In the meantime, BofA Securities downgraded its XP Inc [XP] rating to a Neutral from a a Buy in a research note published on December 10, 2024; the price target was decreased to $16 from $25. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Goldman also remained covering XP and has decreased its forecast on April 30, 2024 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on April 23, 2024. It rated XP as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of XP
On Tuesday, XP Inc [NASDAQ:XP] saw its stock fall -1.40% to $11.24. Over the last five days, the stock has lost -4.58%. XP Inc shares have fallen nearly -5.15% since the year began. Nevertheless, the stocks have fallen -55.34% over the past one year. While a 52-week high of $26.78 was reached on 01/02/25, a 52-week low of $11.37 was recorded on 01/07/25. SMA at 50 days reached $14.65, while 200 days put it at $18.24.
Levels Of Support And Resistance For XP Stock
The 24-hour chart illustrates a support level at 11.04, which if violated will result in even more drops to 10.84. On the upside, there is a resistance level at 11.55. A further resistance level may holdings at 11.86. The Relative Strength Index (RSI) on the 14-day chart is 20.67, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.66%. Stochastics %K at 2.49% indicates the stock is a buying.
How much short interest is there in XP Inc?
A steep rise in short interest was recorded in XP Inc stocks on 2024-10-31, dropping by -4.25 million shares to a total of 11.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.91 million shares. There was a decline of -36.43%, which implies that there is a negative sentiment for the stock.
