ASANA INC - CL A (ASAN) Stock Technical Analysis
NYSE:ASAN - New York Stock Exchange, Inc. - US04342Y1047 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ASAN. ASAN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
84% of all other stocks performed better in the past year than ASAN.
ASAN is one of the lesser performing stocks in the Software industry. 60% of 283 stocks in the same industry do better.
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.
ASAN has an average volume of 3686210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ASAN has a been trading in the 12.71 - 15.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ASAN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
12.51
15.51
When analyzing the support we can see 3 important areas.
- Support @13.54 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 14.04 to 14.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.02 to 15.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.36 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for ASAN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASAN is neutral. |
| ChartMill Relative Strength | 16.72 | NEGATIVE | ASAN has a low relative strength, it was outperformed by 83.28% 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) | UP | MIXED | The current price of ASAN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.29 | NEUTRAL | The RSI value for ASAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ASAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.32 | NEUTRAL | The Stochastics value for ASAN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for ASAN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.14 | NEGATIVE | The low ADX value for ASAN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
13.8
-0.32 (-2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.27%
1 Week6.24%
2 Weeks-2.2%
1 Month-8.18%
3 Month-21.01%
6 Month-33.62%
12 Month-0.72%
2 Year-35.78%
3 Year-27.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%4.32%
ATR Inc-19.89%
Range Today0.67
ADR(20)0.56
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.72
Mansfield-2.08
10 Day High14.88
10 Day Low12.71
20 Day High15.67
20 Day Low12.71
52 Week High27.77
52 Week Low11.05
CS1 End13.54
CR1 Start14.04
Volume & EV
DER(3)-2.29%
DER(5)-0.37%
Volume3.05M
Volume Incr-12.69%
Vol(5)3.27M
Vol(50)3.69M