ASANA INC - CL A (ASAN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ASAN - US04342Y1047 - Common Stock
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 technical rating of ASAN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.78
When analyzing the support we notice one important area.
- A support zone ranging from 11.90 to 11.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 13.34 to 13.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.42 to 14.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.35 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 | DOWN | NEGATIVE | The short term trend for ASAN is down. |
| ChartMill Relative Strength | 11.59 | NEGATIVE | ASAN has a low relative strength, it was outperformed by 88.41% 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) | 31.2 | NEUTRAL | The RSI value for ASAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests ASAN has a negative trend. |
| Stochastics (14,3) | 7.42 | OVERSOLD | The low Stochastics value suggests ASAN may be oversold. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ASAN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.79 | NEGATIVE | The low ADX value for ASAN suggests a weak or negative trend. |
11.91
-1.05 (-8.1%)
ASANA INC - CL A / ASAN 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.
Can you provide the RSI signal for ASANA INC - CL A?
ASANA INC - CL A (ASAN) has an RSI value of 31.1968. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ASANA INC - CL A?
The buy/sell signal for ASANA INC - CL A (ASAN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ASANA INC - CL A?
ASANA INC - CL A (ASAN) has a support level at 11.9 and a resistance level at 13.34. Check the full technical report for our detailed analysis of ASAN support and resistance levels.