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Atlassian Corporation Plc Stock Forecast NASDAQ:TEAM

$349.50 (-5.27%)

Volume: 2M

Closed: Dec 03, 2021

Hollow Logo Score: -3.460

Atlassian Corporation Plc Stock Forecast

$349.50 (-5.27%)

Volume: 2M

Closed: Dec 03, 2021

Score Hollow Logo -3.460
Which way will TEAM go? Request
Key Stats
P/E Ratio -81.31
Beta 1.02
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Atlassian Corporation Plc stock currently holds an RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Atlassian Corporation Plc stock price took a fall of -5.27% on Friday
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The Atlassian Corporation Plc stock price fell by -5.27% on the last day (Friday, 3rd Dec 2021) from $368.94 to $349.50. During the day the stock fluctuated 8.52% from a day low at $339.97 to a day high of $368.95. The price has fallen in 7 of the last 10 days and is down by -20.69% for this period. Volume has increased on the last day by 642 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $762.57 million.

Given the current short-term trend, the stock is expected to rise 5.87% during the next 3 months and, with a 90% probability hold a price between $370.02 and $495.66 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Atlassian Corporation Plc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $376.32 and $419.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, October 29, 2021, and so far it has fallen -23.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, June 08, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, June 08, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $28.98 between high and low, or 8.52%. For the last week, the stock has had a daily average volatility of 6.53%.

Atlassian Corporation Plc is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Atlassian Corporation Plc stock A Buy?

The Atlassian Corporation Plc stock holds several negative signals and despite the positive trend, we believe Atlassian Corporation Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.460

Predicted Opening Price for Atlassian Corporation Plc of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$352.81 $349.50 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 29, 2021 "William Blair" gave "" rating for TEAM. The price target was set to $458.13+9.8%.

Volatility and Risk
Daily Average Volatility: 6.53 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.53 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $357.21
Price: $349.50
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 381.79 9.24 %
370.72 6.07 %
363.88 4.11 %
Current price: 349.50
Support 341.74 -2.22 %
334.90 -4.18 %
323.83 -7.35 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 404.60 15.77 %
389.51 11.45 %
357.21 2.21 %
Current price 349.50
Support 0 .
0 .
0 .

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About Atlassian Corporation Plc

Atlassian  Plc Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains software; and provides software hosting services worldwide. It offers JIRA that enables teams to plan, track, and manage activities and projects; Confluence, a social content platform, which is used to create, share, and discuss content on the Web; HipChat that provides teams a way to communicate in real-time and share ideas, updates, codes, and files;... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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