Yesterday at a glance: Asana rises 1.23% to close at $22.24 yesterday.
Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Momentum evaluation shows that the RSI is a momentum oscillator that measures changing price movements on a scale of 0-100. In Asana's case, the index has risen above 70, signalling that the asset is overbought. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $21.35, thereby suggesting that Asana is becoming overvalued.
With market volatility ebbing, the current technical outlook indicates Asana will remain range-bound for the immediate future.
This rally in Asana's share price coincided with other technology stocks as Microsoft traded at $276.2 after closing yesterday's trading day at $265.44 (up 4.05%). Intel gained 6.23%, as it traded at $30.18. Adobe traded at $353.29 after closing yesterday's trading day at $333.61 (up 5.9%).
Asana hit a significant low of $11.78 around 2 months ago, but has since recovered 86.5%.