Nu Holdings Extends Slide With 1.07% Two-Day Drop Amid Technical Resistance

Nu Holdings (NU) experienced a 0.87% decline in its most recent session, marking a second consecutive daily drop and bringing its two-day loss to 1.07%. The stock closed at $14.74 after trading between $14.52 and $15.175, signaling persistent selling pressure near recent highs. This analysis examines key technical dynamics across multiple indicators.
Candlestick Theory
The latest session formed a bearish candle within a broader consolidation pattern, with the price rejecting the $15.20 resistance zone that capped advances on September 3rd and 4th. Immediate support lies near $14.50, which held during the August 26th and September 4th lows. A cluster of small-bodied candles over the past week suggests indecision, while the two consecutive down days indicate near-term bearish momentum. Key resistance remains at $15.20-$15.30, which aligns with the September high.
Moving Average Theory
Nu Holdings trades above its primary moving averages, with the 50-day SMA ($13.80) sustaining an upward trajectory above the 100-day ($13.20) and 200-day ($12.40) averages. The current price sits 6.8% above the 50-day average, confirming an intermediate uptrend. However, the flattening 50-day SMA suggests deceleration in bullish momentum compared to the steep ascent observed in July. The hierarchical alignment (price > 50-day > 100-day > 200-day) maintains a structurally positive long-term bias.
MACD & KDJ Indicators
The MACD (12,26,9) shows a narrowing positive histogram, with the MACD line converging toward its signal line after September’s peak – a potential momentum loss warning. The KDJ oscillator (K: 58, D: 62, J: 50) has exited overbought territory (KD > 80 in late August) but lacks directional conviction. Neither indicator currently signals a decisive bearish reversal, though the MACD’s loss of upward thrust warrants monitoring for a negative crossover.
Bollinger Bands
Price action lingers near the upper Bollinger Band ($14.20-$15.30, 20-day basis), reflecting above-average volatility since mid-August. Bandwidth expanded 22% during the August rally but is now contracting, suggesting reduced directional momentum. The $14.50 lower band provides immediate support, while a close below $14.20 would signal increased bearish conviction. The bands’ symmetrical shape implies balanced volatility risk.
Volume-Price Relationship
The 9.7% volume surge on September 5th’s decline signals distribution near resistance. Notably, August’s rally featured higher volume on up days (e.g., +6.6% on June 11 with 85M shares) versus lighter volume during pullbacks, confirming underlying demand. Recent distribution pressure diverges from this pattern, suggesting profit-taking near $15.00. Sustainability requires volume expansion on rebounds above $14.90.
Relative Strength Index (RSI)
The 14-day RSI (55) moderates from overbought territory (71.5 on August 15) but remains above neutral. While exiting overbought conditions reduces immediate reversal risk, the declining RSI slope amid lower prices suggests building downside momentum. Historical support near 40 (July and August lows) aligns with major technical support at $13.30.
Fibonacci Retracement
Primary Fibonacci levels drawn from the swing low of $9.01 (April 2025) to the $15.96 high (November 2024) place key retracement supports at $14.32 (23.6%), $13.31 (38.2%), and $12.49 (50%). Near-term analysis using the August 19th low ($13.12) and September 5th high ($15.175) shows the price holding above the 23.6% retracement ($14.69). Confluence exists at $14.32-$14.50, where the major 23.6% level aligns with recent swing lows and the Bollinger lower band.
Confluence and Divergence Observations:
- Significant support convergence between $14.32-$14.50 (Fibonacci, Bollinger Bands, swing lows)
- Bearish volume divergence near $15.00 resistance
- Bearish momentum divergence in MACD histogram versus price
- The absence of oversold RSI readings despite two-day decline suggests incomplete correction
Probable near-term outcomes include consolidation between $14.50-$15.00, with sustained trade below $14.50 risking a test of the $14.30 Fibonacci confluence zone. Re-acceleration above $15.25 would require expanded volume confirmation to overcome technical resistance.