TEAM Volatility Compresses at $91.77, Breakout Watch
Atlassian Corp (TEAM) gained 3.02% to finish at $91.77 on July 15.
Key indicators suggest a bullish bias:
Momentum
RSI at 55.4 is in neutral territory. MACD reads 0.89 against its -0.33 signal line (bullish).
Moving Averages
Price trades above the 9-day EMA ($89.00) with a bullish stack. The 21-day EMA at $87.51 provides support.
Volatility
A 6-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
Traders are watching $74.15 on the downside and $94.99 on the upside.
