Atlassian Stock Technical Analysis

TEAM
 Stock
  

USD 139.39  0.67  0.48%   

As of the 2nd of December, Atlassian Corp shows the risk adjusted performance of (0.18), and Mean Deviation of 3.77. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Atlassian Corp, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Atlassian Corp Plc, which can be compared to its rivals. Please confirm Atlassian Corp Plc treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Atlassian Corp Plc is priced correctly, providing market reflects its regular price of 139.39 per share. Given that Atlassian Corp has jensen alpha of (0.91), we suggest you to validate Atlassian Corp Plc's prevailing market performance to make sure the company can sustain itself at a future point.
  

Atlassian Corp Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Atlassian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Atlassian
Atlassian Corp's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Atlassian Corp Analyst Consensus

Target PriceAdvice# of Analysts
442.38Buy13Odds
Atlassian Corp Plc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Atlassian analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Atlassian stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Atlassian Corp Plc, talking to its executives and customers, or listening to Atlassian conference calls.
Atlassian Analyst Advice Details
Atlassian Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Atlassian Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Atlassian Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Atlassian Corp Plc Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Atlassian Corp Plc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Atlassian Corp Plc Trend Analysis

Use this graph to draw trend lines for Atlassian Corp Plc. You can use it to identify possible trend reversals for Atlassian Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Atlassian Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Atlassian Corp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Atlassian Corp Plc applied against its price change over selected period. The best fit line has a slop of   -2.44  , which may suggest that Atlassian Corp Plc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 224830.8, which is the sum of squared deviations for the predicted Atlassian Corp price change compared to its average price change.

About Atlassian Corp Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Atlassian Corp Plc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Atlassian Corp Plc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Atlassian Corp Plc price pattern first instead of the macroeconomic environment surrounding Atlassian Corp Plc. By analyzing Atlassian Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Atlassian Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Atlassian Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 (projected)
Long Term Debt to Equity2.682.23
Interest Coverage11.9512.89

Atlassian Corp December 2, 2022 Technical Indicators

Most technical analysis of Atlassian help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Atlassian from various momentum indicators to cycle indicators. When you analyze Atlassian charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Atlassian Corp December 2, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Atlassian stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, take a look at World Market Map. Note that the Atlassian Corp Plc 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for Atlassian Stock analysis

When running Atlassian Corp Plc 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
35.3 B
Quarterly Revenue Growth YOY
0.32
Return On Assets
(0.0363) 
Return On Equity
(0.96) 
The market value of Atlassian Corp Plc 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.