OSL Equity Snapshot

NORAM Weekly Equity Report

NorAm Drilling AS

Interactive chart JSON snapshot
Latest Close 44.10 NOK 12 Jun 2026
1W Return 0.2% latest completed week
4W Return -16.0% short-term follow-through
12W Return 0.7% quarterly tape
Trend Breadth 71.2% 37 of 52 weeks active
Volume Ratio 1.0x vs 13-week average
Company Brief

What the company does

NorAm Drilling AS, together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States. The company owns and operates a fleet of rigs located in the Permian Basin. NorAm Drilling AS was incorporated in 2007 and is headquartered in Oslo, Norway.

Snapshot

What the weekly tape is saying

NORAM closed the latest completed week at 44.10 NOK. The 4-week return is -16.0% and the 12-week return is 0.7%. Trend Signal is active, Market Dynamics is -0.03. Setup signature: Balanced read with a 54/100 composite read.

Trend Signal Active
Market Dynamics No fresh buy
Price vs Trend 12.9%
Volume 1.0x
Setup Cockpit

A compressed read of the whole setup

The radar blends trend persistence, momentum, Market Dynamics, Relative Strength, volume confirmation, and risk control into one weekly cockpit.

Composite setup radar

Scoreboard

Trend 84 Persistence of active Trend Signal over the last year and current streak.
Momentum 14 Blend of 4-week and 12-week follow-through.
Dynamics 41 Latest Market Dynamics and whether pressure has improved over four weeks.
Relative Strength 100 Relative leadership and short-term RS change.
Volume 44 Participation compared with the 13-week volume baseline.
Risk Control 41 Drawdown and recent weekly volatility pressure.

16-week signal tape

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
Weekly return bar Trend Signal dot Positive Market Dynamics dot
Price Action

Price, Trend Line, and Fair Value

Weekly price context with the latest close, trend position, Fair Value gap, drawdown, and 52-week range location.

52-week price path

Price Trend Line Fair Value

Price map

Trend Line
39.07 NOK
Vs Trend Line
12.9%
Fair Value
30.54 NOK
Vs Fair Value
44.4%
52W High
53.30 NOK
52W Low
19.94 NOK
Drawdown
-17.3%
Range Position
72.4%
Momentum

Returns and trend persistence

Return windows separate the latest week from short-term and medium-term follow-through.

Return windows

1W 0.2%
4W -16.0%
12W 0.7%
26W 42.2%
52W 109.3%

Trend read

Active Streak
37 weeks
52W Active Weeks
37
52W Active Breadth
71.2%
Sector Scope
NO Energy
Sector Rank
14 of 45
Sector Percentile
70.5%
Peer Context

Sector and industry pulse

Peer breadth helps separate a stock-specific move from a broader group rotation.

Market Dynamics

Pressure, Relative Strength, and expectation

Market Dynamics and Relative Strength show whether buying pressure and relative leadership are confirming the price move.

Dynamics path

Market Dynamics Relative Strength

Signal state

Market Dynamics
-0.03
4W MD Change
-102.2%
Relative Strength
20.48
4W RS Change
-57.3%
Expectation
Undecided
Probability
54.77%
Volume

Participation and confirmation

Volume tells us whether the latest weekly move is being confirmed by unusual participation.

52-week volume profile

Volume map

Latest Volume
577.4K
13W Average
551.3K
52W Average
414.0K
Vs 13W
1.0x
Vs 52W
1.4x
Risk Anatomy

Volatility, downside weeks, and return shape

A compact risk profile shows whether the move is steady, volatile, or being driven by sharp one-week jumps.

26-week return distribution

Risk map

13W Volatility
5.2%
52W Volatility
4.6%
Upside Weeks
35
Downside Weeks
16
Downside Breadth
30.8%
Avg Gain / Loss
3.7% / -3.0%
Context

Classification, opportunities, risks, and watch points

Top-level read across company classification, constructive evidence, caution points, and the next things that matter.

Classification

Exchange
OSL
Country
NO
Sector
Energy
Industry
Oil & Gas Equipment & Services
Currency
NOK
Market Cap
2.0B

Opportunity signals

  • Trend Signal is active with a 37-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.

Risk signals

  • Market Dynamics is negative, which weakens the current setup.

Watch next

  • Trend Line remains the key weekly regime level.
  • Market Dynamics is the pressure gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Weekly Tape

Recent completed weeks

The latest weekly rows behind the report snapshot.

Week Close Return Trend Fair Value MD RS Volume Signal
12 Jun 2026 44.10 NOK 0.2% 39.07 NOK 30.54 NOK -0.03 20.48 577.4K On
5 Jun 2026 44.00 NOK -3.1% 38.55 NOK 30.48 NOK 0.53 20.84 897.6K On
29 May 2026 45.40 NOK -10.6% 37.96 NOK 30.42 NOK 0.96 26.21 620.7K On
22 May 2026 50.80 NOK -3.2% 37.31 NOK 30.35 NOK 1.27 39.69 393.4K On
15 May 2026 52.50 NOK 10.0% 36.48 NOK 30.24 NOK 1.29 47.93 672.0K On
8 May 2026 47.71 NOK -2.2% 35.57 NOK 30.13 NOK 1.16 39.50 1.0M On
1 May 2026 48.81 NOK 4.2% 34.84 NOK 30.05 NOK 1.28 40.80 212.2K On
24 Apr 2026 46.82 NOK 5.7% 34.06 NOK 29.97 NOK 1.35 38.12 297.9K On
17 Apr 2026 44.29 NOK -4.9% 33.34 NOK 29.90 NOK 1.56 33.35 507.5K On
10 Apr 2026 46.55 NOK 1.5% 32.70 NOK 29.85 NOK 1.74 36.00 705.3K On
3 Apr 2026 45.86 NOK -1.1% 32.00 NOK 29.79 NOK 1.74 34.39 270.0K On
27 Mar 2026 46.36 NOK 5.9% 31.31 NOK 29.74 NOK 1.73 41.57 573.0K On
20 Mar 2026 43.79 NOK -1.1% 30.60 NOK 29.68 NOK 1.66 35.68 419.9K On
13 Mar 2026 44.29 NOK 14.6% 29.97 NOK 29.62 NOK 1.63 39.42 652.8K On