Asana ended Friday at $16.25, a 2.33% increase

Friday at a glance: the digital team enabler rallied 2.33% and maintained $16.25.

Asana, Inc. made an initial breakout above its 10 day Simple Moving Average at $16.39, a potential indicator of a newly emerging bullish phase. Despite this, although Asana is appreciating today after rising as high as $16.57, price action is now slowing and consolidating around 31 cents below the $16.56 resistance level.

Overall, looking at the technical analysis landscape, it seems Asana might continue pointing upwards in the short term.

This rally in Asana's share price coincided with other technology stocks as Apple was up 4.69%. Adobe was up 3.74%. Texas Instruments gained 2.96%, as it traded at $165.82.

Trending downwards for around a month. The web and mobile application developer has fallen back around 44.69% from the significant high of $28.71 set 7 months ago.