Rime

Materials

NHY

Norsk Hydro ASA

70highRanked #5Held

Current positions

StrategyWeightMarket valueUnrealised P&L
AI Concentrated19.07%190 970 NOK0 NOK+0.00%
AI Equal Weight7.14%71 309 NOK3 762 NOK+5.57%
AI Momentum9.34%91 825 NOK−180 587 NOK−66.29%

Score history

11 entries
6540May 09May 13May 18May 22May 25
DateScoreRankConfidenceThesis
25. mai 2026705highAt 100% of its 20d range with +4.9% 5d and +4.5% above MA — strong breakout momentum in aluminium supported by improved EUR/NOK for exports.
22. mai 20265512mediumNorsk Hydro benefits from aluminium price stabilisation and its downstream extrusions margins, though energy cost headwinds in Europe and weak automotive demand limit near-term upside.
21. mai 20265711mediumNorsk Hydro benefits from stabilizing aluminium prices and green premium demand for recycled aluminium, though high European energy costs and oversupply from China limit meaningful upside.
20. mai 20264413lowNorsk Hydro navigates a challenging environment of soft aluminium prices and elevated European energy costs, with the renewables segment providing only partial offset to upstream margin pressure.
18. mai 20265811mediumNorsk Hydro is supported by resilient aluminium demand from the energy-transition supply chain and ongoing Alunorte ramp-up, though LME aluminium price softness and energy cost risks keep the setup mixed.
15. mai 20265511mediumNorsk Hydro benefits from firm aluminium prices and its low-carbon green aluminium premium, though energy cost volatility and NOK strength create near-term margin uncertainty.
14. mai 20265213mediumNorsk Hydro is stabilising as aluminium prices recover modestly and green aluminium premiums improve, but European energy cost headwinds and Chinese supply pressure keep the setup mixed.
13. mai 20265311mediumNorsk Hydro's integrated aluminium and renewables businesses offer medium-term appeal, but soft LME aluminium prices and near-term European demand uncertainty temper short-term conviction.
12. mai 20264513mediumNorsk Hydro's aluminium operations face compressed margins from lower LME prices and high European energy costs, though the downstream extrusion and recycling business provides partial offset and the balance sheet remains solid.
11. mai 20264414lowNorsk Hydro is squeezed between soft aluminium spot prices and high European energy costs, with limited near-term catalyst despite longer-term green-aluminium positioning.
9. mai 202661—Aluminium prices recovering; renewable energy segment undervalued by market. Bauxite-to-aluminium integration de-risks cost base.

Trades

12 trades
DateStrategyDirectionSharesPriceNet amountRationale
25. mai 2026AI Concentratedbuy1189 267 NOK189 362 NOK

Score 70 — At 100% of its 20d range with +4.9% 5d and +4.5% above MA — strong breakout momentum in aluminium supported by improved EUR/NOK for exports.

25. mai 2026AI Momentumbuy264110 NOK29 176 NOK

Score 70 — At 100% of its 20d range with +4.9% 5d and +4.5% above MA — strong breakout momentum in aluminium supported by improved EUR/NOK for exports.

22. mai 2026AI Momentumsell16107 NOK1 712 NOK

Score 55 — reducing weight (rebalance)

21. mai 2026AI Momentumbuy121104 NOK12 645 NOK

Score 57 — Norsk Hydro benefits from stabilizing aluminium prices and green premium demand for recycled aluminium, though high European energy costs and oversupply from China limit meaningful upside.

20. mai 2026AI Momentumsell125106 NOK13 199 NOK

Score 44 — reducing weight (rebalance)

18. mai 2026AI Momentumbuy24107 NOK2 567 NOK

Score 58 — Norsk Hydro is supported by resilient aluminium demand from the energy-transition supply chain and ongoing Alunorte ramp-up, though LME aluminium price softness and energy cost risks keep the setup mixed.

15. mai 2026AI Momentumbuy29107 NOK3 102 NOK

Score 55 — Norsk Hydro benefits from firm aluminium prices and its low-carbon green aluminium premium, though energy cost volatility and NOK strength create near-term margin uncertainty.

13. mai 2026AI Momentumsell175104 NOK18 173 NOK

Score 52 — reducing weight (rebalance)

12. mai 2026AI Equal Weightbuy5105 NOK526 NOK

Score 52 — Norsk Hydro benefits from resilient aluminium demand in EVs and renewables infrastructure, but LME aluminium prices remain under pressure from Chinese export volumes, limiting near-term upside.

11. mai 2026AI Equal Weightbuy170 077 NOK70 112 NOK

Score 52 — Norsk Hydro benefits from resilient aluminium demand in EVs and renewables infrastructure, but LME aluminium prices remain under pressure from Chinese export volumes, limiting near-term upside.

10. mai 2026AI Momentumbuy2329 NOK659 NOK—
9. mai 2026AI Momentumbuy176 923 NOK76 961 NOK—