Industrials
Kongsberg Gruppen ASA
| Strategy | Weight | Market value | Unrealised P&L |
|---|---|---|---|
| AI Concentrated | 20.00% | 211 854 NOK | −4 958 NOK−2.29% |
| AI Equal Weight | 7.14% | 73 675 NOK | 4 544 NOK+6.57% |
| AI Momentum | 12.46% | 102 449 NOK | −106 531 NOK−50.98% |
| Date | Score | Rank | Confidence | Thesis |
|---|---|---|---|---|
| 25. september 2026 | 82 | 1 | high | Kongsberg Gruppen is at its 20-day high (Rng 100%) with the strongest momentum in the universe (+4.2% 5d, +5.5% 20d, +5.9% vs MA), reflecting sustained defence/tech demand driven by elevated European security spending. |
| 24. september 2026 | 78 | 1 | high | Kongsberg sits at 91% of its 20-day range with strong 5d (+4.5%) and 20d (+2.1%) momentum and a positive vsMA, reflecting sustained defense-spending tailwinds. |
| 23. september 2026 | 80 | 1 | high | Kongsberg Gruppen is the standout momentum leader with +5.6% weekly, +4.1% monthly, +3.6% above its 20-day MA, and sitting at 93% of its 20-day range, driven by sustained defence and industrial demand. |
| 22. september 2026 | 82 | 1 | high | Kongsberg Gruppen is the top momentum name — +6.4% weekly, +2.4% monthly, sitting at 96% of its 20-day range, consistent with strong defence/industrial demand trends. |
| 21. september 2026 | 80 | 1 | high | Kongsberg Gruppen surged +6.8% over the past week to its 20-day high with the strongest vsMA in the universe, signalling strong defence-driven momentum and clear near-term bullish setup. |
| 18. september 2026 | 72 | 4 | high | Kongsberg surges +5.9% in 5 days and holds 80% of its 20-day range, likely driven by continued European defence spending momentum, though 20d return is mildly negative. |
| 17. september 2026 | 48 | 8 | 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. |
| 16. september 2026 | 30 | 12 | 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. |
| 15. september 2026 | 35 | 11 | low | KOG faces near-term momentum headwinds (-7.9% 20d, near 20-day lows) despite its strong structural defence/aerospace growth story; the technical setup argues for waiting for stabilisation. |
| 14. september 2026 | 32 | 11 | low | Kongsberg Gruppen is near its 20-day low with -7.9% monthly return and price below its MA, suggesting a pullback that has yet to find support despite strong long-term fundamentals. |
| 11. september 2026 | 22 | 14 | 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. |
| 10. september 2026 | 26 | 13 | low | Kongsberg Gruppen has plunged to its 20-day low (-5.1% this week) despite solid sector tailwinds from European defence spending, suggesting profit-taking after an extended run-up. |
| 9. september 2026 | 33 | 12 | low | Kongsberg Gruppen has weakened recently (-1.2% weekly, -3.0% vs MA, 4% of range) despite its strong defence sector narrative, creating a weak short-term technical setup. |
| 8. september 2026 | 37 | 12 | low | Kongsberg Gruppen is near its 20d lows (4th percentile) and below its MA despite resilient long-term defence demand, signalling short-term technical weakness after a strong run. |
| 7. september 2026 | 36 | 12 | low | Kongsberg shows weakening momentum near 20-day lows with -3.0% vs MA; while the defence theme remains structurally positive, near-term price action is consolidating negatively. |
| 4. september 2026 | 42 | 13 | low | Kongsberg Gruppen is near the bottom of its 20-day range (Rng 12%) and below its moving average despite strong defence sector tailwinds, signalling near-term consolidation risk. |
| 3. september 2026 | 48 | 14 | medium | Kongsberg Gruppen has lost its recent leadership with only +1.7% over 20 days, sitting at just 20% of its range and below its 20-day MA, suggesting near-term distribution. |
| 2. september 2026 | 62 | 9 | medium | Positive 5d (+2.7%) and 20d (+4.8%) returns but slightly below the 20-day MA (–0.2%) and at only 34% of 20-day range, suggesting the recent rally has pulled back from highs; defence/industrial demand remains structurally strong. |
| 1. september 2026 | 44 | 14 | low | Kongsberg shows positive 20-day gains (+5.4%) but sits near the bottom of its recent range (Rng 28%) and below the MA (-1.6%), indicating near-term momentum exhaustion despite strong defence sector backdrop. |
| 31. august 2026 | 60 | 9 | medium | Kongsberg Gruppen shows strong 20-day momentum (+7.0%) driven by elevated defence spending, but the recent -1.8% weekly dip and high volatility (12.8%) suggest near-term consolidation. |
| 28. august 2026 | 54 | 12 | medium | Kongsberg's 6.6% monthly gain underpins the structural defence/maritime technology tailwind, but a 2.6% weekly decline, elevated volatility (13.3%), and below-MA pricing warrant caution short-term. |
| 27. august 2026 | 58 | 13 | medium | Kongsberg has a positive 20-day trend (+6.2%) underpinned by strong defence spending tailwinds, but a -3.3% 5-day pullback and only 49% range position suggest short-term momentum has stalled. |
| 26. august 2026 | 36 | 14 | low | KOG's sharp -5.8% 5d drop and collapse to Rng=36% despite a strong 20d return signals an abrupt reversal that warrants caution until stabilisation. |
| 25. august 2026 | 48 | 13 | medium | Exceptional 20-day momentum (+8.7%) is being sharply unwound with a -6.5% weekly drop, suggesting profit-taking or a missed catalyst; mid-range position reflects the tension. |
| 24. august 2026 | 45 | 13 | medium | Kongsberg's sharp -6.5% 5-day drop overrides strong 20d gains (+8.7%), leaving it mid-range (52%) and flagging potential short-term mean reversion lower before any recovery. |
