ASANA INC - CL A (ASAN) Technical Analysis
NYSE:ASAN • US04342Y1047
Current stock price
ASAN Technical Rating and Analysis
Overall ASAN gets a technical rating of 0 out of 10. ASAN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 96% of all other stocks performed better in the past year than ASAN.
- ASAN is one of the lesser performing stocks in the Software industry. 78% of 275 stocks in the same industry do better.
- ASAN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ASAN is lagging the market.
- ASAN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ASAN has an average volume of 5839080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ASAN Weekly and Daily overview Charts
ASAN Setup Rating and Analysis
The technical rating of ASAN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ASAN Support and Resistance Analysis
6.27
4 important resistance areas can be observed.
- A resistance zone ranging from 6.34 to 6.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.48 from a trend line in the weekly time frame.
- Resistance @15.01 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 15.35 to 15.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
ASAN 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 | 4.33 | NEGATIVE | ASAN has a low relative strength, it was outperformed by 95.67% off all stocks 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) | DOWN | NEGATIVE | The current price of ASAN is below 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) | 34.44 | NEUTRAL | The RSI value for ASAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ASAN has a positive trend. |
| Stochastics (14,3) | 31.53 | NEUTRAL | The Stochastics value for ASAN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for ASAN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.22 | POSITIVE | The high ADX value value for ASAN suggests a strong trend. |
ASAN Chart- and CandleStick Pattern Analysis
ASAN Technicals: Chart, Performance Metrics, Trend & Indicators
6.33
-0.07 (-1.09%)
ASANA INC - CL A / ASAN TA FAQ
What is the technical rating for ASAN stock?
ChartMill assigns a technical rating of 0 / 10 to ASAN.
Can you provide the trend direction for ASANA INC - CL A?
The current trend direction for ASANA INC - CL A (ASAN) is Bearish.
What is the RSI signal for ASAN stock?
ASANA INC - CL A (ASAN) has an RSI value of 34.4379. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ASANA INC - CL A?
The MACD indicator for ASANA INC - CL A (ASAN) has a value of 0.0547666, indicating a bearish trend.
What is the buy/sell signal for ASANA INC - CL A (ASAN) stock?
The buy/sell signal for ASANA INC - CL A (ASAN) is sell as both the short term and long term trends are negative.