Nu Holdings Jumps 4.12% to $12.39 Amid Bullish Technical Signals

Nu Holdings (NU) advanced by 4.12% in the most recent trading session, closing at $12.39 on above-average volume of 69.3 million shares. This analysis evaluates NU's technical posture through seven frameworks.
Candlestick Theory
Recent price action reveals a critical support zone between $11.80 and $12.00, validated by multiple tests in early June including the June 13 low of $11.83. Resistance is observed near the June 11 swing high of $12.78. The formation of a bullish piercing pattern on June 16—a 4.12% white candle closing above the midpoint of the prior session's 5.96% decline—suggests potential short-term upside targeting $12.50-$12.60. However, rejection near $12.51 during the same session indicates lingering supply at this level.
Moving Average Theory
The 50-day MA (approximately $12.20) and 100-day MA (approximately $12.00) both trade below the current price, indicating positive short-term momentum. However, the 200-day MA (approximately $12.40) looms just above the close at $12.39, acting as immediate resistance. The converging 50/100-day MAs reflect tightening price consolidation, but the absence of a decisive golden cross and the price's position below the 200-day MA signal longer-term trend ambiguity. A sustained breach of the 200-day barrier would strengthen the bullish case.
MACD & KDJ Indicators
MACD shows a neutral configuration, with its line hovering near the signal line after a period of compression. Recent histogram bars have shifted from negative to flat, suggesting bearish momentum is stabilizing. The KDJ oscillator registers a %K reading near 64, having rebounded from oversold territory below 30 in mid-June. While %K's crossover above %D supports near-term bullishness, the lack of decisive alignment between MACD and KDJ momentum signals warrants caution. Neither indicator currently flags extreme conditions, pointing to balanced buying pressure.
Bollinger Bands
Bollinger Band width expanded sharply during the June 11-12 volatility spike ($12.78 high to $11.99 low), reflecting elevated near-term uncertainty. The June 16 close near the upper band ($12.51) combined with the widening bands implies potential continuation of the bullish move. However, this position relative to the upper band—coupled with RSI near neutrality—may invite short-term profit-taking at the $12.50 resistance.
Volume-Price Relationship
Volume validation strengthens the bullish case: The June 11 surge (6.60% gain on 85M shares) and June 16 advance (4.12% gain on 69.3M shares) confirm accumulation, while the June 12 sell-off (-5.96% on 66M shares) lacked proportional volume intensity. This divergent volume behavior suggests weak conviction among sellers at support levels. The rising volume-weighted average price (VWAP) over the past five sessions reinforces the current upside bias.
Relative Strength Index (RSI)
The 14-day RSI reading of 53 (calculated using average gains and losses over the period) resides in neutral territory. While it has recovered from oversold conditions below 30 during the early June pullback, the absence of overbought signals above 70 indicates room for further upside. Traders should note RSI's recent inability to breach 60 during May rallies, creating a de facto momentum ceiling. Current readings alone do not provide high-conviction reversal warnings.
Fibonacci Retracement
Using the May 14 high ($13.73) and June 13 low ($11.83) as reference points, key Fibonacci levels are identified at $12.28 (23.6%), $12.55 (38.2%), and $12.78 (50%). The current price at $12.39 has surpassed the 23.6% retracement but faces immediate resistance near the 38.2% level at $12.55. This coincides with the June 16 intraday high ($12.51) and volume cluster resistance—a confluence that makes this zone critical for near-term directionality. A breakout above $12.55 could trigger momentum buying toward the 50% retracement.
Confluence occurs between Bollinger Band positioning, volume-supported price action, and Fibonacci levels near $12.50, suggesting this resistance cluster will determine near-term trajectory. Divergence is noted in MA alignment, where short-term averages support upside while the 200-day MA caps rallies—a tension requiring resolution through decisive volume-backed price action.