Technical Analysis for TEAM - Atlassian Corporation Plc

Grade Last Price % Change Price Change
F 183.55 6.24% 10.78
TEAM closed up 6.24 percent on Thursday, May 2, 2024, on 1.88 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
9 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Earnings Movers Other 0.00%
Multiple of Ten Bullish Other 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish 6.24%
Slingshot Bearish Bearish Swing Setup 6.24%
Calm After Storm Range Contraction 6.24%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 14 hours ago
Up 5% about 16 hours ago
Up 1 ATR about 16 hours ago
Gapped Up (Full) about 16 hours ago
Rose Above Previous Day's High about 16 hours ago

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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 4 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 4 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 4 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 258.69
52 Week Low 128.02
Average Volume 1,705,737
200-Day Moving Average 201.75
50-Day Moving Average 197.86
20-Day Moving Average 193.36
10-Day Moving Average 186.78
Average True Range 8.52
RSI (14) 42.86
ADX 26.12
+DI 19.44
-DI 34.65
Chandelier Exit (Long, 3 ATRs) 191.91
Chandelier Exit (Short, 3 ATRs) 193.75
Upper Bollinger Bands 215.33
Lower Bollinger Band 171.39
Percent B (%b) 0.28
BandWidth 22.73
MACD Line -5.83
MACD Signal Line -3.97
MACD Histogram -1.861
Fundamentals Value
Market Cap 28.88 Billion
Num Shares 157 Million
EPS -1.49
Price-to-Earnings (P/E) Ratio -123.19
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) 198.52
Resistance 3 (R3) 197.89 192.27 196.03
Resistance 2 (R2) 192.27 188.46 192.59 195.19
Resistance 1 (R1) 187.91 186.10 190.09 188.54 194.36
Pivot Point 182.29 182.29 183.38 182.61 182.29
Support 1 (S1) 177.93 178.48 180.11 178.56 172.74
Support 2 (S2) 172.31 176.12 172.63 171.91
Support 3 (S3) 167.95 172.31 171.08
Support 4 (S4) 168.58