SUBC

Score 40 — reducing weight (rebalance)

Score 48 — reducing weight (rebalance)

Score 55 — Subsea 7's strong +4.1% weekly rebound is encouraging for the offshore services sector, but the -4.8% monthly return and below-MA position suggest the bounce needs confirmation.

Score 38 — Subsea 7 is down -5.0% over 20 days and near the bottom of its range, though elevated oilfield services demand from high Brent provides a partial offset.

Score 36 — Subsea 7 has suffered a -6.2% monthly decline and sits in the lower third of its range with elevated volatility, reflecting sector uncertainty despite long-term energy services demand.

Score 38 — Subsea 7 is caught in a downtrend with -7.3% over 20 days, a -2.6% vsMA, and moderate volatility — despite oil price strength, oilfield services sentiment remains subdued.

Score 35 — 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.

Score 22 — reducing weight (rebalance)

Score 33 — SUBC has broken down technically — near its 20-day low at just 2% of range, -5.5% 20d, -3.9% vs MA — and despite oilfield services benefiting from high crude, the momentum deterioration dominates.

Score 28 — reducing weight (rebalance)

Score 36 — 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.

Score 24 — reducing weight (rebalance)

Score 30 — reducing weight (rebalance)

Score 35 — Subsea 7 sits at its 20-day low (Rng=0%) and is 3.3% below its MA despite modest 20d decline, suggesting near-term technical weakness even as offshore capex remains elevated.

Score 33 — reducing weight (rebalance)

Score 55 — reducing weight (rebalance)

Score 68 — Solid momentum (+5.5% 20d, +2.1% vs MA, 85% Rng) with low realised volatility (5.9% Vol); energy services tailwind from high Brent supports offshore capex outlook.

Score 45 — reducing weight (rebalance)

Score 60 — Subsea 7 has a strong 20-day return (+7.5%) and benefits from high Brent crude supporting offshore capex, but a small weekly dip (-1.8%) and mid-range position temper conviction.

Score 55 — reducing weight (rebalance)

Score 55 — Positive 20d trend (+4.5%) and strong Rng (81%) are offset by a -2.3% 5d pullback and high volatility (Vol=13%), reflecting some near-term turbulence.

Score 54 — reducing weight (rebalance)

Score 55 — exited; fell below selection threshold

Score 55 — reducing weight (rebalance)

Score 72 — reducing weight (rebalance)

Score 72 — reducing weight (rebalance)

Score 79 — Subsea 7 is at 99% of its 20-day range with an +8.9% monthly return and +5.3% above its MA — exceptionally strong momentum driven by high oil services demand at elevated Brent.

Score 79 — Subsea 7 is at 99% of its 20-day range with an +8.9% monthly return and +5.3% above its MA — exceptionally strong momentum driven by high oil services demand at elevated Brent.

Score 76 — Subsea 7 is at 100% of its 20-day range with +8.0% monthly return and the strongest vsMA reading in industrials (+5.9%), reflecting robust offshore energy capex demand tied to elevated oil prices.

Score 74 — reducing weight (rebalance)

Score 74 — reducing weight (rebalance)

Score 82 — Strong momentum (+8.2% in 20d, +5.2% last week, at 20d high) supported by elevated Brent crude and robust offshore energy-services capex cycle.

Score 82 — Strong momentum (+8.2% in 20d, +5.2% last week, at 20d high) supported by elevated Brent crude and robust offshore energy-services capex cycle.

Score 60 — reducing weight (rebalance)

Score 63 — exited; fell below selection threshold

Score 63 — reducing weight (rebalance)

Score 72 — Subsea 7 is at its 20-day high (98% range) with +2.5% weekly momentum and +3.3% above its MA, supported by healthy offshore capex at current oil prices.

Score 72 — Subsea 7 is at its 20-day high (98% range) with +2.5% weekly momentum and +3.3% above its MA, supported by healthy offshore capex at current oil prices.

Score 62 — Subsea 7 bounced strongly this week (+3.1%) and sits comfortably above its 20-day MA, but the flat 20-day return and moderate volatility keep conviction at a moderate level.

Score 60 — reducing weight (rebalance)

Score 60 — exited; fell below selection threshold

Score 74 — Exceptional 5-day surge (+8.1%) on continued offshore energy services demand, with price breaking above its 20d MA; short-term pullback risk after a big week limits a full strong-buy rating.

Score 74 — Exceptional 5-day surge (+8.1%) on continued offshore energy services demand, with price breaking above its 20d MA; short-term pullback risk after a big week limits a full strong-buy rating.

Score 67 — Subsea 7 posts the best 5d return in the universe (+7.6%), signalling a sharp reversal from its negative 20d trend, likely driven by contract momentum in the offshore energy services sector.

Score 67 — Subsea 7 posts the best 5d return in the universe (+7.6%), signalling a sharp reversal from its negative 20d trend, likely driven by contract momentum in the offshore energy services sector.

