1— | EQNR | Equinor ASA | 87-1 | 92-3 | 72+7 | 58-2 | high | Equinor is the top-conviction pick: +6.3% last week, +9.2% over 20 days, at its 20-day high, and maximally leveraged to $105 Brent crude with strong dividend credibility. | ▼ |
2— | AKRBP | Aker BP ASA | 80-2 | 85-5 | 68+6 | 72 | high | Aker BP is at its 20-day high with +7.0% monthly momentum and directly benefits from Brent crude at $105/bbl, presenting a strong near-term setup. | ▼ |
3▲1 | BWLPG | BW LPG Limited | 78+10 | 90+10 | 52 | 50-10 | high | BW LPG surges with the best 5-day return in the universe (+8.8%), sitting at its 20-day high with strong 20d momentum, likely driven by tightening LPG shipping markets. | ▼ |
4▼1 | SALM | SalMar ASA | 62-12 | 68-14 | 48-4 | 38 | medium | SalMar leads aquaculture with a strong +9.0% 20d return and sits at 72% of its 20-day range, suggesting sustained buying interest ahead of any salmon price catalyst. | ▼ |
5▲1 | TEL | Telenor ASA | 60+2 | 62+4 | 55 | 88 | medium | Telenor offers the most stable momentum profile in the universe — low volatility (Vol 3.0%), positive across all timeframes, and near the top of its 20-day range with defensive telecoms appeal. | ▼ |
6▼1 | YAR | Yara International ASA | 55-12 | 55-23 | 52-3 | 42-2 | medium | Yara holds a solid +7.6% 20-day gain and sits at 60% of its range, though a weak 5-day return (-4.1%) flags short-term profit-taking risk in the fertilizer space. | ▼ |
7▲1 | DNB | DNB Bank ASA | 50+4 | 46+8 | 58 | 80-2 | medium | DNB is a stable, low-volatility name holding near its 20-day MA with moderate range position, offering defensive ballast but lacking a near-term positive catalyst. | ▼ |
8▲4 | KOG | Kongsberg Gruppen ASA | 48+18 | 42+24 | 58+3 | 56+1 | medium | Kongsberg shows modest 5d recovery (+2.1%) but remains -6.4% over 20 days and below its MA, offering a potential mean-reversion trade in a defence-supportive environment. | ▼ |
9▼2 | MOWI | Mowi ASA | 47-5 | 44-6 | 48-2 | 62-3 | medium | Mowi shows flat-to-slightly-positive 20d performance and moderate range position, making it the most balanced aquaculture name, but absent salmon spot data limits conviction. | ▼ |
10▲4 | SUBC | Subsea 7 SA | 35+13 | 28+20 | 48+3 | 48 | low | Subsea 7 trades near its 20-day lows with -8.2% monthly decline and sits only at the 23rd percentile of its range, though high oil prices are a mild structural positive. | ▼ |
11— | STB | Storebrand ASA | 32 | 22+2 | 50 | 80-4 | low | Storebrand sits at its 20-day low after a -3.6% monthly decline and is below its moving average, with no identifiable catalyst to drive a near-term recovery. | ▼ |
12▼2 | SCATC | Scatec ASA | 30-3 | 22-2 | 38-4 | 55+3 | low | Scatec fell -7.2% last week and sits near the low end of its 20-day range, reflecting continued headwinds in renewable energy sentiment and elevated sector risk. | ▼ |
13▼4 | AUSS | Austevoll Seafood ASA | 28-10 | 18-14 | 42-3 | 55-3 | low | Austevoll sits at its 20-day low with negative 5d and 20d returns, and no available salmon spot price data removes a key upside catalyst. | ▼ |
14▼1 | ORK | Orkla ASA | 22-3 | 10-2 | 45-3 | 38-4 | low | Orkla is at its 20-day low after a severe -11.8% monthly decline and -4.5% below its moving average, with no visible catalyst to reverse the downtrend. | ▼ |
15— | NHY | Norsk Hydro ASA | 18-2 | 8+3 | 42 | 45-7 | low | Norsk Hydro has collapsed -10.1% in 5 days and -7.6% below its 20-day MA at the bottom of its range, signalling strong downward momentum with no visible reversal trigger. | ▼ |