888-969-2592
Kalkine 0
countryflagCA

RY 164.07 0.6379% SHOP 127.42 7.5456% TD 86.07 0.5491% ENB 63.02 -0.1426% BN 71.19 2.8906% TRI 250.82 -0.4129% CNQ 40.5 -0.0494% CP 101.37 0.6454% CNR 135.8 0.6597% BMO 131.37 0.9917% BNS 67.21 0.8856% CSU 4808.0 3.5285% CM 83.6 1.1617% MFC 41.65 3.1196% ATD 73.46 0.232% NGT 74.0 -1.7786% TRP 67.57 -0.3098% SU 48.57 -0.7966% WCN 270.7 -0.9767% L 216.4 0.0647%

blue-chip

One NYSE– Listed Financial Stock at Resistance Levels: Nu Holdings Ltd

Jan 16, 2024 | Team Kalkine
One NYSE– Listed Financial Stock at Resistance Levels: Nu Holdings Ltd

NU
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Nu Holdings Ltd

Company Overview: Nu Holdings Ltd (NYSE: NU) is a Brazil-based company that provides a digital banking platform. The Company offers its customers products across the five financial seasons: spending, saving, investing, borrowing, and protecting.

As per our previous US Diversifies Opportunities report published on ‘NU’ on 07th December 2023, Kalkine provided a ‘Buy’ stance on the stock at USD 8.15 based on “decent fundamentals, healthy top-line results, other key financial highlights, upside indicated by the valuation, and key risks associated with the business” and the stock price has now moved by ~15.34% since then and the price has achieved resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

NU’s Daily Chart 

Considering the resistance around the range of USD 9.50 – USD 10.00, resistance 1 and resistance 2 levels attainment, current trading levels, risks associated, and volatile market conditions on the back of higher interest rates, a ‘Sell’ rating is assigned to the “NU” at the current market price of USD9.40 (as of 16 January 2024, at 06:55 am PST).  

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is January 16, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Small-Cap
One Clean Energy Stock Focused on Expanding Shipments and Production Capacity – CSIQ
Apr 23, 2025 Team Kalkine
Blue-Chip
One Information Technology Company With Long-term Growth Prospects – ANET
Apr 23, 2025 Team Kalkine
Small-Cap
One NASDAQ- Listed IT Services Stock at Decent Technical Levels – Airship AI Holdings Inc
Apr 23, 2025 Team Kalkine
Small-Cap
One NASDAQ - Listed Application Software Stock Under Radar - FUFU
Apr 23, 2025 Team Kalkine
Small-Cap
One NYSE- Listed Insurance Stock at Decent Technical Levels – Lemonade Inc
Apr 23, 2025 Team Kalkine
Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.