Stocks Below Their 200-Day Moving Average
100 stocks · Updated May 9, 2026
Stocks trading below their 200-day simple moving average are in long-term technical downtrends — the majority of institutional momentum investors will avoid or actively short these names. This list identifies downtrending stocks for either risk avoidance (removing from long portfolios) or contrarian research (identifying potential turnarounds for fundamental investors willing to buy against the trend).
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Frequently Asked Questions
Should I automatically sell stocks that fall below their 200-day SMA?
Many trend-following rules use the 200-day cross as a mechanical exit signal. Research shows this reduces drawdowns significantly. However, fundamental investors may hold below the 200-day if they believe the decline is temporary and the business thesis is intact.
How many S&P 500 stocks are currently below their 200-day SMA?
Market breadth is measured partly by the percentage of stocks above their 200-day SMA. During bear markets, 60-80% of stocks trade below their 200-day. During bull markets, 70-80% trade above. This breadth metric is used by technical analysts to gauge market health.
Are stocks below the 200-day SMA always in trouble?
Not always — stocks recovering from sector-specific downturns, companies with improving fundamentals, or stocks in early recovery phases may be below their 200-day while fundamentals are actually improving. The 200-day is a lagging indicator.
What is the "death cross" and how does it relate?
A death cross occurs when the 50-day SMA crosses below the 200-day SMA — a stronger long-term bearish signal than simply being below the 200-day. Stocks on this list that also have a death cross in place face the most severe technical headwinds.