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Quietly Touched a New High Despite Fundamental Concerns Noted - Monday, February 8, 2021
Atlassian Corp (TEAM +$0.58 or +0.24% to $244.38) recently rebounded from below its 50-day moving average (DMA) line ($232.94) and today it quietly touched a new 52-week high. The recent low ($208.62 on 1/27/21) defines important near-term support to watch. Its current Relative Strength Rating is 72 remains below the +80 minimum guideline for buy candidates.TEAM has an 85 Earnings Per Share rating. Earnings rose +0% on +23% sales revenues for the Dec '20 quarter versus the year ago period, its 2nd comparison below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. TEAM was highlighted in yellow with new pivot point cited based on its 9/01/20 high plus 10 cents in the 10/12/20 mid-day report (read here). An annotated graph was last shown in the 1/21/21 report under the headline, "Relative Strength Rating Remains Below 80+ Minimum Guideline".
This Australia - based software developer's annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15. The number of top-rated funds owning its shares rose from 266 in Sep '17 to 866 in Dec '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days.
Charts used courtesy of www.stockcharts.com
Relative Strength Rating Remains Below 80+ Minimum Guideline - Monday, January 11, 2021
Atlassian Corp (TEAM -$4.81 or -2.04% to $230.67) is consolidating above Its 50-day moving average (DMA) line ($218.81) and prior high in the $216 area which define important near-term support to watch. Its current Relative Strength Rating is 75, and it was recently noted that it had slumped below the +80 minimum guideline for buy candidates.Earnings rose +7% on +26% sales revenues for the Sep '20 quarter versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
TEAM was highlighted in yellow with new pivot point cited based on its 9/01/20 high plus 10 cents in the 10/12/20 mid-day report (read here). An annotated graph was last shown in the 12/18/20 report under the headline, "Extended From Any Base After Streak of Gains for New Highs".
TEAM has a 93 Earnings Per Share rating. This Australia - based software developer's annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15. The number of top-rated funds owning its shares rose from 266 in Sep '17 to 840 in Sep '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of C and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days.
Charts used courtesy of www.stockcharts.com
Extended From Any Base After Streak of Gains for New Highs - Friday, December 18, 2020
Atlassian Corp (TEAM -$0.27 or -0.11% to $247.78) is extended from any sound base as today's loss broke a streak of 6 consecutive gains for new 52-week and all-time highs. Its prior high ($216) and 50-day moving average line ($209) define near term support to watch on pullbacks.It has shown resilience after it reported earnings +7% on +26% sales revenues for the Sep '20 quarter versus the year ago period, well below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. TEAM was highlighted in yellow with new pivot point cited based on its 9/01/20 high plus 10 cents in the 10/12/20 earlier mid-day report (read here). An annotated graph was last shown in the 11/27/20 report under the headline, "Quiet Volume Behind Gain Today for a New All-Time High".
TEAM has a 93 Earnings Per Share rating. This Australia - based software developer's annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15. Its Relative Strength Rating is 88, above the 80+ minimum guideline for buy candidates.
The number of top-rated funds owning its shares rose from 266 in Sep '17 to 828 in sEP '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days.
Charts used courtesy of www.stockcharts.com
Quiet Volume Behind Gain Today for a New All-Time High - Friday, November 27, 2020
Atlassian Corp (TEAM +$7.65 or +3.54% to $224.00) hit a new all-time high with light volume behind today's 6th consecutive gain. It found prompt support after undercutting the prior low ($180) but did not form a sound new base of sufficient length.Weak action came after it reported earnings +7% on +26% sales revenues for the Sep '20 quarter versus the year ago period, well below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. TEAM was highlighted in yellow with new pivot point cited based on its 9/01/20 high plus 10 cents in the 10/12/20 earlier mid-day report (read here). An annotated graph was last shown in the 11/02/20 report under the headline, "Weak Technical Action Followed Disappointing Fundamental News". It made limited headway after subsequent gains with above average volume triggered a new technical buy signal.
TEAM has a 94 Earnings Per Share rating. This Australia - based software developer's annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15. Its Relative Strength Rating is 86, above the 80+ minimum guideline for buy candidates.
The number of top-rated funds owning its shares rose from 266 in Sep '17 to 837 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days.
