Decline depth
—
Not currently in the rolling-252-day ≥20% decline universe.
Red List
CNMDCONMED Corporation
7.0σ
decline sigma — volatility-normalized move (typical daily 1.8%)
Current
$46.22
Decline depth
—
Decline σ
7.0σ
TFC
5/5 bearish
Rolling 252-day high
Up day
Down day
Last 90 trading days · data from Alpaca
Since tracking began
$CNMD has been tracked since 2026-03-01. It was down 29.4% from its 52-week high then — now $46.22.
It has clawed back 0.7 percentage points off that level. It bottomed 50.5% below that high along the way.
From the 52-week high as of 2026-03-02 to today. Split-adjusted. Observed, not a forecast.
Structural break signals
CNMD qualifies for the Red List on decline sigma.
Time-frame continuity
5/5 bearish
Latest bar on five time frames, daily to yearly. Bearish = 2-Down or red 3.
Full bearish continuity — every time frame is broken.
Decline sigma
7.0σ
Drop over the last 20 bars in units of daily volatility (1.8%/day).
Past the ≥6σ Amber threshold.
The structural read
What price action says about CNMD.
CNMD qualifies for the Red List on decline sigma — the recent drop measures 7.0σ over a 20-bar window. Sigma scales the move by the stock's own typical daily volatility, so a small percentage drop in a normally-quiet name can land here when the bigger players miss it on a pure-percent threshold.
Cross-confirmation: also showing 5/5 bearish time frames.
Upstream TFC read: bearish alignment, current phase daily. Last bar types — daily 2D (red), weekly 2D (red), monthly 2D (red).
Questions about CNMD
What people ask.
Why is CNMD on Broken Stocks?
CNMD qualifies for the Red List on decline sigma. The recent drop measures 7.0σ over a 20-bar window — large enough that even a small percentage drop is structurally significant given the stock's typical day-to-day volatility (1.8%).
Is CNMD a falling knife?
CNMD is on Broken Stocks for time-frame continuity or decline-sigma reasons rather than headline depth, so the falling-knife label doesn't cleanly apply. The phrase usually requires a meaningful percentage drop from a fresh high. See the structural break signals above for the axis that actually triggered the listing.
Is CNMD 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 CNMD trading inside its 52-week range?
At $46.22, CNMD sits 66.5% of the way from its 52-week low ($31.44) to its 52-week high ($53.66). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.