Duolingo: double bottom, trend fading, week 6
Duolingo slips 0.8%: a bounce off the lows, but the trend is losing conviction
Duolingo: double bottom, trend fading, week 6
Our view last week
Duolingo is in the 5th week of a buy signal, with the trade already up 12.93% from entry. The signal strength is high, at 70 out of 100, but it's a magnitude to manage with discipline: the profile remains high conviction with elevated volatility. The stop has already been moved to breakeven, zeroing out the position's risk, with just 1 week left to the first active management window.
This week's summary
Duolingo shares bounced 14% off a double bottom in the 106 area, but the week closed down 0.8% as sellers dominated the last session by a wide margin. In our weekly technical analysis the trend is losing conviction — ADX declining, MACD worsening — while the trade stays up 12% since entry.
IQS Phase
49
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#59 / 129
US stocks in progress
Trade P&L %
+12.03%
from signal to today
restricted Platinum content