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XP stock closes 3.61% higher, but daily MACD still trails its signal

XP stock closes 3.61% higher, but daily MACD still trails its signal

Photo: The Cryptonomist

XP stock has a bullish daily structure, but momentum does not offer an unqualified endorsement. Price stands above all three daily exponential averages. However, the daily MACD line sits below its signal, while the hourly chart provides only partial confirmation of the bullish bias. Key takeaways XP stock ended Friday’s session at $30.41, 3.61% above the prior close. A search of recent coverage found no company-specific news. Daily averages are aligned bullishly: the 20-session EMA at $28.1, 50-session at $24.09, and 200-session at $19.79 all sit below price.

Source: The Cryptonomist

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