Duolingo, Inc. (DUOL) stock slipped lower in its latest intraday trading, with the short-term corrective bearish trend remaining in control as trading moves along a downward slope line that supports this path. Negative pressure also continues from trading below its previous 50-day SMA, while additional bearish signals are appearing in the Stochastic indicators, despite being in oversold territory.
Therefore, we expect the stock to decline in its upcoming trading, as long as it remains stable below 337.80, to then target the key support level of 262.70.
Todays price forecast: Bearish.