What counts as a falling knife in Basic Materials?

On Broken Stocks, a classic falling knife is a stock down 30% or more from a 52-week high that was set inside the last 120 days — i.e. steep and recent. The 12 Basic Materials names on this page all clear that bar today. Slow-grinding declines from old peaks aren't included here.

How is this different from the full Basic Materials sector page?

The Basic Materials sector page lists every Basic Materials stock down 20%+ from a 52-week high regardless of when that high was set. This page narrows to the textbook falling-knife pattern: steeper depth (30%+) and a recent rolling 252-day high (within 120 days). The intent is different — broader decline screen vs. classic falling-knife screen.

Is being on this list a sell signal?

No. Broken Stocks is a structural-recognition system, not a trading signal service. Listings reflect price action only — not company quality, management, or fundamentals. Not financial advice.

Basic Materials · classic falling knives · updated 2026-05-20

12 Basic Materials falling knives.

Every Basic Materials stock on this page is down 30% or more from a 52-week high that was set inside the last 120 days — the textbook steep-and-recent pattern. Names are tiered by decline depth, decline sigma, and time-frame continuity. For the broader cut of Basic Materials stocks (anything 20%+ off any 52-week high, including slow grinders), see the full Basic Materials sector page.

Tier	Ticker	Company	Decline	Days since high	Sigma	Price
Red List	ORLA	Orla Mining Ltd.	-44.0%	79d	5.0σ	$12.31
Red List	SBSW	D/B/A Sibanye-Stillwater Limite	-42.8%	111d	4.2σ	$11.84
Red ListRecovering	EXK	Endeavour Silver Corporation	-38.2%	114d	4.2σ	$9.36
Red ListRecovering	EGO	Eldorado Gold Corporation	-37.5%	111d	3.8σ	$31.98
Red ListRecovering	CDE	Coeur Mining, Inc.	-36.1%	114d	4.0σ	$17.73
Red List	EQX	Equinox Gold Corp.	-34.4%	84d	6.4σ	$12.42
Red List	SLVM	Sylvamo Corporation	-33.5%	97d	7.2σ	$37.35
Red List	NGD	New Gold Inc.	-33.4%	114d	—	$9.08
Red List	IAG	Iamgold Corporation	-33.2%	79d	4.3σ	$16.62
Red ListRecovering	ERO	Ero Copper Corp.	-32.2%	111d	4.9σ	$26.97
Red List	UFPI	UFP Industries, Inc.	-32.0%	97d	8.3σ	$79.99
Red ListRecovering	HMY	Harmony Gold Mining Company Lim	-31.8%	112d	2.4σ	$17.43

Why "classic": steep depth (Amber threshold and above) + a fresh peak (within the 120-day window used in the Red List recency clause). Stocks that match only one of those — for example deep declines from a stale peak, or shallow declines from a recent peak — are excluded here. See the methodology for the full ruleset.

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