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's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
76% of all other stocks performed better in the past year than TEAM.
In the last month TEAM has a been trading in the 186.25 - 222.59 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 2400000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
TEAM is part of the Software industry. There are 282 other stocks in this industry, TEAM did better than 40% of them.
TEAM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TEAM is lagging the market.
The technical rating of TEAM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
185.13
238.58
When analyzing the support we notice one important area.
- Support @187.00 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 187.02 to 188.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 207.61 to 208.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @221.64 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for TEAM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TEAM is neutral. |
| ChartMill Relative Strength | 24.46 | NEGATIVE | TEAM has a low relative strength, it was outperformed by 75.54% off all stocks 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) | 36.29 | NEUTRAL | The RSI value for TEAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests TEAM has a negative trend. |
| Stochastics (14,3) | 44.11 | NEUTRAL | The Stochastics value for TEAM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for TEAM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.99 | 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)
187.01
-13.04 (-6.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.52%
1 Week-12.42%
2 Weeks-5.79%
1 Month-7.19%
3 Month-5.73%
6 Month-22.85%
12 Month3.06%
2 Year2.79%
3 Year-10.66%
5 Year5.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.08
ATR(20)%4.02%
ATR Inc171.76%
Range Today15.24
ADR(20)7.12
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.46
Mansfield-1.99
10 Day High222.59
10 Day Low186.25
20 Day High222.59
20 Day Low186.25
52 Week High326
52 Week Low135.29
CS1 End187
CR1 Start187.02
Volume & EV
DER(3)-1.86%
DER(5)-1.87%
Volume3.56M
Volume Incr18.08%
Vol(5)2.72M
Vol(50)2.40M