MP Materials: the managed decline holds its pace
MP Materials drops 8.7% as the managed decline keeps its pace
MP Materials: the managed decline holds its pace
Our view last week
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.
This week's summary
MP Materials shares keep falling: this week the stock gives back another 8.7%, with 97% of trading on the sell side, the most lopsided reading of the past month. The weekly RSI slips to 34 and the MACD digs deeper into negative territory: the downside pressure isn't easing. The double bottom propping up the price has shifted lower, now in the 44 area, and earnings land this very week. The long-running short sits above 28% in profit.
IQS Phase
81
in tension / maturity
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#5 / 141
US stocks
Trade P&L %
+28.24%
from signal to today
Rank position
ranks 5th among the 141 sell signals for US stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein positive regime
Performanceweekly +1.44% · monthly +0.20%
MP belongs to the materials sector (reference ETF XLB). The sector is classified in positive regime according to our weekly reading.
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