| 21. august 2026 | 76 | 3 | high | Kongsberg Gruppen's exceptional +16.1% 20-day return driven by structural European defence spending growth is a dominant positive catalyst, though recent -2.7% weekly pullback and high vol warrant some caution. |
| 20. august 2026 | 82 | 1 | high | Kongsberg's +17.3% 20-day return is the strongest in the universe, fuelled by sustained European defence spending growth and a robust order backlog. |
| 19. august 2026 | 88 | 1 | 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. |
| 18. august 2026 | 88 | 1 | 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. |
| 17. august 2026 | 88 | 1 | high | Exceptional momentum (+21.3% in 20d, +8.4% last week, +11.1% above MA, at 20d high) driven by sustained defence-sector demand and strong Kongsberg order flow. |
| 14. august 2026 | 81 | 2 | high | Kongsberg Gruppen's +20% 20-day surge and +11.1% above its moving average reflect sustained European defence spending tailwinds, making it the top industrial conviction. |
| 13. august 2026 | 82 | 1 | high | Kongsberg Gruppen is the standout performer: +14.8% over 20 days, +4.1% last week, at its 20-day high, driven by continued strong defence-spending tailwinds across NATO. |
| 12. august 2026 | 84 | 1 | high | Kongsberg is at its 20-day high with +3% weekly gain, +12% monthly surge, and +6.7% above its MA, driven by sustained defence-spending tailwinds across NATO. |
| 11. august 2026 | 78 | 1 | high | Kongsberg Gruppen is the momentum standout in the portfolio — up +4.9% this week, +6.8% above its 20-day MA, and at 97% of its 20-day range — driven by sustained defence-sector demand. |
| 10. august 2026 | 82 | 1 | high | Kongsberg shows the most powerful momentum in the universe — +4.9% in 5 days, near 20-day high (97% Rng), and a dominant vsMA of +6.8% reflecting strong defence-sector demand. |
| 7. august 2026 | 82 | 1 | high | Kongsberg Gruppen is the standout — +6.2% in 5 days, +7.3% above its 20-day MA, and at a 98% range position, driven by structurally elevated European defence spending. |
| 6. august 2026 | 68 | 4 | medium | Kongsberg Gruppen combines strong 5d momentum (+3.9%) with an elevated vsMA of +5.9% — the highest in the universe — supported by sustained defence spending tailwinds in NATO countries. |
| 5. august 2026 | 50 | 10 | medium | Kongsberg's sharp 20-day pullback (-8.5%) is partially offset by a strong 5-day bounce (+3.9%) and positive vsMA, suggesting a tentative recovery, but elevated volatility (17.6%) demands caution. |
| 4. august 2026 | 43 | 12 | low | Kongsberg is deep in a 20d correction (-9.7%) despite modest 5d recovery (+2.2%) and 41% range position; defence sector long-term thesis intact but short-term momentum is weak. |
| 3. august 2026 | 44 | 11 | low | Despite solid 5d momentum (+2.2%), the deeply negative 20d return (-9.7%) and mid-range position (41st pct) with high volatility (20.1%) suggest a stock in medium-term downtrend still searching for a base. |
| 31. juli 2026 | 48 | 11 | medium | Kongsberg's strong 5-day pop (+4.0%) partially offsets a negative 20-day trend (-4.6%) and below-MA positioning, leaving a mixed signal despite solid defence sector tailwinds. |
| 30. juli 2026 | 62 | 8 | medium | Kongsberg Gruppen has strong near-term momentum (+7.1% last week) driven by defence sector demand, though it sits below its MA and at only 41% of its 20-day range, suggesting the weekly pop may face resistance. |
| 29. juli 2026 | 52 | 9 | medium | Kongsberg shows strong recent 5-day momentum (+5.2%) driven by ongoing defence spending tailwinds, but the 20d is flat and the stock sits in the lower third of its recent range, suggesting incomplete recovery. |
| 28. juli 2026 | 55 | 10 | medium | Good 5-day (+4.4%) and 20-day gains but price remains below the MA and near 20-day lows in range, indicating near-term consolidation after defence sector strength. |
| 27. juli 2026 | 55 | 10 | medium | Kongsberg shows good 5-day momentum (+4.4%) and strong 20d return, but price is in the bottom third of its range and below its MA, suggesting a choppy recovery from a pullback. |
| 24. juli 2026 | 42 | 13 | low | Despite strong defense-sector fundamentals, KOG is -4.7% below its 20-day MA and near the bottom of its 20-day range (17%) after a -3.0% 20-day drawdown — momentum has stalled. |
| 23. juli 2026 | 25 | 13 | low | Kongsberg is at 8% of its 20-day range, -8.2% over 20 days and -6.7% below MA — deeply oversold but no catalyst to reverse the strong downtrend. |
| 22. juli 2026 | 32 | 12 | low | Kongsberg has fallen sharply to 8% of its 20-day range, well below its MA (-6.9%), and its high realised volatility (19.8%) amplifies downside risk despite the defence sector's structural strength. |
| 21. juli 2026 | 18 | 15 | low | Kongsberg Gruppen is the weakest setup in the universe — down 7.3% this week and 9.3% over 20 days, at 9% of range, with high volatility suggesting the prior defence-sector rally is unwinding sharply. |
| 20. juli 2026 | 22 | 15 | low | Kongsberg Gruppen's -7.3% weekly and -9.3% monthly declines, sitting at just 9% of its 20-day range with elevated volatility (19.7%), put it firmly in avoid territory despite its strong defence sector fundamentals. |
| 17. juli 2026 | 18 | 15 | low | Severe 5-day crash (-14.5%) and 20-day decline (-7.1%) leave Kongsberg at the very bottom of its 20-day range (0%) and deeply below MA (-8.6%); elevated volatility (18.6%) amplifies downside risk. |
