AUSS | Austevoll Seafood ASA | 28-24 | 15-35 | 45-10 | 60-12 | low | AUSS is at the bottom of its 20-day range with a sharp -5.5% weekly decline and negative momentum across all indicators, with no offsetting news catalyst. | ▼ |
11▲3 | EQNR | Equinor ASA | 28 | 10-2 | 50 | 48+3 | low | Equinor posts the worst weekly return in the energy group (-8.2%), is at the bottom of its 20-day range, and trades well below the 20-day MA — a broad energy sell-off overrides Brent's support. | ▼ |
12▼3 | YAR | Yara International ASA | 27-6 | 15-7 | 42-3 | 55 | low | Yara sits near the bottom of its 20-day range with -5.5% weekly and -6.2% monthly declines, hurt by weak fertiliser pricing and global agricultural commodity uncertainty. | ▼ |
13▲2 | SCATC | Scatec ASA | 25-2 | 18+3 | 38-2 | 30-5 | low | Scatec has shed -12.6% over 20 days, is near the bottom of its range with the highest realised volatility in the universe — elevated risk in renewables project finance and weak momentum make this an avoid. | ▼ |
14▼1 | ORK | Orkla ASA | 20-8 | 5-5 | 42-8 | 35-20 | low | Orkla is the weakest momentum name in the universe — a brutal -13.5% over 20 days, -7% last week, sitting at the absolute bottom of its range with high realised volatility for a consumer staples stock. | ▼ |
15▼7 | BWLPG | BW LPG Limited | 20-24 | 5-40 | 42-8 | 40-2 | low | BW LPG suffered the largest single-week drop in the universe (-13.3%), is at the absolute bottom of its 20-day range, with high volatility — LPG freight rate weakness and risk-off sentiment dominate. | ▼ |