ASANA INC - CL A (ASAN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ASAN - US04342Y1047 - Common Stock
Taking everything into account, ASAN scores 4 out of 10 in our technical rating. In the past year, ASAN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
ASAN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
12.03
2 important support areas can be observed.
- Support @14.13 from a horizontal line in the daily time frame.
- A support zone ranging from 12.15 to 12.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.45 to 14.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.20 to 15.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ASAN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASAN is up. |
| ChartMill Relative Strength | 17.02 | NEGATIVE | ASAN has a low relative strength, it was outperformed by 82.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ASAN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.86 | NEUTRAL | The RSI value for ASAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ASAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.24 | NEUTRAL | The Stochastics value for ASAN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for ASAN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.87 | POSITIVE | The high ADX value value for ASAN suggests a strong trend. |
14.28
+0.14 (+0.99%)
ASANA INC - CL A / ASAN FAQ
What is the technical rating for ASAN stock?
ChartMill assigns a technical rating of 4 / 10 to ASAN.
What is the trend direction for ASAN stock?
The current trend direction for ASANA INC - CL A (ASAN) is Bearish.
Can you provide the RSI signal for ASANA INC - CL A?
ASANA INC - CL A (ASAN) has an RSI value of 56.8648. This indicates that the stock is currently neutral.
What is the MACD signal for ASAN stock?
The MACD indicator for ASANA INC - CL A (ASAN) has a value of 0.117038, indicating a bearish trend.