SaaS Companies Figma, Duolingo and Monday.com See Significant Declines

The significant downturns in the SaaS sector could also negatively impact Adobe. A 24‑hour decline of 6.9% and the price trading below the 20‑ and 50‑period simple moving averages indicate short‑term selling pressure. The RSI at 25 suggests an oversold region, which could provide a short‑term recovery potential. However, sector sensitivity and negative news flow increase the likelihood of the price remaining below the 20‑ and 50‑period SMAs. Therefore, a downward move is more likely over a 1‑ to 3‑day horizon.

Duolingo's last closing price was $89.08, marking a decline of 10.4% over the past 24 hours. The RSI stands at 24.25, indicating oversold territory, while the MACD is negative and below its signal line. Trading above both the 20-day and 50-day moving averages is increasing short-term downward pressure. This news may weaken investor confidence, making it likely for the price to continue falling over the next 1-3 days. However, the oversold RSI level could also signal a potential short-term recovery.

Monday.com fell 7.8% within 24 hours, with its price slipping below both the 20‑ and 50‑day moving averages. The Relative Strength Index (RSI) sits at 26.2, placing the stock in an oversold region, while the MACD remains negative and below its signal line, reinforcing the downward trend. Significant declines across various SaaS firms have heightened sector‑wide risk sentiment, potentially driving Monday.com’s price lower in the short term. Nevertheless, the low RSI level leaves room for a short‑term rebound. Overall, the current news and technical indicators increase the likelihood of a price decline over the next 1–3 days.