1— | SUBC | Subsea 7 SA | 78+4 | 84+2 | 58+3 | 48+8 | high | Subsea 7 is the standout momentum leader: +4.1% on the week, +9.1% over 20 days, above its MA, sitting at 72% of its 20-day range, and energy sector tailwinds from higher oil prices reinforce the trend. | ▼ |
2▲3 | BWLPG | BW LPG Limited | 74+12 | 82+15 | 55+5 | 45+8 | high | BW LPG has surged +8.3% in 5 days and +7.3% over 20 days, sits at 69% of its range above MA, and the Iran tension narrative supports LPG shipping rate strength as a secondary catalyst. | ▼ |
3▼1 | AKRBP | Aker BP ASA | 68+3 | 60-8 | 62+4 | 72+2 | medium | Aker BP is a direct beneficiary of the Brent crude spike to $91.34 on Iran tensions, with positive 20-day momentum and moderate range positioning supporting a constructive outlook. | ▼ |
4— | EQNR | Equinor ASA | 65+3 | 55-8 | 63+5 | 62+4 | medium | Equinor benefits from elevated Brent crude prices and shows positive 20-day momentum, though slightly below its MA and mid-range positioning temper conviction. | ▼ |
5▲2 | DNB | DNB Bank ASA | 62+10 | 57+12 | 60+2 | 82 | medium | DNB displays the most stable momentum profile in the universe — low volatility, slightly above its 20-day MA, and positioned near the upper half of its range — making it a solid defensive hold. | ▼ |
6— | KOG | Kongsberg Gruppen ASA | 60+3 | 58+3 | 62 | 52+7 | medium | Kongsberg shows resilient positive 20-day momentum, sits above its MA near mid-range, and benefits structurally from elevated defence spending in the Nordic region. | ▼ |
7▼4 | NHY | Norsk Hydro ASA | 55-8 | 55-17 | 52 | 48+10 | medium | Norsk Hydro stands above its MA with a strong 20-day return of +8.7%, partially offset by a sharp -5.3% pullback this week, suggesting a potential consolidation opportunity. | ▼ |
8▲1 | STB | Storebrand ASA | 48+8 | 42+12 | 52+2 | 80 | medium | Storebrand's momentum is essentially flat with a mild negative 20-day drift, and while volatility is very low, the lack of positive catalyst keeps conviction at moderate levels. | ▼ |
9▲2 | ORK | Orkla ASA | 38+8 | 30+8 | 50 | 32+2 | low | Orkla's +2.3% 5-day bounce is encouraging but the stock remains -10.6% over 20 days and well below its MA, suggesting the recovery is fragile and the trend is still down. | ▼ |
10— | TEL | Telenor ASA | 38+3 | 28+6 | 52 | 65+3 | low | Telenor is trending negatively across all momentum metrics and sits near its 20-day low with no near-term catalyst, though its defensive telecom positioning and low volatility provide a floor. | ▼ |
11▲1 | MOWI | Mowi ASA | 36+11 | 32+20 | 48+3 | 58+3 | low | Mowi shows the mildest momentum deterioration in aquaculture but remains below its 20-day MA with no identifiable near-term positive catalyst. | ▼ |
12▼4 | SCATC | Scatec ASA | 32-18 | 18-27 | 42-6 | 70-15 | low | Scatec sits exactly at its 20-day low (Rng=0%), is below its MA, and the renewables sector faces headwinds from risk-off sentiment and competition from higher fossil-fuel energy prices. | ▼ |
13— | AUSS | Austevoll Seafood ASA | 28+10 | 18+13 | 45+3 | 38+3 | low | Austevoll faces a sharp momentum downturn with -8.1% over 20 days, near 20-day lows, and no specific positive catalyst to offset sector weakness. | ▼ |
14— | SALM | SalMar ASA | 27+9 | 15+10 | 45+2 | 37+3 | low | SalMar has the worst 5-day performance in aquaculture (-7.0%), sitting near 20-day lows and well below its moving average, signalling continued selling pressure. | ▼ |
15— | YAR | Yara International ASA | 24+8 | 12+8 | 38 | 40+7 | low | Yara has the worst combined momentum in the universe (-6.1% / -10.2%), sits near 20-day lows, and faces ongoing headwinds from elevated energy input costs and weak fertiliser pricing. | ▼ |