Charts used courtesy of www.stockcharts.com
Weak Technical Action Followed Disappointing Fundamental News - Monday, November 2, 2020
Atlassian Corp (TEAM -$7.33 or -3.83% to $184.29) gapped down on the prior session slumping into the prior base and today's loss undercut its 50-day moving average (DMA) line ($187.43) raising even greater concerns an dtriggeriing a technical sell signal. Weak action came after it reported earnings +7% on +26% sales revenues for the Sep '20 quarter versus the year ago period, well below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.TEAM was highlighted in yellow with new pivot point cited based on its 9/01/20 high plus 10 cents in the 10/12/20 earlier mid-day report (read here). An annotated graph was shown in that evening's report under the headline, "TEAM Perched Within Close Striking Distance of New Highs". It made limited headway after subsequent gains with above average volume triggered a new technical buy signal.
TEAM has a 94 Earnings Per Share rating. This Australia - based software developer's annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15. Its Relative Strength Rating is 84, above the 80+ minimum guideline for buy candidates. It was dropped from the Featured Stocks list on 8/07/20 and found support well above its 200 DMA line during recent consolidations.
The number of top-rated funds owning its shares rose from 266 in Sep '17 to 837 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under some distributional pressure over the past 50 days.
Charts used courtesy of www.stockcharts.com
TEAM Perched Within Close Striking Distance of New Highs - Monday, October 12, 2020
Atlassian Corp (TEAM -$4.58 or -2.30% to $194.27) was highlighted in yellow with new pivot point cited based on its 9/01/20 high plus 10 cents in the earlier mid-day report (read here). It pulled back today after it was perched within close striking distance of its 52-week high. It has recently been wedging higher with gains lacking great volume conviction. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new technical buy signal. Its Relative Strength Rating has improved to 84, above the 80+ minimum guideline for buy candidates. Three of the past 4 quarterly comparisons through Jun '20 were at or above the +25% minimum earnings guideline (C criteria). It was dropped from the Featured Stocks list on 8/07/20 and found support well above its 200 DMA line during recent consolidations.
TEAM has a 98 Earnings Per Share rating, but fundamental concerns were raised after it reported earnings +19% on +33% sales revenues for the Mar '20 quarter, breaking a strong track record of +25% earnings increases (C criteria). This Australia - based software developer had shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was last shown in the FSU section on 7/24/20 with an annotated graph under the headline, "Consolidating Near High With Earnings News Due Soon". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 835 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under some distributional pressure over the past 50 days.
Charts used courtesy of www.stockcharts.com
Consolidating Near High With Earnings News Due Soon - Friday, July 24, 2020
Atlassian Corp (TEAM -$4.30 or -2.28% to $184.34 ) pulled back toward its 50-day moving average (DMA) line ($180) with a loss on below average volume. Monday's big gain and rebound above the 50 DMA line helped its outlook to improve and its color code was changed to yellow. It would be a reassuring sign of fresh institutional accumulation to see confirming gains backed by volume. Recent gains above the pivot point lacked the +40% above average volume necessary to trigger a convincing new (or add-on) technical buy signal. The recent low ($169.11 on 7/14/20) now defines important near-term support to watch on pullbacks where any violation may trigger a technical sell signal.
Keep in mind it is due to report its Jun '20 quarterly results on 7/30/20. Volume and volatility often increase near earnings news. TEAM has a 98 Earnings Per Share rating, but fundamental concerns were raised after it recently reported earnings +19% on +33% sales revenues for the Mar '20 quarter, breaking a strong track record of +25% earnings increases (C criteria). This Australia - based software developer had shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was last shown in the FSU section on 6/29/20 with an annotated graph under the headline, "50-Day Moving Average Defines Important Near-Term Support". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 811 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation or distribution over the past 50 days.
Charts used courtesy of www.stockcharts.com
50-Day Moving Average Defines Important Near-Term Support - Monday, June 29, 2020
Atlassian Corp (TEAM -$5.88 or -3.25% to $175.13) is consolidating above important support defined by its 50-day moving average (DMA) line ($172.39). The next important near-term support is the prior low ($163.72 on 6/05/20).
TEAM has a 98 Earnings Per Share rating, but fundamental concerns were raised after it recently reported earnings +19% on +33% sales revenues for the Mar '20 quarter, breaking a strong track record of +25% earnings increases (C criteria). This Australia - based software developer had shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM finished strong after highlighted in yellow with pivot point based on its 2/19/20 high plus 10 cents in the 5/04/20 mid-day report (read here). It hit a new all-time high with a big gain and strong close above the pivot point backed by +61% above average volume clinching a convincing technical buy signal.
TEAM was last shown in the FSU section on 6/05/20 with an annotated graph under the headline, "Positive Reversal Near Prior High and 50 DMA Line". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 734 in Mar '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation or distribution over the past 50 days.
