Taking this into account, UBS upgraded its XP Inc [XP] rating to a Buy from a a Neutral in a research note published on January 24, 2025; the price target was decreased to $16 from $19. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Neutral”. UBS also remained covering XP and has decreased its forecast on July 11, 2024 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on April 30, 2024. It rated XP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of XP
On Monday, XP Inc [NASDAQ:XP] saw its stock jump 2.74% to $13.14. Over the last five days, the stock has gained 9.59%. XP Inc shares have risen nearly 10.89% since the year began. Nevertheless, the stocks have fallen -48.41% over the past one year. While a 52-week high of $26.51 was reached on 01/27/25, a 52-week low of $10.82 was recorded on 01/08/25. SMA at 50 days reached $13.28, while 200 days put it at $17.45.
Levels Of Support And Resistance For XP Stock
The 24-hour chart illustrates a support level at 12.87, which if violated will result in even more drops to 12.60. On the upside, there is a resistance level at 13.29. A further resistance level may holdings at 13.44. The Relative Strength Index (RSI) on the 14-day chart is 60.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.28%. Stochastics %K at 95.01% indicates the stock is a selling.
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.
