Friday at a glance: despite the risk-off mood, XP was range-bound between $17.29 to $18.09 and settled at $17.38.
XP Inc.'s lower Bollinger Band® is at $16.65, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. XP could begin to recover as it approaches significant support, now 30 cents away from $17.08. Dipping below could be an indication that further losses are ahead.
Overall, looking at the technical analysis landscape, it seems XP —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
On the other hand, positive performances could be seen by looking at other financials stocks as The Charles Schwab traded at $79.81 after closing Friday's trading day at $77.9 (up 2.45%). Berkshire Hathaway was up 1.08%. JP Morgan Chase added 0.98% to its value, and traded at $133.84.
The stock has been trending positively for about 29 days. 9 months ago XP reached a significant high of $35.75 but has consequently lost 50.74% since then.