NASDAQ trade advice (C): US software stock | 6-8% gain | USA stock trading signal on 4 Dec 2024

Date
December 4, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Stock Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Duolingo Incorporation
  • 345 – 360
  • 380 – 388
  • Below 333
  • 6% – 8%
  • 12 - 14 Days
  • Buy
    Duolingo Incorporation
  • Buy
    Range
    345 – 360
  • Target
    380 – 388
  • Stoploss
    Below 333
  • Upside
    Potential
    6% – 8%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Duolingo Incorporation (NASDAQ: DUOL) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • DUOL
  • Duolingo Incorporation
  • Software
  • 364.95
  • 145.05
  • NASDAQ code DUOL
  • Stock Name Duolingo Incorporation
  • Sector Software
  • 52 Weeks High 364.95
  • 52 Weeks Low 145.05
  • Duolingo Incorporation (NASDAQ: DUOL) vs NASDAQ - Relative Strength Comparison

    The image compares Duolingo Incorporation's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    DOUL —   NASDAQ —

  • Duolingo Incorporation (NASDAQ: DUOL) - Technical Analysis (Daily)

    Duolingo Incorporation - Technical Analysis chart on Daily Price and Volume
    Duolingo Incorporation - Technical Analysis chart on Daily Price and Volume

    • After a lengthy phase of consolidation, the price has formed a rectangular pattern.
    • Upon breaking out, it experienced a significant upward movement and is now trading at an all-time high.
    • We expect this rally to continue, propelling the price to reach new peaks.
  • Duolingo Incorporation (NASDAQ: DUOL) - RSI Indicator

    Duolingo Incorporation stock analysis based on RSI indicator
    Duolingo Incorporation - RSI indicator

    • Current RSI of this stock is 71.42, which indicates the strength of buyers.

  • Duolingo Incorporation (NASDAQ: DUOL) - ADX & DI Indicator

    Duolingo Incorporation stock analysis based on ADX & DI indicator
    Duolingo Incorporation - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Duolingo Incorporation (NASDAQ: DUOL) - EMA Crossover

    Duolingo Incorporation stock analysis based on EMA Crossover
    Duolingo Incorporation - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Duolingo Incorporation (NASDAQ: DUOL) Stock Price Forecast

    Based on our premium swing trading recommendations for US stocks, Duolingo Incorporation stock price target will be USD 380 - USD 388 in the next 12-14 trading sessions.

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    Stoploss reached. Trade closed.

    6 days
    18 Dec 2024
    4 Dec 2024
    Loss per
    100,000 SAR
    6 days
    -3,478
    Stop-loss
    18 Dec 2024
    333
    Buy Advice
    4 Dec 2024
    345 - 360
    Target 1
    380
    Target 2
    388
    Profit per
    100,000 SAR
    -3,478
    333
    345 - 360
    380
    388
    6 days
    18 Dec 2024
    4 Dec 2024
    Loss per
    100,000 SAR
    6 days
    -3,478
    Stop-loss
    18 Dec 2024
    333
    Buy Advice
    4 Dec 2024
    345 - 360
    Target 1
    380
    Target 2
    388
    Profit per
    100,000 SAR
    -3,478
    333
    345 - 360
    380
    388
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Duolingo Incorporation
  • 345 – 360
  • 380 – 388
  • Below 333
  • 6% – 8%
  • 12 - 14 Days
  • Buy Duolingo Incorporation
  • Buy
    Range
    345 – 360
  • Target 380 – 388
  • Stoploss Below 333
  • Upside
    Potential
    6% – 8%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Duolingo Incorporation
  • 345 – 360
  • 380 – 388
  • Below 333
  • 6% – 8%
  • 12 - 14 Days
  • Buy
    Duolingo Incorporation
  • Buy
    Range
    345 – 360
  • Target
    380 – 388
  • Stoploss
    Below 333
  • Upside
    Potential
    6% – 8%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Duolingo Incorporation (NASDAQ: DUOL) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • DUOL
  • Duolingo Incorporation
  • Software
  • 364.95
  • 145.05
  • NASDAQ code DUOL
  • Stock Name Duolingo Incorporation
  • Sector Software
  • 52 Weeks High 364.95
  • 52 Weeks Low 145.05
  • Company profile

    Duolingo, Inc. functions as a mobile education platform both in the United States and around the globe, including the United Kingdom. The company provides courses in 40 languages, such as Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese, all accessible via its Duolingo app. Additionally, it offers a digital assessment for English language proficiency. Founded in 2011, Duolingo, Inc. is based in Pittsburgh, Pennsylvania.

  • Duolingo Incorporation (NASDAQ: DUOL) vs NASDAQ - Relative Strength Comparison

    The image compares Duolingo Incorporation's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    DOUL —   NASDAQ —

  • Duolingo Incorporation (NASDAQ: DUOL) - Technical Analysis (Daily)

    Duolingo Incorporation - Technical Analysis chart on Daily Price and Volume
    Duolingo Incorporation - Technical Analysis chart on Daily Price and Volume

    • After a lengthy phase of consolidation, the price has formed a rectangular pattern.
    • Upon breaking out, it experienced a significant upward movement and is now trading at an all-time high.
    • We expect this rally to continue, propelling the price to reach new peaks.
  • Duolingo Incorporation (NASDAQ: DUOL) - RSI Indicator

    Duolingo Incorporation stock analysis based on RSI indicator
    Duolingo Incorporation - RSI indicator

    • Current RSI of this stock is 71.42, which indicates the strength of buyers.

  • Duolingo Incorporation (NASDAQ: DUOL) - ADX & DI Indicator

    Duolingo Incorporation stock analysis based on ADX & DI indicator
    Duolingo Incorporation - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Duolingo Incorporation (NASDAQ: DUOL) - EMA Crossover

    Duolingo Incorporation stock analysis based on EMA Crossover
    Duolingo Incorporation - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Duolingo Incorporation (NASDAQ: DUOL) Stock Price Forecast

    Based on our premium swing trading recommendations for US stocks, Duolingo Incorporation stock price target will be USD 380 - USD 388 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website