ASAN Technical Analysis - ASANA INC - CL A

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to ASAN. ASAN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

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.

In the last month ASAN has a been trading in the 13.11 - 14.80 range, which is quite wide. It is currently trading near the lows of this range.

ASAN has an average volume of 3902770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, ASAN outperforms 58% of them, which is more or less in line with the market.

ASAN is part of the Software industry. There are 281 other stocks in this industry, ASAN did better than 57% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ASANA INC - CL A / ASAN Weekly stock chart

ASANA INC - CL A / ASAN Daily stock chart

Setup Rating and Analysis

ASAN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 13.31, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

12.51

15.51

2 important support areas can be observed.

A support zone ranging from 13.15 to 13.31. This zone is formed by a combination of multiple trend lines 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.

3 important resistance areas can be observed.

A resistance zone ranging from 13.75 to 14.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @15.02 from a horizontal line in the weekly time frame.
Resistance @15.36 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	58.88	NEUTRAL	ASAN is not amongst the best or worst performers 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)	44.69	NEUTRAL	The RSI value for ASAN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests ASAN has a negative trend.
Stochastics (14,3)	16.41	OVERSOLD	The low Stochastics value suggests ASAN may be oversold.
Average True Range in percent/ATR (20)	4.17	MEDIUM VOLATILITY	The ATR as a percentage value for ASAN suggests some volalility.
Average Directional Index/ADX (14)	10.63	NEGATIVE	The low ADX value for ASAN suggests a weak or negative trend.