Trades

Score 36 — Weak momentum (-2.0% 5d, -6.4% 20d) with range position at 40% and mild negative vs MA; aluminium demand softness and elevated energy costs weigh on the setup.

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.

Score 44 — Modest 20-day gain (+1%) overwhelmed by a sharp -3.0% weekly drop; fertilizer margins remain under pressure with natural gas costs elevated near $100 Brent, and range position is neutral.

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 62 — Steady financials name with very low realized volatility and modest positive momentum; no major catalyst but low risk and defensive quality support a moderate hold.

Score 65 — At 20-day high with stable, low-volatility price action and positive recent performance; aquaculture tailwind supportive but no specific catalyst to drive outsized gains.

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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 46 — Flat 5d and 20d returns with near-zero vsMA place DNB in neutral territory — stable but lacking any near-term catalyst.

Score 53 — Scatec shows flat but stable momentum at 62% of range and near-zero vsMA — no strong catalyst but renewables policy tailwind provides mild support.

Score 74 — Storebrand's +10.1% 20d return and position at 92% of range reflect strong financial-sector momentum, likely driven by Nordic rate optimism.

Score 80 — At 100% of its 20-day range with +6.2% vsMA and +4.9% monthly return, Aker BP is a clear momentum leader directly leveraged to Brent at $96.

Score 85 — Exceptional momentum with +14.3% 20d return, +10.3% above MA, and at 100% of range — Brent at $96 is a powerful macro tailwind for Equinor.

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Score 78 — BW LPG is at 98% of its 20-day range with outstanding 20-day momentum (+12.6%) and strong MA outperformance (+8.4%), reflecting robust LPG shipping rates and a clear bullish trend.

Score 50 — Scatec is near its 20-day MA with muted momentum and sits mid-range, offering a neutral setup with low realised volatility but lacking a near-term catalyst.

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.

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.

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Score 80 — Aker BP sits exactly at its 20-day high with strong 5d and 20d returns, directly leveraged to the supportive $88 Brent environment and solid operational momentum.

Score 72 — Mowi's strong 5-day rally (+6.0%) and near 20-day high position (94% range) reflect improving salmon market sentiment, though absent spot price data limits conviction.

Score 70 — Storebrand shows healthy 20d momentum (+9.8%) and sits near its 20-day high, benefiting from a rising rate environment and solid Nordic financials backdrop.

Score 65 — Austevoll bounced +3.8% this week and sits near its 20-day high (91% range), benefiting from aquaculture sector momentum, though the underlying salmon spot price is unavailable.

Score 62 — BW LPG shows solid 20d gains (+9.5%) and decent 5d momentum, with LPG shipping rates supported by elevated energy commodity demand, though high realised volatility tempers the score.

Score 55 — Yara shows modest positive momentum on both timeframes and sits mid-range, with fertiliser demand providing a neutral-to-positive fundamental backdrop but no clear near-term catalyst.

Score 50 — Scatec is near neutral on momentum (slightly negative 20d, flat vsMA) and sits mid-range; renewables sector headwinds and higher rates keep conviction limited near-term.

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.

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Score 85 — Brent at $90.56/bbl and a massive +8.7%/+13.2% 5d/20d surge with price at 20-day highs makes Equinor the strongest setup in the universe today.

Score 80 — At its 20-day high with +6.3% weekly gain and strong energy tailwind from elevated Brent crude, AKRBP offers a compelling near-term long setup.

Score 68 — Strong +6.0% weekly bounce and 94% range position signal short-term aquaculture sector recovery, though flat 20d return and absent salmon spot data limit conviction.

Score 65 — Orkla's +7.6% 20-day return and defensive consumer staples profile offer resilience, with low volatility and an 81% range position supporting a moderate bullish stance.

Score 62 — Positive 5d momentum (+3.8%) and 91% range position support a near-term bullish bias for Austevoll, though no fundamentals data and absent salmon spot prices keep conviction moderate.

