EQNR
Equinor ASA Energy - Oil & Gas Investor Relations →
Equinor ASA (EQNR) closed at $27.52 as of 2026-02-02, trading 13.5% above its 200-week moving average of $24.25. The stock moved further from the line this week, up from 10.7% last week. With a 14-week RSI of 72, EQNR is in overbought territory.
Over the past 1237 weeks of data, EQNR has crossed below its 200-week moving average 25 times. On average, these episodes lasted 14 weeks. Historically, investors who bought EQNR at the start of these episodes saw an average one-year return of +20.2%.
With a market cap of $68.7 billion, EQNR is a large-cap stock. The company generates a free cash flow yield of 29.4%, which is notably high. Return on equity stands at 12.2%. The stock trades at 1.7x book value.
The company has been aggressively buying back shares, reducing its share count by 15.6% over the past three years.
Over the past 23.8 years, a hypothetical investment of $100 in EQNR would have grown to $1071, compared to $996 for the S&P 500. That represents an annualized return of 10.5% vs 10.1% for the index — confirming EQNR as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -27.5% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: EQNR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After EQNR Crosses Below the Line?
Across 25 historical episodes, buying EQNR when it crossed below its 200-week moving average produced an average return of +20.2% after 12 months (median +19.0%), compared to +17.5% for the S&P 500 over the same periods. 81% of those episodes were profitable after one year. After 24 months, the average return was +28.5% vs +31.1% for the index.
Each line shows $100 invested at the moment EQNR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
EQNR has crossed below its 200-week MA 25 times with an average 1-year return of +20.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2002 | Oct 2002 | 1 | 1.9% | +40.0% | +1178.7% |
| Nov 2002 | Nov 2002 | 1 | 0.8% | +46.5% | +1164.5% |
| Sep 2008 | Oct 2009 | 54 | 43.4% | +7.7% | +226.2% |
| Oct 2009 | Nov 2009 | 1 | 1.0% | -2.8% | +178.0% |
| Jan 2010 | Apr 2010 | 11 | 10.0% | +10.8% | +183.9% |
| May 2010 | Dec 2010 | 32 | 17.3% | +28.0% | +207.5% |
| Aug 2011 | Aug 2011 | 1 | 0.4% | +21.4% | +174.8% |
| Sep 2011 | Oct 2011 | 2 | 3.9% | +34.6% | +186.7% |
| May 2013 | May 2013 | 1 | 0.8% | +41.6% | +155.1% |
| Jun 2013 | Jul 2013 | 4 | 5.3% | +57.4% | +158.9% |
| Jul 2013 | Aug 2013 | 1 | 0.9% | +38.6% | +153.1% |
| Aug 2013 | Aug 2013 | 1 | 0.4% | +37.1% | +151.6% |
| Oct 2014 | Jan 2017 | 114 | 43.6% | -26.9% | +125.6% |
| Feb 2017 | Jul 2017 | 24 | 10.5% | +24.5% | +163.2% |
| Jul 2019 | Sep 2019 | 7 | 10.6% | -8.9% | +134.2% |
| Oct 2019 | Oct 2019 | 1 | 2.1% | -17.2% | +133.6% |
| Jan 2020 | Jan 2021 | 49 | 48.7% | +2.2% | +129.1% |
| Jan 2021 | Feb 2021 | 4 | 2.1% | +59.0% | +124.1% |
| Oct 2024 | Nov 2024 | 3 | 6.1% | +11.0% | +29.4% |
| Dec 2024 | Dec 2024 | 4 | 6.5% | +5.2% | +26.0% |
| Jan 2025 | Mar 2025 | 7 | 4.7% | +14.3% | +22.8% |
| Mar 2025 | Jun 2025 | 9 | 6.6% | N/A | +23.1% |
| Aug 2025 | Aug 2025 | 2 | 0.3% | N/A | +15.8% |
| Sep 2025 | Sep 2025 | 3 | 2.0% | N/A | +17.4% |
| Oct 2025 | Jan 2026 | 14 | 5.9% | N/A | +20.4% |
| Average | 14 | — | +20.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02