Asana closed at $21.76 after losing 2.16% Friday

A quick look at Friday: during Friday's session, Asana toiled and struggled for upward momentum before closing at $21.76. By the close, the the digital team enabler suffered a 48 cents or 2.16% loss.

Trend and momentum analysis indicates that 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. According to asset volatility analysis, Asana's upper Bollinger Band® is at $21.21 which indicates a further downward move may follow.

All in all, the technical analysis suggests Asana has no clear-cut direction.

Asana was not the only decliner in the technology sector; Accenture plc Class A (Ireland) went down 1.15%, closed at $252.92.

On the other hand, positive performances could be seen by looking at other technology stocks as Microsoft was up 1.17%. Adobe traded at $358.14 after closing Friday's trading day at $353.29 (up 1.37%).