ASANA INC - CL A (ASAN) Stock Technical Analysis
USA - NYSE:ASAN - US04342Y1047 - Common Stock
We assign a technical rating of 5 out of 10 to ASAN. ASAN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, ASAN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.33, a Stop Loss order could be placed below this zone.
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12.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.06 to 14.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.14 to 13.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.79 to 12.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.58 to 14.59. This zone is formed by a combination of multiple trend lines 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 | 67.32 | NEUTRAL | ASAN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ASAN is above the rising 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) | 54.17 | NEUTRAL | The RSI value for ASAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ASAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.43 | NEUTRAL | The Stochastics value for ASAN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ASAN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.09 | NEGATIVE | The low ADX value for ASAN suggests a weak or negative trend. |
14.58
-0.06 (-0.41%)
ASANA INC - CL A / ASAN FAQ
What is the technical rating for ASAN stock?
ChartMill assigns a technical rating of 5 / 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 54.1727. 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 0.0399368, indicating a bearish trend.