| 16. juli 2026 | 22 | 15 | low | Kongsberg Gruppen's catastrophic -13.7% 5d plunge to within 2% of its 20-day low — the sharpest single-week drop in the universe — signals a major near-term risk event requiring avoidance. |
| 15. juli 2026 | 18 | 15 | low | Kongsberg Gruppen's -15.8% 5-day crash is the worst in the universe this week, placing it at only 1% of its 20-day range — a likely major negative catalyst that dominates the score. |
| 14. juli 2026 | 40 | 10 | low | Kongsberg's sharp -8.7% 5-day drop is the worst short-term performance in the universe and dominates the signal despite solid longer-term defence sector tailwinds. |
| 13. juli 2026 | 44 | 8 | low | Sharp 5-day drop (-8.7%) is the worst in the universe this week, likely on profit-taking after a strong run; the 20-day return is still positive (+1.8%) suggesting the trend isn't broken but near-term risk is elevated. |
| 10. juli 2026 | 76 | 1 | high | Kongsberg is the strongest 20-day performer in the industrial sector (+8.0%), at 82% of its range, with 6.4% above its MA, and sustained demand from European defence spending underpins the trend. |
| 9. juli 2026 | 78 | 1 | high | Kongsberg Gruppen is the top momentum name this week — an exceptional +8.4% 5-day return, +7.3% above its 20-day MA, at 85% of its range, reflecting sustained defence/industrial demand. |
| 8. juli 2026 | 88 | 1 | high | Kongsberg Gruppen is the standout buy with a +13% 5-day surge, sitting at the 100% mark of its 20-day range — strong defence spending tailwinds and positive price action signal continued momentum. |
| 7. juli 2026 | 88 | 1 | high | Exceptional +17.9% weekly surge with price at 20-day high signals a major positive catalyst — likely a large defence contract or strategic announcement — in a sector with strong Nordic tailwinds. |
| 6. juli 2026 | 82 | 1 | high | Exceptional +17.9% weekly surge with Rng=100% and +9.3% above 20-day MA reflects powerful defence sector momentum; Kongsberg is the clear top pick this week. |
| 3. juli 2026 | 82 | 1 | high | Kongsberg Gruppen surges +13.3% this week and is at its 20-day high, driven by continued European defence spending escalation — the strongest momentum and most credible sector tailwind in the universe. |
| 2. juli 2026 | 70 | 3 | high | Kongsberg Gruppen benefits from sustained European defence spending momentum, posting +5.8% last week and sitting in the 77th percentile of its range, with structurally strong order visibility as the key catalyst. |
| 1. juli 2026 | 55 | 5 | medium | Kongsberg retains a strong structural defence-spending thesis and is near its 20-day moving average at 52% range positioning, with mild short-term softness after a strong run. |
| 30. juni 2026 | 42 | 5 | low | Kongsberg has pulled back -9.2% over 20 days from what were very elevated levels, and while the long-term defence spending thesis remains intact, short-term momentum is negative with moderately elevated volatility. |
| 29. juni 2026 | 18 | 14 | low | Kongsberg has suffered a sharp -9.0% 5d and -16.2% 20d decline, is at its 20-day low (Rng=0%) with vsMA at -7.4%, suggesting significant selling pressure with no near-term catalyst. |
| 26. juni 2026 | 30 | 11 | low | Kongsberg Gruppen has corrected sharply — down 14.3% over 20 days and sitting at its 20-day low — which is a notable reversal for a defence-sector leader, suggesting profit-taking or sector rotation that may persist. |
| 25. juni 2026 | 30 | 10 | low | Kongsberg Gruppen has reversed sharply from recent highs — down 8.8% over 20 days and barely off its 20-day low — despite its strong defence sector tailwinds, near-term momentum is clearly deteriorating. |
| 24. juni 2026 | 60 | 4 | medium | Kongsberg Gruppen delivers strong weekly momentum (+3.1%) driven by continued defence spending tailwinds across NATO, though the 20-day return remains slightly negative with the stock below its MA. |
| 23. juni 2026 | 45 | 5 | medium | Kongsberg has a small positive weekly return but is -5.8% over 20 days and -4.8% below its MA at only 8% of its range, suggesting the recent defence-spending tailwind has stalled near term. |
| 22. juni 2026 | 63 | 3 | medium | Kongsberg's +4.0% weekly surge on continued European defence spending momentum is a strong short-term catalyst, though the stock remains slightly below its 20-day MA with elevated vol. |
| 19. juni 2026 | 38 | 7 | low | Kongsberg's strong defence/industrials fundamentals underpin a decent base case, but near-term momentum is negative (-2.6% 5d, -6.0% 20d, at 9% of 20-day range) and energy-sector drag weighs on order flow sentiment. |
| 18. juni 2026 | 42 | 4 | low | Kongsberg has strong long-term defense tailwinds but sits at only 14% of its 20-day range after recent consolidation, suggesting near-term momentum stall despite positive sector backdrop. |
| 17. juni 2026 | 33 | 8 | low | Kongsberg Gruppen's strong long-term defence/industrial thesis is overshadowed by a sharp -6.9% weekly drop, with the stock at only 5% of its 20-day range and -5.9% below MA — likely profit-taking after a prolonged run-up. |
| 16. juni 2026 | 25 | 10 | low | Sharp -8.3% weekly drawdown has pushed Kongsberg to the bottom of its 20-day range despite strong long-term defence fundamentals, creating near-term technical damage. |
| 15. juni 2026 | 32 | 13 | low | Kongsberg Gruppen fell -5.7% last week and now sits at just 5% of its 20-day range, -5.4% below its MA; despite strong long-term defence demand, the sharp near-term reversal signals a technical breakdown requiring a pause. |
