Duolingo, Inc.

Duolingo Indicators Are Flashing Red

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As an update, Duolingo appears to be testing the limits of its rising wedge pattern.

Mathematically speaking, when the price breaks out of this pattern, a 27.52% move is in store. If it happens soon, this would line up very well with where most analyst price targets are located ($145 range).

Other significant indicators are also becoming more bearish:
1. The RSI triangle is becoming narrower with a break to the downside likely.
2. The Chaikin Money Flow is showing that investment has been drying up for the last week. DUOL isn't dominated by insiders or institutional investors; the CMF decline represents retail losing confidence in elevated prices.
3. The MACD also had a death cross last Friday and is headed downward.
4. Not shown here, the Schaff Trend Cycle indicated Friday a "Sell Signal", meaning that a significant downturn is in the short-term.

The 3 white circles demonstrate where we should see trendline breaks if a correction were to begin early this week.

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