The Hourly View for TEAM
Currently, TEAM (Get Ratings)’s price is up $2.16 (0.82%) from the hour prior. TEAM has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100, 200 and 50 hour moving averages, resulting in them with price now being above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
TEAM ranks 353rd in terms of today’s price percentage change out of Business Services stocks.
TEAM’s Technical Outlook on the Daily Chart
Currently, TEAM’s price is down $-3.85 (-1.43%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as TEAM has now gone up 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. Of note is that the 20 day changed directions on TEAM; it is now pointing down. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Atlassian Corp Plc’s price action over the past 90 days can be seen via the chart below.
TEAM: Daily RSI Analysis
For TEAM News Traders
News traders keeping an eye on TEAM may find value in this recent story:
Shares of project management software outfit Monday.com (NASDAQ: MNDY) have been hot since its IPO in June. The Australia-based company has hauled in nearly $2 billion in sales over the last 12-month stretch.
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