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March 13, 2023
Asana traded at $19.15 after making its biggest single-day drop of $2.02 (9.54%) since October 2022.
Asana, Inc. made an initial break below its 200 day Simple Moving Average at $18.82, a possible indication of a forthcoming negative trend. Asana's upper Bollinger Band® is at $19.93 which indicates a further downward move may follow. Despite this, Asana could begin to recover as it approaches significant support, now $1.08 away from $18.07. Dipping below could be an indication that further losses are ahead.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Asana.
Asana was not the only decliner in the technology sector; Accenture plc Class A (Ireland) went down to $252.95, losing 2.62% after it closed at $259.76 Friday. Oracle closed at $84.07 (down 3.22%). Intuit closed at $392.61 (down 2.96%).
Furthermore, United States Consumer Price Index figure is projected at 0.4%. It previously stood at 0.5%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 6%. It previously stood at 6.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
The digital team enabler has recovered 79.71% since descending to a significant low of $11.78 around 2 months ago.