Charts used courtesy of www.stockcharts.com
Positive Reversal Near Prior High and 50 DMA Line - Friday, June 5, 2020
Atlassian Corp (TEAM +$2.16 or +1.26% to $174.26) managed a positive reversal today after losses backed by above average volume. Its 50-day moving average (DMA) line ($160.55) defines important support above prior highs in the $156 area.
TEAM has a 98 Earnings Per Share rating, but fundamental concerns were raised after it recently reported earnings +19% on +33% sales revenues for the Mar '20 quarter, breaking a strong track record of +25% earnings increases (C criteria). This Australia - based software developer had shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM finished strong after highlighted in yellow with pivot point based on its 2/19/20 high plus 10 cents in the 5/04/20 mid-day report (read here). It hit a new all-time high with a big gain and strong close above the pivot point backed by +61% above average volume clinching a convincing technical buy signal.
TEAM was last shown in the FSU section on 5/18/20 with an annotated graph under the headline, "Pullback on Lighter Volume After Gain For New High on Big Volume". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 727 in Mar '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation or distribution over the past 50 days.
Charts used courtesy of www.stockcharts.com
Charts used courtesy of www.stockcharts.com
Pullback on Lighter Volume After Gain For New High on Big Volume - Monday, May 18, 2020
Atlassian Corp (TEAM -$4.34 or -2.33% to $182.16) pulled back today with lighter volume following a gain with above average volume for a new all-time high on the prior session. It has been repeatedly noted as "extended from the previously noted base." Prior highs in the $156 area define initial support to watch on pullbacks.
TEAM has a 98 Earnings Per Share rating, but fundamental concerns were raised after it recently reported earnings +19% on +33% sales revenues for the Mar '20 quarter, breaking a strong track record of +25% earnings increases (C criteria). This Australia - based software developer had shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM finished strong after highlighted in yellow with pivot point based on its 2/19/20 high plus 10 cents in the 5/04/20 mid-day report (read here). It hit a new all-time high with a big gain and strong close above the pivot point backed by +61% above average volume clinching a convincing technical buy signal.
TEAM was last shown in the FSU section on 5/04/20 with an annotated graph under the headline, "Volume-Driven Gain For New All-Time High". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 725 in Mar '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been neutral concerning accumulation or distribution over the past 50 days.
Charts used courtesy of www.stockcharts.com
Volume-Driven Gain For New All-Time High - Monday, May 4, 2020
Atlassian Corp (TEAM +$8.54 or +5.52% to $163.13) finished strong after highlighted in yellow with pivot point based on its 2/19/20 high plus 10 cents in the earlier mid-day report (read here). It hit a new all-time high with today's gain and strong close above the pivot point backed by +61% above average volume clinching a convincing technical buy signal.
TEAM has a 98 Earnings Per Share rating, but last week it reported earnings +19% on +33% sales revenues for the Mar '20 quarter, breaking a strong track record of +25% earnings increases (C criteria). It rebounded from below its 200 DMA line in recent weeks and showed resilience since dropped from the Featured Stocks list on 3/11/20.
TEAM has a 98 Earnings Per Share rating, but last week it reported earnings +19% on +33% sales revenues for the Mar '20 quarter, breaking a strong track record of +25% earnings increases (C criteria). It rebounded from below its 200 DMA line in recent weeks and showed resilience since dropped from the Featured Stocks list on 3/11/20.
This Australia - based software developer has shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was last shown in the FSU section on 3/04/20 with an annotated graph under the headline, "Found Support at 50-Day Average During Recent Consolidation". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 709 in Mar '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation or distribution over the past 50 days.
Charts used courtesy of www.stockcharts.com
Found Support at 50-Day Average During Recent Consolidation - Wednesday, March 4, 2020
Atlassian Corp (TEAM +$7.75 or +5.32% to $153.47) posted a solid gain today with near average volume, rallying back above the prior pivot point. It showed resilience while recently consolidating above its 50-day moving average (DMA) line ($139.52). Fundamentals remain strong. Bullish action came after it reported earnings +48% on +37% sales revenues for the Dec '19 quarter.
TEAM was highlighted in yellow with pivot point cited based on its 1/13/20 high in the 1/24/20 mid-day report (read here). It gapped up and touched a new all-time high, rising from a cup-with-handle base pattern with a big volume-driven gain triggering a technical buy signal. Volume was +514% above average behind the big gain, action indicative of fresh institutional buying demand.
This Australia - based software developer has shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
This Australia - based software developer has shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was last shown in the FSU section on 2/12/20 with an annotated graph under the headline, "Atlassian Has Been Hovering Near its All-Time High". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 664 in Dec '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days.
