SALM

Score 47 — SalMar holds mid-range (60%) with the least negative 20d return in aquaculture (-2.9%), suggesting relative resilience, though sector sentiment remains subdued without a salmon spot price catalyst.

Score 38 — Flattish 20d return is the best of the aquaculture trio but 5d momentum is negative and price sits below the 20-day MA, limiting conviction.

Score 23 — reducing weight (rebalance)

Score 44 — reducing weight (rebalance)

Score 45 — reducing weight (rebalance)

Score 45 — exited; fell below selection threshold

Score 60 — reducing weight (rebalance)

Score 60 — reducing weight (rebalance)

Score 62 — reducing weight (rebalance)

Score 62 — reducing weight (rebalance)

Score 74 — reducing weight (rebalance)

Score 74 — reducing weight (rebalance)

Score 79 — reducing weight (rebalance)

Score 79 — SALM is the strongest momentum name in the universe — +5% 5d, +11.2% 20d, at 100% of its 20-day range and well above its MA — signalling clear sector leadership with likely positive aquaculture pricing driving the move.

Score 78 — Exceptional momentum at 20-day high with +11.2% monthly and +5.9% above MA signals strong trend continuation in the aquaculture sector.

Score 78 — Exceptional momentum at 20-day high with +11.2% monthly and +5.9% above MA signals strong trend continuation in the aquaculture sector.

Score 70 — SALM is at 93% of its 20-day range with an impressive +8.2% monthly return and +5.3% above its MA, making it the strongest momentum name in aquaculture despite higher realised volatility.

Score 70 — SALM is at 93% of its 20-day range with an impressive +8.2% monthly return and +5.3% above its MA, making it the strongest momentum name in aquaculture despite higher realised volatility.

Score 63 — SalMar sits near the upper quarter of its 20-day range with strong 20d momentum (+7.7%) and is positioned above its 20-day MA, reflecting resilient aquaculture demand.

Score 48 — reducing weight (rebalance)

Score 52 — reducing weight (rebalance)

Score 55 — exited; fell below selection threshold

Score 55 — reducing weight (rebalance)

Score 65 — reducing weight (rebalance)

Score 65 — reducing weight (rebalance)

Score 82 — Exceptional price momentum (+5.4% weekly, +12.1% monthly) with the stock at 94% of its 20-day range suggests strong near-term buying interest in the aquaculture sector.

Score 82 — Exceptional price momentum (+5.4% weekly, +12.1% monthly) with the stock at 94% of its 20-day range suggests strong near-term buying interest in the aquaculture sector.

Score 74 — reducing weight (rebalance)

Score 74 — Strongest momentum in the universe (+7.4% 5d, +9.3% 20d, +7.2% vs MA, 88% range) signals clear trend strength, though elevated realised volatility (14.6%) warrants some caution.

Score 74 — reducing weight (rebalance)

Score 82 — Exceptional momentum with +9.9% over 5 days, +12.2% over 20 days, sitting at the 20-day high and +9.5% above the 20-day MA — the strongest setup in the universe.

Score 82 — SalMar is the standout momentum leader with +12.2% in 5 days and +9.3% over 20 days, sitting at 92% of its 20-day range — the strongest setup in the universe.

Score 82 — SalMar is the standout momentum leader with +12.2% in 5 days and +9.3% over 20 days, sitting at 92% of its 20-day range — the strongest setup in the universe.

Score 82 — Explosive 13.3% 5-day and 11.3% 20-day surge with vsMA +10.5% and price at 20-day high signals very strong aquaculture buying momentum, likely driven by rising salmon spot prices.

Score 82 — Explosive 13.3% 5-day and 11.3% 20-day surge with vsMA +10.5% and price at 20-day high signals very strong aquaculture buying momentum, likely driven by rising salmon spot prices.

Score 76 — SalMar leads the aquaculture trio with the strongest 5d (+6.6%) and 20d (+4.4%) returns, sitting at its 20-day high, signalling clear near-term momentum despite higher volatility.

Score 76 — SalMar leads the aquaculture trio with the strongest 5d (+6.6%) and 20d (+4.4%) returns, sitting at its 20-day high, signalling clear near-term momentum despite higher volatility.

Score 62 — SALM leads aquaculture peers on 5d momentum (+3%) and sits well above its 20-day MA, pointing to continued near-term strength.

Score 60 — SalMar leads aquaculture peers on 20d returns (+3.5%) and 5d (+1.7%) with a solid range position, though higher realised volatility tempers the setup.

Score 60 — SalMar leads aquaculture peers on 20d returns (+3.5%) and 5d (+1.7%) with a solid range position, though higher realised volatility tempers the setup.

