Continuation pattern · bearish
Descending Channel pattern: stocks showing it today
A steady downtrend held between two parallel falling lines.
Bearish69 stocks today
Example: GNTX daily
Forming
Stocks with a descending channel
| Stock | TF | State | Last | Trigger | Away | Target | Score |
|---|---|---|---|---|---|---|---|
| GNTXGentex | Daily | Forming | $19.88 | $19.40 | -2.4% | — | 105 |
| CRCrane | Weekly | Forming | $201.06 | $178.02 | -11.5% | — | 104 |
| WMBWilliams Companies | Weekly | Forming | $64.08 | $63.80 | -0.4% | — | 103 |
| HUBBHubbell Incorporated | Weekly | Forming | $429.45 | $404.13 | -5.9% | — | 102 |
| KNXKnight-Swift | Weekly | Forming | $58.41 | $57.41 | -1.7% | — | 101 |
| HSYHershey Company (The) | Weekly | Forming | $178.08 | $152.05 | -14.6% | — | 101 |
| PIPRPiper Sandler Companies | Weekly | Forming | $65.92 | $59.44 | -9.8% | — | 101 |
| VICIVici Properties | Weekly | Forming | $24.79 | $21.28 | -14.2% | — | 101 |
| ALVAutoliv | Weekly | Forming | $123.47 | $105.98 | -14.2% | — | 101 |
| EMNEastman Chemical | Weekly | Forming | $64.41 | $60.11 | -6.7% | — | 100 |
| BABoeing | Weekly | Forming | $173.40 | $160.73 | -7.3% | — | 98 |
| CMCCommercial Metals | Weekly | Forming | $62.28 | $57.96 | -6.9% | — | 98 |
| PBIPitney Bowes | Weekly | Forming | $15.55 | $15.01 | -3.5% | — | 98 |
| ASTHAstrana Health | Weekly | Forming | $34.50 | $31.06 | -10.0% | — | 95 |
| PHParker Hannifin | Weekly | Forming | $917.79 | $845.06 | -7.9% | — | 93 |
| ITTITT | Weekly | Forming | $205.55 | $181.12 | -11.9% | — | 92 |
| TTTrane Technologies | Weekly | Forming | $401.76 | $391.53 | -2.5% | — | 90 |
| SWSmurfit Westrock | Weekly | Forming | $44.09 | $37.47 | -15.0% | — | 89 |
| WMSAdvanced Drainage Systems | Weekly | Forming | $124.31 | $118.43 | -4.7% | — | 89 |
| INCYIncyte | Weekly | Forming | $119.65 | $106.20 | -11.2% | — | 89 |
| DTMDT Midstream | Weekly | Forming | $113.66 | $112.25 | -1.2% | — | 89 |
| JBHTJ.B. Hunt | Weekly | Forming | $217.55 | $205.19 | -5.7% | — | 87 |
| AWIArmstrong World Industries | Weekly | Forming | $171.23 | $150.59 | -12.1% | — | 87 |
| REXREX American Resources | Weekly | Forming | $39.38 | $37.55 | -4.7% | — | 87 |
| APOApollo Global Management | Weekly | Forming | $116.75 | $103.28 | -11.5% | — | 86 |
| AZZAZZ | Weekly | Forming | $125.71 | $121.51 | -3.3% | — | 86 |
| STWDStarwood Property Trust | Weekly | Forming | $12.05 | $11.09 | -8.0% | — | 84 |
| CMICummins | Weekly | Forming | $450.07 | $435.83 | -3.2% | — | 83 |
| LKQLKQ | Weekly | Forming | $20.05 | $16.21 | -19.1% | — | 81 |
| ESSEssex Property Trust | Daily | Forming | $272.18 | $256.74 | -5.7% | — | 80 |
| ESEversource Energy | Weekly | Forming | $69.84 | $61.99 | -11.2% | — | 80 |
| SKYWSkyWest | Weekly | Forming | $79.38 | $77.68 | -2.1% | — | 80 |
| ORIOld Republic International | Daily | Forming | $39.61 | $35.98 | -9.2% | — | 80 |
| CBTCabot | Weekly | Forming | $71.05 | $70.11 | -1.3% | — | 80 |
| AKRAcadia Realty Trust | Weekly | Forming | $19.80 | $17.21 | -13.1% | — | 79 |
| WLYJohn Wiley & Sons | Weekly | Forming | $50.23 | $44.11 | -12.2% | — | 78 |
| SHOOSteven Madden | Weekly | Forming | $39.50 | $38.14 | -3.5% | — | 78 |
