Nu Holdings (NU) is currently trading at $10.83 with a Relative Strength Index (RSI) of 37.64, indicating oversold conditions. The MACD is negative, suggesting bearish momentum. The stock is approaching its Fibonacci pivot level of $10.86, with resistance at $11.59 and support at $10.14.
Despite strong earnings and revenue growth, NU has faced a 32% stock drawdown. The company's expansion into new markets and increasing revenue per user are positives, but concerns about growth plans and economic conditions in Brazil weigh on sentiment.
The stock is near the Fibonacci pivot of $10.86. A break above $11.59 could signal a bullish reversal, while a drop below $10.14 may indicate further decline.
Given the oversold RSI and nearby resistance, NU could see a short-term bounce to $11.20. However, the bearish MACD suggests caution.
Prediction: NU stock will reach $11.20 next week. Consider buying if it tests the Fibonacci support level.
The price of NU is predicted to go up -3.68%, based on the high correlation periods with CMPR. The similarity of these two price pattern on the periods is 98.06%.
NU
CMPR
Barclays
2025-02-24
Price Target
$17 → $15
Upside
+36.12%
Citigroup
2024-12-02
Price Target
$15 → $11
Downside
-5.74%
Keybanc
2024-11-14
Price Target
$15 → $17
Upside
+26.3%