NU Price Prediction Next Week
Based on the technical analysis and recent news, here's the prediction for NU's stock price next week:
Technical Analysis
- RSI(14) at 63.63 indicates moderately overbought conditions but not extreme
- MACD at 0.06 shows slightly bullish momentum
- Current price trading below SMA-60 of $12.60 suggests some overhead resistance
- Fibonacci levels show key resistance at $12.30 and support at $10.90
News Impact
- Nu Holdings is considering relocating its legal domicile to the UK as part of global expansion strategy
- Recent investment of $150M in Tyme Group indicates expansion into new emerging markets
- Q4 2024 earnings expected on February 20, 2025, with projected EPS of $0.12, representing 50% YoY growth
- Warren Buffett's Berkshire Hathaway trimmed position by 19.3% but still holds $1.2B worth of shares
Price Prediction for Next Week Target Price Range: $11.40 - $12.30
Rationale:
- Short-term resistance at Fibonacci R1 ($12.30)
- Support likely at Fibonacci S1 ($10.90)
- Positive earnings expectations and global expansion plans provide upward momentum
- However, recent selling pressure from Berkshire may limit immediate upside
Trading Recommendation: BUY
- Entry point: Current price ($11.28)
- Stop loss: $10.90 (Fibonacci S1)
- Take profit: $12.30 (Fibonacci R1)
- Risk/Reward ratio: 1:2.55
The stock shows bullish potential based on strong fundamentals and expansion plans, though traders should monitor the $12.30 resistance level carefully.
NU Similar Chart Price Prediction
The price of NU is predicted to go up 4.88%, based on the high correlation periods with KBR. The similarity of these two price pattern on the periods is 95.85%.
NU
KBR
Up: 4.88%Similarity: 95.85%