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Notable Two Hundred Day Moving Average Cross - XP
Wednesday, April 10, 1:32 PM ET, by Market News Video Staff

In trading on Wednesday, shares of XP Inc - Class A (XP) crossed below their ...

Analysts Anticipate FXO To Hit $50
Friday, April 12, 6:22 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

First Week of XP May 31st Options Trading
Friday, April 12, 10:44 AM ET, by Market News Video Staff

Investors in XP Inc - Class A (XP) saw new options become available this week, ...

Relative Strength Alert For XP
Tuesday, April 16, 12:37 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Interesting XP Put And Call Options For June 7th
Friday, April 26, 1:17 PM ET, by Market News Video Staff

Investors in XP Inc - Class A (XP) saw new options become available today, for ...

Oversold Conditions For XP

By Market News Video Staff, Wednesday, November 27, 4:48 PM ET
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of XP Inc - Class A (NASDAQ:XP) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $14.87 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.2. A bullish investor could look at XP's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of XP shares:

XP Inc - Class A 1 Year Performance Chart

Looking at the chart above, XP's low point in its 52 week range is $14.87 per share, with $27.025 as the 52 week high point — that compares with a last trade of $14.94. Find out what 9 other oversold stocks you need to know about »


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Oversold Conditions For XP | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

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