1— | ORK | Orkla ASA | 76+1 | 88 | 60+2 | 52-3 | high | Orkla is the standout performer on the board — at 100% of its 20-day range with +9.8% monthly and +5.8% weekly gains — suggesting a clear breakout with defensive consumer staples characteristics providing fundamental support. | ▼ |
2— | STB | Storebrand ASA | 68-4 | 75-7 | 58 | 68 | medium | Storebrand is at 100% of its 20-day range with +5.0% monthly gain, low volatility, and benefits from a stable Nordic rate environment supporting insurance and pension margins. | ▼ |
3— | DNB | DNB Bank ASA | 52-6 | 55-3 | 60 | 65-7 | medium | DNB shows positive 20-day momentum (+2.5%) and is comfortably positioned in the middle of its range (58%), with stable Nordic macro supporting net interest income — a balanced but unexciting near-term setup. | ▼ |
4▲1 | SUBC | Subsea 7 SA | 47 | 45 | 52 | 52+7 | medium | Subsea 7 has positive 20-day returns (+4.9%) but has given back momentum in the past week (-2.7%) and sits in the lower part of its range (27%), creating a mixed near-term signal despite solid sector order backlogs. | ▼ |
5▲9 | KOG | Kongsberg Gruppen ASA | 42+24 | 35+27 | 55+7 | 42+7 | low | Kongsberg has pulled back -9.2% over 20 days from what were very elevated levels, and while the long-term defence spending thesis remains intact, short-term momentum is negative with moderately elevated volatility. | ▼ |
6▼2 | TEL | Telenor ASA | 36-14 | 20-18 | 50-5 | 68-10 | low | Telenor sits at 0% of its 20-day range with mild but consistent negative momentum across timeframes; low volatility (5.8%) and defensive telecoms characteristics limit downside but offer no near-term positive catalyst. | ▼ |
7▲4 | SCATC | Scatec ASA | 33+9 | 25+13 | 38 | 45 | low | Scatec is modestly negative across all momentum timeframes with no near-term catalyst, and renewables project financing remains sensitive to rate and FX conditions that are not particularly favourable right now. | ▼ |
8▼2 | MOWI | Mowi ASA | 32-6 | 25-10 | 45-3 | 60-3 | low | Mowi shows slightly better range positioning than peers (19% of 20d range) but remains in a clear short- and medium-term downtrend with softening salmon prices providing no near-term re-rating catalyst. | ▼ |
9▼2 | AUSS | Austevoll Seafood ASA | 28-5 | 18-10 | 40-5 | 62 | low | Austevoll is at the bottom of its 20-day range with negative momentum across all timeframes and no identifiable positive catalyst, while weak salmon spot pricing continues to weigh on the aquaculture sector. | ▼ |
10▼1 | BWLPG | BW LPG Limited | 27 | 15-3 | 40-2 | 30-5 | low | BW LPG is near the bottom of its 20-day range (2% Rng) with negative momentum on both weekly and monthly horizons, and LPG shipping rates face seasonal softness and supply pressure from the US export build-out. | ▼ |
11▼1 | EQNR | Equinor ASA | 26+2 | 12-2 | 42-3 | 26-4 | low | Equinor mirrors Aker BP's weakness (-11.9% 20d, 4% range) with Brent headwinds, though its integrated downstream business and stronger balance sheet provide marginal fundamental support. | ▼ |
12▲1 | YAR | Yara International ASA | 25+3 | 12-3 | 35-3 | 30+2 | low | Yara is down -14.2% over 20 days and sits at just 2% of its range, with softening fertiliser prices, elevated energy input costs, and high volatility (18.6%) making a near-term recovery unlikely. | ▼ |
13▼1 | AKRBP | Aker BP ASA | 24+2 | 10-2 | 38-4 | 28-4 | low | Aker BP is at the very bottom of its 20-day range (-11.7% 20d, 0% Rng) with Brent at $73.50/bbl compressing upstream economics, and elevated volatility (15.8%) makes a near-term reversal uncertain. | ▼ |
14▼6 | SALM | SalMar ASA | 22-6 | 10-12 | 42-3 | 38-12 | low | SalMar is the weakest aquaculture name with a -8.1% weekly loss, -12.7% 20-day return, at 0% of its 20-day range, and elevated volatility (12.5%) — all pointing to continued near-term downside. | ▼ |
15— | NHY | Norsk Hydro ASA | 15+5 | 5+1 | 28-4 | 15-3 | low | Norsk Hydro is in a severe downtrend (-21.7% 20d, -8.2% 5d, 2% range) with the highest volatility in the universe (29.1%), reflecting broad pressure on aluminium prices and elevated operational risk — a clear avoid. | ▼ |