ASANA INC - CL A (ASAN) Stock Technical Analysis
NYSE:ASAN • US04342Y1047
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 96% of all other stocks performed better in the past year than ASAN.
- ASAN is part of the Software industry. There are 276 other stocks in this industry, of which 80% are performing better than ASAN.
- ASAN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ASAN has a been trading in the 7.14 - 11.63 range, which is quite wide. It is currently trading near the lows of this range.
- ASAN has an average volume of 4406020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ASAN has a poor technical rating and the quality of the setup is also only medium 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
7.19
When analyzing the resistance we notice 7 important areas.
- Resistance @7.62 from a horizontal line in the daily time frame.
- Resistance @9.43 from a trend line in the daily time frame.
- Resistance @12.68 from a trend line in the weekly time frame.
- Resistance @13.39 from a trend line in the weekly time frame.
- Resistance @13.64 from a trend line in the daily time frame.
- A resistance zone ranging from 14.58 to 14.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
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 | 4.58 | NEGATIVE | ASAN has a low relative strength, it was outperformed by 95.42% 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) | 21.24 | OVERSOLD | The low RSI value suggests ASAN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ASAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.49 | OVERSOLD | The low Stochastics value suggests ASAN may be oversold. |
| Average True Range in percent/ATR (20) | 8.32 | HIGH VOLATILITY | The high ATR as a percentage value for ASAN suggests high volalility. |
| Average Directional Index/ADX (14) | 45.52 | POSITIVE | The high ADX value value for ASAN suggests a strong trend. |
7.26
-0.19 (-2.55%)
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 21.2427. This indicates that the stock is currently oversold.
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 resistance level at 7.62. Check the full technical report for our detailed analysis of ASAN support and resistance levels.