Score 54 — DNB's ultra-low 2.4% volatility and flat-to-positive momentum make it the most stable stock in the universe, though near-zero 20d MA deviation and 49% range position signal sideways consolidation.

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Score 78 — Storebrand sits at its 20-day high (100% range) with outstanding multi-week momentum (+11.8% 20d, +7.6% vsMA) and a strong 5-day gain (+6.9%), making it the top momentum name in financials.

Score 65 — Best weekly momentum among aquaculture peers (+5.3%) with a constructive vsMA (+2.4%) and solid range position (81%) points to continued near-term strength.

Score 62 — Strong 5-day rebound (+4.6%) and near 20-day high (87% range) suggest positive short-term momentum in aquaculture, though flat 20-day return and missing fundamentals cap conviction.

Score 62 — Constructive momentum across all timeframes (+2.7% 5d, +1.7% 20d, +1.4% vsMA, 76% range) with notably low volatility (6.1%) makes Scatec a stable moderate-conviction pick in renewables.

Score 60 — Steady 20-day uptrend (+5.6%) and price above MA (+1.0%) reflect defensive resilience in consumer staples; very low weekly volatility (8.7%) supports stability.

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Score 85 — Equinor leads the entire universe with +7.5% 5d and +8.3% 20d momentum, +9.2% above its 20-day MA, at the 20-day high — ideal setup with Brent support.

Score 82 — Brent at $84.57 and exceptional momentum — +6.6% 5d, +2.0% 20d, sitting at 20-day high — make Aker BP the standout energy buy.

Score 78 — BW LPG's explosive +10.3% 5d and +10.8% 20d surge with price at the 20-day high signals strong near-term shipping momentum, though elevated volatility tempers conviction.

Score 77 — Yara's +8.4% 5d breakout to the 20-day high with a strong vsMA of +6.5% suggests a positive re-rating catalyst or commodity tailwind driving near-term upside.

Score 63 — Telenor is at its 20-day high with a +2.2% vsMA, offering defensive stability and low volatility, though the mild negative 20d return limits near-term upside conviction.

Score 55 — Austevoll bounced +3.3% last week and holds above its 20-day MA, but the negative 20d trend and absent salmon spot price data keep the setup only moderately constructive.

Score 50 — Scatec is essentially flat over all timeframes with low volatility and near-MA pricing — a neutral setup with no near-term catalyst visible.

Score 33 — Norsk Hydro's -13.6% 20d slide and near-low range positioning (25%) with elevated volatility (20.1%) indicate a stock under sustained distribution pressure.

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Score 82 — Exceptional +9.2% weekly surge to 20-day high driven by Brent at $85.47/bbl and strong directional momentum, making it the standout buy in the portfolio.

Score 78 — Near 20-day high with +5.7% 5-day gain and +3.3% above MA, benefiting directly from elevated Brent crude at $85.47/bbl with lower volatility than EQNR.

Score 71 — Yara hits its 20-day high with a strong +6.0% weekly bounce and +3.9% above MA, though the 20-day return remains slightly negative, signalling a potential reversal watch.

Score 68 — BW LPG is at its 20-day high with solid +4.7% weekly and +7.3% above MA, but elevated shipping sector volatility and Hormuz geopolitical risk add uncertainty.

Score 50 — Austevoll's +3.7% 5-day bounce is encouraging but sits in the middle of its range with a -4.0% 20-day return and no salmon spot price confirmation to anchor a bull case.

Score 46 — Mowi's modest +0.8% 5-day return and -4.9% 20-day decline with the stock in the lower half of its range reflect ongoing salmon price uncertainty and weak near-term momentum.

Score 28 — Norsk Hydro faces severe technical damage with a -16.1% 20-day decline, the stock near 20-day lows, and the highest realised volatility (20.4%) in the portfolio indicating a deteriorating setup.

