RSI Above 70: TEAM Getting Frothy at $190.42
Atlassian Corp (TEAM) ticked higher by 2.59% to $190.42 on August 30.
Chart analysis reveals a bullish configuration:
Momentum
RSI at 79.1 is elevated in overbought zone, which often precedes pullbacks. MACD is bullish (20.10 vs signal 19.03).
Moving Averages
Price trades above the 9-day EMA ($173.37) with a bullish stack. The 21-day EMA at $154.87 provides support.
Volatility
Bollinger Band width at 64.5% indicates normal volatility.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
The $105.05-$205.01 range defines near-term boundaries.
