Decline depth
-39.3%
From rolling 252-day high of $97.70, 75d ago.
Past the 30% Amber threshold.
Red List
DFEN
Direxion Daily Aerospace & Defe
-39.3%
from rolling 252-day high of $97.70 set 2026-03-02 · 75d ago
Current
$59.30
Decline depth
-39.3%
Decline σ
4.0σ
TFC
0/5 bearish
Rolling 252-day high
Up day
Down day
Last 90 trading days · data from Alpaca
Structural break signals
DFEN qualifies for the Red List on decline depth.
Time-frame continuity
0/5 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
4.0σ
Drop from local high over the last 20 bars, expressed in units of the stock's typical daily volatility (5.21% per day).
Past the ≥4σ Watch threshold.
The structural read
What price action says about DFEN.
DFEN qualifies for the Red List on decline depth — down -39.3% 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. Depth plus recency: this is the pattern many investors call a falling knife.
Cross-confirmation: decline sigma also reads 4.0σ over 20 bars.
52-week range
52W low $37.23
36.5% of range
52W high $97.75
Related — same sector
Closest decliners to DFEN
Questions about DFEN
What people ask.
Why is DFEN on Broken Stocks?
DFEN qualifies for the Red List on decline depth. It is down -39.3% from its rolling 252-day high of $97.70, set on 2026-03-02 — 75d ago.
Is DFEN a falling knife?
By the most common technical definition — a steep, recent breakdown from a fresh high — yes. DFEN is down -39.3% from its 52-week high of $97.70, set 75d 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 — historically most attempts to bottom-pick continue lower before reversing. Broken Stocks flags the pattern; it does not recommend buying or selling.
Is DFEN 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 DFEN trading inside its 52-week range?
At $59.30, DFEN sits 36.5% of the way from its 52-week low ($37.23) to its 52-week high ($97.75). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.
How fast has DFEN been declining?
The current 39.3% decline accrued over 75d, which annualizes to roughly -191.3% 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.