MP Materials: the managed decline regains pace
MP Materials plunges 13.3% as the managed decline regains pace
MP Materials: the managed decline regains pace
Our view last week
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.
This week's summary
MP Materials plunged 13.3% this week, with 83% of trading on the sell side: last week's pause is over, and the managed decline has regained pace. A clean double bottom in the 49 area, with a 12% intermediate rebound, shows the ground below isn't empty though. The long-running short sits at more than 21% in gains. Earnings land in two weeks — caution is rising.
IQS Phase
74
in tension
Signal Strength
74
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#32 / 140
US stocks
Trade P&L %
+21.39%
from signal to today
restricted Platinum content