Atlassian Corporation Plc (NASDAQ:TEAM): The Good, The Bad, The Ugly (2020-01-06)

      Comments Off on Atlassian Corporation Plc (NASDAQ:TEAM): The Good, The Bad, The Ugly (2020-01-06)

REPORTING FOR 2020-01-06 | WCX19.ORG: We have done an in-depth analysis of how TEAM has been trading over the last 2 weeks and the past day especially. On its latest session, Atlassian Corporation Plc (NASDAQ:TEAM) opened at 121.02, reaching a high of 123.63 and a low of 120.82 before closing at a price of 123.04. There was a total volume of 1223583.

VOLUME INDICATORS FOR ATLASSIAN CORPORATION PLC (NASDAQ:TEAM): We saw an accumulation-distribution index of 384.45908, an on-balance volume of -122.88, chaikin money flow of 1.15326 and a force index of 8.127. There was an ease of movement rating of -0.00372, a volume-price trend of -2.71622 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR ATLASSIAN CORPORATION PLC (NASDAQ:TEAM): We noted an average true range of 3.14374, bolinger bands of 121.71593, an upper bollinger band of 118.94407, lower bollinger band of 120.82, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 121.82333, high band keltner channel of 119.21333, low band keltner channel of 124.43333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 120.82, a donchian channel low band of 120.82, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR ATLASSIAN CORPORATION PLC (NASDAQ:TEAM): We calculated a Moving Average Convergence Divergence (MACD) of -0.02199, a MACD signal of -0.01222, a MACD difference of -0.00977, a fast Exponential Moving Average (EMA) indicator of 120.82, a slow Exponential Moving Average (EMA) indicator of 120.82, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.93907, a trix of -0.07862, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 2.99267, a KST Oscillator (KST) of -24.17098 and a KST Oscillator (KST Signal) of -24.17098 (leaving a KST difference of -1.9788). We also found an Ichimoku rating of 122.325, an Ichimoku B rating of 122.325, a Ichimoku visual trend A of 125.70219, an Ichimoku visual trend B of 123.7495, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR ATLASSIAN CORPORATION PLC (NASDAQ:TEAM): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 20.12317, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -1538.25941, a stochastic oscillator of 107.66284, a stochastic oscillator signal of 107.66284, a Williams %R rating of 7.66284 and an awesome oscillator of -0.1345.

RETURNS FOR ATLASSIAN CORPORATION PLC (NASDAQ:TEAM): There was a daily return of -2.4171, a daily log return of -0.81443 and a cumulative return of -0.81112.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Atlassian Corporation Plc (NASDAQ:TEAM)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Atlassian Corporation Plc (NASDAQ:TEAM) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.