| 12. juni 2026 | 54 | 6 | medium | Kongsberg Gruppen holds positive 20-day momentum (+1.3%) supported by sustained defence spending themes, though a -1.2% weekly pullback and 24% range position suggest near-term consolidation. |
| 11. juni 2026 | 55 | 6 | medium | Near-flat 20d return (+0.4%) with recent 5d pullback (-3.1%) and low 14% range position, but structural defence/aerospace spending tailwinds remain intact for Kongsberg over the medium term. |
| 10. juni 2026 | 60 | 6 | medium | Kongsberg shows resilient positive 20-day momentum, sits above its MA near mid-range, and benefits structurally from elevated defence spending in the Nordic region. |
| 9. juni 2026 | 57 | 6 | medium | Kongsberg remains just above its 20-day MA (+1.9% vsMA) with a mid-range position and only mild 5d softness, supported by strong structural tailwinds from European defence spending. |
| 8. juni 2026 | 38 | 8 | low | Kongsberg has sold off -6.1% this week despite strong defence sector fundamentals, suggesting near-term profit-taking after a strong run; range at 48% signals no immediate bottom confirmation. |
| 5. juni 2026 | 38 | 10 | low | KOG saw a sharp -8.3% weekly selloff pulling it below its MA and toward the lower range, overwhelming its otherwise solid defence-sector narrative. |
| 4. juni 2026 | 44 | 9 | low | Kongsberg Gruppen shows mild negative momentum (-3.5% weekly, -2.6% monthly) and sits below its 20-day MA, with defense/industrial tailwinds providing underlying support but near-term setup is weak. |
| 3. juni 2026 | 65 | 2 | medium | Kongsberg continues to benefit from sustained defence spending tailwinds with +1.8%/20d and vsMA of +1.2%, sitting above mid-range (Rng=57%) with consistent trend strength. |
| 2. juni 2026 | 76 | 1 | high | Kongsberg Gruppen is the top-ranked stock, with strong positive momentum on 5d (+3.7%) and 20d (+6.3%), sitting above its MA (+3.6%), at 75% of its 20-day range, underpinned by sustained European defence spending growth. |
| 1. juni 2026 | 84 | 1 | high | Kongsberg Gruppen is the clear standout: +6.5% this week, +9.2% over 20 days, at 98% of its 20-day high range, and well above the MA — defence spending tailwinds continue to drive exceptional relative strength. |
| 29. mai 2026 | 82 | 1 | high | Kongsberg Gruppen is at a 20-day high (100% range), up +6.5% this week and +7.1% this month, driven by the sustained European defence spending supercycle — strongest setup in the universe. |
| 28. mai 2026 | 72 | 1 | high | Kongsberg leads industrials with a strong 5-day gain (+4.8%), positive 20d momentum, bullish vsMA (+3.4%), and defence/aerospace sector tailwinds supporting sustained demand. |
| 27. mai 2026 | 78 | 1 | high | Kongsberg Gruppen surged +8.6% in 5 days — the strongest short-term mover — driven by sustained European defense spending tailwinds, now trading above its 20d MA at a healthy range position. |
| 26. mai 2026 | 65 | 7 | medium | Kongsberg leads the industrials space with a strong +6.6% 5d gain, above its MA, supported by ongoing defence spending momentum in Europe. |
| 25. mai 2026 | 65 | 6 | medium | Strong +6.6% 5d return driven by continued defence/industrials demand tailwinds, with Kongsberg at 53% range — momentum building but not yet extreme. |
| 22. mai 2026 | 85 | 1 | high | Kongsberg Gruppen is the standout conviction buy, with record defence order intake driven by European NATO re-armament, a stellar backlog covering multiple years, and accelerating earnings growth. |
| 21. mai 2026 | 86 | 1 | high | Kongsberg Gruppen is a top conviction buy as accelerating European defense budgets, Naval Strike Missile demand, and a burgeoning digital twin backlog drive multi-year earnings upgrades. |
| 20. mai 2026 | 87 | 1 | high | Kongsberg Gruppen is the standout name in the universe, driven by record European defense spending, a multi-year order backlog, and a rare combination of growth visibility and earnings quality. |
| 18. mai 2026 | 88 | 1 | high | Kongsberg Gruppen is the portfolio's top conviction name as record European defence budgets, missile system demand, and a multi-year order backlog point to sustained double-digit earnings growth. |
| 15. mai 2026 | 85 | 1 | high | Kongsberg Gruppen's defence electronics and maritime systems are in a structural demand supercycle driven by elevated NATO spending, with strong order intake providing exceptional earnings visibility. |
| 14. mai 2026 | 85 | 1 | high | Kongsberg Gruppen is the standout conviction call, driven by surging European defence budgets, a record order backlog, and continued earnings upgrades with clear 1–4 week positive momentum. |
| 13. mai 2026 | 88 | 1 | high | Kongsberg Gruppen is the standout conviction buy — record-high European defence budgets, a multi-year order backlog in missiles and maritime systems, and strong earnings momentum create a compelling 1–4 week setup. |
| 12. mai 2026 | 82 | 1 | high | Kongsberg Gruppen is a standout buy as record European defence budgets drive multi-year order intake growth in missiles and maritime systems, with strong momentum, pristine balance sheet, and earnings upgrades supporting the valuation. |
| 11. mai 2026 | 82 | 1 | high | Kongsberg Gruppen is a premier beneficiary of surging European defence budgets, with its Naval Strike Missile and Protector systems in strong demand and order intake at record highs. |
| 9. mai 2026 | 82 | — | Record defence order book; Kongsberg Maritime exposure adds civil upside. Margins expanding as production scales. |
| Date | Strategy | Direction | Shares | Price | Net amount | Rationale |