Score 42 — SalMar shows the best 20-day return among aquaculture names (+3.5%) and holds above its 20-day MA, partially offsetting the -5.3% weekly pullback which may be a short-term retracement within an uptrend.

Score 42 — SalMar shows the best 20-day return among aquaculture names (+3.5%) and holds above its 20-day MA, partially offsetting the -5.3% weekly pullback which may be a short-term retracement within an uptrend.

Score 41 — exited; fell below selection threshold

Score 41 — exited; fell below selection threshold

Score 55 — SalMar's solid 20-day return of +4.8% is offset by a negative 5-day return and mid-range positioning, while elevated volatility (9.3%) tempers conviction despite a constructive salmon sector backdrop.

Score 55 — SalMar's solid 20-day return of +4.8% is offset by a negative 5-day return and mid-range positioning, while elevated volatility (9.3%) tempers conviction despite a constructive salmon sector backdrop.

Score 56 — exited; fell below selection threshold

Score 56 — exited; fell below selection threshold

Score 56 — exited; fell below selection threshold

Score 82 — SalMar leads the universe with +15.5% 20-day return and +7.5% last week, sitting at the top of its 20-day range with the strongest momentum across all aquaculture peers.

Score 82 — SalMar leads the universe with +15.5% 20-day return and +7.5% last week, sitting at the top of its 20-day range with the strongest momentum across all aquaculture peers.

Score 75 — SalMar leads the aquaculture pack with the strongest 20d return (+11.4%), at its 20-day high, though higher realised vol (8.3%) tempers the risk-adjusted view slightly.

Score 75 — SalMar leads the aquaculture pack with the strongest 20d return (+11.4%), at its 20-day high, though higher realised vol (8.3%) tempers the risk-adjusted view slightly.

Score 74 — reducing weight (rebalance)

Score 74 — reducing weight (rebalance)

Score 76 — SalMar is the momentum leader in aquaculture — up +13.2% over 20 days, at its 20-day high, and well above its moving average — making it the standout buy in the sector.

Score 76 — SalMar is the momentum leader in aquaculture — up +13.2% over 20 days, at its 20-day high, and well above its moving average — making it the standout buy in the sector.

Score 76 — Best aquaculture momentum with +13.2% over 20 days, at 20-day high, and strongest vsMA (+4.0%), pointing to continued near-term outperformance.

Score 76 — Best aquaculture momentum with +13.2% over 20 days, at 20-day high, and strongest vsMA (+4.0%), pointing to continued near-term outperformance.

Score 61 — reducing weight (rebalance)

Score 66 — exited; fell below selection threshold

Score 66 — reducing weight (rebalance)

Score 75 — reducing weight (rebalance)

Score 75 — Strongest aquaculture momentum at +10.3% 20d and 89% range positioning with the highest sector 20d gain, though elevated volatility warrants monitoring.

Score 75 — Strongest aquaculture momentum at +10.3% 20d and 89% range positioning with the highest sector 20d gain, though elevated volatility warrants monitoring.

Score 71 — reducing weight (rebalance)

Score 71 — reducing weight (rebalance)

Score 71 — Strongest 20d return in the aquaculture group (+10.3%) and sitting at 89th percentile of its 20d range with +5.1% vs MA, suggesting a healthy uptrend, though elevated volatility (13.6%) is a mild concern.

Score 82 — SalMar leads the aquaculture complex with the strongest momentum (+14.8% 20d, +7.1% vsMA, 98% range), backed by structurally supportive salmon supply/demand dynamics.

Score 80 — SalMar is the strongest momentum name in the universe, posting +12.5% over 20 days and +8.2% above its MA, sitting at the 20-day high with the salmon sector clearly in favour.

Score 80 — SalMar is the strongest momentum name in the universe, posting +12.5% over 20 days and +8.2% above its MA, sitting at the 20-day high with the salmon sector clearly in favour.

Score 74 — SalMar leads aquaculture momentum with the strongest 5d return (+4.7%) and is at its 20-day high with a +7.8% vsMA, signalling robust short-term buying pressure.

Score 74 — SalMar leads aquaculture momentum with the strongest 5d return (+4.7%) and is at its 20-day high with a +7.8% vsMA, signalling robust short-term buying pressure.

Score 65 — Strong 5-day surge (+3.6%) lifting price to the 20-day high and well above the MA; the best near-term momentum setup in aquaculture.

Score 65 — Strong 5-day surge (+3.6%) lifting price to the 20-day high and well above the MA; the best near-term momentum setup in aquaculture.

Score 62 — Strong 5-day surge (+3.6%) pushing SALM to its 20-day high with price significantly above its MA, giving the best short-term momentum in the aquaculture sector.

Score 62 — Strong 5-day surge (+3.6%) pushing SALM to its 20-day high with price significantly above its MA, giving the best short-term momentum in the aquaculture sector.

