ATLASSIAN CORP-CL A (TEAM) Stock Technical Analysis
NASDAQ:TEAM - Nasdaq - US0494681010 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to TEAM. TEAM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
TEAM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TEAM has a been trading in the 182.09 - 220.30 range, which is quite wide. It is currently trading near the lows of this range.
TEAM has an average volume of 2193600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TEAM outperforms 64% of them, which is more or less in line with the market.
TEAM is part of the Software industry. There are 282 other stocks in this industry, TEAM did better than 60% of them.
The technical rating of TEAM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
181.12
238.58
We found 1 important support area.
- A support zone ranging from 182.95 to 183.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 191.07 to 193.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 199.80 to 203.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @218.60 from a horizontal line in the daily time frame.
- Resistance @236.22 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for TEAM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TEAM is down. |
| ChartMill Relative Strength | 64.42 | NEUTRAL | TEAM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TEAM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TEAM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TEAM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.37 | NEUTRAL | The RSI value for TEAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.22 | NEGATIVE | The MACD value suggests TEAM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.44 | OVERSOLD | The low Stochastics value suggests TEAM may be oversold. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for TEAM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.03 | NEGATIVE | The low ADX value for TEAM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
185.5
+0.06 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.03%
1 Week-5.93%
2 Weeks-8.43%
1 Month-16.02%
3 Month-10.61%
6 Month-40.98%
12 Month31.16%
2 Year-9.1%
3 Year-25.1%
5 Year-3.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.09
ATR(20)%3.95%
ATR Inc-26.76%
Range Today5.34
ADR(20)7.1
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.42
Mansfield-2.18
10 Day High206
10 Day Low182.09
20 Day High220.3
20 Day Low182.09
52 Week High326
52 Week Low139.23
CS1 End183.84
CR1 Start191.07
Volume & EV
DER(3)1.97%
DER(5)0.07%
Volume2.99M
Volume Incr5.41%
Vol(5)2.11M
Vol(50)2.19M