Atlassian Technical Analysis (NASDAQ:TEAM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Atlassian stock price data and volume are plotted in TEAM stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Atlassian. Technical analysis uses an approach for Atlassian stock analysis that does not care for the fair value of a company but uses price and volume data only.
Atlassian Moving Average
Moving averages help predict the price direction of TEAM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $72.94 is below the last closing price of $77.64 and the 50 day moving average of $68.2 is below the last closing price of $77.64. The 10 and 20 day periods can predict short term moving average trends.
Atlassian Bollinger Bands
Bollinger bands comprise of a center line usually TEAM SMA, and two TEAM stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Atlassian bollinger bands.
Atlassian Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Atlassian MACD indicator can be used to identify bullish and bearish trends for the stock.
Atlassian Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of TEAM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.