1▲1 | SALM | SalMar ASA | 82+7 | 92+7 | 55+3 | 42-20 | high | SalMar leads the universe with +15.5% 20-day return and +7.5% last week, sitting at the top of its 20-day range with the strongest momentum across all aquaculture peers. | ▼ |
2▼1 | KOG | Kongsberg Gruppen ASA | 81-1 | 95+3 | 58 | 35-3 | high | Kongsberg Gruppen's +20% 20-day surge and +11.1% above its moving average reflect sustained European defence spending tailwinds, making it the top industrial conviction. | ▼ |
3▲1 | AUSS | Austevoll Seafood ASA | 75+3 | 82+2 | 50 | 62-16 | high | Austevoll is at its 20-day high with +7.7% monthly gain, benefiting from the same salmon spot-price tailwinds as peers and offering diversified aquaculture exposure. | ▼ |
4▲2 | MOWI | Mowi ASA | 74+8 | 80+10 | 52+2 | 68-6 | high | Mowi's steady +6.2% 20-day climb and position at its range high reflects solid salmon fundamentals, with the lowest volatility in the aquaculture sector. | ▼ |
5— | EQNR | Equinor ASA | 72+4 | 78-3 | 58+3 | 38-4 | high | Equinor's +11.2% 20-day return is buoyed by Brent crude at $87.44 and a supportive USD/NOK of 9.49, though elevated vol (14.1%) tempers the setup. | ▼ |
6▼3 | AKRBP | Aker BP ASA | 70-4 | 75-7 | 55 | 55-3 | high | Aker BP benefits from strong crude prices and positive momentum (+6.7% over 20 days), sitting at 86% of its 20-day range with moderate volatility. | ▼ |
7▲3 | DNB | DNB Bank ASA | 65+5 | 68+8 | 60+2 | 68-12 | medium | DNB shows steady positive momentum (+4% 20-day, 93% of range) with low realised volatility, a quality defensive-growth financials setup with no negative catalysts. | ▼ |
8▼1 | STB | Storebrand ASA | 63-2 | 65-3 | 58+2 | 65-11 | medium | Storebrand mirrors DNB's stable low-volatility profile at 95% of its 20-day range, though slightly softer 20-day return (+3.3%) limits upside conviction. | ▼ |
9— | NHY | Norsk Hydro ASA | 62-1 | 68-2 | 52+2 | 48-2 | medium | Norsk Hydro's +5.4% 20-day gain and strong vsMA reading of +5.4% are positive, supported by aluminium market stability and a constructive EUR/NOK backdrop. | ▼ |
10▼2 | SUBC | Subsea 7 SA | 60-3 | 68+6 | 52-2 | 48-10 | medium | Subsea 7 is at its 20-day high with +5.8% monthly return, riding the offshore energy capex cycle, though elevated volatility (11.1%) and no specific catalyst cap the score. | ▼ |
11▲2 | BWLPG | BW LPG Limited | 58+23 | 62+32 | 50+2 | 52-6 | medium | BW LPG shows positive momentum (+4.7% 20-day) but sits only at 71% of its range and carries moderate shipping-sector cyclical risk. | ▼ |
12▼1 | SCATC | Scatec ASA | 52+4 | 55+7 | 45 | 60-5 | medium | Scatec's near-flat 20-day return (-0.7%) with a slight 5-day bounce (+3.2%) and position at range high suggests short-term stabilisation, but no clear catalyst underpins a breakout. | ▼ |
13▼1 | ORK | Orkla ASA | 35-1 | 22-6 | 50 | 65-13 | low | Orkla's -2.5% five-day and -2.6% 20-day decline with price at only 23% of its 20-day range signals a clear downtrend with no identifiable near-term catalyst. | ▼ |
14▲1 | TEL | Telenor ASA | 30+2 | 18-2 | 48 | 62+14 | low | Telenor's -8.7% 20-day slide and negative vsMA place it firmly in a downtrend; defensive telecom characteristics provide some floor but momentum is decisively bearish. | ▼ |
15▼1 | YAR | Yara International ASA | 22-8 | 10-8 | 42-3 | 50-2 | low | Yara is the weakest name in the universe with -8% 20-day return, only 13% of its range, and negative vsMA (-3.8%), reflecting fertiliser price weakness and a broken technical trend. | ▼ |