XP Inc. Stock Forecast
Green day on Friday for XP Inc.
(Updated on Apr 26, 2024)
The XP Inc. stock price gained 2.48% on the last trading day (Friday, 26th Apr 2024), rising from $20.55 to $21.06. During the last trading day the stock fluctuated 3.66% from a day low at $20.76 to a day high of $21.52. The price has fallen in 7 of the last 10 days and is down by -9.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $104.53 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.50 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.02% during the next 3 months and, with a 90% probability hold a price between $18.24 and $21.97 at the end of this 3-month period.
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XP Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.48%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The XP Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $24.01. On a fall, the stock will find some support from the short-term average at $20.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for XP Inc. stock
XP Inc. finds support from accumulated volume at $21.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.760 between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 2.75%.
XP Inc. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XP) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect XP Inc. to open at $21.11, and during the day (based on 14 day Average True Range), to move between $20.38 and $21.74, which gives a possible trading interval of +/-$0.683 (+/-3.25%) up or down from last closing price. If XP Inc. takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.02 (0.19%) than the resistance at $25.01 (18.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is XP Inc. stock A Buy?
XP Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.794 Sell Candidate Unchanged
Predicted Opening Price for XP Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$21.11 ( 0.253%) | $21.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.87 | 3.86 % | |
R2 | 21.58 | 2.48 % | ||
R1 | 21.40 | 1.63 % | ||
Current price: | 21.06 | |||
Support | S1 | 20.82 | -1.13 % | |
S2 | 20.64 | -1.98 % | ||
S3 | 20.35 | -3.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.26 | 24.69 % | |
R2 | 25.92 | 23.08 % | ||
R1 | 25.01 | 18.76 % | ||
Current price | 21.06 | |||
Support | S1 | 21.02 | -0.190% | |
S2 | 20.64 | -1.99% | ||
S3 | 20.57 | -2.33% |
XP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 13, 2023 | Dec 12, 2023 | Dec 22, 2023 | $0.730 | 2.79% |
2 | Sep 01, 2023 | Sep 11, 2023 | Sep 25, 2023 | $0.580 | 2.50% |
FAQ
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