1▲1 | SALM | SalMar ASA | 80+6 | 90+8 | 55+3 | 50-6 | high | SalMar is the strongest momentum name in the universe, posting +12.5% over 20 days and +8.2% above its MA, sitting at the 20-day high with the salmon sector clearly in favour. | ▼ |
2▲2 | MOWI | Mowi ASA | 78+5 | 87+8 | 55+3 | 57-5 | high | Mowi sits at its 20-day high with broad-based momentum (+11.1% 20d, +5.7% vsMA) and benefits from elevated salmon demand; the world's largest salmon farmer offers scale advantages. | ▼ |
3▼2 | EQNR | Equinor ASA | 77-3 | 88 | 62+2 | 35 | high | Equinor is the standout energy performer with +20.4% over 20 days and +8.1% above MA, directly benefiting from $91 Brent crude; high volatility is the main risk. | ▼ |
4▲1 | AUSS | Austevoll Seafood ASA | 76+4 | 85+7 | 52+2 | 62-6 | high | Austevoll is at its 20-day high with strong +10.6% monthly momentum driven by positive salmon sector tailwinds, though limited fundamental data adds some uncertainty. | ▼ |
5▼2 | STB | Storebrand ASA | 73-1 | 82+2 | 60 | 64-6 | high | Storebrand is at its 20-day high with +9.3% monthly return and strong +5.4% vsMA, benefiting from a positive Nordic financials environment and manageable volatility. | ▼ |
6— | DNB | DNB Bank ASA | 72 | 68 | 65+3 | 95 | high | DNB is effectively at its 20-day high (Rng 99%) with very low volatility (2.4%), making it the most stable bullish setup in the portfolio despite modest recent returns. | ▼ |
7▲1 | BWLPG | BW LPG Limited | 68+3 | 82+14 | 55+3 | 42+2 | medium | BW LPG has surged +20.7% over 20 days and sits near its 20-day high (Rng 93%), supported by strong LPG shipping rates, though elevated volatility and potential mean-reversion risk warrant some caution. | ▼ |
8▲1 | KOG | Kongsberg Gruppen ASA | 62+10 | 65+10 | 60+2 | 42 | medium | Kongsberg Gruppen has strong near-term momentum (+7.1% last week) driven by defence sector demand, though it sits below its MA and at only 41% of its 20-day range, suggesting the weekly pop may face resistance. | ▼ |
9▼2 | AKRBP | Aker BP ASA | 60-10 | 65-7 | 58 | 45-3 | medium | Aker BP benefits from Brent at $91 with solid +8.5% 20-day return, but higher volatility and underperformance versus EQNR over the same period temper conviction. | ▼ |
10▲2 | YAR | Yara International ASA | 48+8 | 44+8 | 50+2 | 66+3 | medium | Yara shows flat momentum (+1.7% 20d, -0.6% vsMA, midrange) with fertiliser sector headwinds from high energy input costs partly offset by elevated Brent; no clear near-term catalyst. | ▼ |
11▲3 | ORK | Orkla ASA | 47+15 | 42+20 | 55+5 | 80+2 | medium | Orkla shows flat momentum (+1.2% 20d, -0.4% vsMA, midrange) with defensive consumer staples characteristics; low volatility is a plus but there is no near-term catalyst. | ▼ |
12▲1 | TEL | Telenor ASA | 40+7 | 32+7 | 52 | 55 | low | Telenor shows weak momentum (-4.7% 20d, -2.5% vsMA, Rng 37%) with limited near-term catalysts in a mature telecom market, though its defensive nature limits downside. | ▼ |
13▼3 | NHY | Norsk Hydro ASA | 38-6 | 28-12 | 50+2 | 72+4 | low | Norsk Hydro is in a downtrend (-5.9% 20d, -1.6% vsMA, Rng 29%) with aluminium prices under pressure and a stronger NOK reducing export competitiveness. | ▼ |
14▲1 | SCATC | Scatec ASA | 24-4 | 10-5 | 42-3 | 70-12 | low | Scatec is at its 20-day low with -5.3% monthly return and -4.6% below MA, facing headwinds from rising discount rates and execution risks in emerging market renewables. | ▼ |
15▼4 | SUBC | Subsea 7 SA | 22-18 | 8-27 | 48-4 | 52-13 | low | Subsea 7 is at its 20-day low with a sharp -9.9% monthly decline and -7.9% below its MA, signalling clear negative price momentum and a broken technical trend. | ▼ |