Asana closes at $17.22, increasing by 58 cents and adding one more to its four straight day of gains

Yesterday at a glance: having closed Friday at $16.64, bullish sentiment helped Asana to reach highs around $17.68 before paring gains and ending yesterday at $17.22.

United States Fed Chair Powell testimony is next today at 15:00 UTC.

Meanwhile, data from United States concerning Factory Orders was released yesterday at 15:00 UTC. Newly published figures emphasized continued decline from last month's figure of 1.7% to -1.6% this month.

A study of Asana's chart reveals various key levels to watch: Asana, Inc. could be slowing down soon as it approaches resistance at $17.73. Of course, crossing it might suggest further gains are ahead. Technical analysis trend indicators suggest that investors are seeking long positions as Asana price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Asana's upper Bollinger Band® is at $17.38, this is a slight indication of a slowdown.

Overall, while Asana has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

A look at other technology stocks also showed bullish price action as Apple traded at $153.83 after closing yesterday's trading day at $151.03 (up 1.85%). SAP added 2.42% to its value, and traded at $119.73.

While Asana was bullish yesterday, the following technology stocks underperformed: ASML Holding lost 2.57% yesterday and closed at $620.97.

Furthermore, the market is looking at United States Crude Oil Inventories projected to decline to -308,000 while previous data was 1.17 million; data will be released tomorrow at 15:30 UTC.

Also worthy of note, United States ADP Nonfarm Employment Change (Feb) will be released tomorrow at 13:15 UTC. United States JOLTs Job Openings (Jan) is scheduled for tomorrow at 15:00 UTC.

The digital team enabler reached a significant high of $48.81 around 11 months ago but has lost 65.91% since then.