A quick look at yesterday: Asana closed Friday at $19.22. yesterday, it gained 5.62% and remained around $20.3.
At the same time, United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
Asana, Inc. made an initial breakout above its 3 day Simple Moving Average at $20.41, a potential indicator of a newly emerging bullish phase. Despite this, although Asana is appreciating today after rising as high as $21, price action is now slowing and consolidating around 52 cents below the $20.82 resistance level.
Overall, looking at the technical analysis landscape, it seems Asana might continue pointing upwards in the short term.
A look at other technology stocks also showed bullish price action as Microsoft was up 3.92%. Intuit added 6.22% to its value, and traded at $403.74. Accenture plc Class A (Ireland) was up 3.76%.
Furthermore, the market is looking at United States Crude Oil Inventories projected to decline to 1.55 million while previous data was 9.88 million; data will be released tomorrow at 14:30 UTC.
Also worthy of note, United States Building Permits (Sep) is scheduled for tomorrow at 12:30 UTC.
Asana reached a significant high of $142.68 around 11 months ago but has lost 86.53% since then.