1▲4 | EQNR | Equinor ASA | 80+8 | 85+13 | 70+5 | 55-8 | high | EQNR is at its 20-day high with +6.5% monthly momentum and +5.3% above its MA, with high-oil-price tailwinds from Brent at $105 and a modest USD/NOK of 9.29 supporting strong NOK earnings. | ▼ |
2▼1 | AKRBP | Aker BP ASA | 78-4 | 82-8 | 68 | 62-6 | high | AKRBP sits at its 20-day high with solid 5d/20d returns and is directly leveraged to Brent crude at $105.44/bbl, providing a strong near-term tailwind with relatively controlled volatility. | ▼ |
3▼1 | YAR | Yara International ASA | 78-2 | 88-4 | 58 | 47+4 | high | Yara is at its 20-day high with exceptional momentum (+5.8% weekly, +11.7% monthly) likely driven by nitrogen/fertiliser price recovery and elevated energy costs boosting crop commodity dynamics. | ▼ |
4— | SCATC | Scatec ASA | 74-1 | 82-10 | 50+5 | 55+5 | high | Scatec has surged +7.4% in the past week and +8.7% over the month, sitting at 93% of its 20-day range, reflecting strong renewable energy sentiment and potential policy/project catalysts. | ▼ |
5▲1 | SALM | SalMar ASA | 70+7 | 78+10 | 55+2 | 48+6 | high | SALM is at 93% of its 20-day range with an impressive +8.2% monthly return and +5.3% above its MA, making it the strongest momentum name in aquaculture despite higher realised volatility. | ▼ |
6▲2 | MOWI | Mowi ASA | 65+8 | 70+12 | 55+3 | 65 | medium | MOWI shows constructive momentum with positive 5d/20d returns, sitting near the top of its 20-day range at 82%, supported by generally firm salmon sector dynamics and relatively low volatility. | ▼ |
7▼4 | DNB | DNB Bank ASA | 62-14 | 65-15 | 60-5 | 82 | medium | DNB shows steady positive 20d momentum at +4.1% with a near-20-day-high range position (87%) and very low volatility, underpinned by a solid Nordic rate environment for banking margins. | ▼ |
8▼1 | NHY | Norsk Hydro ASA | 55-5 | 52-13 | 55 | 63 | medium | Norsk Hydro shows flat but mildly positive momentum at +0.4% monthly and sits in the mid-range of its 20-day band with moderate volatility, offering a balanced but uninspiring setup. | ▼ |
9— | BWLPG | BW LPG Limited | 52 | 50-2 | 55+7 | 52+14 | medium | BW LPG has strong 20-day gains (+9.0%) but gave back momentum last week (-3.3%) and sits at mid-range, creating a mixed signal — strong underlying shipping fundamentals but near-term consolidation likely. | ▼ |
10— | TEL | Telenor ASA | 48+1 | 42+4 | 55 | 84+6 | medium | Telenor shows near-flat momentum on both 5d and 20d with very low volatility, making it a defensive hold but lacking any positive catalyst to drive outperformance in the near term. | ▼ |
11▲1 | STB | Storebrand ASA | 45+7 | 38+8 | 52+2 | 86+6 | medium | Storebrand has marginally negative momentum on both 5d and 20d, sitting in the lower quartile of its range, though extremely low realised volatility limits downside risk. | ▼ |
12▼1 | AUSS | Austevoll Seafood ASA | 38 | 32 | 45 | 58 | low | AUSS sits below its 20-day MA, in the bottom third of its range, and has slight negative momentum on both 5d and 20d, with no salmon spot data or news catalyst to support a rebound. | ▼ |
13▲1 | SUBC | Subsea 7 SA | 36+12 | 28+20 | 50+5 | 65+3 | low | SUBC has drifted lower with -2.9% last week and sits in just the 12th percentile of its 20-day range, signalling fading momentum despite the supportive oilfield services macro backdrop. | ▼ |
14▼1 | KOG | Kongsberg Gruppen ASA | 22-4 | 10 | 55+3 | 48+3 | low | Kongsberg Gruppen is at its 20-day low with a sharp -6.7% monthly decline and -5.5% below its MA — the second-worst momentum setup in the universe despite its high-quality defence franchise. | ▼ |
15— | ORK | Orkla ASA | 18-4 | 5-5 | 42+2 | 45+1 | low | ORK is at its 20-day low with a steep -12.2% monthly decline and -6.2% below its MA — the worst momentum profile in the universe with no catalyst for near-term recovery. | ▼ |