A quick look at Friday: the Brazilian wealth manager went up to $14.29, gaining 1.78%.
Chart analysis indicates although XP Inc. is appreciating today after rising as high as $14.51, price action is now slowing and consolidating around 29 cents below the $14.58 resistance level. Price action remains constrained around the key Fibonacci level of $14.21 currently serving as resistance
This rally in XP's share price coincided with other financials stocks as The Blackstone Group Inc. traded at $89.33 after closing Friday's trading day at $86.32 (up 3.49%). Visa Inc. gained 1.62%, as it traded at $232.73. S&P Global traded at $362.58 after closing Friday's trading day at $355.58 (up 1.97%).
Furthermore, the market is looking at United States ISM Manufacturing PMI (Apr) is scheduled for tomorrow at 14:00 UTC.
The stock has been trending positively for about a month. XP hit a significant low of $10.65 around a month ago, but has since recovered 31.83%.