ASAN Technical Analysis - ASANA INC - CL A

Technical Rating and Analysis

Taking everything into account, ASAN scores 2 out of 10 in our technical rating. ASAN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

ASAN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month ASAN has a been trading in the 13.18 - 15.71 range, which is quite wide. It is currently trading near the lows of this range.

ASAN has an average volume of 3893350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, ASAN outperforms 58% of them, which is more or less in line with the market.

ASAN is an average performer in the Software industry, it outperforms 55% of 280 stocks in the same industry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ASANA INC - CL A / ASAN Weekly stock chart

ASANA INC - CL A / ASAN Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, ASAN does present a nice setup opportunity. Prices have been consolidating lately.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

12.51

15.51

When analyzing the support we can see 2 important areas.

Support @13.14 from a horizontal line in the weekly time frame.
A support zone ranging from 12.64 to 12.93. This zone is formed by a combination of multiple trend lines in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 14.00 to 14.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @15.02 from a horizontal line in the weekly time frame.
Resistance @15.36 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for ASAN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ASAN is down.
ChartMill Relative Strength	58.74	NEUTRAL	ASAN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ASAN is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ASAN is below 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)	47.84	NEUTRAL	The RSI value for ASAN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests ASAN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	17.75	OVERSOLD	The low Stochastics value suggests ASAN may be oversold.
Average True Range in percent/ATR (20)	4.55	MEDIUM VOLATILITY	The ATR as a percentage value for ASAN suggests some volalility.
Average Directional Index/ADX (14)	9.63	NEGATIVE	The low ADX value for ASAN suggests a weak or negative trend.