Momentum

Resistance

Time

Gains

<ul class="list-ic vertical">
 <li><span>1</span> <a>Nu Holdings stock price surged more than 11.76% in the last one week. </a></li>
 <li><span>2</span> <a>Nu Holdings share (NYSE: NU) price showed a breakout after an accumulation near the 50-day EMA. </a></li>
 <li><span>3</span> <a>The price trend analysis illustrates a short-term correction phase in the current quarter. </a></li>
</ul>
<p>Nu Holdings Ltd. stock price is up 11.76% in the past week. The stock price showed an accumulation near the 50-day EMA followed by a price surge. The price has a strong resistance at $8.19 the breakout of which may attract more buying volume and the price may surge to test the sellers’ presence at the upper supply levels.<br><br>The price trend analysis demonstrates that Nu Holdings stock price persists a bullish outlook and has been following an upward trajectory above the key moving averages. The NU share price is up 65.04% as compared to the six-month timeframe and has yielded a return of 98% on a year-to-date basis.&nbsp;</p>
<p>Moreover, the current quarter hasn’t been that profitable for the NU investors as the price is hovering in a range-bound zone with support at the $6.5 level and resistance at the $8.25 level.</p>
<p>Recently, the stock price made a breakout above after accumulating near the lows. The price is inclining higher but might face rejections near the $8.25 level.&nbsp;</p>
<p>The breakout above the resistance level may attract new buyers and the price may attempt to surge above the $10 level. The long-term trend is optimistic and the price may show gains if the short-term trend aligns with it.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/zXrhuV3WTUnEJ3UXTRu6sVSBDWTxghRR7cdaZ_KIZSbhlSgvKRCj7lWM4ZT-F-QSEfLyqclbVxf1IZJZlOpU4qsRy26P08ukHGQVdXN8Gria6yW4IXmTYu4JSPB0LwER4eh9k1u80cR0tsfis3XQJbw" alt="Nu Holdings Stock Gains 11%: Is It Time To Ride The Trend?">
  <figcaption class="wp-element-caption">
   Source: barchart.com
  </figcaption>
 </figure>
</div>
<p><a href="https://www.thecoinrepublic.com/2023/08/24/will-nu-holdings-ltd-nu-stock-register-a-fresh-52-week-high/" rel="noopener noreferrer nofollow">Nu Holdings stock</a> derivatives data analysis states that the current implied volatility in the market is 43.95% with an increment of 0.72% in the last trading session. The at-the-money strike price has 327 open contracts on the PUT side and 3,072 open contracts on the CALL side indicating the dominance of sellers at the CMP.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-nu-holdings-stock-price-forecast-for-2023-strong"><strong>Nu Holdings Stock Price Forecast For 2023</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/1R3rwtTVEN7aU13do8nmyJZpDaV1IMsQIxhe2gdL3STPK2w4c-rNQ63npMp-bWx-H0faxutI2QYYihX_GntDGPp0Ud9UsT-sYqyDkIRMfx6yCdC3ICtDQxYVYI0A7DWMspsM7sLRmQk7QhUrAabnqZ0" alt="Nu Holdings Stock Gains 11%: Is It Time To Ride The Trend?">
  <figcaption class="wp-element-caption">
   Source: NU 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The average analyst price target for Nu Holdings stock in 2023 is $8.50, which represents a potential upside of 9.13% from the current price. However, there is a wide range of analyst price targets between $4.0 to $11.00.</p>
<p>The most optimistic analysts believe that Nu Holdings stock could reach $11.00 in 2023 with an upside potential of over 41% if the global banking and digital industry grows strongly.</p>
<h3 class="wp-block-heading" id="strong-technical-indicators-signal-momentum-in-buying-strong"><strong>Technical Indicators Signal Momentum in Buying</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/qrtS8X-kHwoc7uj1RFNS24i9AyklSTpRCpMm3pV-X5cGihEb7kMOJkR_78XTfhy4M0hgr4Xx4VP2F50gYIuGP0VHHauGtfxG5IeM3xPgIIhphMwfWAzb4FQyxz0WUgqbKSRIlKRfn284A62PHg9xrpw" alt="Nu Holdings Stock Gains 11%: Is It Time To Ride The Trend?">
  <figcaption class="wp-element-caption">
   Source: NU 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The overall technical indicators including RSI and MACD opinion rating for the <a href="https://www.thecoinrepublic.com/2023/08/24/will-nu-holdings-ltd-nu-stock-register-a-fresh-52-week-high/" rel="noopener noreferrer nofollow">NU stock</a> is a 56% “buy” with a weakening short-term outlook on maintaining the current trend.&nbsp;&nbsp;</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Nu Holdings stock price rose 11.76% in a week and broke above the 50-day EMA. The price faces resistance at $8.19 and may surge to $10 if it breaks out. The price is bullish in the long term and has gained 98% in a year. The price is range-bound between $6.5 and $8.25 in the current quarter. The average analyst price target is $8.50, with a high of $11.00 and a low of $4.00. The price depends on the banking and digital industry growth.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $6.75 and $6.11.</li>
 <li><strong>Resistance Levels:</strong> $7.34 and $8.19.</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Nu Holdings Stock Gains 11%: Is It Time To Ride The Trend?

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Thecoinrepublic.com

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