Stocks in several publicly available companies are on the verge of forming technical patterns that show future troubles. “Death Cross” is a pattern that appears on the chart as a short-term moving average of stocks, usually measured over 50 days, and is below the long-term moving average that usually takes more than 200 days. Technical indicators are widely viewed as a sign that asset prices will fall in the not too distant future. Industrial giant Honeywell is one of Wall Street players poised to form a death cross with American Tower, waste management and Pinnacle West Capital added. These potential death matings are shaping at a critical time for the broader market. This week’s S&P 500 is under pressure as the AI trade struggles amid questions about its sustainability. Take a look at the scary chart patterns that are being formed below. (As of the end of Thursday.) Honeywell Honeywell is approaching the formation of the death cross with a 50-day moving average of $218.79 and a 200-day moving average of $218.21. The industrial giant’s shift into bearish technological patterns is almost a year after it began spinning its business by the end of 2026 and announced it to three stock trading companies: Honeywell Automation, Honeywell Aerospace and Solstice Advanced Materials. After a spin-out, these new companies may take a little time to start posting profits. This can raise questions about the company’s outlook. It’s true if Honeywell came out of a relatively strong second-quarter revenue report. The company booked sales of $10.35 billion for the quarter, up about 8% year-on-year. It also reported adjusted earnings of $2.75 per share, up 4% above fiscal quarter and analyst expectations. Honeywell stocks have fallen 6.7% over the past month and are down 8% per year. The American Tower Communications Real Estate Solutions Provider’s 50-day moving average is $206.38 within a significant distance from the 200-day moving average of $205.78. U.S. Tower stocks have plummeted 16.2% over the past year, but still have risen by more than 5% in 2025. Waste Management is located near the Cross of Death with a 50-day moving average of $225.36 and a 200-day moving average of $224.92. Waste Management stocks have fallen by about 4.2% over the past three months. However, the stock price has so far increased by 7.6%. The Pinnacle West Capital Utility Service Provider’s 50-day moving average is $90.03 and the 200-day moving average is $89.99. Pinnacle West Capital stock has been down 7% over the past six months. (Learn the best 2026 strategies from within NYSE with Josh Brown and others on CNBC Pro Live. Tickets and info here.)
