Atlassian Corp Stock Forecast - Daily Balance Of Power

TEAM
 Stock
  

USD 122.01  4.44  3.51%   

Atlassian Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Atlassian Corp historical stock prices and determine the direction of Atlassian Corp's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Atlassian Corp historical fundamentals such as revenue growth or operating cash flow patterns. Although Atlassian Corp naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Atlassian Corp systematic risk associated with finding meaningful patterns of Atlassian Corp fundamentals over time.
Additionally, take a look at Historical Fundamental Analysis of Atlassian Corp to cross-verify your projections.
  
Atlassian Corp PPandE Turnover is relatively stable at the moment as compared to the past year. The company's current value of PPandE Turnover is estimated at 36.71. Receivables Turnover is expected to hike to 9.06 this year, although the value of Cash and Equivalents Turnover will most likely fall to 2.29. . Issuance Purchase of Equity Shares is expected to hike to about 425.5 M this year, although the value of Weighted Average Shares will most likely fall to nearly 219.6 M.

Open Interest Agains t 2022-12-02 Atlassian Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Atlassian Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Atlassian Corp's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Atlassian Corp stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Atlassian Corp's open interest, investors have to compare it to Atlassian Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Atlassian Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Atlassian. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Atlassian Corp has current Daily Balance Of Power of (1.33).
Most investors in Atlassian Corp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Atlassian Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Atlassian Corp's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Atlassian Corp market sensitivity to bulls and bears. It estimates the ability of Atlassian Corp buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Atlassian Corp Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
0.6427(1.33)
Check Atlassian Corp VolatilityBacktest Atlassian CorpInformation Ratio  

Atlassian Corp Trading Date Momentum

On November 29 2022 Atlassian Corp was traded for  122.01  at the closing time. The top price for the day was 127.68  and the lowest listed price was  121.37 . The trading volume for the day was 2.4 M. The trading history from November 29, 2022 did not affect price variability. The overall trading delta against the current closing price is 3.13% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Atlassian Corp to competition

Other Forecasting Options for Atlassian Corp

For every potential investor in Atlassian, whether a beginner or expert, Atlassian Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Atlassian Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Atlassian. Basic forecasting techniques help filter out the noise by identifying Atlassian Corp's price trends.

Atlassian Corp Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Atlassian Corp stock to make a market-neutral strategy. Peer analysis of Atlassian Corp could also be used in its relative valuation, which is a method of valuing Atlassian Corp by comparing valuation metrics with similar companies.
SalesforceSnowflake IncIntuit IncCadence Design SysServicenowAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp BillitonNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings Corp
 Risk & Return  Correlation

Atlassian Corp Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Atlassian Corp's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Atlassian Corp's current price.

Atlassian Corp Market Strength Events

Market strength indicators help investors to evaluate how Atlassian Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Atlassian Corp shares will generate the highest return on investment. By undertsting and applying Atlassian Corp stock market strength indicators, traders can identify Atlassian Corp entry and exit signals to maximize returns.

Atlassian Corp Risk Indicators

The analysis of Atlassian Corp's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Atlassian Corp's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Atlassian Corp stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Atlassian Corp Investors Sentiment

The influence of Atlassian Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Atlassian. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Atlassian Corp's public news can be used to forecast risks associated with investment in Atlassian. The trend in average sentiment can be used to explain how an investor holding Atlassian can time the market purely based on public headlines and social activities around Atlassian Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Atlassian Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Atlassian Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Atlassian Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Atlassian Corp.

Atlassian Corp Implied Volatility

    
  82.99  
Atlassian Corp's implied volatility exposes the market's sentiment of Atlassian Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Atlassian Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Atlassian Corp stock will not fluctuate a lot when Atlassian Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Atlassian Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Atlassian Corp's short interest history, or implied volatility extrapolated from Atlassian Corp options trading.

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Additionally, take a look at Historical Fundamental Analysis of Atlassian Corp to cross-verify your projections. Note that the Atlassian Corp information on this page should be used as a complementary analysis to other Atlassian Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for Atlassian Stock analysis

When running Atlassian Corp price analysis, check to measure Atlassian Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atlassian Corp is operating at the current time. Most of Atlassian Corp's value examination focuses on studying past and present price action to predict the probability of Atlassian Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Atlassian Corp's price. Additionally, you may evaluate how the addition of Atlassian Corp to your portfolios can decrease your overall portfolio volatility.
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Is Atlassian Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atlassian Corp. If investors know Atlassian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atlassian Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.72
Market Capitalization
31.5 B
Quarterly Revenue Growth YOY
0.32
Return On Assets
(0.0363) 
Return On Equity
(0.96) 
The market value of Atlassian Corp is measured differently than its book value, which is the value of Atlassian that is recorded on the company's balance sheet. Investors also form their own opinion of Atlassian Corp's value that differs from its market value or its book value, called intrinsic value, which is Atlassian Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atlassian Corp's market value can be influenced by many factors that don't directly affect Atlassian Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atlassian Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Atlassian Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlassian Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.