Decline depth
-20.5%
From rolling 252-day high of 650.72 GBP, 31d ago.
Past the 20% Watch threshold.
Red List
CHG.LChemring Group PLC
-20.5%
from rolling 252-day high of 650.72 GBP set 2026-08-10 · 31d ago
Current
525.00 GBP
Decline depth
-20.5%
Decline σ
13.8σ
TFC
0/5 bearish
Since it joined the list
CHG.L has been on the Red List since 2026-09-10 — now down -20.5% from its 52-week high.
Structural break signals
CHG.L qualifies for the Red List on decline depth.
Time-frame continuity
0/5 bearish
Latest bar on five time frames, daily to yearly. Bearish = 2-Down or red 3.
Decline sigma
13.8σ
Drop over the last 20 bars in units of daily volatility (1.46%/day).
Past the ≥8σ Red List threshold — an extreme move.
The structural read
What price action says about CHG.L.
CHG.L qualifies for the Red List on decline depth — down -20.5% from its rolling 252-day high. Past 30% with the high set inside the last four months — the recency clause that often precedes further breakdown.
Cross-confirmation: decline sigma also reads 13.8σ over 20 bars.
Questions about CHG.L
What people ask.
Why is CHG.L on Broken Stocks?
CHG.L qualifies for the Red List on decline depth. It is down -20.5% from its rolling 252-day high of 650.72 GBP, set on 2026-08-10 — 31d ago.
Is CHG.L a falling knife?
No. The falling-knife label usually implies a steep, severe drop — typically 30% or more from a fresh high. CHG.L is down -20.5% from its 52-week high, which qualifies for the Watch tier but is shallower than the falling-knife pattern. It's an early-stage decline rather than a sharp breakdown.
Is CHG.L 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 CHG.L trading inside its 52-week range?
At 525.00 GBP, CHG.L sits 38.4% of the way from its 52-week low (446.50 GBP) to its 52-week high (650.72 GBP). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.
How fast has CHG.L been declining?
The current 20.5% decline accrued over 31d, which annualizes to roughly -241.4% 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.