TEAM Atlassian Corp Chart, History Price & Graph

Key Takeaways

• Atlassian Corporation (TEAM) remains in a bearish trend on weekly and monthly timeframes, trading well below its 200-day moving average.
• Current price hovers around $69, with key support near $60 and resistance at $72–$80.
• RSI(14) at approximately 49–54 indicates neutral momentum, while MACD shows short-term buy signals.
• Price action reflects a multi-month decline from highs near $242, with recent consolidation after crossing below the 50-day moving average.
• Overall technical summary neutral on daily charts, with sell signals dominating longer-term moving averages.

Price Action and Trend Analysis

The chart of Atlassian Corporation (TEAM) displays a pronounced downtrend over the past six months, with shares declining sharply from a 52-week high of $242 to current levels around $69. This correction has positioned the stock 57% lower year-to-date, reflecting broader pressure in the software sector. Over the last 30 days, TEAM has shown modest recovery with a 3.6% gain amid choppy trading, but the move below the 50-day moving average signals a shift to downward momentum. Trading behavior exhibits lower highs and lows, forming a potential bear flag pattern as noted in trader discussions, with rejection at pivot levels around $72.

Moving Averages

Short-term moving averages present a mixed picture, with the 10-day EMA at $68.88 (buy) and 20-day SMA at $66.66 (buy), providing minor support near current prices. However, longer-term averages confirm bearish bias: the 50-day EMA stands at $78 (sell), 100-day EMA at $98.57 (sell), and 200-day SMA at $136.74 (sell). This alignment below key MAs underscores the prevailing downtrend, with 11 buy signals but dominant sells on extended periods. Price trading beneath the 50-day and 200-day EMAs reinforces seller control on weekly charts.

Momentum Indicators

Momentum oscillators reflect neutral conditions. The RSI(14) reading of 49.08–54.17 suggests neither overbought nor oversold territory, allowing for potential consolidation. Stochastic %K at 67–78 indicates building upward pressure short-term but remains vulnerable to downside. MACD(12,26) at -1.06 to 0.40 flashes buy signals, hinting at possible short-term reversal if momentum sustains. CCI(20) at 67.61 and Williams %R at -33.75 further support neutral bias, with ADX(14) at 21–35 signaling moderate trend strength without extremes.

Support and Resistance Levels

Key support zones cluster around $60.05 (S1 classic pivot) and $63–65, aligning with recent lows and trader-noted demand areas. Immediate resistance sits at $71.85–$72.50 (R1/pivot), followed by $80.70 (R1 higher pivot) and the 50-day MA near $72–78. Higher resistance looms at $93–$100, coinciding with the 100-day MA. These levels represent critical supply and demand zones where price has previously stalled, with breakdowns below $60 potentially accelerating the downtrend.

AI Daily Buy/Sell Signals

Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast datasets including technical indicators, price patterns, and historical trends for TEAM. These signals identify potential buy or sell opportunities by detecting momentum shifts, breakouts, and reversals through pattern recognition and statistical modeling. Traders rely on them to pinpoint entry/exit points, validate trend directions, and enhance decision-making amid volatile conditions. Neutral to buy-leaning short-term signals align with current oscillator readings, offering a data-driven edge. Explore these signals to integrate AI insights into your trading strategy.

Technical Outlook and Key Levels to Watch

Traders eye a potential bounce from $60–$65 support if short-term MACD holds buy territory, targeting resistance at $72–$80 for confirmation of stabilization. A breakdown below $60 could test lower pivots near $52, extending the bear flag downside. Monitor RSI for divergences above 50 signaling momentum build-up, alongside 50-day MA crossover for trend shifts. Volume spikes near key levels will be crucial to gauge conviction in any directional move, with weekly closes below 200-day MA affirming bearish continuation.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full Disclaimers and Limitations.