Decline depth
-22.6%
From rolling 252-day high of $84.32, 190d ago.
Past the 20% Watch threshold.
-22.6%
from rolling 252-day high of $84.32 set 2026-02-11 · 190d ago
Current
$65.28
Decline depth
-22.6%
Decline σ
6.0σ
TFC
2/5 bearish
Rolling 252-day high
Up day
Down day
Last 90 trading days · data from Alpaca
Since it joined the list
$CMC landed on the list 2026-03-14, down 27.4% from its 52-week high that day — now down -22.6%.
It has clawed back 5.5 percentage points off that level. It bottomed 31.3% below that high along the way.
Decline from the 52-week high as it stood on 2026-03-16 (fixed anchor) → today. Split-adjusted, Alpaca. Observed history, not a forecast.
Structural break signals
CMC qualifies for the Watch on decline depth.
Time-frame continuity
2/5 bearish
Latest bar across daily/weekly/monthly/quarterly/yearly time frames. A bar counts as bearish when it's a 2-Down or a red 3.
Decline sigma
6.0σ
Drop from local high over the last 20 bars, expressed in units of the stock's typical daily volatility (2.55% per day).
Past the ≥6σ Amber threshold.
The structural read
What price action says about CMC.
CMC qualifies for the Watch on decline depth — down -22.6% from its rolling 252-day high.
Cross-confirmation: decline sigma also reads 6.0σ over 20 bars.
Upstream TFC read: bearish alignment, current phase daily. Last bar types — daily 2D (red), weekly 2D (red), monthly 2U (red).
Earnings on file: 2026-06-25. Tiering is unaffected by earnings dates — listings reflect price structure only.
Questions about CMC
What people ask.
Why is CMC on Broken Stocks?
CMC qualifies for the Watch on decline depth. It is down -22.6% from its rolling 252-day high of $84.32, set on 2026-02-11 — 190d ago.
Is CMC a falling knife?
No. The falling-knife label usually implies a steep, severe drop — typically 30% or more from a fresh high. CMC is down -22.6% 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 CMC 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 CMC trading inside its 52-week range?
At $65.28, CMC sits 46.7% of the way from its 52-week low ($48.14) to its 52-week high ($84.87). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.
How fast has CMC been declining?
The current 22.6% decline accrued over 190d, which annualizes to roughly -43.4% 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.
How does CMC compare to its sector?
There are 151 other Industrials tickers on Broken Stocks: 67 Red, 42 Amber, 42 Watch, with 29 showing recovering structural signals. Median sector decline is -30.9% — CMC's decline is shallower than the sector median.
Does CMC's earnings date affect its tier?
No. Tiering is decided purely by decline depth and recency of the rolling-high date. The earnings date on file (2026-06-25) is shown for reference only — listings can move tier between scans based on closing prices, regardless of fundamentals or news events.