The Hourly View for TEAM
At the moment, TEAM (Get Ratings)’s price is up $2.05 (0.88%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning above it. 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’s Technical Outlook on the Daily Chart
Currently, TEAM’s price is down $-1.76 (-0.75%) 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. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily 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. The chart below shows TEAM’s price action over the past 90 days.
For TEAM News Traders
Investors and traders in TEAM may be particularly interested in the following story that came out in the past day:
When a stock breaks out above the 50-Day simple moving average, good things could be on the horizon. How should investors react?
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The post Atlassian Corp Plc (TEAM): Price Down $-1.76 (-0.75)% Over Past Day, Up $2.05 (0.88)% Over Past Hour appeared first on ETF Daily News.
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