--- title: "Technicals | Nu Holdings (NU.US): Golden Cross Above Zero Confirms the Uptrend, Overbought Keeps a Retest in Play" type: "News" locale: "en" url: "https://longbridge.com/en/news/298043583.md" description: "Nu Holdings (NU.US) rose for a second straight session yesterday on turnover of about USD 1.27 billion, and its daily MACD printed a golden cross above the zero line. The stock is back above all its major moving averages, confirming that the pullback after the mid-August earnings spike has ended. Q2 net income of USD 1.1 billion, up 49% year over year, a record 33% return on equity and a credit portfolio up 37% to USD 39.4 billion give the setup a fundamental base. A Mexican banking license and an investor day set for Dec 8 in New York extend the LatAm story. Cathie Wood bought the dip on Aug 18. Federal Reserve Governor Waller's recent dovish remarks support bank and fintech valuations, while today's US August non-farm payrolls report is the next test of rate expectations. Short-term oscillators are overbought after two hot sessions, so whether volume keeps up and how rates react are the watch items. Nu's 90-day-plus delinquency ratio at 6.9%, Brazil's credit cycle and currency swings are the background risks." datetime: "2026-09-04T13:13:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298043583.md) - [en](https://longbridge.com/en/news/298043583.md) - [zh-HK](https://longbridge.com/zh-HK/news/298043583.md) generator: "portal-rs" --- # Technicals | Nu Holdings (NU.US): Golden Cross Above Zero Confirms the Uptrend, Overbought Keeps a Retest in Play Nu Holdings (NU.US) printed a daily MACD golden cross above the zero line yesterday, a signal that the pullback after mid-August's earnings jump has ended and medium-term upside momentum is confirmed once more. Shares rose for a second straight session on turnover of about USD 1.27 billion. Price reclaimed the 5-, 10- and 20-day moving averages, the short-term cluster has swung from flat to an upward fan, and the rebound has been crisp. Buying interest is clearly returning, and for Latin America's leading digital-bank platform the stock is back on the right side of the trend. Company catalysts are stacking up. Q2 results, disclosed on Aug 13, showed net income crossing USD 1 billion for the first time to reach USD 1.1 billion, up 49% year over year. Return on equity hit a record 33%, customers grew to 139 million, and the credit portfolio expanded 37% year over year to USD 39.4 billion. In the same window, Nu won a Mexican banking license and rolled out a new customer tiering service in Brazil, so the LatAm expansion story keeps delivering. ARK Invest founder Cathie Wood added to her stake on Aug 18, calling Nu a bargain after the retreat. On Sep 2, a day the stock jumped nearly 6%, Nu announced its first investor day for Dec 8 in New York. CEO David Vélez will lay out the long-term strategy and growth engines there, giving the market a fresh narrative anchor. The macro read helps too: Federal Reserve Governor Waller's dovish remarks in recent days have eased rate-hike fears, a supportive backdrop for bank and fintech valuations. Today's US August non-farm payrolls report is the next checkpoint for rate expectations. One sour note: executives trimmed holdings on three consecutive days from Aug 24 to 26. The amounts were small, but during a fast rebound they add sentiment noise. The chart is clean. Price holds above every major moving average. The two near-term supports sit just below, the 5-day line around USD 14.9 and the 20-day around USD 14.5. Bollinger bands are widening, a sign volatility is recovering and the tape has more room to move. After two heavy up days, however, momentum gauges such as the relative strength index (RSI) and KDJ have entered overbought territory. Price is hugging the upper band, so a pullback to retest support is the realistic near-term path. Record earnings, the Mexico expansion and the investor-day narrative give Nu a fundamental floor, and the golden cross above the zero line keeps the near-term bias constructive. The catch is that two straight heavy sessions have left short-term indicators overbought, so whether the crossover holds is the live question. Watch two things today: whether upside volume continues if the rally extends, and where rate expectations land after the payrolls report. A push on shrinking turnover tends to fizzle, and financial-stock multiples react sharply to rate moves, so the sector's direction will set the stock's near-term pace. If volume dries up or price slips back under the short-term averages, the golden cross loses its footing. Potential swing factors include Nu's 90-day-plus delinquency ratio at 6.9%, Brazil's credit cycle and currency swings, and the noise from insider selling. The trend is up and the pace is fast, so wider swings are worth expecting. *This content is for informational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any security or capital markets product. It has been prepared without regard to your individual investment objectives, financial situation, or particular needs. Investing involves risk, including the possible loss of principal; past performance is not indicative of future results. Longbridge and its affiliates accept no liability for any loss arising from reliance on this material.* ### Related Stocks - [NU.US](https://longbridge.com/en/quote/NU.US.md) ## Related News & Research - [Nu Holdings (NU) Could Be 36% Undervalued On Q1 Revenue Beat](https://longbridge.com/en/news/297678277.md) - [Nu Holdings Announces Investor Day for December 8, 2026 | NU Stock News](https://longbridge.com/en/news/297833769.md) - [Brazil’s Banks Are Embracing Crypto — But They Still Won’t Bet Their Own Money](https://longbridge.com/en/news/298297348.md) - [Nu US CEO, Chief Growth Officer Cristina Junqueira reports Nu common share disposal worth $1.33 million](https://longbridge.com/en/news/297097071.md) - [Will Nu Holdings (NU) Stock Rise or Fall After Q2 2026 Earnings?](https://longbridge.com/en/news/295814798.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**