MP Materials Stock's Bull Signal Has Never Been Wrong

Liliana Orozco

Mon, June 8, 2026 astatine 11:49 AM CDT 1 min read

MP Materials Corp (NYSE:MP) stock was past seen down 1.2% astatine $58.46, heading for its fourth-straight loss. The shares are inactive up 128% year-over-year, however, with the uncommon world shaper present retesting enactment from the 260-day moving average.

According to Schaeffer's Senior Quantitative Analyst Rocky White, MP is trading wrong 0.75 times the 260-day moving average's 20-day mean existent scope (ATR), aft spending astatine slightest 80% of the erstwhile 2 weeks and 80% of the anterior 42 trading sessions supra that trendline. This setup has appeared conscionable 4 times during the past decade. One period later, the banal was higher each clip aft these signals, averaging an awesome 29.7% gain. A comparable rally from existent levels would spot MP Materials banal astatine $76.

Short covering could assistance substance gains. Short involvement represents 19.2% of MP's disposable float, and would instrumentality shorts implicit 4 days to screen astatine the stock's mean gait of trading.