- The trend backdrop is active with a 11-week active streak.
- Price is above the Trend Line, keeping the weekly tape constructive.
- Activity pressure is positive on the latest completed week.
- Activity pressure is constructive, supporting the smart-money activity read.
CODE
OSL
Week ended 07 Aug 2026
Weekly Investor Report
CodeLab Capital AS · Healthcare · Health Information Services
Latest close
3.39 NOK
-5.6%
latest week
Weekly setup
Mixed setup
The weekly trend is active. Price is 18.4% above the Trend Line and sits at 65.7% of its 52-week range. The latest completed week returned -5.6%, after a -0.3% four-week move. The latest news-sentiment score is 50/100. Near-term considerations: volume confirmation is below normal.
Setup score
43
out of 100
Latest Close
3.39 NOK
7 Aug 2026
1W Return
-5.6%
latest completed week
4W Return
-0.3%
short-term follow-through
12W Return
23.7%
quarterly tape
Trend Breadth
21.2%
11 of 52 weeks active
Volume Ratio
0.2x
vs 13-week average
- Price is below Fair Value, so the market is still discounting the latest tape.
- Next-week expectancy is negative at 36.69% based on similar historical setup states.
- The latest week was a sharp negative move.
- Latest weekly return ranks in the weaker part of its sector group.
- 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
-5.6%
Latest completed week; four-week move -0.3%.
Indicator stack
50/56
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
Negative 36.69%
Historical one-week expectancy contributes to the evidence score when direction is confirmed.
News sentiment
50/100
4 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 18.4% above the Trend Line and sits at 65.7% of its 52-week range. The latest completed week returned -5.6%, after a -0.3% 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 0.2x 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
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 0.7012-week average 0.38
12-week confirmation
Trend active11/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership8/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.70Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is -0.3% over four weeks, 23.7% over 12 weeks, and 27.9% over one year. The current trend has remained active for 11 consecutive weeks.
Performance by holding period
Active trend streak11 weeks
Active weeks in one year11
Trend breadth21.2%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure0.59Latest activity-pressure read.
Pressure change-59.4%Four-week change in activity pressure.
Leadership8.46Latest relative-leadership reading.
RS change-38.0%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 sentiment50/100
Weighted news tone is neutral across 4 relevant articles.
0 positive · 4 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-18.7%Distance below the 52-week high.
13-week volatility10.9%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 higher11 of 2615 weeks finished lower.
Best week+27.2%Week of 27 Feb.
Worst week-23.0%Week of 20 Feb.
Latest week-5.6%Week of 7 Aug.
Shape of recent returns
Strong gains10
Modest gains1
Flat weeks0
Modest losses4
Sharp losses11
Recent vol10.9%13-week weekly-return volatility.
Base vol10.6%52-week weekly-return volatility.
Up/down split23/29Count of positive and negative weeks in the 52-week window.
Average skew10.5% / -6.5%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 Healthcare
4-week rank17 / 24
Group average4.3%
Trend breadth33.3%
Trend33.3%active weekly trend signals
MD37.5%positive activity pressure
RS29.2%positive relative leadership
Four-week leaders
IndustryNO Health Information Services
4-week rank4 / 5
Group average0.3%
Trend breadth20.0%
Trend20.0%active weekly trend signals
MD60.0%positive activity pressure
RS20.0%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 tape42/100
Trend, activity pressure, participation, and risk combine to a 42/100 tape read.
Indicator analysis78/100Latest 12-week confirmation: trend 11/12, activity pressure 12/12, relative leadership 8/12.
Activity pressure 0.70; No reversal markers Next-Week ExpectancyNegative 36.69%Next-week expectancy is negative with a 36.69% 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 Sentiment50/100Weighted news tone is neutral across 4 relevant articles.
CodeLab Capital AS Revenue Breakdown – OSL:CODE 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 | 3.39 NOK | -5.6% | 2.86 NOK | 11.89 NOK | 0.59 | 8.46 | 13.1K | On |
| 31 Jul 2026 | 3.59 NOK | 17.3% | 2.84 NOK | 11.99 NOK | 0.87 | 15.37 | 65.0K | On |
| 24 Jul 2026 | 3.06 NOK | -7.3% | 2.80 NOK | 12.10 NOK | 0.99 | -1.14 | 37.5K | On |
| 17 Jul 2026 | 3.30 NOK | -2.9% | 2.78 NOK | 12.21 NOK | 1.30 | 9.11 | 87.1K | On |
| 10 Jul 2026 | 3.40 NOK | -9.6% | 2.75 NOK | 12.31 NOK | 1.44 | 13.66 | 209.5K | On |
| 3 Jul 2026 | 3.76 NOK | -9.8% | 2.72 NOK | 12.42 NOK | 1.37 | 24.88 | 5.3K | On |
| 26 Jun 2026 | 4.17 NOK | 24.5% | 2.68 NOK | 12.53 NOK | 1.37 | 41.82 | 72.6K | On |
| 19 Jun 2026 | 3.35 NOK | 13.2% | 2.62 NOK | 12.63 NOK | 1.37 | 11.69 | 13.0K | On |
| 12 Jun 2026 | 2.96 NOK | -6.3% | 2.61 NOK | 12.74 NOK | 1.23 | -3.57 | 12.9K | On |
| 5 Jun 2026 | 3.16 NOK | 12.9% | 2.60 NOK | 12.87 NOK | 1.20 | 1.96 | 16.3K | On |
| 29 May 2026 | 2.80 NOK | 5.7% | 2.59 NOK | 12.99 NOK | 1.06 | -9.75 | 137.7K | On |
| 22 May 2026 | 2.65 NOK | -3.3% | 2.59 NOK | 13.12 NOK | 1.07 | -16.86 | 104.7K | Off |
| 15 May 2026 | 2.74 NOK | 5.0% | 2.61 NOK | 13.27 NOK | 0.99 | -13.28 | 83.3K | Off |
| 8 May 2026 | 2.61 NOK | -10.0% | 2.63 NOK | 13.48 NOK | 0.92 | -15.79 | 133.5K | 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.