After three days of persistent declines, Asana was flat yesterday

Yesterday at a glance: without a clear direction, Asana closed at $22.1 while ranging between $21.15 and $22.56.

United States EIA Short-Term Energy Outlook is next.

Uncertainty around Asana is reflected by published market data as United States ISM Non-Manufacturing PMI (May) released yesterday at 14:00 UTC with a figure of 50.3, while the previous figure was 51.9. United States Services PMI came out at 54.9, while a consensus of analysts was expecting 55.1. United States Factory Orders published yesterday at 14:00 UTC came out at 0.4%, falling short of the 1.1% projections and continuing its decline from the previous 0.6% figure.

Asana, Inc. made an initial break below its 10 day Simple Moving Average at $21.51, a possible indication of a forthcoming negative trend. On the other hand, note that Asana is oscillating around the $21.31 level serving as support.

Despite the market lacking direction, technical chart analysis strongly suggests Asana is positioned for a downward move in the near term.

Meanwhile, mixed performances were seen by other technology stocks as Intel went down to $29.86, losing 4.63% after it closed at $31.31 yesterday. Accenture plc Class A (Ireland) falls 2.23% yesterday to close at $311.39. Intuit gained 2.87%, as it traded at $442.84.

Data to be released today might clear up some of the market fog as United States Crude Oil Inventories projected to decline to 1.15 million while previous data was 4.49 million; data will be released tomorrow at 14:30 UTC. United States EIA Short-Term Energy Outlook is scheduled for today at 16:00 UTC.

The stock has been trending positively for about a month. Having set a significant low of $11.78 4 months ago, the digital team enabler is trading 88.46% higher.