TEAM Approaches Resistance Overbought at $107.61
The stock of Atlassian Corp (TEAM) climbed 15.35% to close at $107.61 on May 31.
From a technical standpoint, the outlook appears bullish:
Moving Averages
Bullish EMA alignment intact with price above the 9-day at $91.44 and 21-day at $86.44.
Momentum
RSI at 72.5 is in overbought territory, suggesting potential near-term exhaustion. MACD reads 4.83 against its 3.68 signal line (bullish).
Volatility
Price is extended above the upper Bollinger Band ($100.12), suggesting possible mean reversion.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Support sits at $77.20 with resistance at $100.12.
