1— | EQNR | Equinor ASA | 84-1 | 95 | 60-2 | 45 | high | Equinor is at its 20-day high with exceptional 5d (+8.7%) and 20d (+13.2%) momentum, fully supported by Brent crude at $88/bbl and a strong NOK oil revenue backdrop. | ▼ |
2— | AKRBP | Aker BP ASA | 80 | 92 | 58-2 | 55 | high | Aker BP sits exactly at its 20-day high with strong 5d and 20d returns, directly leveraged to the supportive $88 Brent environment and solid operational momentum. | ▼ |
3— | MOWI | Mowi ASA | 72+4 | 82+2 | 52+2 | 50-2 | high | Mowi's strong 5-day rally (+6.0%) and near 20-day high position (94% range) reflect improving salmon market sentiment, though absent spot price data limits conviction. | ▼ |
4— | STB | Storebrand ASA | 70+2 | 78 | 60+2 | 48-2 | high | Storebrand shows healthy 20d momentum (+9.8%) and sits near its 20-day high, benefiting from a rising rate environment and solid Nordic financials backdrop. | ▼ |
5▲1 | AUSS | Austevoll Seafood ASA | 65+3 | 74 | 50+2 | 62 | medium | Austevoll bounced +3.8% this week and sits near its 20-day high (91% range), benefiting from aquaculture sector momentum, though the underlying salmon spot price is unavailable. | ▼ |
6▼1 | ORK | Orkla ASA | 64-1 | 72 | 62+2 | 65-3 | medium | Orkla has strong 20d momentum (+7.6%) and solid range positioning (81%), supported by its defensive consumer staples franchise and stable Nordic demand. | ▼ |
7— | BWLPG | BW LPG Limited | 62 | 71-1 | 52 | 38-4 | medium | BW LPG shows solid 20d gains (+9.5%) and decent 5d momentum, with LPG shipping rates supported by elevated energy commodity demand, though high realised volatility tempers the score. | ▼ |
8— | YAR | Yara International ASA | 55 | 58 | 55+3 | 55 | medium | Yara shows modest positive momentum on both timeframes and sits mid-range, with fertiliser demand providing a neutral-to-positive fundamental backdrop but no clear near-term catalyst. | ▼ |
9— | DNB | DNB Bank ASA | 52-2 | 46 | 62+2 | 85-3 | medium | DNB is essentially flat on all timeframes and sits mid-range (49%), suggesting consolidation with no short-term catalyst, but its very low volatility and stable financials provide downside protection. | ▼ |
10— | SCATC | Scatec ASA | 50 | 48-2 | 50+2 | 68-2 | medium | Scatec is near neutral on momentum (slightly negative 20d, flat vsMA) and sits mid-range; renewables sector headwinds and higher rates keep conviction limited near-term. | ▼ |
11— | SALM | SalMar ASA | 47+5 | 45 | 52+2 | 30+2 | medium | SalMar's strong 5-day pop (+6.1%) is encouraging but insufficient to overcome a deep 20-day drawdown (-9.1%) and mid-range positioning (42%), leaving the technical setup mixed. | ▼ |
12▲2 | SUBC | Subsea 7 SA | 28+3 | 12+2 | 48 | 52 | low | Subsea 7 sits exactly at its 20-day low (0% range) with a sharp 5d (-4.1%) and 20d (-6.6%) decline and negative vsMA, indicating a clear downtrend with no visible near-term catalyst. | ▼ |
13— | NHY | Norsk Hydro ASA | 22-6 | 8-4 | 38-7 | 32-6 | low | Norsk Hydro is in a severe downtrend (-16.6% over 20 days, near 20-day low at 4% range) with aluminium price weakness and high volatility making the near-term risk/reward unattractive. | ▼ |
14▼2 | TEL | Telenor ASA | 20-12 | 14-8 | 45-7 | 38-4 | low | Telenor is in a clear downtrend (-7.8% over 20d, -7.2% last week) sitting at 32% of its range with negative vsMA; structural telecom headwinds and weak momentum argue for avoidance. | ▼ |
15— | KOG | Kongsberg Gruppen ASA | 18-4 | 8 | 45-10 | 28+3 | low | Kongsberg Gruppen is the weakest setup in the universe — down 7.3% this week and 9.3% over 20 days, at 9% of range, with high volatility suggesting the prior defence-sector rally is unwinding sharply. | ▼ |