Weaker Buy Today TEAM ranks #1073 as BUY CANDIDATE. Stronger Buy
Today TEAM ranks #1073 as BUY CANDIDATE.

TEAM stock Atlassian Corporation Plc

TEAM stock
Atlassian Corporation Plc

March 22, 2019
Change -4.91%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will TEAM stock price go up or down on Mon, 25 Mar 2019?

Atlassian Corporation Plc Forecast and Stock Analysis

Technical TEAM stock analysis for March 22, 2019.

Buy candidate since 2019-03-05 Gain 5.17%
Shorts n/a
Cash 679.1 mill
Loans n/a
Beta 1.86
ROA -11.95

Atlassian Corporation Plc fell by -4.91% in the last day from $115.50 to $109.83 The price has risen in 7 of the last 10 days and is up by 5.35% over the past 2 weeks. Volume has increased in the last day by 0.33 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.43 million shares bought and sold for approximately $157.10 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the TEAM stock was $109.83. This is 4.91% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 4.85% from a day low at $109.73 to a day high of $115.05.

30 day high of the TEAM stock price was $115.88 and low was $99.77.
90 day high was $115.88 and low was $77.34.
52 week high for the Atlassian Corporation Plc - $115.88 and low - $50.84.

Trend

Atlassian Corporation Plc lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $108.39 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.03% during the next 3 months and, with 90% probability hold a price between $139.86 and $152.35 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Atlassian Corporation Plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $111.79. On a fall, the stock will find some support from the long-term average at approximately $106.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

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A sell signal from a double top formation was found on Tuesday March 12, 2019 and based on theory for this formation the price should fall by -11.10% to $99.85 within 7 trading days since signal was issued (Thursday March 21, 2019).

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Atlassian Corporation Plc finds support from accumulated volume at $104.71.

Support: $104.71 Price: $109.83 Resistance: $110.27

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $5.32 (4.85%) between high and low. For the last week, the stock has had a daily average volatility of 3.05%.

Our recommended stoploss: $104.33 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Weaker Buy Today TEAM ranks #1073 as BUY CANDIDATE. Stronger Buy
Today TEAM ranks #1073 as BUY CANDIDATE.