1— | KOG | Kongsberg Gruppen ASA | 78-10 | 88-7 | 62-3 | 42-3 | high | Kongsberg Gruppen is the top momentum name this week — an exceptional +8.4% 5-day return, +7.3% above its 20-day MA, at 85% of its range, reflecting sustained defence/industrial demand. | ▼ |
2▲1 | ORK | Orkla ASA | 74+2 | 88+10 | 58-2 | 72 | high | Orkla is the strongest momentum name in the universe — at its 20-day high (Rng=100%), up 9.7% over 20 days and +5.5% above its 20-day MA, with defensive consumer staples appeal. | ▼ |
3▼1 | DNB | DNB Bank ASA | 72-2 | 82+2 | 62-3 | 85-3 | high | DNB is the most technically sound financial in the portfolio — at 98% of its 20-day range, up 4.9% over the month, with low volatility (5.7%) and a stable Nordic rate environment. | ▼ |
4— | STB | Storebrand ASA | 68-2 | 78+2 | 58-4 | 72 | medium | Storebrand shows strong trend characteristics — at 92% of its 20-day range, +5.6% over 20 days and above its MA, with low volatility supporting a solid risk-adjusted setup. | ▼ |
5— | SUBC | Subsea 7 SA | 60+5 | 60+8 | 58+3 | 74+6 | medium | Subsea 7 shows steady, low-volatility momentum — modestly above its 20-day MA, mid-range positioning, and one of the lowest Vol readings among industrials at 7.8%. | ▼ |
6— | BWLPG | BW LPG Limited | 52 | 58 | 46-2 | 35 | medium | BW LPG posted a strong +7.6% weekly return and is back near its 20-day MA, but the 20-day return is still –7.7% and shipping volatility remains elevated at 18.9%, limiting conviction. | ▼ |
7▲2 | EQNR | Equinor ASA | 50+14 | 54+24 | 52+2 | 40+5 | medium | Equinor shows a recovery signal — +4.1% this week and back above its 20-day MA (+1.3%), though the 20-day return is still negative and Brent at $78 is only modestly supportive. | ▼ |
8▼1 | SCATC | Scatec ASA | 50 | 48-2 | 48 | 78+6 | medium | Scatec is range-bound near its 20-day MA with low volatility (6.0%) and mid-range positioning, offering a neutral setup with no near-term catalyst to break the holding pattern. | ▼ |
9▼1 | MOWI | Mowi ASA | 48+10 | 46+11 | 48-2 | 65+3 | medium | Small positive 5-day return and near mid-range, but negative 20-day trend and missing salmon spot data limit near-term conviction for the world's largest salmon farmer. | ▼ |
10— | TEL | Telenor ASA | 46+11 | 44+16 | 52-3 | 68+3 | medium | Telenor shows modest weekly recovery (+1.8%) but remains below its 20-day MA and in the lower half of its range, with a mild negative 20-day trend and no specific catalyst. | ▼ |
11▲1 | AUSS | Austevoll Seafood ASA | 42+12 | 40+18 | 45 | 62+4 | low | Modest 5-day bounce (+2.7%) but still below 20-day MA and near the lower end of its range, with salmon spot data unavailable and no company-specific catalysts. | ▼ |
12▼1 | YAR | Yara International ASA | 32 | 24+2 | 42-3 | 52+2 | low | Yara is under meaningful pressure — down 8.8% over 20 days, near the low of its range (Rng=17%), with no fertiliser-specific catalyst to reverse the trend near-term. | ▼ |
13— | AKRBP | Aker BP ASA | 30+2 | 18+3 | 45 | 38+6 | low | Aker BP is in a pronounced downtrend (–11.7% over 20 days, Rng=11%) and Brent at $78 provides only modest support, leaving the risk/reward unattractive near-term. | ▼ |
14— | SALM | SalMar ASA | 22 | 16+4 | 40-5 | 32+2 | low | SalMar is in a clear downtrend — down 10.8% over 20 days, sitting at only 14% of its 20-day range, and exhibiting high realised volatility of 18.8%, with no offsetting catalyst. | ▼ |
15— | NHY | Norsk Hydro ASA | 14-1 | 5 | 35-3 | 22+4 | low | Norsk Hydro is the weakest name in the universe — a severe –23.7% 20-day drawdown, at just 1% of its range, with extreme realised volatility (25.6%) and no positive catalysts visible. | ▼ |