End of a slump? After seven days of going down, Asana up 1.02% today

A quick look at today: Asana spiked to $19.29 today and consolidated before initiating a fresh rally to $18.77. This comes following yesterday's session in which it closed at $18.58.

Asana's uptick comes amid good United States macroeconomic data released during the day — data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 597,000, beating projections of -583,000 and showing improvement over the preceding figure of -3.74 million.

On the flip side, Producer Price Index in United States fell short of market expectations (0.1%) with a reading of -0.5%, continuing the decline from the previous figure of 0%. Data from United States concerning Initial Jobless Claims was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 228,000 to 239,000 this month.

Asana, Inc. is 83 cents away from testing key resistance at $19.6. Peaking above this level could inspire market bulls and open the path to further gains. Despite posting gains on today, Asana slid below its 200 day Simple Moving Average at $18.82 during the last session — an early indicator that a negative trend could be emerging. On the other hand, note that Asana's lower Bollinger Band® is at $18.25, indicating that the market is oversold and fertile for new buyers.

Technical analysis suggests there could be an imminent reversal for Asana.

A look at other technology stocks also showed bullish price action as Apple added 3.41% to its value, and traded at $165.56. Microsoft added 2.24% to its value, and traded at $289.84. Adobe traded at $378.8 after closing today's trading day at $369.89 (up 2.41%).

Also worthy of note, tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.3% from the preceding figure of -0.1%.

Furthermore, the market is looking at United States Retail Sales figure is projected at -0.4%. It previously stood at -0.4%; data will be released tomorrow at 12:30 UTC.

Asana hit a significant low of $11.78 around 3 months ago, but has since recovered 57.72%.