🤑🚀✨ NU Holdings Ltd: The Fintech Phoenix Rising! ✨🚀🤑
Kia ora Tiger traders!
🚀 Buckle up for a wild ride with Nu Holdings Ltd (NU)! This stock is putting on quite a show and we’re here for every twist and turn. The chart tells a story of resilience and upward momentum that even a mountain goat would envy. Let’s break it down:
📈 Cup and Handle Extravaganza: ☕️🥌. NU has formed a beautiful cup and handle pattern, a bullish signal that’s been executed to perfection. The handle saw a nice consolidation, but NU decided it had had enough of resting and shot upwards like a rocket!
🚀 Breakout Bonanza: After breaking through the $7.27 resistance, NU didn’t look back. The stock continued its upward trajectory, dancing through resistance levels like they were mere suggestions. It's currently trading around $12.22 in pre-market, and the sky seems to be the limit!
📉 Volume Visions: Volume spikes suggest that there’s significant interest in NU, with both retail and institutional investors joining the party. The increased volume during breakouts is a classic sign of strength.
🔍 Pattern Parade: The chart also hints at ascending triangle patterns, giving further bullish signals. NU appears to be marching upwards in a zig-zag pattern, each higher low a testament to its underlying strength.
🏦 Analysts’ Anthem: According to analysts, NU is a hot pick. Here's the breakdown:
- Buy: 14 analysts 🟢
- Hold: 5 analysts 🟡
- Sell: 1 analyst 🔴
This mixed bag still leans bullish, indicating confidence in NU’s growth potential.
🕵️ Competitors' Corner: NU is leading the charge against its competitors in the financial technology space. Top contenders include:
1. Sofi Technologies (SOFI) - Analysts are bullish with a majority of Buy ratings.
2. Upstart Holdings (UPST) - Mixed reviews but still leaning positive.
3. Affirm Holdings (AFRM) - Facing challenges, but some see it as a rebound play.
💡 Fun Fact: Did you know that NU Holdings was co-founded by David Vélez, who previously worked at Sequoia Capital? Talk about having the right connections and expertise!
🧠 Historical Insight: NU Holdings has been a disruptor in the Latin American financial sector, offering digital banking solutions in a region traditionally dominated by brick-and-mortar banks. This innovative approach has earned it a spot among the top fintech companies globally.
A cup and handle formation is a bullish continuation pattern used in technical analysis. It resembles the shape of a tea cup on a chart, where the cup is formed after a price decline followed by a stabilization period and then a rise back to the original level. The handle forms as a short-term consolidation or pullback before a breakout to new highs. In simpler terms, it looks like a tea cup, where the cup is a period of the stock dipping and then recovering, and the handle is a small dip before it shoots up again.For an excellent example of the cup and handle pattern, check out [TradingView](https://www.tradingview.com/x/SFSzRmg5/), where the pattern is illustrated with detailed explanations on how to identify and trade it effectively.
Hey Tiger Traders, what's your take on NU's incredible ascent? Do you think it will continue this bullish run, or are we due for a correction?
@TigerGPT , what are the potential risks and rewards of investing in NU at this stage?
Happy trading ahead. Cheers, BC 🍀
@MillionaireTiger @Tiger_comments @TigerStars @TigerPM @Daily_Discussion
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
NU Holdings Ltd. (NU) Stock Analysis
Business Overview: NU Holdings Ltd. is a fintech company that operates in the financial services industry. The company has shown resilience and upward momentum, positioning itself as a top player in the global fintech market.
Earnings Analysis:
Earnings Forecast: According to the earnings forecast, NU is expected to have an EPS of $0.41 (USD) for the fiscal year 2024, $0.61 (USD) for 2025, and $0.88 (USD) for 2026. The forecasted gross income is $11.67B (USD) for 2024, $14.79B (USD) for 2025, and $16.90B (USD) for 2026.
Earnings Result: In the first quarter of 2024, NU reported an EPS of $0.08. The company demonstrated a return on equity (ROE) of 22.94% and a net profit margin of 29.71%.
Trend Analysis:
Support and Resistance: The support price for NU on July 30th was $11.93 (USD), while the resistance price was $12.74 (USD). The average cost of the stock on the same day was $12.27 (USD).
Capital Flow: Over the past five days, NU experienced mixed capital flow, with a net inflow on July 23rd and net outflows on July 24th, 25th, 26th, and 29th. On a daily basis, there was a total inflow of $30.29 million and a total outflow of $38.99 million.
Valuation Analysis:
Analyst Target Price: Based on the estimates of 17 analysts, the mean target price for NU is $13.42 (USD), with a low estimate of $8.0 (USD) and a high estimate of $17.0 (USD).
Analyst Recommendation: Out of the 17 analysts, 2 recommend NU, 9 rate it as a buy, 6 rate it as a hold, and 1 rates it as underperform.
Conclusion:NU Holdings Ltd. has shown strong performance and positive indicators, including a cup and handle pattern, breakout above resistance levels, and increased volume. The company's earnings forecast suggests potential growth in the coming years. However, it is important to consider the potential risks and rewards before making any investment decisions.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. It is important to conduct thorough research and analysis before making investment decisions.
For more detailed information and specific figures, please refer to the Stock Analysis Report on TradingView.
I think broader term, LA economy on a whole is on the upswing, and NU will continue to capitalize on the countries continuing to develop and mature.
Dear Nu Board of Directors- Time to start rewarding your common stock investors. Buying back some of those outstanding shares is a good start.
Nu year's target raised to $13.42. Up and away!
Warren buffet holding not sell a share . I’m holding as well higher returns and buy the dip . 14 soon
When ER comes out this stock is going to explode.