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ASANA INC - CL A (ASAN) Stock Technical Analysis

NYSE:ASAN - New York Stock Exchange, Inc. - US04342Y1047 - Common Stock

19.34  -0.49 (-2.47%)

Premarket: 19.48 +0.14 (+0.72%)

Technical Rating and Analysis

7

Taking everything into account, ASAN scores 7 out of 10 in our technical rating. In the last year, ASAN was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month ASAN has a been trading in the 18.43 - 26.60 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ASAN is part of the Software industry. There are 285 other stocks in this industry. ASAN outperforms 70% of them.
ASAN has an average volume of 3855190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ASAN did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ASAN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASAN is lagging the market.
Weekly and Daily overview Charts
ASAN Weekly chart
ASAN Daily chart
Setup Rating and Analysis

3

Although ASAN has an excellent technical rating, it does not offer a high quality setup 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.

Support and Resistance Analysis

11.26

20.03

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 19.13 to 19.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 18.37 to 18.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @11.37 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 19.80 to 19.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.06
Mansfield1.47
10 Day High23.03
10 Day Low18.43
20 Day High26.6
20 Day Low18.43
52 Week High27.77
52 Week Low11.05
Performance
1 Week0.57%
2 Weeks-2.57%
1 Month-26.52%
3 Month58.01%
6 Month34.21%
12 Month6.56%
2 Year24.77%
3 Year-63.15%
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)-0.4
RSI(14)46.82
LBB18.25
UBB21.8
ASAN Daily chart

ASANA INC - CL A

NYSE:ASAN (1/17/2025, 8:04:00 PM)

Premarket: 19.48 +0.14 (+0.72%)

19.34

-0.49 (-2.47%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.47%
1 Week0.57%
2 Weeks-2.57%
1 Month-26.52%
3 Month58.01%
6 Month34.21%
12 Month6.56%
2 Year24.77%
3 Year-63.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%6.84%
ATR Inc-43.15%
Range Today0.92
ADR(20)1.17
ADR(20)%6.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.06
Mansfield1.47
10 Day High23.03
10 Day Low18.43
20 Day High26.6
20 Day Low18.43
52 Week High27.77
52 Week Low11.05
CS1 End19.23
CR1 Start19.8
Volume & EV
DER(3)-4.91%
DER(5)-2.75%
Volume3.06M
Volume Incr-43.88%
Vol(5)2.51M
Vol(50)3.86M