ASANA INC - CL A (ASAN) Stock Technical Analysis
NYSE:ASAN - New York Stock Exchange, Inc. - US04342Y1047 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ASAN. ASAN was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
When comparing the yearly performance of all stocks, ASAN is a bad performer in the overall market: 72% of all stocks are doing better.
In the last month ASAN has a been trading in the 18.41 - 24.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ASAN has an average volume of 3328480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ASAN is part of the Software industry. There are 283 other stocks in this industry, ASAN did better than 52% of them.
ASAN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASAN is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
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
11.26
23.60
We found 2 important support areas.
- A support zone ranging from 18.55 to 18.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @23.37 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.72
Mansfield1.43
10 Day High23.8
10 Day Low18.41
20 Day High24.5
20 Day Low18.41
52 Week High27.77
52 Week Low11.05
Performance
1 Week-6.36%
2 Weeks-20.24%
1 Month-13.03%
3 Month-16.36%
6 Month57.56%
12 Month-2.16%
2 Year-12.16%
3 Year-53.57%
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)-0.49
RSI(14)37.29
LBB17.39
UBB25.03
18.56
-0.69 (-3.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.58%
1 Week-6.36%
2 Weeks-20.24%
1 Month-13.03%
3 Month-16.36%
6 Month57.56%
12 Month-2.16%
2 Year-12.16%
3 Year-53.57%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.32
ATR(20)%6.98%
ATR Inc-37.03%
Range Today1.15
ADR(20)1.24
ADR(20)%6.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.72
Mansfield1.43
10 Day High23.8
10 Day Low18.41
20 Day High24.5
20 Day Low18.41
52 Week High27.77
52 Week Low11.05
CS1 End18.55
CR1 Start23.37
Volume & EV
DER(3)3.52%
DER(5)1.02%
Volume2.16M
Volume Incr-39.43%
Vol(5)2.02M
Vol(50)3.33M