1— | KOG | Kongsberg Gruppen ASA | 88 | 97 | 65+5 | 42+7 | high | Extraordinary defence-driven momentum (+8.4% over 5 days, +22.4% over 20 days, +11.6% above the 20-day MA, Rng 100%) with geopolitical tailwinds sustaining elevated conviction despite high realised volatility. | ▼ |
2▲1 | AKRBP | Aker BP ASA | 78-1 | 85-3 | 62+2 | 65+15 | high | Strong momentum (+4.7% 5d, +5.4% 20d, Rng 92%) amplified by Brent crude at $91.25/bbl, positioning AKRBP as a high-conviction energy trade in the current macro environment. | ▼ |
3▲3 | EQNR | Equinor ASA | 75+2 | 82 | 63+1 | 48+18 | high | Exceptional 20-day return of +10.6% and solid 5-day gain of +3.7% driven by elevated Brent at $91.25, though elevated realised volatility (14.0%) limits the volatility sub-score. | ▼ |
4▼2 | SUBC | Subsea 7 SA | 74-8 | 82-8 | 58 | 55+13 | high | At 20-day highs (Rng 100%) with strong momentum (+5.2% 5d, +4.7% 20d) and a notable +5.5% above the 20-day MA, though elevated volatility (12.4%) and sector cyclicality warrant some caution. | ▼ |
5— | BWLPG | BW LPG Limited | 73-1 | 82-2 | 58+3 | 62 | high | Strong momentum across all horizons (+4.7% 5d, +7.2% 20d, Rng 100%) supported by firm LPG freight rates and a favourable USD/NOK (9.42) for USD-earning shippers. | ▼ |
6▲1 | DNB | DNB Bank ASA | 72 | 76-4 | 62 | 72+4 | high | At the top of its 20-day range (Rng 100%) with strong momentum (+5.6% over 20 days, +1.6% over 5 days) and low volatility, supported by a stable Nordic rate environment. | ▼ |
7▼3 | SCATC | Scatec ASA | 70-5 | 78-8 | 50+2 | 62+7 | high | Best 5-day performer in the renewables space (+6.7%) with Rng at 100% and +4.5% above the 20-day MA, though low 20-day return (+1.3%) and elevated sector risk temper the overall score. | ▼ |
8— | STB | Storebrand ASA | 67-1 | 68-6 | 60 | 78+8 | medium | Sitting at 20-day highs (Rng 100%) with positive momentum (+3.6% over 20 days) and very low volatility (5.0%), offering a stable financial sector holding with solid risk-adjusted appeal. | ▼ |
9▲1 | MOWI | Mowi ASA | 63+3 | 63+1 | 57+3 | 80+6 | medium | Steady upward trend (+4.1% over 20 days) at a mid-range position (Rng 58%) with low realised volatility of 4.7%, making it the most stable aquaculture play in a supportive price environment. | ▼ |
10▼1 | AUSS | Austevoll Seafood ASA | 62 | 67-1 | 55+3 | 75+3 | medium | Positive momentum with +3.9% over 20 days and Rng at 85%, supported by a constructive salmon price environment and weak NOK benefiting aquaculture exporters. | ▼ |
11▲1 | SALM | SalMar ASA | 61+5 | 62+2 | 56+2 | 62+10 | medium | Best 20-day return among aquaculture names (+5.4%) but elevated volatility (Vol 8.9%) and a mid-range position (Rng 54%) with a slight 5-day pullback temper near-term conviction. | ▼ |
12▼1 | NHY | Norsk Hydro ASA | 58+1 | 60-3 | 55+5 | 55+11 | medium | Positive 20-day momentum (+5.6%) and constructive aluminium sector dynamics, but a slight 5-day pullback (-1.0%) and elevated volatility (12.2%) keep conviction at a moderate level. | ▼ |
13— | TEL | Telenor ASA | 38-7 | 28-14 | 52-3 | 73-7 | low | Flat 5-day performance and a -7.3% 20-day decline place Telenor in a clear downtrend, with defensive characteristics (low volatility, Rng 82%) limiting downside but providing no near-term upside catalyst. | ▼ |
14— | ORK | Orkla ASA | 33+3 | 25+1 | 50 | 78+3 | low | Underperforming across all time frames (-3.4% over 20 days, -1.6% over 5 days, below 20-day MA) with Rng at only 35%, signalling a clear downtrend with no visible catalyst. | ▼ |
15— | YAR | Yara International ASA | 28+6 | 15+5 | 42+2 | 60+12 | low | Weakest momentum in the universe (-7.3% over 20 days, -3.9% below the 20-day MA, Rng only 5%) amid ongoing fertiliser price pressure and no visible near-term catalyst. | ▼ |