XP is growing its four-day winning streak by closing at $18.91, gaining 2.72%.

A quick look at Friday: the Brazilian investment management company rallied 2.72% and maintained $18.91.

Trend-focused traders would be interested to note that investors are seeking long positions as XP Inc. 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. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $19.49, thereby suggesting that XP is becoming overvalued. XP's notable support and resistance levels: XP is 40 cents away from testing key resistance at $19.31. Peaking above this level could inspire market bulls and open the path to further gains.

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 American Express gained 4.08%, as it traded at $157.24. Goldman Sachs traded at $332 after closing Friday's trading day at $323.88 (up 2.51%). The Blackstone Group Inc. traded at $85.7 after closing Friday's trading day at $83.53 (up 2.6%).

The stock has been trending positively for about 2 months. The Brazilian investment management company is now trading 72.86% above the significant low ($10.65) it slumped to 2 months ago.