1— | ORK | Orkla ASA | 72 | 85+3 | 55-3 | 65-7 | high | Orkla is the strongest momentum name in the universe — up 5.6% this week, +2.3% on the month, trading at its 20-day high — with defensive consumer staples positioning offering resilience in a risk-off tape. | ▼ |
2— | STB | Storebrand ASA | 70+3 | 82+14 | 55-3 | 70-5 | high | Storebrand is at its 20-day high with strong weekly (+3.2%) and monthly (+3.3%) momentum, and its insurance/savings business model offers defensive quality in an uncertain macro environment. | ▼ |
3▲1 | SUBC | Subsea 7 SA | 62+7 | 70+12 | 55+3 | 45+5 | medium | Subsea 7 has the strongest 20-day return in the universe (+8.5%), underpinned by robust offshore services order activity, though it sits slightly below its 20-day MA and carries moderate volatility. | ▼ |
4▼1 | DNB | DNB Bank ASA | 58-7 | 58-7 | 60 | 75-3 | medium | DNB offers modest positive 20-day momentum (+1.6%), sits comfortably above its 20-day moving average, and benefits from a stable Norwegian macro backdrop and low volatility as the premier Nordic bank. | ▼ |
5— | MOWI | Mowi ASA | 44-8 | 45-13 | 48-2 | 57-5 | low | Mowi sits near its 20-day midpoint with marginally positive weekly momentum, but a -3.5% monthly return and missing salmon spot data limit conviction for the 1–4 week horizon. | ▼ |
6▲3 | TEL | Telenor ASA | 38+5 | 20 | 52+4 | 72 | low | Telenor is down 5.6% over 20 days, sitting near its 20-day low with negative vsMA, but its defensive telecoms cash flows and low volatility (5.3% Vol) provide a floor against further sharp declines. | ▼ |
7▲4 | SCATC | Scatec ASA | 37+9 | 28+16 | 42+4 | 58+6 | low | Scatec is roughly flat on the week but down 8.1% over 20 days, sitting near the bottom of its range; renewable energy policy uncertainty and project execution risk keep conviction low. | ▼ |
8— | BWLPG | BW LPG Limited | 36-2 | 28-4 | 45+3 | 38 | low | BW LPG has slightly positive weekly momentum but is down 6.3% over the month and sits at 7% of its 20-day range, with LPG shipping rates facing seasonal softness and moderate volatility limiting upside. | ▼ |
9▼2 | AUSS | Austevoll Seafood ASA | 35-3 | 28 | 45 | 60+18 | low | Austevoll is flat on the week but down 10% over the month with salmon spot prices unavailable and the stock sitting in the lower quartile of its 20-day range, offering no clear near-term catalyst. | ▼ |
10▼4 | SALM | SalMar ASA | 34-9 | 28-10 | 45-3 | 48 | low | SalMar is down 8% over the month, trading in the lower quartile of its 20-day range, with elevated volatility and no salmon spot price support to anchor a recovery. | ▼ |
11▼1 | KOG | Kongsberg Gruppen ASA | 30 | 10-8 | 52-3 | 32-6 | low | Kongsberg Gruppen has corrected sharply — down 14.3% over 20 days and sitting at its 20-day low — which is a notable reversal for a defence-sector leader, suggesting profit-taking or sector rotation that may persist. | ▼ |
12▲2 | EQNR | Equinor ASA | 23+2 | 8+1 | 40 | 27-3 | low | Equinor mirrors Aker BP at its 20-day low with -9% monthly momentum and Brent below $75, limiting any near-term recovery catalyst despite its diversified portfolio and dividend support. | ▼ |
13— | AKRBP | Aker BP ASA | 22 | 8 | 38 | 30-5 | low | Aker BP is at its 20-day low, down 9.3% on the month, and faces a structurally weak Brent crude price (~$74.5/bbl) that compresses upstream economics and near-term earnings expectations. | ▼ |
14▼2 | YAR | Yara International ASA | 22-5 | 7-8 | 35-3 | 22-6 | low | Yara is down 15.5% over 20 days at its 20-day low with the highest range volatility among non-materials names, and weak fertiliser market dynamics and high energy input costs weigh heavily on the near-term outlook. | ▼ |
15— | NHY | Norsk Hydro ASA | 14+2 | 3 | 30 | 10 | low | Norsk Hydro is the weakest name in the universe — down 20.7% over 20 days, -11.3% in just the last week, trading at its 20-day low with the highest realised volatility (27.3%) — signalling severe near-term risk. | ▼ |