1— | KOG | Kongsberg Gruppen ASA | 88 | 95-2 | 65 | 38-4 | high | Kongsberg Gruppen's extraordinary +18.5% 20-day return and +5.3% 5-day return reflect sustained European defence spending momentum, making it the top conviction pick in the universe. | ▼ |
2▲4 | DNB | DNB Bank ASA | 80+8 | 88+12 | 65+3 | 62-10 | high | DNB sits at 100% of its 20-day range with +7.7% monthly return and +4.2% above its moving average — the strongest technical setup among financials, supported by a healthy Nordic credit environment. | ▼ |
3▼1 | AKRBP | Aker BP ASA | 78 | 82-3 | 65+3 | 65 | high | Brent at $91.61 combined with +6.7% 20-day momentum and 91% range positioning makes Aker BP a strong buy with clear energy price tailwinds supporting near-term outperformance. | ▼ |
4▲1 | BWLPG | BW LPG Limited | 77+4 | 88+6 | 58 | 48-14 | high | BW LPG sits at 100% of its 20-day range with the joint-best 5-day return (+5.3%) and strong 20-day momentum (+9.2%), supported by firm LPG shipping rates and USD/NOK translation tailwinds. | ▼ |
5▼1 | SUBC | Subsea 7 SA | 76+2 | 85+3 | 60+2 | 45-10 | high | Subsea 7 is at 100% of its 20-day range with +8.0% monthly return and the strongest vsMA reading in industrials (+5.9%), reflecting robust offshore energy capex demand tied to elevated oil prices. | ▼ |
6▲2 | STB | Storebrand ASA | 75+8 | 76+8 | 63+3 | 78 | high | Storebrand also sits at 100% of its 20-day range with the lowest volatility in the financials sector (4.6%), offering a high-quality momentum setup with strong risk-adjusted characteristics. | ▼ |
7▼4 | EQNR | Equinor ASA | 74-1 | 78-4 | 65+2 | 58+10 | high | Equinor's strongest 20-day return in the energy cohort (+8.7%) and favourable oil price environment support a high conviction score, modestly tempered by slightly elevated volatility at 8.8%. | ▼ |
8▼1 | SCATC | Scatec ASA | 66-4 | 72-6 | 50 | 58-4 | medium | Scatec's strong 5-day return (+5.3%), positive vsMA (+3.5%), and high range position (87%) reflect improving sentiment in renewables, though modest 20-day return (+1.4%) caps conviction. | ▼ |
9▲4 | TEL | Telenor ASA | 60+22 | 58+30 | 58+6 | 85+12 | medium | Telenor offers the lowest volatility in the universe (3.3%) and steady positive momentum, serving as a reliable defensive anchor, though limited upside catalysts keep the score moderate. | ▼ |
10— | AUSS | Austevoll Seafood ASA | 58-4 | 62-5 | 50-5 | 72-3 | medium | Positive short-term momentum and a supportive aquaculture environment keep Austevoll constructive, though the absence of fundamentals data and no company-specific catalyst limits conviction. | ▼ |
11— | SALM | SalMar ASA | 55-6 | 54-8 | 52-4 | 55-7 | medium | SalMar's solid 20-day return of +4.8% is offset by a negative 5-day return and mid-range positioning, while elevated volatility (9.3%) tempers conviction despite a constructive salmon sector backdrop. | ▼ |
12— | NHY | Norsk Hydro ASA | 55-3 | 52-8 | 52-3 | 50-5 | medium | Norsk Hydro shows a solid 20-day return (+9.1%) but a sharp 5-day pullback (-3.5%) and elevated volatility (11.1%) create a mixed signal — momentum may be stalling after a strong run. | ▼ |
13▼4 | MOWI | Mowi ASA | 54-9 | 52-11 | 52-5 | 75-5 | medium | Mild positive momentum and the lowest volatility in the aquaculture cohort provide a stable backdrop, but the muted 5d/20d returns and mid-range positioning suggest limited near-term upside catalyst. | ▼ |
14— | ORK | Orkla ASA | 28-5 | 20-5 | 45-5 | 73-5 | low | Orkla sits at only 15% of its 20-day range with negative momentum across both 5d and 20d, making it the weakest setup in the universe with no visible near-term catalyst. | ▼ |
15— | YAR | Yara International ASA | 22-6 | 12-3 | 40-2 | 52-8 | low | Yara is at the bottom of its 20-day range (3%) with -6.7% monthly and -3.7% below its moving average — a clear downtrend with no visible catalyst for reversal in a weak fertiliser demand environment. | ▼ |