Sylvamo Corp

SLVM remains entrenched in a Stage 4 decline with dominant lower highs and lower lows under declining EMAs. The medium-term tradable side is bearish, but short-term price action shows no clear timing edge, oscillating around the 9/20/50 EMA cluster. We defer execution and will look to trim into supply at the EMA zone or prior pivot highs. Overall, we maintain a bearish bias with medium confidence.

• ↑Expect >$300M free cash flow as operations improve in H2 2026
• ↑Dividend yield ~0.86% with ongoing share buybacks supporting returns
• ↓Q1 EBITDA fell to $29M vs. $125M prior quarter, highlighting disruptions