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Score 63 — Equinor is recovering well with +3.6% last week, trading 3.4% above its 20-day MA and in the 75th percentile of range, supported by Brent at $84.

Score 57 — BW LPG has recovered to the 78th percentile of its range with a positive 5d return and vsMA of +3.9%, though elevated volatility and a negative 20d trend temper conviction.

Score 52 — Yara shows a mild recovery (+2.4% 5d) and sits at the midpoint of its range and just above MA, offering a balanced but uninspiring setup in materials.

Score 46 — Brent at $84 provides a floor for Aker BP but the -10.2% 20d return and near-median range position reflect persistent energy sector selling pressure.

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.

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Score 78 — At its 20-day high (Rng 100%), strong 20-day momentum (+8.5%), above MA (+3.0%), with moderate volatility — the clearest bullish technical setup in the portfolio today.

Score 74 — Strongest technical setup in the universe — near 20-day highs (Rng 90%), above MA (+1.3%), positive 20-day trend (+2.7%), and the lowest realised volatility of all 15 stocks (3.9%), reflecting high stability.

Score 62 — Strong 20-day outperformance (+6.0%), above 20-day MA (+1.5%), and mid-upper range (66%) reflect defensive consumer staples demand — recent 5-day weakness (-2.1%) is a minor pullback in an uptrend.

Score 55 — Positive 5-day return (+1.8%), near-neutral vsMA (+0.3%), and mid-range positioning (51%) offer a stable defensive setup; Telenor's defensive telecom cash flows are appealing but 20-day trend (-4.5%) limits upside conviction.

Score 38 — Minor 5-day recovery (+1.8%) but still down 4.5% over 20 days with negative vsMA and mid-low range positioning; no salmon spot price data adds uncertainty to aquaculture outlook.

Score 35 — Negative momentum on both 5-day (-4.2%) and 20-day (-3.9%) timeframes, below MA, in the lower quartile of range, and the lowest volatility score in the set (Vol 6.1%) provides little cushion against weak trend.

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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 72 — Exceptional 5-day momentum (+8.3%) with price now 4.7% above its 20-day MA and sitting in the middle of its 20-day range, signalling a meaningful trend reversal backed by a state-integrated balance sheet.

Score 70 — BW LPG surged +11.5% over the past 5 days and is now 5.7% above its 20-day MA at 73% of its range, signalling a powerful short-term catalyst even as 20-day trend remains slightly negative; elevated volatility warrants caution.

Score 62 — Strong 5-day bounce (+6.9%) has pushed Yara back above its 20-day MA (+2.0%) despite a still-negative 20-day return, suggesting a potential short-term mean-reversion opportunity at moderate risk.

Score 57 — Telenor shows a solid 5-day gain (+4.0%) and trades near its 20-day MA (-0.2%), offering defensive telecom stability at mid-range positioning with low volatility (8.6%) despite mild negative 20-day drift.

Score 55 — Strong 5-day surge (+5.3%) and near-MA positioning offset by a still-negative 20-day return (-9.7%) and elevated volatility; Brent at $76.49 is supportive but not a strong tailwind.

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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 50 — Equinor shows a recovery signal — +4.1% this week and back above its 20-day MA (+1.3%), though the 20-day return is still negative and Brent at $78 is only modestly supportive.

Score 48 — Small positive 5-day return and near mid-range, but negative 20-day trend and missing salmon spot data limit near-term conviction for the world's largest salmon farmer.

Score 46 — Telenor shows modest weekly recovery (+1.8%) but remains below its 20-day MA and in the lower half of its range, with a mild negative 20-day trend and no specific catalyst.

Score 42 — Modest 5-day bounce (+2.7%) but still below 20-day MA and near the lower end of its range, with salmon spot data unavailable and no company-specific catalysts.

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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.

Score 74 — DNB exhibits textbook constructive momentum — +5% over 20 days, sitting at 91% of its 20-day range with the lowest realised volatility (5.7%) in the universe, underpinned by a healthy Nordic banking environment.

