- The trend backdrop is active with a 7-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.
- Activity pressure is positive on the latest completed week.
SBNOR
OSL
Week ended 11 Sep 2026
Weekly Investor Report
Sparebanken Norge · Financial Services · Banks - Regional
Latest close
205.85 NOK
-0.0%
latest week
Weekly setup
Constructive, but selective
The weekly trend is active. Price is 5.9% above the Trend Line and sits at 88.5% of its 52-week range. The latest completed week returned -0.0%, after a 5.2% four-week move. The latest news-sentiment score is 56/100. Near-term considerations: volume confirmation is below normal.
Setup score
65
out of 100
Latest Close
205.85 NOK
11 Sep 2026
1W Return
-0.0%
latest completed week
4W Return
5.2%
short-term follow-through
12W Return
11.2%
quarterly tape
Trend Breadth
73.1%
38 of 52 weeks active
Volume Ratio
0.8x
vs 13-week average
- 2 reversal markers appear in the recent smart-money tape.
- Price is close to its 52-week high; watch for continuation or exhaustion.
- 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
-0.0%
Latest completed week; four-week move 5.2%.
Indicator stack
64/100
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.
Next-Week Expectancy
Positive 55.21%
Historical one-week expectancy contributes to the evidence score when direction is confirmed.
News sentiment
56/100
6 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 active. Price is 5.9% above the Trend Line and sits at 88.5% of its 52-week range. The latest completed week returned -0.0%, after a 5.2% 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 0.8x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
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
14 Aug
21 Aug
28 Aug
4 Sep
11 Sep
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 0.6212-week average 0.46
12-week confirmation
Trend active7/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure4/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership1/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.62Current 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 5.2% over four weeks, 11.2% over 12 weeks, and 28.7% over one year. The current trend has remained active for 7 consecutive weeks.
Performance by holding period
Active trend streak7 weeks
Active weeks in one year38
Trend breadth73.1%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure0.75Latest activity-pressure read.
Pressure change505.5%Four-week change in activity pressure.
Leadership-2.31Latest relative-leadership reading.
RS change61.7%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 sentiment56/100
Weighted news tone is neutral across 6 relevant articles.
1 positive · 5 neutral · 0 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-2.9%Distance below the 52-week high.
13-week volatility2.1%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.
20 Mar
17 Apr
15 May
12 Jun
10 Jul
7 Aug
11 Sep
Weeks higher12 of 2614 weeks finished lower.
Best week+6.8%Week of 28 Aug.
Worst week-4.6%Week of 8 May.
Latest week-0.0%Week of 11 Sep.
Shape of recent returns
Strong gains2
Modest gains10
Flat weeks0
Modest losses13
Sharp losses1
Recent vol2.1%13-week weekly-return volatility.
Base vol2.5%52-week weekly-return volatility.
Up/down split28/24Count of positive and negative weeks in the 52-week window.
Average skew2.3% / -1.6%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 Financial Services
4-week rank7 / 46
Group average-0.1%
Trend breadth30.4%
Trend30.4%active weekly trend signals
MD47.8%positive activity pressure
RS13.0%positive relative leadership
Four-week leaders
IndustryNO Banks - Regional
4-week rank5 / 32
Group average0.2%
Trend breadth31.3%
Trend31.2%active weekly trend signals
MD40.6%positive activity pressure
RS12.5%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 tape65/100
Trend, activity pressure, participation, and risk combine to a 65/100 tape read.
Indicator analysis39/100Latest 12-week confirmation: trend 7/12, activity pressure 4/12, relative leadership 1/12.
Activity pressure 0.62; 2 reversal markers Next-Week ExpectancyPositive 55.21%Next-week expectancy is positive with a 55.21% historical one-week setup read.
Adds short-term historical context without overriding trend, activity, or relative leadership. Factors50/100No published factor snapshot is available yet.
Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment56/100Weighted news tone is neutral across 6 relevant articles.
Sparebanken Norge posts strong Q2 earnings as national expansion advances 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 |
|---|---|---|---|---|---|---|---|---|
| 11 Sep 2026 | 205.85 NOK | -0.0% | 194.45 NOK | 174.55 NOK | 0.75 | -2.31 | 362.8K | On |
| 4 Sep 2026 | 205.90 NOK | -0.3% | 193.73 NOK | 174.11 NOK | 0.67 | -1.94 | 552.9K | On |
| 28 Aug 2026 | 206.50 NOK | 6.8% | 193.07 NOK | 173.67 NOK | 0.47 | -1.43 | 802.8K | On |
| 21 Aug 2026 | 193.32 NOK | -1.2% | 192.21 NOK | 173.20 NOK | 0.11 | -7.42 | 542.7K | On |
| 14 Aug 2026 | 195.64 NOK | -1.8% | 191.63 NOK | 172.91 NOK | -0.19 | -6.03 | 744.6K | On |
| 7 Aug 2026 | 199.14 NOK | 1.3% | 191.16 NOK | 172.57 NOK | -0.53 | -1.57 | 108.2K | On |
| 31 Jul 2026 | 196.58 NOK | 1.5% | 190.39 NOK | 172.18 NOK | -0.80 | -2.33 | 109.3K | On |
| 24 Jul 2026 | 193.58 NOK | -0.5% | 189.97 NOK | 171.81 NOK | -0.92 | -3.26 | 55.0K | Off |
| 17 Jul 2026 | 194.52 NOK | 0.7% | 189.60 NOK | 171.47 NOK | -0.94 | -0.26 | 139.8K | Off |
| 10 Jul 2026 | 193.22 NOK | 2.5% | 189.18 NOK | 171.11 NOK | -0.88 | 0.48 | 82.0K | Off |
| 3 Jul 2026 | 188.58 NOK | 2.4% | 188.50 NOK | 170.76 NOK | -0.89 | -2.38 | 60.5K | Off |
| 26 Jun 2026 | 184.20 NOK | -0.5% | 187.95 NOK | 170.47 NOK | -0.92 | -2.40 | 99.2K | Off |
| 19 Jun 2026 | 185.06 NOK | 1.0% | 187.43 NOK | 170.25 NOK | -0.95 | -4.38 | 2.2M | Off |
| 12 Jun 2026 | 183.14 NOK | -1.2% | 186.64 NOK | 170.00 NOK | -0.97 | -7.37 | 129.1K | On |
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.