Score 34 — exited; fell below selection threshold

Score 34 — exited; fell below selection threshold

Score 43 — SalMar is down 7% over 20 days, sitting at mid-range with slightly negative vsMA, suggesting consolidation without a clear catalyst to reverse near-term weakness.

Score 35 — reducing weight (rebalance)

Score 33 — reducing weight (rebalance)

Score 37 — reducing weight (rebalance)

Score 38 — A +3.0% 5-day bounce is encouraging but SalMar remains -6.0% over 20 days, below its 20-day MA, and at only 31% of its range, with high realised volatility (14.2%) and no visible near-term catalyst.

Score 38 — reducing weight (rebalance)

Score 38 — exited; fell below selection threshold

Score 44 — reducing weight (rebalance)

Score 44 — reducing weight (rebalance)

Score 55 — Strong +6.4% 5-day surge shows near-term buying interest but the stock remains below its 20-day MA and in the lower half of its range, limiting near-term upside conviction.

Score 55 — Strong +6.4% 5-day surge shows near-term buying interest but the stock remains below its 20-day MA and in the lower half of its range, limiting near-term upside conviction.

Score 46 — SalMar is marginally negative over 20 days (-1.5%), below its 20-day MA (-3.9%), and at only 29% of its range; higher volatility (14%) and missing salmon spot data add uncertainty.

Score 30 — SalMar is under the most selling pressure in aquaculture (-5.3% 5d, -3.8% 20d, -6.4% vsMA) with elevated volatility and a Rng of only 11%, signalling persistent downtrend.

Score 30 — SalMar is under the most selling pressure in aquaculture (-5.3% 5d, -3.8% 20d, -6.4% vsMA) with elevated volatility and a Rng of only 11%, signalling persistent downtrend.

Score 27 — exited; fell below selection threshold

Score 27 — exited; fell below selection threshold

Score 18 — reducing weight (rebalance)

Score 20 — reducing weight (rebalance)

Score 46 — Positive 20d return (+1.8%) offers modest support despite weak 5d and slightly below MA, keeping SALM in mild-positive territory among aquaculture peers.

Score 45 — SALM is essentially flat on a 20-day basis with neutral vsMA and sits at the 52% range position, showing the most stable momentum among aquaculture peers.

Score 36 — exited; fell below selection threshold

Score 36 — reducing weight (rebalance)

Score 52 — reducing weight (rebalance)

Score 52 — reducing weight (rebalance)

Score 57 — reducing weight (rebalance)

Score 57 — reducing weight (rebalance)

Score 67 — reducing weight (rebalance)

Score 67 — SalMar is the momentum leader in aquaculture with a strong 20d return (+7.1%) and positive vsMA, supported by expected firm harvest volumes and spot prices.

Score 65 — reducing weight (rebalance)

Score 65 — Robust 20-day return of +8.9% and near-top range positioning signal strong underlying demand, though elevated volatility (11.2%) and slightly negative 5d return temper enthusiasm.

Score 72 — SalMar is at its 20-day high with a strong +9.6% 20d return and +6.6% above the MA — the strongest momentum in the aquaculture space, signalling clear near-term buying interest.

Score 72 — reducing weight (rebalance)

Score 74 — reducing weight (rebalance)

Score 74 — Strong +8.3% 20d momentum, +5.2% above 20d MA, and positioned at 96% of its 20d range — the clearest uptrend in the aquaculture sector.

Score 74 — Strong +8.3% 20d momentum, +5.2% above 20d MA, and positioned at 96% of its 20d range — the clearest uptrend in the aquaculture sector.

Score 75 — reducing weight (rebalance)

Score 78 — reducing weight (rebalance)

Score 78 — SalMar's superior cost structure and strong Norwegian volume growth make it the highest-conviction aquaculture pick as spot prices hold firm above NOK 80/kg.

Score 78 — SalMar's superior cost structure and strong Norwegian harvest volumes make it the highest-quality play on firm salmon prices heading into the seasonally strong Q2 period.

Score 76 — SalMar is the highest-quality Norwegian salmon farmer with superior biology, strong cash generation, and improving spot prices pointing to a robust Q2 earnings beat.

Score 76 — reducing weight (rebalance)

Score 76 — SalMar's industry-leading biology performance and strong Norwegian harvest volumes position it as the highest-quality play on rebounding salmon prices.

Score 75 — SalMar offers the most attractive blend of Norwegian production growth and improving spot price momentum, with strong operational leverage to a recovering price cycle.

Score 75 — SalMar offers the most attractive blend of Norwegian production growth and improving spot price momentum, with strong operational leverage to a recovering price cycle.

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.

Score 70 — reducing weight (rebalance)

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.