Score 72 — Orkla is one of the strongest setups in the universe with a +9.3% 20-day gain, sitting at 90% of its 20-day range, supported by defensive consumer staples characteristics and low volatility.

Score 70 — Storebrand mirrors DNB's strong setup (+5.9% over 20d, Rng 86%) with solid insurance/savings sector tailwinds and low vol, though slightly more sensitivity to equity markets warrants a modest discount.

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 52 — BW LPG's strong +6.3% 5-day return and return to positive vsMA territory are encouraging, but the -4.7% 20-day decline and high realised volatility (18.8%) in LPG shipping signal an early and uncertain recovery.

Score 32 — Yara faces a -7.2% 20-day decline and sits near 20-day lows (Rng 14%) with fertiliser market headwinds and no near-term catalyst to reverse the downtrend.

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Score 58 — Scatec's +6.3% weekly bounce and return above its 20-day MA suggests a short-term recovery, though the -4.3% monthly return and renewables sector uncertainty cap upside conviction.

Score 46 — Mowi shows mildly negative momentum across all timeframes with salmon spot data unavailable, and at the 42nd percentile of its range offers no clear near-term catalyst.

Score 40 — Equinor faces a double headwind of subdued Brent crude at $72.76 and a sharp -10.1% 20-day decline, with price deeply below its 20-day MA and in the 17th percentile of its range.

Score 38 — Austevoll is down across all timeframes at the 22nd percentile of its range with no available fundamentals data and no company-specific catalysts visible this week.

Score 35 — Aker BP's -12.6% monthly drawdown at only the 11th percentile of its range reflects significant selling pressure amplified by Brent crude trading at a challenging $72.76/bbl.

Score 33 — Yara is down -12.1% over 20 days at the 20th percentile of its range, with materials/fertiliser sector sentiment weak and no visible positive catalyst to arrest the decline.

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Score 67 — Solid momentum (+4.6% monthly, Rng=86%) with low realised volatility (5.7%) makes DNB one of the more attractive setups in the current environment.

Score 52 — A +6.3% weekly bounce lifts SCATC back to mid-range, but the -4.3% monthly return and renewables sector uncertainty limit conviction.

Score 50 — A strong +6.5% weekly rebound is encouraging but sits against a -3.9% monthly trend and elevated shipping sector volatility, balancing the near-term signal.

Score 35 — Mild negative momentum but relatively contained losses; aquaculture sector headwinds persist with no salmon spot price catalyst visible.

Score 33 — Brent at $72/bbl suppresses energy sector sentiment and EQNR's -10.1% monthly return with a low Rng of 17% signals continued near-term pressure.

Score 30 — Soft Brent crude at $72/bbl and -12.6% monthly decline with price near 20-day lows create a weak near-term outlook for this pure-play E&P.

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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.

Score 48 — Scatec has recovered modestly this week (+2.2%) and is near its 20-day MA, but the 20-day trend remains slightly negative and renewables sentiment is mixed in the current macro environment.

Score 35 — BW LPG shows slight near-term stabilisation but remains in a negative 20-day trend (-4.6%) with elevated shipping sector volatility and no visible positive catalyst.

Score 32 — Mowi continues to trend lower (-5% over both 5d and 20d), trading well below its 20-day MA with no visible catalyst to reverse the salmon sector sell-off.

Score 30 — Yara is under pressure from a weak 20-day trend (-13.6%) sitting near 20-day lows; fertiliser margins remain challenged by high energy input costs relative to crop prices.

Score 30 — Austevoll is in a clear short-term downtrend (-5.4% / -5.1%) sitting near 20-day lows with no positive catalysts and absent salmon spot price data to support a reversal.

Score 28 — Aker BP has only marginally stabilised this week (+0.1%) after a -12.5% 20-day selloff driven by Brent crude near $72, sitting near 20-day lows with no near-term catalyst.

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