Decline depth
-39.7%
From rolling 252-day high of 220.00 CNY, 88d ago.
Past the 30% Amber threshold.
Red ListRecovering
603124.SSJIANGXI JIANGNAN NEW MATERIAL T
Basic Materials · Copper · large-cap ($19.2B)
-39.7%
from rolling 252-day high of 220.00 CNY set 2026-06-22 · 88d ago
Current
132.58 CNY
Decline depth
-39.7%
Decline σ
1.7σ
TFC
0/5 bearish
Where it stands
On the Red List.
Down 39.7% from its rolling 252-day high, 88 days after the high.
Snapshot . Price structure, not a judgment about the business.
A bullish structural signal is also active. The Recovering badge coexists with the decline tier; it does not establish a completed recovery.
What changed
Since the previous observation.
Unmatched; coverage or recovery unconfirmed → Red List; recovery signal active.
Comparing with . This compares classification, not price returns.
See the recorded timeline →Why it is flagged
603124.SS qualifies for the Red List on decline depth.
Down 39.7% from its rolling 252-day high, 88 days after the high. The most severe triggered rule determines the tier.
Inspect the three classification measures
Time-frame continuity
0/5 bearish
Latest bar on five time frames, daily to yearly. Bearish = 2-Down or red 3.
Decline sigma
1.7σ
Drop over the last 5 bars in units of daily volatility (3.75%/day).
Price history
The price path behind the snapshot.
Daily prices with the rolling-high reference. When a recorded classification event falls on a displayed trading date, it is marked on the chart.
Price chart unavailable for this symbol. The snapshot and recorded classification history remain available below.
The recorded history
A timeline of observations.
First observed 2026-09-09. These are scan observations, not exact transition times or the start of a decline. Missing scan dates are not filled in.
- Unmatched; coverage or recovery unconfirmed → Red List; recovery signal active
- Red List → Unmatched; coverage or recovery unconfirmed
- First observed: Red List
Absence from a captured list does not establish recovery. Historical tiers reflect the rules and data recorded at that time.
Technical interpretation and signal details
The structural read
What price action says about 603124.SS.
603124.SS qualifies for the Red List on decline depth — down -39.7% from its rolling 252-day high. Past 30% with the high set inside the last four months — the recency clause in the classification rules. Depth plus recency: this is the pattern many investors call a falling knife.
A confirmed bullish signal on one or more time frames earned the Recovering badge. The tier reflects the most severe price-structure rule; Recovering identifies a separate bullish signal. Not a buy signal.
Whether 603124.SS's turn is investable is ConvictionEdge's question, not ours.
Upstream TFC read: moderate alignment, current phase weekly. Last bar types — daily 3 (red), weekly 2U (green), monthly 1 (green).
Questions about 603124.SS
What people ask.
Why is 603124.SS on Broken Stocks?
603124.SS qualifies for the Red List on decline depth. It is down -39.7% from its rolling 252-day high of 220.00 CNY, set on 2026-06-22 — 88d ago. It additionally carries a Recovering badge — see below.
What does the Recovering badge mean for 603124.SS?
Recovering means our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames (moderate or strong time-frame continuity). It coexists with the decline tier — 603124.SS is still Red List because a price-structure rule still triggers, but a bullish setup has formed inside that decline. The two readings answer different questions: the tier reflects the most severe triggered rule; the Recovering badge tells you whether momentum may be turning. It's not a buy recommendation.
Is 603124.SS a falling knife?
By the most common technical definition — a steep, recent breakdown from a fresh high — yes. 603124.SS is down -39.7% from its 52-week high of 220.00 CNY, set 88d ago. That combination of depth (past the 30% Amber threshold) and recency (high set inside the last 120 days) is the textbook falling-knife pattern. Whether to try to catch it is a separate question — the classification does not predict subsequent returns. Broken Stocks flags the pattern; it does not recommend buying or selling.
Is 603124.SS a buy?
Broken Stocks does not issue buy or sell recommendations. The list is a rules-based technical warning system. It tracks structural decline depth and recency — not company quality, management, fundamentals, or news. Always do your own research and consult a licensed advisor.
Where is 603124.SS trading inside its 52-week range?
At 132.58 CNY, 603124.SS sits 42.6% of the way from its 52-week low (67.65 CNY) to its 52-week high (220.00 CNY). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.
How fast has 603124.SS been declining?
The current 39.7% decline accrued over 88d, which annualizes to roughly -164.7% per year. Annualized pace is a sanity check — a 30% decline in three months is a different signal than a 30% decline over two years.
How does 603124.SS compare to its sector?
There are 230 other Basic Materials tickers on Broken Stocks: 128 Red, 61 Amber, 41 Watch, with 100 showing recovering structural signals. Median sector decline is -36.2% — 603124.SS's decline is deeper than the sector median.