XP​ closed at $24.52​ (up 90 cents)​ and added one more day to its six​ straight days of gains

Yesterday at a glance: the Brazilian investment management company went up to $24.52, gaining 3.81%.

United States Fed Chair Powell testimony is next today at 14:00 UTC.

Meanwhile, United States Current Account (Q1) released today at 12:30 UTC with a figure of -219.3 billion, while the previous figure was -216.2 billion. United States API Weekly Crude Oil Stock came out at -1.25 million, while a consensus of analysts was expecting -433,000. United States 20-Year Bond Auction came out at 4.01.

Technical chart analysis shows XP Inc. could be slowing down soon; it is getting close to the resistance line and is now at $25.08, only 56 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as XP price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to momentum evaluation, the Relative Strength Index indicates XP is in a strong overbought condition. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $24.52, thereby suggesting that XP is becoming overvalued.

Overall, while XP has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

This rally in XP's share price coincided with other financials stocks as HDFC Bank Limited was up 2.46%.

While XP was bullish yesterday, the following financials stocks underperformed: Goldman Sachs went down to $325.07, losing 1.71% after it closed at $330.72 yesterday. The Blackstone Group Inc. closed at $89.13 (down 1.64%).

Also worthy of note, United States Crude Oil Inventories projected to come out at 1.87 million — worse than previous data of 7.92 million; data will be released today at 15:00 UTC.

Furthermore, the market is looking at United States Services PMI figure is projected at 54. It previously stood at 54.9; data will be released tomorrow at 13:45 UTC. United States Existing Home Sales (May) is expected today at 14:00 UTC.

The stock has been trending positively for about 2 months. Having set a significant low of $10.65 2 months ago, the Brazilian investment management company is trading 121.78% higher.