- Price is above Fair Value, showing premium demand versus the model.
NAS
OSL
Week ended 07 Aug 2026
Weekly Investor Report
Norwegian Air Shuttle ASA · Industrials · Airlines
Latest close
13.43 NOK
3.1%
latest week
Weekly setup
Weak trend
The weekly trend is not active. Price is -7.6% below the Trend Line and sits at 21.5% of its 52-week range. The latest completed week returned 3.1%, after a -2.1% four-week move. The latest news-sentiment score is 49/100.
Setup score
32
out of 100
Latest Close
13.43 NOK
7 Aug 2026
1W Return
3.1%
latest completed week
4W Return
-2.1%
short-term follow-through
12W Return
-6.2%
quarterly tape
Trend Breadth
53.8%
28 of 52 weeks active
Volume Ratio
1.3x
vs 13-week average
- The trend backdrop is inactive, so price action has not confirmed a constructive regime.
- Price is below the Trend Line, which keeps downside pressure in focus.
- Activity pressure is negative, which weakens the current setup.
- Activity pressure is weak, so confirmation is not yet broad enough.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
3.1%
Latest completed week; four-week move -2.1%.
Indicator stack
30/19
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
News sentiment
49/100
19 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is not active. Price is -7.6% below the Trend Line and sits at 21.5% of its 52-week range. The latest completed week returned 3.1%, after a -2.1% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 1.3x the 13-week average. Participation is around or above normal and provides reasonable confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
13 Feb
20 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
7 Aug
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.4412-week average 0.40
12-week confirmation
Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure8/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.44Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers22 reversal markers
No recent accumulation markers. 2 reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is -2.1% over four weeks, -6.2% over 12 weeks, and -9.0% over one year. The current trend has remained active for 0 consecutive weeks.
Performance by holding period
Active trend streak0 weeks
Active weeks in one year28
Trend breadth53.8%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure-0.52Latest activity-pressure read.
Pressure change-269.6%Four-week change in activity pressure.
Leadership-20.35Latest relative-leadership reading.
RS change-19.9%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
A published fundamentals and factor snapshot is not available for this company.
No published fundamental snapshot is available for this company.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment49/100
Weighted news tone is neutral across 19 relevant articles.
3 positive · 12 neutral · 4 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-21.6%Distance below the 52-week high.
13-week volatility5.7%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
13 Feb
13 Mar
10 Apr
8 May
5 Jun
3 Jul
7 Aug
Weeks higher12 of 2614 weeks finished lower.
Best week+8.0%Week of 29 May.
Worst week-11.2%Week of 5 Jun.
Latest week+3.1%Week of 7 Aug.
Shape of recent returns
Strong gains7
Modest gains5
Flat weeks0
Modest losses7
Sharp losses7
Recent vol5.7%13-week weekly-return volatility.
Base vol4.9%52-week weekly-return volatility.
Up/down split26/26Count of positive and negative weeks in the 52-week window.
Average skew3.9% / -4.0%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorNO Industrials
4-week rank56 / 66
Group average2.8%
Trend breadth50.0%
Trend50.0%active weekly trend signals
MD33.3%positive activity pressure
RS40.9%positive relative leadership
Four-week leaders
IndustryNO Airlines
4-week rank1 / 2
Group average-8.0%
Trend breadth0.0%
Trend0.0%active weekly trend signals
MD0.0%positive activity pressure
RS0.0%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape30/100
Trend, activity pressure, participation, and risk combine to a 30/100 tape read.
Indicator analysis26/100Latest 12-week confirmation: trend 0/12, activity pressure 8/12, relative leadership 0/12.
Activity pressure 0.44; 2 reversal markers Factors50/100No published factor snapshot is available yet.
Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment49/100Weighted news tone is neutral across 19 relevant articles.
Norwegian Air Shuttle (OB:NAS) Swung To A Loss, Is It Still A Bargain? Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 7 Aug 2026 | 13.43 NOK | 3.1% | 14.53 NOK | 12.33 NOK | -0.52 | -20.35 | 39.6M | Off |
| 31 Jul 2026 | 13.02 NOK | 3.2% | 14.59 NOK | 12.31 NOK | -0.40 | -22.89 | 25.7M | Off |
| 24 Jul 2026 | 12.62 NOK | -2.1% | 14.71 NOK | 12.28 NOK | -0.22 | -25.40 | 29.8M | Off |
| 17 Jul 2026 | 12.88 NOK | -6.0% | 14.84 NOK | 12.26 NOK | 0.07 | -22.40 | 44.7M | Off |
| 10 Jul 2026 | 13.71 NOK | -6.3% | 14.96 NOK | 12.23 NOK | 0.30 | -16.97 | 46.4M | Off |
| 3 Jul 2026 | 14.63 NOK | -6.6% | 15.06 NOK | 12.21 NOK | 0.40 | -12.41 | 5.5M | Off |
| 26 Jun 2026 | 15.66 NOK | -1.2% | 15.11 NOK | 12.17 NOK | 0.39 | -4.21 | 7.4M | Off |
| 19 Jun 2026 | 15.85 NOK | 4.7% | 15.13 NOK | 12.13 NOK | 0.49 | -5.48 | 9.4M | Off |
| 12 Jun 2026 | 15.13 NOK | 2.7% | 15.10 NOK | 12.09 NOK | 0.43 | -11.55 | 19.5M | Off |
| 5 Jun 2026 | 14.74 NOK | -11.2% | 15.08 NOK | 12.07 NOK | 0.18 | -14.13 | 7.9M | Off |
| 29 May 2026 | 16.61 NOK | 8.0% | 15.07 NOK | 12.04 NOK | 0.10 | -3.16 | 54.8M | Off |
| 22 May 2026 | 15.38 NOK | 7.5% | 15.01 NOK | 12.01 NOK | -0.29 | -12.21 | 56.9M | Off |
| 15 May 2026 | 14.30 NOK | -1.6% | 14.98 NOK | 11.99 NOK | -0.65 | -17.29 | 34.6M | Off |
| 8 May 2026 | 14.54 NOK | 5.8% | 15.03 NOK | 11.96 NOK | -0.61 | -14.07 | 62.8M | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.