1— | EQNR | Equinor ASA | 88+6 | 95+2 | 65-3 | 60-5 | high | EQNR is the standout pick — at its 20-day high, +9.8% monthly gain, +7.7% last week, with Brent at $108/bbl providing a powerful macro tailwind. | ▼ |
2▲2 | AKRBP | Aker BP ASA | 82+10 | 90+18 | 62-3 | 72-8 | high | AKRBP is at its 20-day high with +6.6% monthly momentum directly benefiting from Brent crude at $108/bbl, offering a strong near-term setup. | ▼ |
3▼1 | SALM | SalMar ASA | 74-5 | 82-10 | 52-6 | 38-4 | high | SALM is breaking out with a +10.5% monthly gain, sitting at 87% of its 20-day range with strong relative strength within the aquaculture sector. | ▼ |
4▼1 | BWLPG | BW LPG Limited | 68-6 | 80-8 | 52-6 | 60 | medium | BWLPG has rallied +8.1% over the month and sits at 90% of its 20-day range, with LPG shipping rates supported by the high-energy-cost macro backdrop. | ▼ |
5▲2 | YAR | Yara International ASA | 67+12 | 78+23 | 55+3 | 44-1 | medium | YAR has rallied +10.2% over the month and holds at 80% of its 20-day range, with fertiliser prices potentially supported by energy cost dynamics at elevated Brent levels. | ▼ |
6▲3 | TEL | Telenor ASA | 58+12 | 58+26 | 55 | 88-2 | medium | TEL offers low-volatility defensive appeal with mild positive momentum, sitting comfortably above its 20-day MA — a safe haven in a mixed market environment. | ▼ |
7▼2 | MOWI | Mowi ASA | 52-6 | 50-10 | 50-5 | 65-3 | medium | MOWI shows neutral-to-mild positive momentum near its 20-day MA midpoint, supported by sector tailwinds in aquaculture but lacking a strong directional catalyst. | ▼ |
8▼2 | DNB | DNB Bank ASA | 46-9 | 38-12 | 58-2 | 82-3 | medium | DNB is essentially flat over 20 days but softening over the past week near the lower third of its range, offering stability but no clear near-term catalyst. | ▼ |
9▲1 | AUSS | Austevoll Seafood ASA | 38-6 | 32-6 | 45-5 | 58-4 | low | AUSS sits near 20-day lows with negative monthly momentum and no available fundamentals, leaving limited near-term catalyst beyond a mild 5-day bounce. | ▼ |
10▼2 | SCATC | Scatec ASA | 33-17 | 24-24 | 42-6 | 52-6 | low | SCATC has drifted lower in recent weeks with negative short-term momentum and sits near its 20-day lows, facing headwinds in the renewables policy and rate environment. | ▼ |
11▲2 | STB | Storebrand ASA | 32+2 | 20+2 | 50+2 | 84-4 | low | STB sits exactly at its 20-day low with a -3.0% monthly decline and deteriorating short-term momentum, making it a weak setup despite low volatility. | ▼ |
12▼1 | KOG | Kongsberg Gruppen ASA | 30-5 | 18 | 55-5 | 55+9 | low | KOG is down -9.4% over the month and sitting near its 20-day low, with near-term momentum clearly negative despite its strong long-term defence/aerospace franchise. | ▼ |
13▲1 | ORK | Orkla ASA | 25+1 | 12+4 | 48+3 | 42-1 | low | ORK is in a sharp downtrend with a -11.2% monthly decline, trading near 20-day lows at just 7% of its range — bearish technical setup with no visible catalyst. | ▼ |
14▼2 | SUBC | Subsea 7 SA | 22-11 | 8-6 | 45-7 | 48-17 | low | SUBC has collapsed -10% over the month, sitting at its 20-day low with the worst near-term momentum in the universe — avoid until stabilisation. | ▼ |
15— | NHY | Norsk Hydro ASA | 20 | 5 | 42 | 52-8 | low | NHY is the weakest materials name — down -8.3% in just one week and at its 20-day low, with aluminium sector headwinds and no near-term recovery catalyst visible. | ▼ |