After four days of persistent declines, Asana was flat yesterday

The US stock market is closed for the Good Friday holiday and resumes Monday. Meanwhile, here is a recap of yesterday: without a clear direction, Asana closed at $19.42 while ranging between $18.93 and $19.89.

Asana's state is reflected by market data as data for United States Unemployment Rate published today at 12:30 UTC came out at 3.5, beating projections of 3.6 and showing improvement over the preceding figure of 3.6. United States Non Farm Payrolls fell short of the 239,000 projections, with new data of 236,000. Highly important Initial Jobless Claims data from United States beat analyst expectations of 200,000 with a reading of 228,000.

Support/Resistance levels obtained from chart analysis indicate that after reaching the $18.94 support zone, Asana, Inc. bounced and climbed 48 cents above it. Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Asana's upper Bollinger Band® is at $22.35 and the lower is $18.91.

The current technical outlook indicates Asana will continue to ebb sideways within tight ranges for the immediate future.

Meanwhile, mixed performances were seen by other technology stocks as Microsoft traded at $291.6 after closing yesterday's trading day at $284.34 (up 2.55%). Intuit was up 1.91%. IBM closed at $130.5 (down 1.24%).

The web and mobile application developer is up 65.87% from the significant low of $11.78 it hit 2 months ago.