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June 26, 2023
A quick look at Friday: generally flat but with a slight bullish bias, Smartsheet ranged between $37.31 and $38.55 before closing higher at $38.26.
A study of Smartsheet's historical price actions shows although Smartsheet Inc. is appreciating today after rising as high as $38.55, price action is now slowing and consolidating around 51 cents below the $38.77 resistance level.
Smartsheet went up Friday, yet these technology stocks did not follow — Accenture plc Class A (Ireland) went down to $298.43, losing 2.87% after it closed at $307.25 Friday. Sony Group Corporation closed at $91.14 (down 2.86%). Texas Instruments dips 2.87% Friday to close at $172.63.
Friday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Consumer Confidence is projected to outperform its last figure with 104, having previously been at 102.3. The figure will be published tomorrow at 14:00 UTC.
Furthermore, the market is looking at United States Building Permits will be released tomorrow at 12:00 UTC. United States New Home Sales (May) is scheduled for tomorrow at 14:00 UTC.
The project management software company reached a significant high of $51.66 around 20 days ago but has lost 26.5% since then.
