Nu Holdings Gains 3.55% As Technicals Signal Sustained Bullish Momentum

Nu Holdings (NU) advanced 3.55% in the most recent session, closing at $13.72 after testing the $13.96 intraday high, indicating sustained bullish momentum. The following technical analysis evaluates key indicators across multiple methodologies.
Candlestick Theory
The recent price action shows a bullish recovery pattern. The June 24th 8.83% surge on heavy volume ($1.56B) formed a decisive breakout candle, followed by consolidation near $13.20–$13.50. The June 30th close near the session high ($13.72) suggests accumulation, with immediate resistance at $14.00 (psychological level) and support at $13.30 (June 27th low). A bullish engulfing pattern emerging after a minor pullback implies continuation potential.
Moving Average Theory
The 50-day SMA ($12.80), 100-day SMA ($12.15), and 200-day SMA ($11.90) align in bullish sequential order, confirming a sustained uptrend. The current price trades above all key moving averages, with the 50-day acting as dynamic support during the June pullback. This configuration signals robust intermediate and long-term momentum.
MACD & KDJ Indicators
MACD (12,26,9) shows a bullish crossover above the signal line, with histogram bars expanding positively since June 24th. This aligns with KDJ readings: K-line (74) and D-line (68) are rising above the 50 midline, though J-line (86) approaches overbought territory. While MACD confirms bullish momentum, KDJ’s near-overbought J-line warrants caution for short-term exhaustion near $14.00.
Bollinger Bands
Bands expanded sharply during the June 24th breakout, reflecting rising volatility. Price currently hugs the upper band ($13.85), indicating strength. The 20-day SMA ($13.25) slopes upward, supporting the trend. Continued band expansion alongside upper-band proximity suggests upside follow-through is probable if volume persists.
Volume-Price Relationship
The June 24th advance occurred on the highest volume in three months ($1.56B), validating the breakout. Subsequent pullbacks saw diminished volume, signaling limited selling pressure. The June 30th rally occurred on above-average volume ($1.61B vs. 30-day avg $1.2B), supporting sustainability. Volume convergence with price direction strengthens trend confidence.
Relative Strength Index (RSI)
The 14-day RSI reads 65, hovering below overbought (70) territory. This reflects healthy momentum without immediate exhaustion signals. RSI’s steady climb from mid-June’s neutral zone (45) corroborates strengthening buying pressure. Notably, it diverged bullishly during the June 27th dip (price lower low, RSI higher low), foreshadowing the rebound.
Fibonacci Retracement
Using the swing high of $16.15 (November 2024) and swing low of $9.01 (April 2025), key retracement levels emerge: 23.6% ($14.46), 38.2% ($13.42), and 50% ($12.58). Recent consolidation respected the 38.2% support ($13.42), with the current price testing this level as resistance-turned-support. A sustained break above $14.46 would open the 23.6% retracement target.
Confluence and Divergence
Confluence exists at $13.40–$13.50 (38.2% Fibonacci + 20-day SMA + previous resistance), now acting as robust support. Bullish alignment appears across MACD, volume confirmation, and moving averages. A minor divergence exists between KDJ’s overbought warning and RSI’s neutral reading, suggesting consolidation may precede further upside. The overarching technical structure supports continuation bias above $13.30, though proximity to the $14.00–$14.50 resistance zone may induce near-term friction.