| RNSTRenasant | Weekly | Forming | $39.39 | $36.91 | -6.3% | — | 77 |
| ATOAtmos Energy | Weekly | Forming | $173.22 | $153.53 | -11.4% | — | 77 |
| HONHoneywell Technologies | Weekly | Forming | $220.05 | $184.52 | -16.1% | — | 77 |
| AITApplied Industrial Technologies | Weekly | Forming | $283.39 | $276.17 | -2.5% | — | 75 |
| AMAntero Midstream | Weekly | Forming | $18.98 | $18.95 | -0.2% | — | 74 |
| SBRASabra Health Care REIT | Weekly | Forming | $21.02 | $18.13 | -13.8% | — | 72 |
| JBSSJohn B. Sanfilippo & Son | Weekly | Forming | $54.96 | $50.73 | -7.7% | — | 72 |
| FEFirstEnergy | Daily | Forming | $46.43 | $41.33 | -11.0% | — | 71 |
| ELSEquity Lifestyle Properties | Weekly | Forming | $62.95 | $55.94 | -11.1% | — | 70 |
| GOLFAcushnet | Weekly | Forming | $80.74 | $71.11 | -11.9% | — | 69 |
| STAGSTAG Industrial | Weekly | Forming | $36.60 | $33.01 | -9.8% | — | 69 |
| AKRAcadia Realty Trust | Daily | Forming | $19.80 | $16.99 | -14.2% | — | 68 |
| AEPAmerican Electric Power | Weekly | Forming | $126.53 | $113.70 | -10.1% | — | 68 |
| DTEDTE Energy | Weekly | Forming | $135.08 | $114.22 | -15.4% | — | 67 |
| VLYValley Bank | Weekly | Forming | $14.08 | $12.19 | -13.4% | — | 67 |
| PEGPublic Service Enterprise | Weekly | Forming | $72.61 | $62.85 | -13.4% | — | 67 |
| CMSCMS Energy | Weekly | Forming | $69.18 | $60.07 | -13.2% | — | 66 |
| MGEEMGE Energy | Weekly | Forming | $80.26 | $66.45 | -17.2% | — | 66 |
| UEUrban Edge Properties | Weekly | Forming | $20.42 | $18.53 | -9.3% | — | 66 |
| WALWestern Alliance Bancorporation | Weekly | Forming | $75.55 | $70.23 | -7.0% | — | 66 |
| SFBSServisFirst Bancshares | Weekly | Forming | $41.08 | $36.76 | -10.5% | — | 66 |
| UFPIUFP Industries | Weekly | Forming | $79.92 | $71.81 | -10.1% | — | 66 |
| FBKFB Financial | Weekly | Forming | $54.17 | $48.38 | -10.7% | — | 66 |
| BENFranklin Resources | Weekly | Forming | $33.73 | $29.68 | -12.0% | — | 66 |
| FAFFirst American Financial | Weekly | Forming | $67.01 | $55.28 | -17.5% | — | 66 |
| NTRSNorthern Trust | Weekly | Forming | $172.76 | $155.49 | -10.0% | — | 66 |
| RPMRPM International | Weekly | Forming | $103.31 | $93.36 | -9.6% | — | 66 |
| FELEFranklin Electric | Weekly | Forming | $94.17 | $90.40 | -4.0% | — | 66 |
| UVVUniversal | Weekly | Forming | $39.41 | $36.36 | -7.7% | — | 65 |
| SGISomnigroup International | Weekly | Forming | $64.17 | $58.49 | -8.9% | — | 64 |
| NWSNews Corp (Class B) | Weekly | Forming | $28.96 | $28.79 | -0.6% | — | 63 |
| LSTRLandstar System | Weekly | Forming | $143.34 | $134.97 | -5.8% | — | 62 |
Frequently asked questions
Should you buy a stock in a descending channel?
Buying inside a descending channel is buying a downtrend. The lower rail can be traded for a bounce, but the pattern itself is bearish until price closes above the upper rail.
How is a descending channel different from a falling wedge?
The channel's boundaries are parallel, so the decline is steady. The wedge's converge, meaning the decline is slowing. The wedge is a bullish setup; the channel is not.
When does a descending channel end?
Usually with a close above the upper rail, often followed by a retest of that rail from above. That retest holding is the cleaner entry.