As the current session draws to a close, the web and mobile application developer remains in the $16.26 – $17.14 range after closing yesterday at $17.27 and dropping by 5%.

United States's Consumer Confidence new data released of 101.3 below its previous figure.

United States Consumer Confidence published today at 14:00 UTC came out at 101.3, falling short of the 104 projections and continuing its decline from the previous 104 figure.

Meanwhile, United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000. United States Building Permits released today at 12:10 UTC with a figure of 1.43 million, while the previous figure was 1.55 million.

Trend and momentum analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Analysis based on the asset volatility indicates that Asana's lower Bollinger Band® is at $16.81, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Following today's trading session, chart analysis suggests Asana reversed direction at $16.77 support zone and climbed 36 cents above it.

With market volatility ebbing, the current technical outlook indicates Asana will remain range-bound for the immediate future.

Asana's stock value drop coincides with Intuit is down 5.05% from the beginning of the session and now trades around $420. Texas Instruments is down to $170.53, losing 3.05%, after ending yesterday at $175.9. ASML Holding is down to $608.38, losing 3.03%, after ending yesterday at $627.38.

Looking ahead, ongoing depreciation may be prolonged as projections for United States Core Durable Goods Orders are set for a continuation of decline with -0.2% while previous data was -0.1%; data will be released tomorrow at 12:30 UTC.

Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million. It previously stood at -4.58 million; data will be released tomorrow at 14:30 UTC.

On a negative trend for around a month. Asana hit a significant low of $11.78 around 3 months ago, but has since recovered 46.6%.