TEAM Plunges to Oversold $75.13, Rebound Watch
Atlassian Corp (TEAM) retreated 5.42%, ending the session at $75.13 on March 2.
From a technical standpoint, the outlook appears mixed:
Momentum
RSI at 29.0 is depressed in oversold territory, where bounces often originate. MACD is bullish (-14.38 vs signal -15.04).
Moving Averages
Bearish EMA structure persists with price below the 9-day ($78.22) and 21-day ($90.43).
Volatility
Bollinger Band width at 61.8% indicates normal volatility.
While EMAs remain bearish, the oversold RSI reading hints at potential support around $61.06.
Technical levels: $61.06 support, $115.62 resistance.
