1— | KOG | Kongsberg Gruppen ASA | 76-8 | 80-13 | 62 | 47-5 | high | Kongsberg Gruppen is the top-ranked stock, with strong positive momentum on 5d (+3.7%) and 20d (+6.3%), sitting above its MA (+3.6%), at 75% of its 20-day range, underpinned by sustained European defence spending growth. | ▼ |
2— | NHY | Norsk Hydro ASA | 70+5 | 78+6 | 55 | 45-5 | high | Norsk Hydro is the second-strongest momentum name with a +10.7% 20-day return, sitting at 91% of its 20-day range and well above its MA (+5.8%), driven by aluminium price recovery and green-metals demand. | ▼ |
3— | DNB | DNB Bank ASA | 62-1 | 63-2 | 58-2 | 82+10 | medium | DNB is one of the strongest momentum setups in the portfolio — positive on both 5d and 20d, above its 20-day MA, at 61% of range, and with the lowest realised volatility in the universe (5.5%), making it an attractive low-risk longs. | ▼ |
4— | SALM | SalMar ASA | 52-5 | 58-2 | 48-2 | 40-8 | medium | SalMar is the strongest aquaculture name on momentum, sitting above its 20-day MA (+1.0%), at 60% of its 20-day range, and showing a positive 20d return (+4.3%) that suggests relative sector leadership. | ▼ |
5▲3 | AKRBP | Aker BP ASA | 46+11 | 40+18 | 52+4 | 48-2 | medium | Brent at $94/bbl is a tailwind for Aker BP, but the stock remains below its 20-day MA (-1.1%) with mild negative momentum on both timeframes and moderate volatility, yielding a neutral-to-slightly-cautious setup. | ▼ |
6▲5 | EQNR | Equinor ASA | 45+17 | 38+28 | 53+3 | 44-4 | medium | Equinor benefits from elevated Brent crude but exhibits similar negative short-term momentum to Aker BP (-1.9% 5d, -4.1% 20d) with slightly higher volatility and a below-average range position (37%), keeping the score in neutral territory. | ▼ |
7▼2 | MOWI | Mowi ASA | 42-13 | 38-27 | 48-2 | 62 | low | Mowi holds near the mid-point of its 20-day range with relatively contained volatility (6.4%), but mild negative momentum on both 5d and 20d and absent salmon spot data limit near-term conviction. | ▼ |
8▲1 | SUBC | Subsea 7 SA | 40+10 | 35+15 | 47+2 | 38 | low | Subsea 7 has minimal 5d momentum (+0.3%) but remains below its 20-day MA (-3.1%) with elevated sector volatility (15.4%) and a low range position (30%), reflecting continued uncertainty in the offshore services cycle. | ▼ |
9▼3 | STB | Storebrand ASA | 38-12 | 28-20 | 50-5 | 85+15 | low | Storebrand has the lowest realised volatility in the universe (4.6%) but its 5d return of -4.1% has dragged it to the bottom of its 20-day range (Rng=0%), negating the stability advantage and leaving the setup mixed. | ▼ |
10▼3 | TEL | Telenor ASA | 35-3 | 22-6 | 50-2 | 60+2 | low | Telenor sits at the bottom of its 20-day range (Rng=0%) and is well below its MA (-3.4%), though moderate realised volatility (9.0%) and defensive sector characteristics partially cushion the weak momentum signal. | ▼ |
11▲1 | YAR | Yara International ASA | 30+3 | 18+3 | 42 | 52-3 | low | Yara faces a weak momentum picture (-3.9% 5d, -5.4% 20d, -4.5% vs MA, Rng=6%) with fertiliser prices under pressure from lower energy input volatility and no near-term positive catalysts visible. | ▼ |
12▲3 | BWLPG | BW LPG Limited | 28+8 | 15+10 | 44+2 | 42+2 | low | BW LPG has suffered the sharpest 5-day sell-off in the universe (-8.7%) and sits at 14% of its 20-day range with elevated volatility (14.4%), reflecting weak LPG freight rate sentiment and limited near-term catalysts. | ▼ |
13— | SCATC | Scatec ASA | 27+2 | 20+2 | 38 | 28-2 | low | Scatec has the second-worst 20d return in the universe (-13.0%) with the highest realised volatility (17.8%) and remains near the bottom of its range (Rng=13%), reflecting ongoing funding-cost headwinds for renewable developers. | ▼ |
14▼4 | AUSS | Austevoll Seafood ASA | 22-6 | 10-5 | 40-5 | 55-5 | low | Austevoll is at a 20-day low with the weakest short-term momentum in the aquaculture group (-6.5% 5d, -5.4% 20d) and no salmon spot data or positive catalysts to support a recovery. | ▼ |
15▼1 | ORK | Orkla ASA | 18-2 | 5 | 42 | 25-10 | low | Orkla has suffered the sharpest drawdown in the universe (-14.3% 20d, -10.7% vs MA) with extreme realised volatility (16.4%) and is sitting at its 20-day low, signalling distribution with no visible catalyst for reversal. | ▼ |