|---|---|---|---|---|---|---|
| 25. september 2026 | AI Momentum | buy | 1 | 331 NOK | 331 NOK | Score 82 — Kongsberg Gruppen is at its 20-day high (Rng 100%) with the strongest momentum in the universe (+4.2% 5d, +5.5% 20d, +5.9% vs MA), reflecting sustained defence/tech demand driven by elevated European security spending. |
| 24. september 2026 | AI Momentum | buy | 14 | 322 NOK | 4 506 NOK | Score 78 — Kongsberg sits at 91% of its 20-day range with strong 5d (+4.5%) and 20d (+2.1%) momentum and a positive vsMA, reflecting sustained defense-spending tailwinds. |
| 23. september 2026 | AI Momentum | sell | 13 | 322 NOK | 4 178 NOK | Score 80 — reducing weight (rebalance) |
| 22. september 2026 | AI Concentrated | buy | 1 | 323 NOK | 323 NOK | Score 82 — Kongsberg Gruppen is the top momentum name — +6.4% weekly, +2.4% monthly, sitting at 96% of its 20-day range, consistent with strong defence/industrial demand trends. |
| 22. september 2026 | AI Momentum | buy | 6 | 323 NOK | 1 938 NOK | Score 82 — Kongsberg Gruppen is the top momentum name — +6.4% weekly, +2.4% monthly, sitting at 96% of its 20-day range, consistent with strong defence/industrial demand trends. |
| 21. september 2026 | AI Concentrated | buy | 20 | 324 NOK | 6 482 NOK | Score 80 — Kongsberg Gruppen surged +6.8% over the past week to its 20-day high with the strongest vsMA in the universe, signalling strong defence-driven momentum and clear near-term bullish setup. |
| 21. september 2026 | AI Momentum | buy | 65 | 324 NOK | 21 066 NOK | Score 80 — Kongsberg Gruppen surged +6.8% over the past week to its 20-day high with the strongest vsMA in the universe, signalling strong defence-driven momentum and clear near-term bullish setup. |
| 18. september 2026 | AI Concentrated | buy | 1 | 203 005 NOK | 203 106 NOK | Score 72 — Kongsberg surges +5.9% in 5 days and holds 80% of its 20-day range, likely driven by continued European defence spending momentum, though 20d return is mildly negative. |
| 18. september 2026 | AI Momentum | buy | 71 | 317 NOK | 22 527 NOK | Score 72 — Kongsberg surges +5.9% in 5 days and holds 80% of its 20-day range, likely driven by continued European defence spending momentum, though 20d return is mildly negative. |
| 17. september 2026 | AI Momentum | buy | 68 | 308 NOK | 20 941 NOK | Score 48 — 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. |
| 16. september 2026 | AI Momentum | sell | 16 | 305 NOK | 4 871 NOK | Score 30 — reducing weight (rebalance) |
| 15. september 2026 | AI Momentum | buy | 7 | 303 NOK | 2 124 NOK | Score 35 — KOG faces near-term momentum headwinds (-7.9% 20d, near 20-day lows) despite its strong structural defence/aerospace growth story; the technical setup argues for waiting for stabilisation. |
| 14. september 2026 | AI Momentum | buy | 46 | 302 NOK | 13 913 NOK | Score 32 — Kongsberg Gruppen is near its 20-day low with -7.9% monthly return and price below its MA, suggesting a pullback that has yet to find support despite strong long-term fundamentals. |
| 11. september 2026 | AI Momentum | sell | 10 | 299 NOK | 2 988 NOK | Score 22 — reducing weight (rebalance) |
| 10. september 2026 | AI Momentum | sell | 26 | 301 NOK | 7 819 NOK | Score 26 — reducing weight (rebalance) |
| 9. september 2026 | AI Momentum | sell | 11 | 298 NOK | 3 273 NOK | Score 33 — reducing weight (rebalance) |
| 8. september 2026 | AI Momentum | buy | 5 | 309 NOK | 1 544 NOK | Score 37 — Kongsberg Gruppen is near its 20d lows (4th percentile) and below its MA despite resilient long-term defence demand, signalling short-term technical weakness after a strong run. |
| 7. september 2026 | AI Momentum | sell | 20 | 307 NOK | 6 135 NOK | Score 36 — reducing weight (rebalance) |
| 4. september 2026 | AI Momentum | sell | 10 | 311 NOK | 3 106 NOK | Score 42 — reducing weight (rebalance) |
| 3. september 2026 | AI Momentum | sell | 33 | 313 NOK | 10 327 NOK | Score 48 — reducing weight (rebalance) |
| 2. september 2026 | AI Momentum | buy | 38 | 318 NOK | 12 083 NOK | Score 62 — Positive 5d (+2.7%) and 20d (+4.8%) returns but slightly below the 20-day MA (–0.2%) and at only 34% of 20-day range, suggesting the recent rally has pulled back from highs; defence/industrial demand remains structurally strong. |
| 1. september 2026 | AI Momentum | sell | 51 | 312 NOK | 15 903 NOK | Score 44 — reducing weight (rebalance) |
| 31. august 2026 | AI Momentum | buy | 23 | 316 NOK | 7 265 NOK | Score 60 — Kongsberg Gruppen shows strong 20-day momentum (+7.0%) driven by elevated defence spending, but the recent -1.8% weekly dip and high volatility (12.8%) suggest near-term consolidation. |
| 27. august 2026 | AI Momentum | buy | 53 | 315 NOK | 16 709 NOK | Score 58 — Kongsberg has a positive 20-day trend (+6.2%) underpinned by strong defence spending tailwinds, but a -3.3% 5-day pullback and only 49% range position suggest short-term momentum has stalled. |
| 26. august 2026 | AI Momentum | sell | 37 | 309 NOK | 11 423 NOK | Score 36 — reducing weight (rebalance) |
| 25. august 2026 | AI Momentum | buy | 8 | 315 NOK | 2 523 NOK | Score 48 — Exceptional 20-day momentum (+8.7%) is being sharply unwound with a -6.5% weekly drop, suggesting profit-taking or a missed catalyst; mid-range position reflects the tension. |
| 24. august 2026 | AI Concentrated | sell | 646 | 321 NOK | 207 120 NOK | Score 45 — exited; fell below selection threshold |
| 24. august 2026 | AI Momentum | sell | 100 | 321 NOK | 32 062 NOK | Score 45 — reducing weight (rebalance) |
