ASANA INC - CL A (ASAN) Stock Technical Analysis
NYSE:ASAN - New York Stock Exchange, Inc. - US04342Y1047 - Common Stock - Currency: USD
Taking everything into account, ASAN scores 1 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
69% of all other stocks performed better in the past year than ASAN.
ASAN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month ASAN has a been trading in the 13.00 - 16.42 range, which is quite wide. It is currently trading near the high of this range.
ASAN has an average volume of 3329340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ASAN is part of the Software industry. There are 281 other stocks in this industry, ASAN did better than 53% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, ASAN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 16.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.74, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.98
22.41
3 important support areas can be observed.
- A support zone ranging from 14.60 to 14.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.77 to 13.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.11 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 16.15 to 16.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.96 from a trend line in the daily time frame.
- Resistance @22.19 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.78
Mansfield0.57
10 Day High16.33
10 Day Low14.03
20 Day High16.42
20 Day Low13
52 Week High27.77
52 Week Low11.05
Performance
1 Week6.75%
2 Weeks2.87%
1 Month5.42%
3 Month-24.37%
6 Month26.29%
12 Month2.67%
2 Year-0.25%
3 Year-39.78%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.23
RSI(14)55.02
LBB14.3
UBB16.6
16.14
+0.06 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.37%
1 Week6.75%
2 Weeks2.87%
1 Month5.42%
3 Month-24.37%
6 Month26.29%
12 Month2.67%
2 Year-0.25%
3 Year-39.78%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%6.62%
ATR Inc-42.38%
Range Today0.73
ADR(20)0.97
ADR(20)%6.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.78
Mansfield0.57
10 Day High16.33
10 Day Low14.03
20 Day High16.42
20 Day Low13
52 Week High27.77
52 Week Low11.05
CS1 End14.74
CR1 Start16.15
Volume & EV
DER(3)2.79%
DER(5)0.62%
Volume2.08M
Volume Incr-32.92%
Vol(5)1.93M
Vol(50)3.33M