ATLASSIAN CORP-CL A (TEAM) Stock Technical Analysis
NASDAQ:TEAM - Nasdaq - US0494681010 - Common Stock - Currency: USD
Overall TEAM gets a technical rating of 1 out of 10. 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.
In the last month TEAM has a been trading in the 195.40 - 223.42 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
TEAM has an average volume of 2445180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TEAM turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
TEAM is an average performer in the Software industry, it outperforms 57% of 284 stocks in the same industry.
TEAM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TEAM is lagging the market slightly.
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
185.78
238.58
2 important support areas can be observed.
- Support @193.11 from a trend line in the daily time frame.
- A support zone ranging from 187.66 to 188.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 208.62 to 210.77. 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 214.52 to 218.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 64.25 | 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) | UP | MIXED | The current price of TEAM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.42 | NEUTRAL | The RSI value for TEAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.28 | NEGATIVE | The MACD value suggests TEAM has a negative trend. |
| Stochastics (14,3) | 11.62 | OVERSOLD | The low Stochastics value suggests TEAM may be oversold. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for TEAM suggests some volalility. |
| Average Directional Index/ADX (14) | 13.23 | 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)
196.82
-2.5 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.25%
1 Week-8.25%
2 Weeks-5.21%
1 Month-10.89%
3 Month-9.9%
6 Month-29.37%
12 Month22.94%
2 Year17.29%
3 Year5.03%
5 Year9.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.11
ATR(20)%3.35%
ATR Inc-19.44%
Range Today4.59
ADR(20)6.31
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.25
Mansfield-1.19
10 Day High220.55
10 Day Low195.4
20 Day High223.42
20 Day Low195.4
52 Week High326
52 Week Low135.29
CS1 End193.11
CR1 Start208.62
Volume & EV
DER(3)3.45%
DER(5)1.53%
Volume1.90M
Volume Incr8.28%
Vol(5)2.29M
Vol(50)2.45M