Red List

FWRGFirst Watch Restaurant Group, I

Consumer Cyclical · Restaurants · small-cap ($801M)
-39.7%
from rolling 252-day high of $18.82 set 2025-10-22 · 326d ago
Current
$11.35
Decline depth
-39.7%
Decline σ
5.6σ
TFC
5/5 bearish
Rolling 252-day high Up day Down day Last 90 trading days · data from Alpaca

Since tracking began

$FWRG has been tracked since 2026-03-01. It was down 43.3% from its 52-week high then — now down -39.7%.

That's 5.1 percentage points deeper than the day it joined. It bottomed 54.0% 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

FWRG qualifies for the Red List on decline depth.

Decline depth
-39.7%
From rolling 252-day high of $18.82, 326d ago. Past the 30% Amber threshold.
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
5.6σ
Drop over the last 20 bars in units of daily volatility (3.07%/day). Past the ≥4σ Watch threshold.

The structural read

What price action says about FWRG.

FWRG 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 that often precedes further breakdown.

Cross-confirmation: also showing 5/5 bearish time frames.

Cross-confirmation: decline sigma also reads 5.6σ over 20 bars.

Upstream TFC read: bearish alignment, current phase daily. Last bar types — daily 3 (red), weekly 2D (red), monthly 2D (red).

Earnings on file: 2026-08-04. Earnings dates don't affect tiering.

Questions about FWRG

What people ask.

Why is FWRG on Broken Stocks?

FWRG qualifies for the Red List on decline depth. It is down -39.7% from its rolling 252-day high of $18.82, set on 2025-10-22 — 326d ago.

Is FWRG a falling knife?

Not by the strict technical definition. FWRG is down -39.7% from its 52-week high, but that high was set 326d ago — more than 120 days. A falling knife is usually a recent breakdown from a fresh high, not an established multi-quarter downtrend. FWRG is still on the Red List for decline depth, but the freshness component of a falling knife is missing.

Is FWRG 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 FWRG trading inside its 52-week range?

At $11.35, FWRG sits 14.4% of the way from its 52-week low ($9.97) to its 52-week high ($19.53). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.

How fast has FWRG been declining?

The current 39.7% decline accrued over 326d, which annualizes to roughly -44.4% 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 FWRG compare to its sector?

There are 244 other Consumer Cyclical tickers on Broken Stocks: 132 Red, 62 Amber, 50 Watch, with 19 showing recovering structural signals. Median sector decline is -34.0% — FWRG's decline is deeper than the sector median.

Does FWRG'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 (2026-08-04) is shown for reference only — listings can move tier between scans based on closing prices, regardless of fundamentals or news events.