XP INC - CLASS A (XP) Stock Technical Analysis
NASDAQ:XP • KYG982391099
Taking everything into account, XP scores 7 out of 10 in our technical rating. In the last year, XP was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, XP did better than 79% of all other stocks.
- XP is one of the better performing stocks in the Capital Markets industry, it outperforms 87% of 238 stocks in the same industry.
- XP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so XP is lagging the market slightly.
- XP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- XP has an average volume of 6805020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, XP also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.66, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.63
5 important support areas can be observed.
- A support zone ranging from 19.28 to 19.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.43 to 18.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.80 from a trend line in the weekly time frame.
- Support @16.14 from a horizontal line in the daily time frame.
- Support @15.79 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.95 to 20.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.62 to 20.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for XP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XP is neutral. |
| ChartMill Relative Strength | 79.92 | POSITIVE | XP has a high relative strength, it outperformed 79.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of XP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.81 | NEUTRAL | The RSI value for XP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests XP has a negative trend. |
| Stochastics (14,3) | 59.83 | NEUTRAL | The Stochastics value for XP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for XP suggests some volalility. |
| Average Directional Index/ADX (14) | 25.92 | POSITIVE | The high ADX value value for XP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.21 | 19.16 | 1.05 (5.20%) | 19.25% |
| An entry @20.21. This is a Buy Stop order right above the resistance zone. | An exit @19.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.05 points, which is 5.20%. | For a 1.00% total portfolio risk, you can invest 19.25% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of XP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.87
+0.1 (+0.51%)
XP INC - CLASS A / XP FAQ
What is the ChartMill technical rating of XP INC - CLASS A (XP) stock?
ChartMill assigns a technical rating of 10 / 10 to XP.
What is the trend direction for XP stock?
The current trend direction for XP INC - CLASS A (XP) is Bullish.
Can you provide the RSI signal for XP INC - CLASS A?
XP INC - CLASS A (XP) has an RSI value of 56.8087. This indicates that the stock is currently neutral.
What is the MACD signal for XP INC - CLASS A (XP) stock?
The MACD indicator for XP INC - CLASS A (XP) has a value of -0.037776, indicating a bearish trend.