1▲2 | KOG | Kongsberg Gruppen ASA | 82+12 | 90+15 | 62 | 48-4 | high | Kongsberg Gruppen surges +13.3% this week and is at its 20-day high, driven by continued European defence spending escalation — the strongest momentum and most credible sector tailwind in the universe. | ▼ |
2— | ORK | Orkla ASA | 72 | 82 | 60+2 | 68-4 | high | Orkla is exhibiting strong momentum, up +11.1% over 20 days and sitting exactly at its 20-day high (Rng=100%), supported by defensive consumer staples appeal in an uncertain macro environment. | ▼ |
3▼2 | STB | Storebrand ASA | 70-4 | 78-7 | 60 | 70 | high | Storebrand is at its 20-day high (Rng=100%), up +8.1% over the month, with low volatility and solid defensive financials characteristics making it an attractive near-term hold. | ▼ |
4▲1 | DNB | DNB Bank ASA | 62+4 | 65+7 | 62 | 80-2 | medium | DNB shows steady positive momentum (+3.3% / 20d), trades above its 20-day MA, and benefits from a higher-for-longer Nordic rate environment, with relatively low volatility. | ▼ |
5▼1 | SUBC | Subsea 7 SA | 55-10 | 55-13 | 55-3 | 72+12 | medium | Subsea 7 shows moderate positive momentum (+5.8% / 20d) with low volatility, but sits in the middle of its 20-day range and faces some headwind from softer energy capex expectations. | ▼ |
6— | SCATC | Scatec ASA | 48+6 | 48+8 | 42+2 | 60+5 | medium | Scatec has recovered modestly this week (+2.2%) and is near its 20-day MA, but the 20-day trend remains slightly negative and renewables sentiment is mixed in the current macro environment. | ▼ |
7▲2 | BWLPG | BW LPG Limited | 35+10 | 32+14 | 45+3 | 38+6 | low | BW LPG shows slight near-term stabilisation but remains in a negative 20-day trend (-4.6%) with elevated shipping sector volatility and no visible positive catalyst. | ▼ |
8▼1 | TEL | Telenor ASA | 33+3 | 25+10 | 50-2 | 65+3 | low | Telenor continues to drift lower (-1.9% / -6.2%), trading below its 20-day MA near 20-day lows; defensive yield appeal is offset by competitive pressure and weak NOK-adjusted returns. | ▼ |
9▲2 | MOWI | Mowi ASA | 32+12 | 24+15 | 45+3 | 62+17 | low | Mowi continues to trend lower (-5% over both 5d and 20d), trading well below its 20-day MA with no visible catalyst to reverse the salmon sector sell-off. | ▼ |
10▲3 | AUSS | Austevoll Seafood ASA | 30+12 | 22+14 | 42+2 | 58+16 | low | Austevoll is in a clear short-term downtrend (-5.4% / -5.1%) sitting near 20-day lows with no positive catalysts and absent salmon spot price data to support a reversal. | ▼ |
11▼3 | EQNR | Equinor ASA | 30+2 | 22+7 | 50-2 | 40+8 | low | Equinor shows tentative near-term stabilisation (+1.8% 5d) but the 20-day trend remains deeply negative (-10.7%) and Brent at $72 limits upside for integrated Norwegian energy producers. | ▼ |
12— | YAR | Yara International ASA | 30+10 | 20+12 | 42+4 | 42+12 | low | Yara is under pressure from a weak 20-day trend (-13.6%) sitting near 20-day lows; fertiliser margins remain challenged by high energy input costs relative to crop prices. | ▼ |
13▼3 | AKRBP | Aker BP ASA | 28+4 | 18+8 | 45 | 38+8 | low | Aker BP has only marginally stabilised this week (+0.1%) after a -12.5% 20-day selloff driven by Brent crude near $72, sitting near 20-day lows with no near-term catalyst. | ▼ |
14▲1 | SALM | SalMar ASA | 18+6 | 8+3 | 40+2 | 28+6 | low | SalMar is the weakest name in the aquaculture space, down a severe -13%/-16.5% over 5/20 days, sitting near 20-day lows with very high realised volatility — a clear avoid. | ▼ |
15▼1 | NHY | Norsk Hydro ASA | 12-2 | 5 | 35 | 18+3 | low | Norsk Hydro is the weakest stock in the universe — down 27.1% over 20 days, at its 20-day low (Rng=0%), with extremely high realised volatility (29.9%) — a clear avoid. | ▼ |