Will the record-high volumes lead to upward pressure on Mowi's share price?

Fundamental view – The headline “seasonally record‑high volumes” translates into a EUR 1.39 bn revenue run‑rate and an operating profit of EUR 189 m for Q2, well above the company’s historical seasonal baseline. In the salmon sector, volume growth is a direct proxy for market‑share gains and pricing power, especially when inventory levels remain tight and demand from Europe and Asia stays strong. The 80‑point sentiment score further underscores market optimism. Assuming the price‑to‑earnings multiple stays in line with peers, the earnings boost should lift the fair‑value estimate by roughly 5‑7 %, which creates an intrinsic upside bias for the stock.

Technical & market dynamics – On the chart MOWI has been trading in a rising‑channel pattern since the start of the year, with the recent quarterly release pushing the price to test the upper trend‑line around €30.5 (the previous high). Volume spikes accompanying the earnings beat suggest strong buying interest; if the price can close above the 20‑day EMA on this breakout, the next resistance lies near €32.5. Conversely, a failure to hold above the channel’s lower boundary (~€27.5) could trigger a short‑term correction, especially if broader risk sentiment sours.

Actionable insight – The record‑high volumes are likely to generate upward pressure, but entry timing matters. Consider a buy‑on‑dip around €27.8‑€28.5 (near the lower channel edge) with a stop‑loss just below €26.5. Target the first resistance at €30.5–€32.5, scaling out half the position at the midpoint. Stay alert to any forward‑looking guidance on feed costs, Norwegian krone moves, or disease outbreaks, which could offset the volume tailwinds.