Bullish EMA Stack Supports TEAM Rally to $208.04
Atlassian Corp (TEAM) ticked higher by 0.14% to $208.04 on October 14.
Chart analysis reveals a bullish configuration:
Moving Averages
Price trades above the 9-day EMA ($200.22) with a bullish stack. The 21-day EMA at $192.89 provides support.
Momentum
RSI at 67.5 is neutral but improving. MACD reads 8.16 against its 7.24 signal line (bullish).
Volatility
Bollinger Band width at 18.3% indicates normal volatility.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Technical levels: $175.29 support, $210.59 resistance.
