XP breaks a 4 day downtrend, moves up to $10.92

During a 4 day fall, dropping a total of 15.41%, ($2.26), A possible change of direction spotted from Friday; XP moves up 2.54% to close at $10.92 Friday.

The Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored.

Overall, looking at the technical analysis landscape, it seems XP is likely to reverse course and start pointing down in the short term.

XP went up Friday, yet these financials stocks did not follow — Morgan Stanley falls 2.2% Friday to close at $85.84. JP Morgan Chase lost 1.52% Friday and closed at $124.91.