1— | DNB | DNB Bank ASA | 80+6 | 88 | 65+3 | 85-5 | high | DNB is at its 20-day high with strong positive momentum (+4.0% weekly, +2.8% monthly, +4.0% above MA), the lowest volatility in the universe, reflecting clear institutional buying in Norwegian financials. | ▼ |
2▲2 | STB | Storebrand ASA | 78+17 | 85+17 | 62+4 | 82+10 | high | Storebrand mirrors DNB's strength — sitting at its 20-day high with +4.2% weekly return and low realised volatility, making it the second-best setup in the universe amid financials rotation. | ▼ |
3▼1 | SUBC | Subsea 7 SA | 55-10 | 60-15 | 52-3 | 38-7 | medium | Subsea 7 has strong 20-day returns (+8.1%) and trades above its MA (+2.5%), but a sharp -4.3% weekly pullback and elevated volatility suggest near-term consolidation rather than continued breakout. | ▼ |
4▲1 | ORK | Orkla ASA | 50+4 | 48+10 | 55 | 65+2 | medium | Orkla is the most resilient stock in the consumer staples space with low volatility, a small positive weekly return, and is holding near the middle of its 20-day range despite a mild monthly decline. | ▼ |
5▼2 | KOG | Kongsberg Gruppen ASA | 45-18 | 35-35 | 60+2 | 42 | medium | Kongsberg has a small positive weekly return but is -5.8% over 20 days and -4.8% below its MA at only 8% of its range, suggesting the recent defence-spending tailwind has stalled near term. | ▼ |
6▲2 | SCATC | Scatec ASA | 40+6 | 35+9 | 42 | 55+3 | low | Scatec shows the best relative setup among the weak performers — low volatility and a near-flat weekly return — but remains -7.0% over 20 days and below its MA, limiting near-term conviction. | ▼ |
7▼1 | MOWI | Mowi ASA | 38-6 | 38-4 | 48-2 | 58-4 | low | Mowi shows relatively better momentum than peers with a modest 20d drawdown and sits near the middle of its range, but the aquaculture sector lacks near-term positive catalysts. | ▼ |
8▼1 | SALM | SalMar ASA | 33-4 | 30-2 | 45-3 | 38+2 | low | SalMar is in a downtrend (-7.3% over 20d), trading below its MA with elevated volatility relative to MOWI, offering no compelling short-term setup without a salmon price catalyst. | ▼ |
9▲1 | TEL | Telenor ASA | 30 | 20+2 | 52+2 | 68 | low | Telenor is at its 20-day low with consistent negative momentum across all timeframes and the lowest realised volatility in the universe — a defensive stock drifting lower with no identifiable near-term catalyst. | ▼ |
10▼1 | AUSS | Austevoll Seafood ASA | 28-5 | 22-3 | 42-3 | 40+2 | low | Austevoll is in a clear downtrend — down 10.6% over 20 days, sitting near 20-day lows, with no salmon spot price catalyst and weak sector momentum. | ▼ |
11— | AKRBP | Aker BP ASA | 27+5 | 18+6 | 42+4 | 42+12 | low | Aker BP is deeply oversold (-10.6% over 20d, -6.4% below its MA) with Brent crude at a soft $77/bbl providing no recovery catalyst for the near term. | ▼ |
12▲3 | BWLPG | BW LPG Limited | 25+7 | 15+9 | 42+7 | 38+11 | low | BW LPG is down 11.0% over 20 days with a sharp -6.8% weekly decline, sitting near its 20-day low as soft energy markets and LPG rate uncertainty weigh on the shipping name. | ▼ |
13— | EQNR | Equinor ASA | 24+5 | 14+6 | 44+4 | 35+7 | low | Equinor has the worst energy momentum — down 12.1% over 20 days, -7.2% below MA, at the bottom 8% of its range — and soft Brent at $77 offers no near-term upside trigger. | ▼ |
14▼2 | NHY | Norsk Hydro ASA | 20 | 10+1 | 38 | 25-3 | low | Norsk Hydro is also at a 20-day low with the highest realised volatility in the universe (19.7%) and a -12.0% monthly decline, reflecting broad materials sector weakness with no near-term recovery signal. | ▼ |
15▼1 | YAR | Yara International ASA | 18 | 8+1 | 35 | 28+3 | low | Yara is at the bottom of its 20-day range with the worst momentum in the universe (-17.3% over 20d, -9.8% below MA, -7.0% last week), signalling severe selling pressure with no identifiable catalyst for reversal. | ▼ |