A quick look at yesterday: the Brazilian wealth manager has recovered almost all of its session losses after dipping down to $17.26 yesterday.
United States New Home Sales (Dec) is next today at 15:00 UTC.
This down-slide takes place despite the positive US macroeconomics indicators data that was published earlier — United States Core Durable Goods Orders beat the -0.2% projections, with -0.1%. Data from United States concerning GDP was released today at 13:30 UTC. Newly published figures emphasized continued decline from last month's figure of 3.2 to 2.9 this month. United States Initial Jobless Claims came out at 186,000, better than analyst estimates of 205,000 and improving upon the previous reading of 192,000.
XP Inc. made an initial break below its 3 day Simple Moving Average at $17.47, a possible indication of a forthcoming negative trend. XP's upper Bollinger Band® is at $18.22 which indicates a further downward move may follow. Despite this, XP bounced after reaching the $17.48 support zone, climbing 8 cents above it.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for XP.
XP was not the only decliner in the financials sector; HDFC Bank Limited lost 6.31% yesterday and closed at $66.93.
On the other hand, positive performances could be seen by looking at other financials stocks as Wells Fargo & Company gained 2%, as it traded at $45.34. HSBC Holdings gained 1.06%, as it traded at $37.08.
In addition, United States Pending Home Sales is projected to outperform its last figure with -0.9%, having previously been at -4%. The figure will be published tomorrow at 15:00 UTC.
Furthermore, United States Core PCE Price Index (MoM) (Dec) scheduled to come out tomorrow at 13:30 UTC. United States New Home Sales (Dec) is expected today at 15:00 UTC.
XP hit a significant low of $13.82 around 23 days ago, but has since recovered 28.44%.