Score 46 — Subsea 7 is mid-range with slightly negative 20-day momentum (-2.6%) and only marginally above its moving average — no clear catalyst in an otherwise range-bound technical picture.

Score 30 — reducing weight (rebalance)

Score 32 — Weak across all momentum metrics (-3.4% 5d, -5.3% 20d, -2.6% vs MA, 31st pct range) with elevated volatility (13.6%), suggesting continued near-term underperformance without a clear catalyst.

Score 22 — reducing weight (rebalance)

Score 40 — reducing weight (rebalance)

Score 50 — reducing weight (rebalance)

Score 52 — reducing weight (rebalance)

Score 58 — Mildly positive momentum (+1.8% 5d, +0.1% 20d) with moderate volatility; benefits indirectly from high oil prices via offshore capex but lacks a breakout catalyst.

Score 32 — Subsea 7 sits at just 18% of its 20-day range with -5.4% 20d return and -2.4% below its MA — downtrend intact with no visible catalyst.

Score 28 — Subsea 7 is at just 10% of its 20-day range with a negative 5d (-3.8%) and 20d (-4.2%) return, deep below its MA — a clear downtrend with no visible positive catalyst.

Score 28 — Subsea 7 sits exactly at its 20-day low (0% range) with a sharp 5d (-4.1%) and 20d (-6.6%) decline and negative vsMA, indicating a clear downtrend with no visible near-term catalyst.

Score 25 — reducing weight (rebalance)

Score 28 — reducing weight (rebalance)

Score 36 — reducing weight (rebalance)

Score 44 — reducing weight (rebalance)

Score 42 — Subsea 7 sits below its 20-day MA, in the lower third of its range, with modest negative momentum — no catalyst to drive a near-term reversal.

Score 40 — reducing weight (rebalance)

Score 40 — exited; fell below selection threshold

Score 75 — Near 20-day high (93% of range), +5.8% over 20 days, +3.0% above MA, and low volatility (7.8%) reflect a strong and stable uptrend in offshore services demand — a clear positive setup.

Score 75 — Near 20-day high (93% of range), +5.8% over 20 days, +3.0% above MA, and low volatility (7.8%) reflect a strong and stable uptrend in offshore services demand — a clear positive setup.

Score 60 — Subsea 7 shows steady, low-volatility momentum — modestly above its 20-day MA, mid-range positioning, and one of the lowest Vol readings among industrials at 7.8%.

Score 60 — Subsea 7 shows steady, low-volatility momentum — modestly above its 20-day MA, mid-range positioning, and one of the lowest Vol readings among industrials at 7.8%.

Score 55 — Subsea 7 shows steady positive 5-day momentum (+2.6%) but the 20-day gain is minimal (+0.9%) and it sits in the middle of its range (42%), making it a neutral-to-modestly-positive setup in a supportive offshore EPCI backlog environment.

Score 55 — Subsea 7 shows steady positive 5-day momentum (+2.6%) but the 20-day gain is minimal (+0.9%) and it sits in the middle of its range (42%), making it a neutral-to-modestly-positive setup in a supportive offshore EPCI backlog environment.

Score 57 — exited; fell below selection threshold

Score 57 — reducing weight (rebalance)

Score 55 — reducing weight (rebalance)

Score 55 — reducing weight (rebalance)

Score 55 — reducing weight (rebalance)

Score 55 — reducing weight (rebalance)

Score 65 — Subsea 7 shows constructive momentum (+5.8% over 20 days, above 20d MA) supported by a healthy offshore services order pipeline, though moderately elevated vol and broader energy sector headwinds limit conviction.

Score 65 — Subsea 7 shows constructive momentum (+5.8% over 20 days, above 20d MA) supported by a healthy offshore services order pipeline, though moderately elevated vol and broader energy sector headwinds limit conviction.

Score 58 — Subsea 7 holds moderate positive momentum (+5.8% 20d) with 61% range positioning, benefiting from a healthy offshore services order book even as energy prices soften.

Score 58 — Subsea 7 holds moderate positive momentum (+5.8% 20d) with 61% range positioning, benefiting from a healthy offshore services order book even as energy prices soften.

Score 47 — reducing weight (rebalance)

Score 47 — Subsea 7 has positive 20-day returns (+4.9%) but has given back momentum in the past week (-2.7%) and sits in the lower part of its range (27%), creating a mixed near-term signal despite solid sector order backlogs.

Score 47 — reducing weight (rebalance)

Score 47 — reducing weight (rebalance)

Score 62 — Subsea 7 has the strongest 20-day return in the universe (+8.5%), underpinned by robust offshore services order activity, though it sits slightly below its 20-day MA and carries moderate volatility.

Score 62 — Subsea 7 has the strongest 20-day return in the universe (+8.5%), underpinned by robust offshore services order activity, though it sits slightly below its 20-day MA and carries moderate volatility.

Score 55 — reducing weight (rebalance)

Score 55 — reducing weight (rebalance)

Score 70 — Subsea 7 is the top momentum performer over 20 days (+9.1%), sitting at 85% of its range and well above its 20-day MA (+4.1%), driven by strong offshore services backlog demand despite soft crude.

