Red List
ESAB
ESAB Corporation
Industrials · Metal Fabrication · mid-cap ($6.0B)
-33.6%
from rolling 252-day high of $137.28 set 2026-02-12 · 91d ago
Current
$91.17
Decline depth
-33.6%
Decline σ
5.2σ
TFC
5/5 bearish
Rolling 252-day high Up day Down day Last 90 trading days · data from Alpaca

Structural break signals

ESAB qualifies for the Red List on decline depth.

Decline depth
-33.6%
From rolling 252-day high of $137.28, 91d ago. Past the 30% Amber threshold.
Time-frame continuity
5/5 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. Full bearish continuity — every time frame is broken.
Decline sigma
5.2σ
Drop from local high over the last 20 bars, expressed in units of the stock's typical daily volatility (3.49% per day). Past the ≥4σ Watch threshold.

The structural read

What price action says about ESAB.

ESAB qualifies for the Red List on decline depth — down -33.6% 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: also showing 5/5 bearish time frames.

Cross-confirmation: decline sigma also reads 5.2σ over 20 bars.

Upstream TFC read: bearish alignment, current phase daily. Last bar types — daily 1 (red), weekly 2D (red), monthly 2D (red).

Earnings on file: 2026-02-20. Tiering is unaffected by earnings dates — listings reflect price structure only.

52-week range

52W low $89.41 3.7% of range 52W high $137.42

Sector context · Industrials

119 other Industrials tickers are on Broken Stocks.

60 Red List
22 Amber
37 Watch
-32.5% Median decline

Worst in sector: SMR (-79.0%). Least-bad: TRNS (-20.3%). See all Industrials listings →

Questions about ESAB

What people ask.

Why is ESAB on Broken Stocks?

ESAB qualifies for the Red List on decline depth. It is down -33.6% from its rolling 252-day high of $137.28, set on 2026-02-12 — 91d ago.

Is ESAB a falling knife?

By the most common technical definition — a steep, recent breakdown from a fresh high — yes. ESAB is down -33.6% from its 52-week high of $137.28, set 91d 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 ESAB 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 ESAB trading inside its 52-week range?

At $91.17, ESAB sits 3.7% of the way from its 52-week low ($89.41) to its 52-week high ($137.42). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.

How fast has ESAB been declining?

The current 33.6% decline accrued over 91d, which annualizes to roughly -134.8% 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 ESAB compare to its sector?

There are 119 other Industrials tickers on Broken Stocks: 60 Red, 22 Amber, 37 Watch, with 23 showing recovering structural signals. Median sector decline is -32.5% — ESAB's decline is deeper than the sector median.

Does ESAB'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 (2026-02-20) is shown for reference only — listings can move tier between scans based on closing prices, regardless of fundamentals or news events.