MP Materials, fifth week under short management
MP Materials Slips 2.1% as the MACD Pushes Deeper Into the Red
MP Materials, fifth week under short management
Our view last week
MP Materials is in week 4 of a sell signal, ranking 26th among the 137 US sell signals. The week gave up just 1.1%, a much lighter pace than before: the decline is showing no new lows, and its momentum looks stalled. The stock remains highly volatile and still well above its 200-week moving average, conditions our quality band flags as high-risk to trade.
This week's summary
MP Materials' weekly MACD keeps sliding, its histogram getting more negative for a 4th straight week: the stock gave up 2.1%, after last week's pause when the decline looked stalled. Volume tells a different story though — buyers were back to 54% of trading — worth watching in this MP Materials stock technical analysis, with the sell signal now in its 5th week.
IQS Phase
67
in tension
Signal Strength
19
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#60 / 137
US stocks
Trade P&L %
+9.28%
from signal to today
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