DUOLINGO (DUOL) Stock Technical Analysis
NASDAQ:DUOL - Nasdaq - US26603R1068 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to DUOL. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month DUOL has a been trading in the 470.15 - 540.30 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, DUOL did better than 97% of all other stocks. We also observe that the gains produced by DUOL over the past year are nicely spread over this period.
DUOL is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 94% of 72 stocks in the same industry.
DUOL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DUOL is performing more or less in line with the market.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Besides having an excellent technical rating, DUOL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
276.95
483.26
We found 3 important support areas.
- A support zone ranging from 473.77 to 478.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @332.91 from a trend line in the weekly time frame.
- Support @279.75 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DUOL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DUOL is down. |
| ChartMill Relative Strength | 97.74 | POSITIVE | DUOL has a high relative strength, it outperformed 97.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DUOL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DUOL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DUOL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.41 | NEUTRAL | The RSI value for DUOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -10.74 | NEGATIVE | The MACD value suggests DUOL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.25 | OVERSOLD | The low Stochastics value suggests DUOL may be oversold. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for DUOL suggests some volalility. |
| Average Directional Index/ADX (14) | 32.64 | POSITIVE | The high ADX value value for DUOL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 501.27 | 473.76 | 27.51 (5.49%) | 18.22% |
| An entry @501.27. This is a Buy Stop order right above the 10 day moving average. | An exit @473.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 27.51 points, which is 5.49%. | For a 1.00% total portfolio risk, you can invest 18.22% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DUOL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
478.48
-3 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-0.62%
1 Week-6.72%
2 Weeks-7.92%
1 Month-9.81%
3 Month68.75%
6 Month41.53%
12 Month140.27%
2 Year234.74%
3 Year446.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)18.72
ATR(20)%3.71%
ATR Inc-30.44%
Range Today13.95
ADR(20)17.6
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.74
Mansfield4.48
10 Day High540.3
10 Day Low470.15
20 Day High540.3
20 Day Low470.15
52 Week High544.93
52 Week Low145.05
CS1 End478.47
CR1 StartN/A
Volume & EV
DER(3)2.37%
DER(5)1.68%
Volume550.60K
Volume Incr19.77%
Vol(5)862.30K
Vol(50)904.24K