After United States JOLTs Job Openings (Apr), Smartsheet trades at $48.38

After closing at $48.08 yesterday, Smartsheet began today at $48.12 with significant bullish sentiment driving Smartsheet's price action higher. So far today, price action has drawn out a distinct $48.12 to $49.64 range.

• Smartsheet is currently trading at $48.38 following the release of JOLTs Job Openings (Apr) data from the United States.
• Today's gains are adding to Smartsheet's a 17 day bullish trend, during which it gained a total of $8.95.

United States JOLTs Job Openings (Apr) released today at 14:00 UTC with a figure of 10.10 million, while the previous figure was 9.74 million. Highly important Consumer Confidence data from United States beat analyst expectations of 99 with a reading of 102.3.

Smartsheet Inc.'s upper Bollinger Band® is at $50.95, this is a slight indication of a slowdown. After reaching the known resistance zone beginning at $49.3, Smartsheet price action retreated approximately 92 cents.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Smartsheet is set for a reversal in the coming days.

United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million. It previously stood at -12.46 million; data will be released tomorrow at 15:00 UTC. United States ADP Nonfarm Employment Change (May) is scheduled for tomorrow at 12:15 UTC.

Intel is up 4.21% to $31.25. TSM is down to $98.75, losing 3.17%, after ending yesterday at $102. Qualcomm is down to $112.26, losing 2.55%, after ending yesterday at $115.2.

The US software company is now trading 85.42% above the significant low ($25.93) it slumped to 6 months ago.