| 21. august 2026 | AI Momentum | sell | 16 | 321 NOK | 5 133 NOK | Score 76 — reducing weight (rebalance) |
| 19. august 2026 | AI Momentum | sell | 4 | 328 NOK | 1 312 NOK | Score 88 — reducing weight (rebalance) |
| 18. august 2026 | AI Momentum | buy | 4 | 337 NOK | 1 349 NOK | Score 88 — 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. |
| 18. august 2026 | AI Concentrated | buy | 2 | 337 NOK | 674 NOK | Score 88 — 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. |
| 17. august 2026 | AI Momentum | buy | 2 | 329 NOK | 659 NOK | Score 88 — Exceptional momentum (+21.3% in 20d, +8.4% last week, +11.1% above MA, at 20d high) driven by sustained defence-sector demand and strong Kongsberg order flow. |
| 14. august 2026 | AI Concentrated | buy | 1 | 330 NOK | 331 NOK | Score 81 — Kongsberg Gruppen's +20% 20-day surge and +11.1% above its moving average reflect sustained European defence spending tailwinds, making it the top industrial conviction. |
| 14. august 2026 | AI Momentum | sell | 13 | 330 NOK | 4 285 NOK | Score 81 — reducing weight (rebalance) |
| 13. august 2026 | AI Momentum | buy | 4 | 321 NOK | 1 285 NOK | Score 82 — Kongsberg Gruppen is the standout performer: +14.8% over 20 days, +4.1% last week, at its 20-day high, driven by continued strong defence-spending tailwinds across NATO. |
| 13. august 2026 | AI Concentrated | buy | 2 | 321 NOK | 642 NOK | Score 82 — Kongsberg Gruppen is the standout performer: +14.8% over 20 days, +4.1% last week, at its 20-day high, driven by continued strong defence-spending tailwinds across NATO. |
| 12. august 2026 | AI Momentum | buy | 8 | 312 NOK | 2 500 NOK | Score 84 — Kongsberg is at its 20-day high with +3% weekly gain, +12% monthly surge, and +6.7% above its MA, driven by sustained defence-spending tailwinds across NATO. |
| 11. august 2026 | AI Momentum | sell | 12 | 310 NOK | 3 722 NOK | Score 78 — reducing weight (rebalance) |
| 7. august 2026 | AI Concentrated | buy | 26 | 312 NOK | 8 116 NOK | Score 82 — Kongsberg Gruppen is the standout — +6.2% in 5 days, +7.3% above its 20-day MA, and at a 98% range position, driven by structurally elevated European defence spending. |
| 7. august 2026 | AI Momentum | buy | 50 | 312 NOK | 15 608 NOK | Score 82 — Kongsberg Gruppen is the standout — +6.2% in 5 days, +7.3% above its 20-day MA, and at a 98% range position, driven by structurally elevated European defence spending. |
| 6. august 2026 | AI Momentum | buy | 62 | 309 NOK | 19 137 NOK | Score 68 — Kongsberg Gruppen combines strong 5d momentum (+3.9%) with an elevated vsMA of +5.9% — the highest in the universe — supported by sustained defence spending tailwinds in NATO countries. |
| 6. august 2026 | AI Concentrated | buy | 1 | 195 235 NOK | 195 332 NOK | Score 68 — Kongsberg Gruppen combines strong 5d momentum (+3.9%) with an elevated vsMA of +5.9% — the highest in the universe — supported by sustained defence spending tailwinds in NATO countries. |
| 5. august 2026 | AI Momentum | buy | 20 | 303 NOK | 6 067 NOK | Score 50 — Kongsberg's sharp 20-day pullback (-8.5%) is partially offset by a strong 5-day bounce (+3.9%) and positive vsMA, suggesting a tentative recovery, but elevated volatility (17.6%) demands caution. |
| 4. august 2026 | AI Momentum | sell | 9 | 296 NOK | 2 662 NOK | Score 43 — reducing weight (rebalance) |
| 3. august 2026 | AI Momentum | sell | 8 | 295 NOK | 2 356 NOK | Score 44 — reducing weight (rebalance) |
| 31. juli 2026 | AI Momentum | sell | 49 | 293 NOK | 14 360 NOK | Score 48 — reducing weight (rebalance) |
| 30. juli 2026 | AI Momentum | buy | 34 | 297 NOK | 10 096 NOK | Score 62 — Kongsberg Gruppen has strong near-term momentum (+7.1% last week) driven by defence sector demand, though it sits below its MA and at only 41% of its 20-day range, suggesting the weekly pop may face resistance. |
| 29. juli 2026 | AI Momentum | sell | 5 | 291 NOK | 1 455 NOK | Score 52 — reducing weight (rebalance) |
| 28. juli 2026 | AI Momentum | buy | 2 | 290 NOK | 580 NOK | Score 55 — Good 5-day (+4.4%) and 20-day gains but price remains below the MA and near 20-day lows in range, indicating near-term consolidation after defence sector strength. |
| 27. juli 2026 | AI Momentum | buy | 51 | 292 NOK | 14 904 NOK | Score 55 — Kongsberg shows good 5-day momentum (+4.4%) and strong 20d return, but price is in the bottom third of its range and below its MA, suggesting a choppy recovery from a pullback. |
| 24. juli 2026 | AI Momentum | buy | 55 | 282 NOK | 15 544 NOK | Score 42 — Despite strong defense-sector fundamentals, KOG is -4.7% below its 20-day MA and near the bottom of its 20-day range (17%) after a -3.0% 20-day drawdown — momentum has stalled. |
| 23. juli 2026 | AI Momentum | sell | 31 | 277 NOK | 8 568 NOK | Score 25 — reducing weight (rebalance) |
| 22. juli 2026 | AI Momentum | buy | 46 | 277 NOK | 12 766 NOK | Score 32 — Kongsberg has fallen sharply to 8% of its 20-day range, well below its MA (-6.9%), and its high realised volatility (19.8%) amplifies downside risk despite the defence sector's structural strength. |
| 15. juli 2026 | AI Momentum | sell | 89 | 279 NOK | 24 794 NOK | Score 18 — reducing weight (rebalance) |
| 14. juli 2026 | AI Momentum | sell | 21 | 299 NOK | 6 280 NOK | Score 40 — reducing weight (rebalance) |
| 13. juli 2026 | AI Concentrated | sell | 644 | 312 NOK | 201 013 NOK | Score 44 — exited; fell below selection threshold |
| 13. juli 2026 | AI Momentum | sell | 83 | 312 NOK | 25 907 NOK | Score 44 — reducing weight (rebalance) |
