Falling for six consecutive days, Asana ended the session at $22.53 (down 0.92%)

Yesterday at a glance: despite the risk-off mood, Asana was range-bound between $22.21 to $22.89 and settled at $22.53.

Amid the market gloom, United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 166,500, while the previous figure was 155,100. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 163,000, while the previous figure was 160,200.

Asana, Inc. could begin to recover as it approaches significant support, now 33 cents away from $22.2. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Asana peaked above its 21 day Simple Moving Average around $22.82 — typically an early indicator of a new bullish trend beginning to emerge.

Technical analysis shows that Asana (currently on a downtrend) might reverse course and start going up in the short term.

Asana was not the only decliner in the technology sector; Accenture plc Class A (Ireland) went down to $298.43, losing 2.87% after it closed at $307.25 yesterday. Sony Group Corporation went down 2.86%, closed at $93.82. Texas Instruments went down 2.87%, closed at $172.63.

Asana hit a significant low of $11.78 around 5 months ago, but has since recovered 93.04%.