1— | KOG | Kongsberg Gruppen ASA | 78-4 | 87-3 | 58+3 | 42-6 | high | Kongsberg Gruppen is the momentum standout in the portfolio — up +4.9% this week, +6.8% above its 20-day MA, and at 97% of its 20-day range — driven by sustained defence-sector demand. | ▼ |
2▲1 | STB | Storebrand ASA | 77+2 | 82 | 58+3 | 57-5 | high | Storebrand is at its 20-day high, up +9.7% on the month, with improving momentum this week — the strongest overall technical setup among financials. | ▼ |
3▼1 | SALM | SalMar ASA | 76 | 85 | 52+2 | 48-4 | high | SalMar is the momentum leader in aquaculture — up +13.2% over 20 days, at its 20-day high, and well above its moving average — making it the standout buy in the sector. | ▼ |
4— | DNB | DNB Bank ASA | 74 | 76+1 | 60+2 | 82+2 | high | DNB is trading at 96% of its 20-day range with consistent positive momentum and the lowest volatility in the universe, reflecting quality financials in a stable Nordic rate environment. | ▼ |
5— | AUSS | Austevoll Seafood ASA | 72 | 78 | 50 | 75 | high | Austevoll sits at its 20-day high with a solid +7.2% monthly return and relatively low volatility, supported by constructive aquaculture sector dynamics. | ▼ |
6— | NHY | Norsk Hydro ASA | 70-2 | 78-2 | 52 | 52-6 | high | Norsk Hydro sits at 95% of its 20-day range, +6.6% on the month, with improving weekly momentum (+4.6%) — a constructive setup for an aluminium producer benefiting from a firmer USD/NOK. | ▼ |
7— | MOWI | Mowi ASA | 62 | 60 | 50 | 55-3 | medium | Mowi shows strong 20-day momentum (+7.4%) but gave back ground this week and sits only mid-range, tempering near-term conviction. | ▼ |
8— | SUBC | Subsea 7 SA | 62+2 | 62 | 50-2 | 52-4 | medium | Subsea 7 bounced strongly this week (+3.1%) and sits comfortably above its 20-day MA, but the flat 20-day return and moderate volatility keep conviction at a moderate level. | ▼ |
9▲1 | AKRBP | Aker BP ASA | 55 | 52-1 | 55 | 57-3 | medium | Aker BP benefits from Brent crude near $88/bbl and a solid 20-day gain, but sits only in the lower third of its range and dipped this week, limiting near-term upside conviction. | ▼ |
10▼1 | EQNR | Equinor ASA | 50-8 | 48-10 | 55 | 38-4 | medium | Equinor's strong 20-day trend (+12.9%) is undermined by a sharp -3.7% weekly pullback and high realised volatility, suggesting near-term consolidation risk despite supportive oil prices. | ▼ |
11— | ORK | Orkla ASA | 48+3 | 42 | 52 | 80+2 | medium | Orkla is flat on the month, hovering exactly at its 20-day MA with muted momentum, offering little near-term catalyst in a sideways consumer staples environment. | ▼ |
12— | BWLPG | BW LPG Limited | 44 | 40 | 48 | 54-3 | low | BW LPG's strong 20-day gain is offset by a significant -4.7% weekly drop that pushed it back toward mid-range, reflecting elevated shipping rate uncertainty and sector volatility. | ▼ |
13— | SCATC | Scatec ASA | 38 | 32 | 42-3 | 65 | low | Scatec is below its 20-day MA, down on the month, and sitting in the lower third of its range — weak technicals and no near-term renewables-specific catalyst limit conviction. | ▼ |
14— | TEL | Telenor ASA | 30+2 | 22 | 48 | 40-3 | low | Telenor is in a clear downtrend — down -7.0% over 20 days, below its MA, and at only 34% of its range — with high realised volatility and no near-term catalyst for a reversal. | ▼ |
15— | YAR | Yara International ASA | 22+4 | 8+3 | 40 | 45-5 | low | Yara is at its 20-day low after falling -6.8% this week and -6.4% over the month, with the worst technical setup in the universe and no positive catalyst to arrest the downtrend. | ▼ |