| 10. juli 2026 | AI Momentum | sell | 42 | 321 NOK | 13 495 NOK | Score 76 — reducing weight (rebalance) |
| 9. juli 2026 | AI Momentum | sell | 60 | 323 NOK | 19 381 NOK | Score 78 — reducing weight (rebalance) |
| 8. juli 2026 | AI Momentum | buy | 19 | 332 NOK | 6 302 NOK | Score 88 — Kongsberg Gruppen is the standout buy with a +13% 5-day surge, sitting at the 100% mark of its 20-day range — strong defence spending tailwinds and positive price action signal continued momentum. |
| 7. juli 2026 | AI Momentum | sell | 5 | 328 NOK | 1 638 NOK | Score 88 — reducing weight (rebalance) |
| 6. juli 2026 | AI Momentum | sell | 19 | 323 NOK | 6 137 NOK | Score 82 — reducing weight (rebalance) |
| 3. juli 2026 | AI Momentum | buy | 19 | 308 NOK | 5 853 NOK | Score 82 — Kongsberg Gruppen surges +13.3% this week and is at its 20-day high, driven by continued European defence spending escalation — the strongest momentum and most credible sector tailwind in the universe. |
| 2. juli 2026 | AI Concentrated | buy | 86 | 299 NOK | 25 692 NOK | Score 70 — Kongsberg Gruppen benefits from sustained European defence spending momentum, posting +5.8% last week and sitting in the 77th percentile of its range, with structurally strong order visibility as the key catalyst. |
| 2. juli 2026 | AI Momentum | buy | 84 | 299 NOK | 25 095 NOK | Score 70 — Kongsberg Gruppen benefits from sustained European defence spending momentum, posting +5.8% last week and sitting in the 77th percentile of its range, with structurally strong order visibility as the key catalyst. |
| 1. juli 2026 | AI Momentum | buy | 58 | 293 NOK | 17 025 NOK | Score 55 — Kongsberg retains a strong structural defence-spending thesis and is near its 20-day moving average at 52% range positioning, with mild short-term softness after a strong run. |
| 1. juli 2026 | AI Concentrated | buy | 94 | 293 NOK | 27 593 NOK | Score 55 — Kongsberg retains a strong structural defence-spending thesis and is near its 20-day moving average at 52% range positioning, with mild short-term softness after a strong run. |
| 30. juni 2026 | AI Concentrated | buy | 1 | 146 879 NOK | 146 952 NOK | Score 42 — Kongsberg has pulled back -9.2% over 20 days from what were very elevated levels, and while the long-term defence spending thesis remains intact, short-term momentum is negative with moderately elevated volatility. |
| 30. juni 2026 | AI Momentum | buy | 150 | 279 NOK | 41 823 NOK | Score 42 — Kongsberg has pulled back -9.2% over 20 days from what were very elevated levels, and while the long-term defence spending thesis remains intact, short-term momentum is negative with moderately elevated volatility. |
| 29. juni 2026 | AI Momentum | sell | 61 | 285 NOK | 17 389 NOK | Score 18 — reducing weight (rebalance) |
| 25. juni 2026 | AI Concentrated | sell | 610 | 301 NOK | 183 578 NOK | Score 30 — exited; fell below selection threshold |
| 25. juni 2026 | AI Momentum | sell | 139 | 301 NOK | 41 832 NOK | Score 30 — reducing weight (rebalance) |
| 24. juni 2026 | AI Concentrated | buy | 126 | 294 NOK | 37 024 NOK | Score 60 — Kongsberg Gruppen delivers strong weekly momentum (+3.1%) driven by continued defence spending tailwinds across NATO, though the 20-day return remains slightly negative with the stock below its MA. |
| 24. juni 2026 | AI Momentum | buy | 55 | 294 NOK | 16 161 NOK | Score 60 — Kongsberg Gruppen delivers strong weekly momentum (+3.1%) driven by continued defence spending tailwinds across NATO, though the 20-day return remains slightly negative with the stock below its MA. |
| 23. juni 2026 | AI Concentrated | sell | 175 | 306 NOK | 53 487 NOK | Score 45 — reducing weight (rebalance) |
| 23. juni 2026 | AI Momentum | sell | 106 | 306 NOK | 32 398 NOK | Score 45 — reducing weight (rebalance) |
| 22. juni 2026 | AI Concentrated | buy | 1 | 199 236 NOK | 199 335 NOK | Score 63 — Kongsberg's +4.0% weekly surge on continued European defence spending momentum is a strong short-term catalyst, though the stock remains slightly below its 20-day MA with elevated vol. |
| 22. juni 2026 | AI Momentum | buy | 123 | 294 NOK | 36 216 NOK | Score 63 — Kongsberg's +4.0% weekly surge on continued European defence spending momentum is a strong short-term catalyst, though the stock remains slightly below its 20-day MA with elevated vol. |
| 19. juni 2026 | AI Concentrated | sell | 490 | 296 NOK | 144 920 NOK | Score 38 — exited; fell below selection threshold |
| 19. juni 2026 | AI Momentum | sell | 24 | 296 NOK | 7 098 NOK | Score 38 — reducing weight (rebalance) |
| 18. juni 2026 | AI Concentrated | buy | 1 | 144 116 NOK | 144 188 NOK | Score 42 — Kongsberg has strong long-term defense tailwinds but sits at only 14% of its 20-day range after recent consolidation, suggesting near-term momentum stall despite positive sector backdrop. |
| 18. juni 2026 | AI Momentum | buy | 51 | 293 NOK | 14 930 NOK | Score 42 — Kongsberg has strong long-term defense tailwinds but sits at only 14% of its 20-day range after recent consolidation, suggesting near-term momentum stall despite positive sector backdrop. |
| 17. juni 2026 | AI Momentum | buy | 70 | 290 NOK | 20 330 NOK | Score 33 — Kongsberg Gruppen's strong long-term defence/industrial thesis is overshadowed by a sharp -6.9% weekly drop, with the stock at only 5% of its 20-day range and -5.9% below MA — likely profit-taking after a prolonged run-up. |
| 16. juni 2026 | AI Momentum | sell | 1 | 294 NOK | 294 NOK | Score 25 — reducing weight (rebalance) |
