1— | STB | Storebrand ASA | 74+2 | 85 | 60+2 | 70+2 | high | Storebrand is at the 98th percentile of its 20-day range with +7.3% monthly momentum and low volatility, reflecting strong demand for Nordic insurance/savings names in the current defensive rotation. | ▼ |
2— | ORK | Orkla ASA | 72+4 | 82+7 | 58 | 72 | high | Orkla is the standout defensive, posting +7.6% over 20 days, trading near a 20-day high (95th percentile), with a stable vol profile — consumer staples resilience supports continued near-term outperformance. | ▼ |
3▲2 | KOG | Kongsberg Gruppen ASA | 70+15 | 75+25 | 62-3 | 52-3 | high | Kongsberg Gruppen benefits from sustained European defence spending momentum, posting +5.8% last week and sitting in the 77th percentile of its range, with structurally strong order visibility as the key catalyst. | ▼ |
4— | SUBC | Subsea 7 SA | 65+7 | 68+8 | 58+3 | 60-2 | medium | Subsea 7 shows constructive momentum (+5.8% over 20 days, above 20d MA) supported by a healthy offshore services order pipeline, though moderately elevated vol and broader energy sector headwinds limit conviction. | ▼ |
5▼2 | DNB | DNB Bank ASA | 58-4 | 58-7 | 62+4 | 82 | medium | DNB exhibits stable, low-volatility price action (+3.1% over 20 days, modest positive vsMA) and benefits from a solid Nordic banking environment, though near-term upside is limited without a specific catalyst. | ▼ |
6— | SCATC | Scatec ASA | 42+4 | 40+5 | 40+2 | 55-3 | low | Scatec shows modest recovery momentum (+2.1% last week) but remains -7.1% over 20 days and below its 20d MA, leaving the setup mixed with no clear near-term catalyst beyond stabilising renewables sentiment. | ▼ |
7— | TEL | Telenor ASA | 30-5 | 15-3 | 52 | 62-6 | low | Telenor sits at its 20-day low with a -7.7% monthly decline, and while defensive telecoms typically offer stability, the persistent negative momentum and below-MA positioning warrant an avoid stance near-term. | ▼ |
8— | EQNR | Equinor ASA | 28-4 | 15-5 | 52+4 | 32-8 | low | Equinor's diversified profile provides modest cushion vs. pure-play peers, but the -13.1% 20-day decline and 3rd-percentile range position reflect persistent pressure from weak Brent pricing. | ▼ |
9▲4 | BWLPG | BW LPG Limited | 25+3 | 18+10 | 42+2 | 32-5 | low | BW LPG is in a clear downtrend (-8.7% over 20 days, 7th percentile range) with above-average volatility and soft LPG freight rate dynamics providing no near-term support. | ▼ |
10— | AKRBP | Aker BP ASA | 24-4 | 10-4 | 45+5 | 30-12 | low | Aker BP faces a toxic combination of sub-$71 Brent crude, a -15% 20-day decline, and a price sitting at its 20-day low, with no near-term catalyst to reverse the energy sector headwind. | ▼ |
11— | MOWI | Mowi ASA | 20-5 | 9-3 | 42-3 | 45-15 | low | Mowi is at its 20-day low on strong negative momentum (-8.4% over 20 days) and absent salmon spot price support, with no near-term recovery catalyst evident. | ▼ |
12▼3 | YAR | Yara International ASA | 20-10 | 8-10 | 38 | 30-6 | low | Yara is in a severe downtrend (-18.1% over 20 days) at its 20-day low, pressured by weak fertiliser prices and elevated volatility, with no near-term fundamental catalyst to stabilise the name. | ▼ |
13▼1 | AUSS | Austevoll Seafood ASA | 18-4 | 8 | 40-2 | 42-13 | low | Austevoll is at its 20-day low with a sharp -8.5% monthly decline and no positive salmon spot catalyst, making the near-term outlook clearly negative. | ▼ |
14— | NHY | Norsk Hydro ASA | 14-4 | 5 | 35 | 15-7 | low | Norsk Hydro is the weakest stock in the universe on momentum (-25.8% over 20 days, -13.4% vs MA) with the highest realised volatility (29.6%), reflecting a collapsing aluminium price environment and maximum near-term risk. | ▼ |
15— | SALM | SalMar ASA | 12-3 | 5+1 | 38-2 | 22-13 | low | SalMar has suffered the sharpest sell-off in the universe (-19.8% over 20 days, -16.8% last week) and sits at its 20-day low with extremely elevated realised volatility, signalling a high-risk, avoid situation. | ▼ |