Several publicly traded companies’ stocks are on the verge of forming a technical pattern that signals trouble ahead. A “death cross” is a pattern that appears on a chart as a stock’s short-term moving average, typically measured over 50 days, breaks below its long-term moving average, usually taken over 200 days. The technical indicator is widely viewed as a sign that an asset’s price will decline in the not-so-distant future. Industrial giant Honeywell is among the Wall Street players poised to form a death cross, joined by American Tower , Waste Management and Pinnacle West Capital . These potential death crosses are forming during a crucial time for the broader market. The S & P 500 this week has been under pressure as the artificial intelligence trade struggles amid questions over its sustainability. Take a look below to see the dreaded chart patterns that are forming. (Values as of Thursday’s close.) Honeywell Honeywell is coming close to forming a death cross, with its 50-day moving average of $218.79 and a 200-day moving average of $218.21. The industrial giant’s turn toward the bearish technical pattern comes nearly a year after it announced it would begin spinning out its businesses by the end of 2026 into three publicly traded companies: Honeywell Automation, Honeywell Aerospace and Solstice Advanced Materials. After the spinouts, those new firms could take some time to start posting gains — a possibility that may stir up doubts about the companies’ prospects. That remains true even as Honeywell comes off a relatively strong second-quarter earnings report. The company booked $10.35 billion in sales for the quarter, up roughly 8% year over year . It also reported adjusted earnings of $2.75 per share, up 4% from the year-prior quarter and above analysts’ expectations. Honeywell shares have fallen 6.7% in the past month and are down 8% year to date. American Tower The communications real estate solutions provider’s 50-day moving average sits at $206.38, within striking distance of its 200-day moving average of $205.78. American Tower shares have plunged 16.2% over the past year, although they’re still up more than 5% in 2025. Waste Management The refuse removal company has a 50-day moving average of $225.36 and a 200-day moving average of $224.92, putting it near a death cross. Waste Management shares have fallen roughly 4.2% over the past three months. The stock is up 7.6% in the year to date, however. Pinnacle West Capital The utilities service provider’s 50-day moving average is $90.03, while its 200-day moving average is $89.99 — a clear sign the stock is inching closer to forming a bearish technical pattern. Pinnacle West Capital shares are 7% lower over the past six months. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
