EQNR
Equinor ASA Energy - Oil & Gas Investor Relations →
Equinor ASA (EQNR) closed at $39.71 as of 2026-05-01, trading 61.5% above its 200-week moving average of $24.59. The stock moved further from the line this week, up from 54.8% last week. With a 14-week RSI of 77, EQNR is in overbought territory.
Trading volume is running at 0.6x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.79 ratio) is neutral — neither side is clearly dominating.
Over the past 1249 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 +23.3%.
With a market cap of $99.0 billion, EQNR is a large-cap stock. The company generates a free cash flow yield of 22.8%, which is notably high. Return on equity stands at 12.2%. The stock trades at 4.9x book value.
The company has been aggressively buying back shares, reducing its share count by 19.9% over the past three years.
Over the past 24 years, a hypothetical investment of $100 in EQNR would have grown to $1566, compared to $1040 for the S&P 500. That represents an annualized return of 12.1% vs 10.2% for the index — confirming EQNR as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -39% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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 +23.3% after 12 months (median +25.0%), compared to +17.5% for the S&P 500 over the same periods. 82% 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 +23.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2002 | Oct 2002 | 1 | 1.9% | +40.0% | +1769.8% |
| Nov 2002 | Nov 2002 | 1 | 0.8% | +46.5% | +1748.9% |
| Sep 2008 | Oct 2009 | 54 | 43.4% | +7.7% | +376.9% |
| Oct 2009 | Nov 2009 | 1 | 1.0% | -2.8% | +306.5% |
| Jan 2010 | Apr 2010 | 11 | 10.0% | +10.8% | +315.1% |
| May 2010 | Dec 2010 | 32 | 17.3% | +28.0% | +349.7% |
| Aug 2011 | Aug 2011 | 1 | 0.4% | +21.4% | +301.8% |
| Sep 2011 | Oct 2011 | 2 | 3.9% | +34.6% | +319.3% |
| May 2013 | May 2013 | 1 | 0.8% | +41.6% | +272.9% |
| Jun 2013 | Jul 2013 | 4 | 5.3% | +57.4% | +278.6% |
| Jul 2013 | Aug 2013 | 1 | 0.9% | +38.6% | +270.1% |
| Aug 2013 | Aug 2013 | 1 | 0.4% | +37.1% | +267.9% |
| Oct 2014 | Jan 2017 | 114 | 43.6% | -26.9% | +229.9% |
| Feb 2017 | Jul 2017 | 24 | 10.5% | +24.5% | +284.8% |
| Jul 2019 | Sep 2019 | 7 | 10.6% | -8.9% | +242.4% |
| Oct 2019 | Oct 2019 | 1 | 2.1% | -17.2% | +241.5% |
| Jan 2020 | Jan 2021 | 49 | 48.7% | +2.2% | +234.9% |
| Jan 2021 | Feb 2021 | 4 | 2.1% | +59.0% | +227.7% |
| Oct 2024 | Nov 2024 | 3 | 6.1% | +11.0% | +89.3% |
| Dec 2024 | Dec 2024 | 4 | 6.5% | +5.2% | +84.2% |
| Jan 2025 | Mar 2025 | 7 | 4.7% | +14.3% | +79.6% |
| Mar 2025 | Jun 2025 | 9 | 6.6% | +89.3% | +80.1% |
| Aug 2025 | Aug 2025 | 2 | 0.3% | N/A | +69.3% |
| Sep 2025 | Sep 2025 | 3 | 2.0% | N/A | +71.6% |
| Oct 2025 | Jan 2026 | 14 | 5.9% | N/A | +76.0% |
| Average | 14 | — | +23.3% | — |
Frequently Asked Questions
Is EQNR below its 200-week moving average?
No. Equinor ASA (EQNR) is currently 61.5% above its 200-week moving average of $24.59. It would need to fall to $24.59 to cross below the line.
What is EQNR's 200-week moving average price?
Equinor ASA's 200-week moving average is $24.59 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when EQNR drops below its 200-week moving average?
EQNR has crossed below its 200-week moving average 25 times in our data. On average, buying at that moment produced a one-year return of +23.3%. These dips have historically been decent entry points. These episodes lasted 14 weeks on average.
Is EQNR a good value right now?
Here's what our data says about EQNR as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 77 (overbought). Free cash flow yield is 22.8%. Return on equity is 12.2%. Price-to-book is 4.9x. This is not a buy or sell recommendation — always do your own research.
How does EQNR compare to the S&P 500?
Over the past 24 years, $100 invested in EQNR would have grown to $1566, compared to $1040 for the S&P 500. That's 12.1% annualized vs 10.2% for the index. EQNR has outperformed the broader market over this period.
Does EQNR pay a dividend?
Yes. Equinor ASA currently pays a dividend yield of 393.00%.
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 week of 2026-05-01