TEAM Powers to $163.15 on Strong EMA Stack
BullishAtlassian Corp (TEAM) closed up 1.26% at $163.15 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($161.96) with a bullish stack. The 21-day EMA at $160.28 provides support.
Momentum
RSI at 64.5 is in neutral territory. MACD is bullish (2.31 vs signal 2.17).
Volatility
Stock has been in a TTM Squeeze for 3 days, indicating compressed volatility and potential for a significant move.