XP Inc. Stock Forecast
XP Inc. stock downgraded from Sell Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The XP Inc. stock price fell by -4.44% on the last day (Tuesday, 30th Apr 2024) from $21.42 to $20.47. During the last trading day the stock fluctuated 3.59% from a day low at $20.21 to a day high of $20.94. The price has fallen in 6 of the last 10 days and is down by -5.67% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $108.89 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 $20.38 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.42% during the next 3 months and, with a 90% probability hold a price between $17.85 and $21.11 at the end of this 3-month period.
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XP Signals & Forecast
There are few to no technical positive signals at the moment. The XP Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.83 and $23.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -4.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for XP Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.725 between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 2.82%.
XP Inc. is oversold on RSI14 (18). 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 Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect XP Inc. to open at $20.54, and during the day (based on 14 day Average True Range), to move between $19.77 and $21.17, which gives a possible trading interval of +/-$0.704 (+/-3.44%) up or down from last closing price. If XP Inc. takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $21.70, some $1.23 (6.01%) from the current price of $20.47, our system finds the risk reward not very attractive.
Is XP Inc. stock A Buy?
XP Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.821 Strong Sell Candidate Downgraded
Predicted Opening Price for XP Inc. of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$20.54 ( 0.334%) | $20.47 |
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 | 21.26 | 3.88 % | |
R2 | 20.99 | 2.52 % | ||
R1 | 20.82 | 1.69 % | ||
Current price: | 20.47 | |||
Support | S1 | 20.26 | -1.02 % | |
S2 | 20.09 | -1.85 % | ||
S3 | 19.81 | -3.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.31 | 23.64 % | |
R2 | 23.72 | 15.88 % | ||
R1 | 21.70 | 6.01 % | ||
Current price | 20.47 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
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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