SALM

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 — 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 67 — 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 65 — reducing weight (rebalance)

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.