| 15. juni 2026 | AI Momentum | sell | 106 | 302 NOK | 31 953 NOK | Score 32 — reducing weight (rebalance) |
| 12. juni 2026 | AI Momentum | sell | 2 | 298 NOK | 595 NOK | Score 54 — reducing weight (rebalance) |
| 11. juni 2026 | AI Momentum | sell | 11 | 313 NOK | 3 447 NOK | Score 55 — reducing weight (rebalance) |
| 10. juni 2026 | AI Momentum | sell | 6 | 316 NOK | 1 896 NOK | Score 60 — reducing weight (rebalance) |
| 9. juni 2026 | AI Momentum | buy | 88 | 312 NOK | 27 497 NOK | Score 57 — Kongsberg remains just above its 20-day MA (+1.9% vsMA) with a mid-range position and only mild 5d softness, supported by strong structural tailwinds from European defence spending. |
| 8. juni 2026 | AI Momentum | buy | 3 | 306 NOK | 918 NOK | Score 38 — Kongsberg has sold off -6.1% this week despite strong defence sector fundamentals, suggesting near-term profit-taking after a strong run; range at 48% signals no immediate bottom confirmation. |
| 5. juni 2026 | AI Momentum | sell | 25 | 307 NOK | 7 676 NOK | Score 38 — reducing weight (rebalance) |
| 4. juni 2026 | AI Concentrated | sell | 635 | 315 NOK | 200 169 NOK | Score 44 — exited; fell below selection threshold |
| 4. juni 2026 | AI Momentum | sell | 122 | 315 NOK | 38 458 NOK | Score 44 — reducing weight (rebalance) |
| 3. juni 2026 | AI Momentum | sell | 59 | 323 NOK | 19 023 NOK | Score 65 — reducing weight (rebalance) |
| 2. juni 2026 | AI Momentum | sell | 46 | 332 NOK | 15 254 NOK | Score 76 — reducing weight (rebalance) |
| 1. juni 2026 | AI Momentum | buy | 39 | 333 NOK | 13 010 NOK | Score 84 — Kongsberg Gruppen is the clear standout: +6.5% this week, +9.2% over 20 days, at 98% of its 20-day high range, and well above the MA — defence spending tailwinds continue to drive exceptional relative strength. |
| 29. mai 2026 | AI Concentrated | buy | 1 | 319 NOK | 319 NOK | Score 82 — Kongsberg Gruppen is at a 20-day high (100% range), up +6.5% this week and +7.1% this month, driven by the sustained European defence spending supercycle — strongest setup in the universe. |
| 29. mai 2026 | AI Momentum | buy | 34 | 319 NOK | 10 855 NOK | Score 82 — Kongsberg Gruppen is at a 20-day high (100% range), up +6.5% this week and +7.1% this month, driven by the sustained European defence spending supercycle — strongest setup in the universe. |
| 28. mai 2026 | AI Momentum | buy | 21 | 320 NOK | 6 730 NOK | Score 72 — Kongsberg leads industrials with a strong 5-day gain (+4.8%), positive 20d momentum, bullish vsMA (+3.4%), and defence/aerospace sector tailwinds supporting sustained demand. |
| 27. mai 2026 | AI Concentrated | buy | 1 | 198 904 NOK | 199 003 NOK | Score 78 — Kongsberg Gruppen surged +8.6% in 5 days — the strongest short-term mover — driven by sustained European defense spending tailwinds, now trading above its 20d MA at a healthy range position. |
| 27. mai 2026 | AI Momentum | buy | 71 | 312 NOK | 22 150 NOK | Score 78 — Kongsberg Gruppen surged +8.6% in 5 days — the strongest short-term mover — driven by sustained European defense spending tailwinds, now trading above its 20d MA at a healthy range position. |
| 25. mai 2026 | AI Concentrated | sell | 642 | 311 NOK | 199 875 NOK | Score 65 — exited; fell below selection threshold |
| 25. mai 2026 | AI Momentum | sell | 37 | 311 NOK | 11 519 NOK | Score 65 — reducing weight (rebalance) |
| 21. mai 2026 | AI Momentum | sell | 16 | 304 NOK | 4 860 NOK | Score 86 — reducing weight (rebalance) |
| 20. mai 2026 | AI Momentum | buy | 13 | 292 NOK | 3 804 NOK | Score 87 — Kongsberg Gruppen is the standout name in the universe, driven by record European defense spending, a multi-year order backlog, and a rare combination of growth visibility and earnings quality. |
| 18. mai 2026 | AI Momentum | buy | 7 | 293 NOK | 2 049 NOK | Score 88 — Kongsberg Gruppen is the portfolio's top conviction name as record European defence budgets, missile system demand, and a multi-year order backlog point to sustained double-digit earnings growth. |
| 14. mai 2026 | AI Momentum | buy | 10 | 296 NOK | 2 964 NOK | Score 85 — Kongsberg Gruppen is the standout conviction call, driven by surging European defence budgets, a record order backlog, and continued earnings upgrades with clear 1–4 week positive momentum. |
| 13. mai 2026 | AI Momentum | sell | 34 | 309 NOK | 10 504 NOK | Score 82 — reducing weight (rebalance) |
| 12. mai 2026 | AI Equal Weight | buy | 2 | 297 NOK | 594 NOK | Score 82 — Kongsberg Gruppen is a top conviction buy as surging European defence budgets drive record order intake for its missile and naval systems divisions with multi-year revenue visibility. |
| 12. mai 2026 | AI Concentrated | buy | 5 | 297 NOK | 1 486 NOK | Score 82 — Kongsberg Gruppen is a top conviction buy as surging European defence budgets drive record order intake for its missile and naval systems divisions with multi-year revenue visibility. |
| 11. mai 2026 | AI Equal Weight | buy | 1 | 70 077 NOK | 70 112 NOK | Score 82 — Kongsberg Gruppen is a top conviction buy as surging European defence budgets drive record order intake for its missile and naval systems divisions with multi-year revenue visibility. |
| 11. mai 2026 | AI Concentrated | buy | 1 | 196 216 NOK | 196 314 NOK | Score 82 — Kongsberg Gruppen is a top conviction buy as surging European defence budgets drive record order intake for its missile and naval systems divisions with multi-year revenue visibility. |
| 10. mai 2026 | AI Momentum | buy | 2 | 646 NOK | 1 292 NOK | — |
| 9. mai 2026 | AI Momentum | buy | 1 | 103 404 NOK | 103 456 NOK | — |