1— | DNB | DNB Bank ASA | 72-8 | 76-12 | 63-2 | 80-5 | high | DNB is the strongest momentum name in the universe — positive 5d and 20d returns, sitting at 75% of its 20-day range with the lowest volatility among non-defensive names, supported by a stable Nordic credit environment. | ▼ |
2▲1 | SUBC | Subsea 7 SA | 70+15 | 80+20 | 55+3 | 40+2 | high | Subsea 7 is the top momentum performer over 20 days (+9.1%), sitting at 85% of its range and well above its 20-day MA (+4.1%), driven by strong offshore services backlog demand despite soft crude. | ▼ |
3▼1 | STB | Storebrand ASA | 68-10 | 72-13 | 60-2 | 77-5 | medium | Storebrand mirrors DNB's strength with +2.1% on the week and a 75% range position, supported by solid insurance and savings flows and low realised volatility of just 6.3%. | ▼ |
4▲1 | KOG | Kongsberg Gruppen ASA | 60+15 | 58+23 | 62+2 | 45+3 | medium | Kongsberg Gruppen delivers strong weekly momentum (+3.1%) driven by continued defence spending tailwinds across NATO, though the 20-day return remains slightly negative with the stock below its MA. | ▼ |
5▼1 | ORK | Orkla ASA | 58+8 | 60+12 | 58+3 | 65 | medium | Orkla is outperforming peers with +1.6% on the week and a 62% range position, with its defensive consumer staples profile and stable dividends offering relative shelter in a volatile tape. | ▼ |
6▲1 | MOWI | Mowi ASA | 45+7 | 42+4 | 50+2 | 58 | medium | Mowi shows near-flat 5-day performance and sits mid-range at 47%, making it the most resilient aquaculture name, though the sector backdrop remains soft with no visible positive catalyst. | ▼ |
7▲5 | BWLPG | BW LPG Limited | 38+13 | 30+15 | 45+3 | 38 | low | BW LPG shows flat weekly momentum but an -8.3% 20-day decline at 27% of its range, with LPG shipping rates providing mixed support — soft crude limits upside but LPG trade flows remain structurally supported. | ▼ |
8▼2 | SCATC | Scatec ASA | 36-4 | 24-11 | 42 | 55 | low | Scatec sits at only 9% of its 20-day range with a -9.3% monthly return, weighed down by renewables sector headwinds including policy uncertainty and high financing costs, though its low Vol (9.2%) provides modest stability. | ▼ |
9▼1 | SALM | SalMar ASA | 35+2 | 26-4 | 48+3 | 42+4 | low | SalMar has lost nearly 10% over 20 days and sits at only 29% of its range with elevated volatility, reflecting broad aquaculture sector weakness and absence of a near-term re-rating catalyst. | ▼ |
10▼1 | TEL | Telenor ASA | 33+3 | 15-5 | 50-2 | 68 | low | Telenor is at the bottom of its 20-day range (0%) with a -5.7% monthly return and -3.8% last week, pressured by a stronger NOK and competitive Nordic telecoms dynamics, with limited near-term catalysts. | ▼ |
11▼1 | AUSS | Austevoll Seafood ASA | 32+4 | 22 | 45+3 | 42+2 | low | Austevoll sits at only 14% of its 20-day range with a -11% monthly return and softer salmon spot prices, suggesting continued near-term pressure in aquaculture. | ▼ |
12▼1 | AKRBP | Aker BP ASA | 30+3 | 20+2 | 42 | 38-4 | low | Aker BP is under pressure from soft Brent at $76/bbl, down 9% over 20 days and sitting at 15% of its range, with elevated volatility and a strong negative vsMA signal. | ▼ |
13— | EQNR | Equinor ASA | 28+4 | 17+3 | 45+1 | 33-2 | low | Equinor faces the most challenging momentum setup in the energy sector — down 9.8% over 20 days, at just 12% of its range, 6% below its 20-day MA, with Brent providing no near-term tailwind. | ▼ |
14▲1 | YAR | Yara International ASA | 22+4 | 8 | 38+3 | 28 | low | Yara is at its 20-day low with a devastating -16.7% monthly return and sits 9.1% below its 20-day MA, reflecting global fertiliser market weakness and elevated volatility — the weakest setup in the universe. | ▼ |
15▼1 | NHY | Norsk Hydro ASA | 20 | 5-5 | 35-3 | 20-5 | low | Norsk Hydro has collapsed -18.8% over 20 days and is sitting at its 20-day low, 14.1% below its MA, with the highest realised volatility in the universe (23.3%), reflecting aluminium price weakness and no near-term recovery catalyst. | ▼ |