MP Materials Forecast: Elliott Wave Signals a Buying Zone Near $26.96
MP Materials Corp., (MP) produces rare earth materials in the Western Hemisphere together with its subsidiaries. It operates in two segments: Materials & Magnetics. It comes under Basic Materials sector & trades as “MP” ticker at NYSE.
Since inception in weekly, MP shows three swing higher high from June-2020 low. It shows impulse up from August-2024 low & correcting it in zigzag structure towards $26.96 or lower in daily. We like to buy the pullback below $26.96 or lower against 8.05.2024 low.
Above $10.02 low of ((II)), it ended (I) of ((III)) at $100.25 high in October-2025. Within (I), it ended I at $29.72 high, II at $18.64 low, III at $82.50 high, IV as triangle at $69.61 low & V at $100.25 high. Within (I), III was extended wave. It ended ((1)) of III at $39.10 high, ((2)) at $29.58 low, ((3)) at $65.05 high, ((4)) at $56.70 low & ((5)) at $82.50 high. Below (I) peak, it started correcting in zigzag correction. Below (I) peak, it ended a of (II) at $50.50 low (11.07.2025), b at $76.80 high (5.08.2026) & favors downside in c leg. Within b wave, it ended ((A)) at $72.93 high, ((B)) at $44.43 low & ((C)) at $76.80 high as expanded flat correction.
MP – Elliott Wave Latest Daily View:
It placed ((1)) of c at $53.57 low, ((2)) at $73.52 high & favors downside in ((3)). Within ((3)), it ended (1) at $52.42 low, (2) at $63.14 high & favors downside in (3) towards $42.16 – $29.14 area before it may bounce in (4). It expects few more swings lows within c wave to extend below $26.96 level to finish (II). We like to buy the pullback below $26.96 level against August-2024 low before next rally in (III) or at least 3 swings bounce. In weekly, it is showing only three swings from inception, which can be nest as proposed view, which confirms if new high erase momentum divergence. But if high comes with momentum divergence, then it can be diagonal before correcting big.
Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
