TEAM Technical Analysis - ATLASSIAN CORP-CL A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to TEAM. TEAM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

89% of all other stocks performed better in the past year than TEAM.

TEAM is part of the Software industry. There are 282 other stocks in this industry, of which 72% are performing better than TEAM.

TEAM is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month TEAM has a been trading in the 144.32 - 176.89 range, which is quite wide. It is currently trading near the lows of this range.

TEAM has an average volume of 2771910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ATLASSIAN CORP-CL A / TEAM Weekly stock chart

ATLASSIAN CORP-CL A / TEAM Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

143.11

168.81

We can see 3 important resistance areas.

A resistance zone ranging from 151.06 to 151.82. 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 160.06 to 160.22. 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 167.05 to 167.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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Technical Indicator Signal Analysis

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	11.24	NEGATIVE	TEAM has a low relative strength, it was outperformed by 88.76% 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)	DOWN	NEGATIVE	The current price of TEAM is below a declining SMA(200).
Relative Strength Index/RSI (14)	26.4	OVERSOLD	The low RSI value suggests TEAM may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.3	NEGATIVE	The MACD value suggests TEAM has a negative trend.
Stochastics (14,3)	6.6	OVERSOLD	The low Stochastics value suggests TEAM may be oversold.
Average True Range in percent/ATR (20)	3.91	MEDIUM VOLATILITY	The ATR as a percentage value for TEAM suggests some volalility.
Average Directional Index/ADX (14)	25.29	POSITIVE	The high ADX value value for TEAM suggests a strong trend.