Technical Analysis for TEAM - Atlassian Corporation Plc

Grade Last Price % Change Price Change
A 260.58 2.60% 6.61
TEAM closed up 2.6 percent on Friday, November 22, 2024, on approximately normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Stochastic Reached Overbought Strength 2.60%
Multiple of Ten Bullish Other 2.60%
Wide Bands Range Expansion 2.60%
Overbought Stochastic Strength 2.60%
Wide Bands Range Expansion 6.16%
Outside Day Range Expansion 5.19%

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Profile

Atlassian Corporation Plc designs, develops, licenses, and maintains software, as well as provides software hosting services worldwide. The company offers JIRA, a team planning and project management platform; Confluence, a team content creation and sharing solution; HipChat, a team messaging and communications tool; and Bitbucket, a team code sharing and management software, as well as JIRA Service Desk for team services and support applications. Its products enable teams to organize, discuss and complete shared work. Atlassian Corporation Plc was founded in 2002 and is headquartered in Sydney, Australia.
Classification

Sector: Technology
Industry: Software - Application
Keywords: Computing Nasdaq 100 Software Software As A Service Project Management Work From Home Web Application Instant Messaging Project Management Software Content Creation Communications Tool

Is TEAM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

T

TraderMike 11 months ago

This has been on my watchlist for a few weeks.  I didn't participate in the December rally but I'm liking this pullback.   Let's see if the 20 DMA can become support

0 Reply
S

SwingScalp 11 months ago

I had it on my shorts watchlist to kick off the new year and have been riding the downdraft in it and other high-flyer software/cloud names.  Until the rotation out of the XLK names into XLV, XLE, etc. stops, then I think there is more room for the XSW and the Semis to go lower.

0 Reply
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TraderMike 11 months ago

Nice catch on the short!  I had a pretty long watchlist of potential shorts at the end of December -- so many parabolic charts & long upper Bollinger Band Walks to choose from.  I managed to nail MARA on the 28th & closed it out on the 29th.  Haven't shorted anything yet this year but I'm on the lookout for some weak bounces in certain names.

1 Reply

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Indicators

Indicator Value
52 Week High 261.95
52 Week Low 135.29
Average Volume 2,193,739
200-Day Moving Average 183.86
50-Day Moving Average 196.47
20-Day Moving Average 230.10
10-Day Moving Average 248.04
Average True Range 8.58
RSI (14) 75.85
ADX 55.95
+DI 45.17
-DI 9.84
Chandelier Exit (Long, 3 ATRs) 236.20
Chandelier Exit (Short, 3 ATRs) 213.12
Upper Bollinger Bands 275.75
Lower Bollinger Band 184.45
Percent B (%b) 0.83
BandWidth 39.68
MACD Line 17.13
MACD Signal Line 16.46
MACD Histogram 0.6651
Fundamentals Value
Market Cap 41.01 Billion
Num Shares 157 Million
EPS -1.49
Price-to-Earnings (P/E) Ratio -174.89
Price-to-Sales 14.02
Price-to-Book 62.79
PEG Ratio 3.77
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 273.62
Resistance 3 (R3) 272.62 267.29 271.44
Resistance 2 (R2) 267.29 263.97 267.78 270.72
Resistance 1 (R1) 263.93 261.92 265.61 264.93 269.99
Pivot Point 258.60 258.60 259.44 259.09 258.60
Support 1 (S1) 255.24 255.28 256.92 256.24 251.17
Support 2 (S2) 249.91 253.23 250.40 250.44
Support 3 (S3) 246.55 249.91 249.72
Support 4 (S4) 247.55