Nu Holdings Jumps 3.6% to $13.54 as Technicals Signal Bullish Momentum

Nu Holdings (NU) concluded the most recent session at $13.54, gaining 3.60% and extending its advance to 5.53% over two consecutive trading days. This upward momentum follows a retracement to $12.72 on July 10, suggesting renewed bullish interest. Below is a technical synthesis of key indicators across multiple frameworks to contextualize this movement and identify probable forward signals.
Candlestick Theory
The July 10 session produced a long-legged doji (high: $13.55, low: $12.72), signaling indecision after a prior decline. This was followed by a bullish engulfing pattern on July 14–15, with the latest candle closing near its high ($13.54) after breaching the July 10 high of $13.55 intraday. This sequence implies buyer conviction, establishing $13.55–$13.60 as immediate resistance and $12.72 as critical support. A confirmed close above $13.60 would validate breakout potential, while failure here may trigger consolidation near $13.00–$13.20.
Moving Average Theory
The 50-day SMA (~$13.20), 100-day SMA (~$13.00), and 200-day SMA (~$12.80) exhibit a bullish sequence (50 > 100 > 200), confirming a sustained uptrend. The current price holding above all three underscores bullish sentiment. Recent consolidation near the 50-day SMA ($13.20) and subsequent rebound highlights this level as dynamic support. Consecutive closes above the 50-day SMA after the July 10 dip reflect robust trend resilience.
MACD & KDJ Indicators
The MACD (12/26/9) shows a bullish crossover, with the histogram expanding positively since July 11. This aligns with momentum recovery. Meanwhile, KDJ reflects overbought conditions: %K (93.6) exceeds %D (75.2) above the 80 threshold, signaling stretched near-term momentum after the rapid advance. While MACD supports continuation, KDJ warrants caution for a potential pullback or consolidation to alleviate overbought pressure. Divergence is noted as MACD’s bullish momentum contrasts with KDJ’s overbought warning.
Bollinger Bands
Bollinger Bands (20-day SMA, 2σ) show expansion after a volatility contraction in early July, coinciding with the price rebound. The current price ($13.54) tests the upper band ($13.60), suggesting near-term resistance. A sustained breakout above $13.60 would signal strength and likely broaden bands further, while rejection here may revert prices toward the 20-day SMA ($13.30) or lower band ($12.90). Band expansion validates increasing directional conviction.
Volume-Price Relationship
Volume surged 33.7% to 123.4 million shares during the 3.60% advance on July 15, confirming buyer participation. This contrasts with the 4.47% decline on July 10, which saw higher volume (110.3 million shares), suggesting capitulation. The volume-supported rebound from $12.72 reinforces the sustainability of the recovery. Persistent volume on upside sessions validates accumulation.
Relative Strength Index (RSI)
The 14-day RSI (63.7) resides in neutral territory but trends upward from sub-50 levels earlier this month. Current readings show no overbought (70+) or oversold (30–) extremes, leaving room for further price appreciation. The RSI’s bullish divergence (rising despite sideways price action between June 25–July 11) preceded the latest advance, reinforcing momentum’s constructive underpinning.
Fibonacci Retracement
Applying Fibonacci to the November 2024 peak ($16.02) and June 2025 trough ($12.72) yields critical retracement barriers: 38.2% ($13.92), 50% ($14.37), and 61.8% ($14.82). The current price ($13.54) sits below the 38.2% level ($13.92), positioning this as upside resistance. Confluence exists near $13.90–$14.00 (38.2% retracement + psychological resistance). A close above $13.92 could catalyze momentum toward $14.37, though Fibonacci gravity near $13.90 may initially cap gains. The 50% retracement aligns with the 200-day SMA, reinforcing its technical significance.
Confluence & Outlook
Bullish convergence is observed across multiple indicators: moving average alignment signals enduring uptrend strength, MACD’s positive crossover enhances momentum credibility, and volume validates recovery sustainability. Resistance confluence is notable at $13.55–$13.60 (candlestick high/Bollinger upper band) and $13.90–$14.00 (Fibonacci 38.2%/psychological barrier). KDJ overbought readings and Bollinger resistance suggest near-term exhaustion risk, potentially driving consolidation or shallow retracement to $13.20–$13.30 (50-day SMA/prior consolidation zone). Overall, NU’s technical posture favors upside continuation upon decisive clearance of $13.60, with failure here warranting tactical patience for entries at dynamic support zones.