Exploring NASDAQ:DUOL's high growth characteristics.

Our stock screener has detected a potential breakout setup on DUOLINGO (NASDAQ:DUOL). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NASDAQ:DUOL.

Insights from Technical Analysis

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Overall DUOL gets a technical rating of 8 out of 10. In the last year, DUOL was one of the better performers, but we do observe some doubts in the very recent evolution.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• Looking at the yearly performance, DUOL did better than 89% of all other stocks.
• DUOL is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 81% of 70 stocks in the same industry.
• DUOL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DUOL is lagging the market slightly.
• In the last month DUOL has a been trading in the 318.03 - 374.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of DUOL for a complete technical analysis.

How does the Setup look for NASDAQ:DUOL

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:DUOL has a 7 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, DUOL also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 334.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DUOL in the last couple of days, which is a good sign.

What matters for high growth investors.

• The recent financial report of DUOLINGO demonstrates a 717.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The recent q2q revenue growth of 39.94% of DUOLINGO showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• With impressive 1-year revenue growth of 42.48%, DUOLINGO showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• The quarterly earnings of DUOLINGO have shown a 717.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• accelerating EPS growth for DUOLINGO: the current Q2Q growth of 717.0% exceeds the previous year Q2Q growth of 113.0%.
• DUOLINGO has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• DUOLINGO has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• DUOLINGO has a healthy Return on Equity(ROE) of 10.55%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• DUOLINGO exhibits a favorable Debt-to-Equity ratio at 0.0. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• DUOLINGO has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• The Relative Strength (RS) of DUOLINGO has been consistently solid, with a current 89.69 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. DUOLINGO exhibits strong prospects for further price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.