These stocks are on the verge of forming a dreaded death cross chart pattern

Published Mon, Apr 14 20251:54 PM EDTUpdated Mon, Apr 14 20252:08 PM EDT

A few stocks in the S & P 500 are headed toward a worrisome chart pattern as rising trade tensions put pressure on global markets Walt Disney and Bank of America are among the names about to form a "death cross," a chart pattern that forms when a stock's 50-day moving average falls below its downward-trending 200-day moving average. This pattern signals that a stock's momentum is weakening and could dip even further. This comes during a period of extreme volatility for the market, which has experienced a deep sell-off after President Donald Trump's April 2 tariff announcement and ensuing on-and-off tariff policies. CNBC Pro screened for names that are drawing closer to a death cross. Take a look at the stocks below: Walt Disney Walt Disney's 50-day moving average was just a few points above its 200-day counterpart of 100.79 coming into Monday's session. Shares have been under pressure, losing 24% this year. Bernstein last week reiterated Disney at an outperform rating. It also noted that, although "near-term concerns are likely to linger," the company can achieve longer-term growth in its parks business and see share price upside over the next year. "Disney is a complex story with constantly moving parts - Linear/Sports, Parks, and Streaming - each with significant gravity and complexity," analyst Laurent Yoon said in an April 10 note to clients. "Intensifying macro fears have amplified concerns about Parks, which is undoubtedly sensitive to overall health of the economy, as well as potential incremental pressure on Linear advertising revenue." Bank of America Bank of America's 50-day moving average is teetering right above its 200-day moving average of 42.53. Its shares have plunged nearly 16.7% year to date amid broader market losses. Morgan Stanley analyst Betsy Graseck upgraded the stock to overweight from equal weight last week, highlighting an attractive valuation and potential growth in net interest margins ahead. Bank of America reports earnings Tuesday before the bell. Delta Air Lines Delta Air Lines had its 50-day moving average just above its 200-day moving average, putting it on the verge of forming the dreaded death cross pattern. The stock has lost about 14.2% this month and more than 33% this year, making it one of the worst performers of the list. The company on Wednesday cut its growth plans and said it will not expand flying in the second half of the year due to lackluster bookings amid the Trump administration's shifting trade policies. Delta last month lowered its first-quarter forecast due to weak bookings. Tesla's bearish pattern While not quite a death cross, Tesla's 50-day moving average did break below its 200-day counterpart, possibility pointing to more losses ahead. This move does not qualify as a death cross because Tesla's 200-day average is still ascending. Shares are down more than 38% this year, the biggest drop among megacap tech stocks. Several firms are sticking by the stock for the long run, however. Deutsche Bank on Monday reiterated its buy rating on Tesla and said it views the company as a winner in embodied artificial intelligence. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!