Asana lost 1.77% yesterday, closed at $17.22

A quick look at yesterday: the digital team enabler hovered around the $17.22 level after closing Thursday at $17.53 and shedding 1.77%, as it reached reached yesterday's session close.

Amid the market gloom, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 216,600, while the previous figure was 214,800. United States CFTC Gold speculative net positions came out at 195,800. Fresh CFTC Nasdaq 100 speculative net positions data from United States came out at 21,400.

Asana, Inc. made an initial break below its 21 day Simple Moving Average at $17.13, a possible indication of a forthcoming negative trend. On the other hand, note that Asana could begin to recover as it approaches significant support, now 45 cents away from $16.77. Dipping below could be an indication that further losses are ahead.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts Asana to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the digital team enabler is expected to attract significant bearish sentiment in the coming days.

Asana was not the only decliner in the technology sector; Adobe closed at $335.45 (down 1.79%).

On the other hand, positive performances could be seen by looking at other technology stocks as Accenture plc Class A (Ireland) added 1.81% to its value, and traded at $277.19. IBM was up 1.6%.

The digital team enabler has fallen back around 38.94% from the significant high of $28.71 set 7 months ago.