Score 70 — Subsea 7 is the top momentum performer over 20 days (+9.1%), sitting at 85% of its range and well above its 20-day MA (+4.1%), driven by strong offshore services backlog demand despite soft crude.

Score 55 — reducing weight (rebalance)

Score 55 — reducing weight (rebalance)

Score 65 — Subsea 7 posts the best 20-day return in the universe (+7.3%) and sits at 82% of range with a positive vsMA, driven by sustained offshore capex — elevated volatility is the main caveat.

Score 65 — Subsea 7 posts the best 20-day return in the universe (+7.3%) and sits at 82% of range with a positive vsMA, driven by sustained offshore capex — elevated volatility is the main caveat.

Score 45 — reducing weight (rebalance)

Score 45 — reducing weight (rebalance)

Score 78 — Subsea 7 is at 100% of its 20-day high after gaining 6.2% in 5 days and 2.6% over the month — the strongest momentum setup in the universe, benefiting from offshore capex demand.

Score 62 — reducing weight (rebalance)

Score 74 — At the top of its 20-day range (100th percentile) with +8.0% above 20-day MA and +5.5% weekly gain — the strongest momentum in the universe, driven by robust offshore services demand.

Score 82 — Strongest momentum in the universe — +5.1% last week, +4.0% over 20 days, trading at 98% of its 20-day range and +6.3% above the 20-day MA, signalling a clear uptrend in offshore subsea services.

Score 80 — Subsea 7 is the momentum standout of the portfolio with +8.1% weekly and +6.9% monthly returns, trading at 95% of its 20-day range — a clear positive trend in the offshore services sector.

Score 72 — reducing weight (rebalance)

Score 78 — reducing weight (rebalance)

Score 74 — reducing weight (rebalance)

Score 78 — Subsea 7 is the strongest momentum name in the portfolio with +7.7% weekly gain, strong range positioning at 64%, and energy-services tailwind from elevated oil prices.

Score 78 — Subsea 7 is the strongest momentum name in the portfolio with +7.7% weekly gain, strong range positioning at 64%, and energy-services tailwind from elevated oil prices.

Score 56 — reducing weight (rebalance)

Score 56 — reducing weight (rebalance)

Score 68 — SUBC surged +8.4% this week, likely driven by offshore energy capex optimism tied to $97 Brent, sitting at the 51% range with elevated but manageable volatility.

Score 68 — SUBC surged +8.4% this week, likely driven by offshore energy capex optimism tied to $97 Brent, sitting at the 51% range with elevated but manageable volatility.

Score 52 — Positive 5-day return (+1.7%) and near mid-range positioning (Rng=46%) suggest a potential base-building after the 20d drawdown; offshore services demand remains supported by high oil prices.

Score 40 — Subsea 7 has minimal 5d momentum (+0.3%) but remains below its 20-day MA (-3.1%) with elevated sector volatility (15.4%) and a low range position (30%), reflecting continued uncertainty in the offshore services cycle.

Score 30 — Subsea 7 is down -7.3% over 20 days, near the bottom of its range, with high realised volatility — energy services headwinds and weak momentum combine for a cautious outlook.

Score 30 — Subsea 7 is under significant technical pressure (-5.9% 5d, -5.3% 20d, at 17% of range) with oilfield services sentiment dragged by energy price uncertainty.

Score 15 — reducing weight (rebalance)

Score 30 — Subsea 7 has been hit hard (-9.3% 5d) and sits near the bottom of its 20d range (Rng=22%), well below the MA — a clear short-term downtrend with high volatility.

Score 28 — reducing weight (rebalance)

Score 67 — reducing weight (rebalance)

Score 67 — exited; fell below selection threshold

Score 70 — Subsea 7 is well-positioned in a multi-year offshore capex upcycle with a healthy backlog and improving EBITDA margins supporting near-term price appreciation.

Score 70 — reducing weight (rebalance)

Score 68 — Subsea 7 rides a multi-year offshore energy services upcycle with a strong order backlog and improving EBITDA margins, though energy price softness adds some project sanctioning risk.

Score 68 — Subsea 7 rides a multi-year offshore energy services upcycle with a strong order backlog and improving EBITDA margins, though energy price softness adds some project sanctioning risk.

Score 63 — reducing weight (rebalance)

Score 63 — exited; fell below selection threshold

Score 72 — Subsea 7's record backlog and strong offshore installation demand underpin earnings visibility over the next 1–4 weeks as the energy-services cycle remains robust.

Score 72 — Subsea 7's record backlog and strong offshore installation demand underpin earnings visibility over the next 1–4 weeks as the energy-services cycle remains robust.

Score 66 — reducing weight (rebalance)

Score 60 — exited; fell below selection threshold

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.

Score 67 — Subsea 7 carries a strong order backlog and robust offshore project activity in the North Sea and internationally, though softer oil prices could slow future award decisions.