Charts used courtesy of www.stockcharts.com
Atlassian Has Been Hovering Near its All-Time High - Wednesday, February 12, 2020
Atlassian Corp (TEAM +$2.54 or +1.70% to $151.54) is perched above its "max buy" level and near its all-time high. Rallied from a cup-with-handle base pattern with volume +514% above average behind the considerable gain on 1/24/20 triggering a technical buy signal. Bullish action came after it reported earnings +48% on +37% sales revenues for the Dec '19 quarter.
TEAM was highlighted in yellow with pivot point cited based on its 1/13/20 high in the 1/24/20 mid-day report (read here). It gapped up and touched a new all-time high, rising from a cup-with-handle base pattern with a big volume-driven gain triggering a technical buy signal. Volume was +514% above average behind the big gain, action indicative of fresh institutional buying demand.
Bullish action came after it reported earnings +48% on +37% sales revenues for the Dec '19 quarter. Fundamentals remained strong while it went through a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 9/09/19. This Australia - based software developer has shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
Bullish action came after it reported earnings +48% on +37% sales revenues for the Dec '19 quarter. Fundamentals remained strong while it went through a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 9/09/19. This Australia - based software developer has shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was last shown in the FSU section on 1/24/20 with an annotated graph under the headline, "Gapped Up Today Following Another Strong Earnings Report". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 636 in Dec '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days.
Charts used courtesy of www.stockcharts.com
Gapped Up Today Following Another Strong Earnings Report - Friday, January 24, 2020
Atlassian Corp (TEAM +$14.15 or +10.67% to $146.79) was highlighted in yellow with pivot point cited based on its 1/13/20 high in the earlier mid-day report (read here). It gapped up today and touched a new all-time high, rising from a cup-with-handle base pattern with a big volume-driven gain triggering a technical buy signal. Volume was +514% above average behind the big gain, action indicative of fresh institutional buying demand.
Bullish action came after it reported earnings +48% on +37% sales revenues for the Dec '19 quarter. Fundamentals remained strong while it went through a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 9/09/19. This Australia - based software developer has shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
Bullish action came after it reported earnings +48% on +37% sales revenues for the Dec '19 quarter. Fundamentals remained strong while it went through a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 9/09/19. This Australia - based software developer has shown 9 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was last shown in the FSU section on 8/21/19 with an annotated graph under the headline, "Consolidating Near High After Recently Finding Support". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 648 in Dec '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days.
Charts used courtesy of www.stockcharts.com
Consolidating Near High After Recently Finding Support - Wednesday, August 21, 2019
Atlassian Corp (TEAM +$1.73 or +1.22% to $143.87) found support at its 50-day moving average (DMA) line ($136.49) in recent weeks but did not form a sound base. Its prior low ($130.78 on 7/23/19) defines the next important near-term support to watch where a violation would raise serious concerns and trigger a more worrisome technical sell signal.
Fundamentals remain strong. This Australia - based software developer recently reported earnings +43% on +36% sales revenues for the Jun '19 quarter versus the year ago period, continuing its strong earnings track record. It has shown 7 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was last shown in the FSU section on 7/29/19 with an annotated graph under the headline, "Abrupt Retreat After Getting Very Extended From Prior Base". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 612 in Jun '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days.
Charts used courtesy of www.stockcharts.com
Abrupt Retreat After Getting Very Extended From Prior Base - Monday, July 29, 2019
Atlassian Corp (TEAM -$6.99 or -4.79% to $139.05) abruptly retreated today after hitting a new all-time high on the prior session. Its color code was changed to yellow after pulling back below its "max buy" level. The 50-day moving average (DMA) line ($131.81) and prior low ($123.43 on 6/25/19) define important near-term support to watch where violations would raise concerns and trigger technical sell signals.
Fundamentals remain strong. This Australia - based software developer recently reported earnings +43% on +36% sales revenues for the Jun '19 quarter versus the year ago period, continuing its strong earnings track record. It has shown 7 consecutive quarterly comparisons above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was last shown in the FSU section on 6/24/19 with an annotated graph under the headline, "Perched at High After Wedging into New High Territory". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 551 in Jun '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation.
Charts used courtesy of www.stockcharts.com
Perched at High After Wedging into New High Territory - Monday, June 24, 2019
Atlassian Corp (TEAM -$2.32 or -1.75% to $130.55) pulled back again today with below average volume. In recent weeks it wedged into new high territory with gains lacking great volume conviction. The 50-day moving average (DMA) line ($121) and prior low ($115.87 on 6/03/19) define important neat-term support to watch.
Fundamentals remain strong. This Australia - based software developer recently reported earnings +133% on +38% sales revenues for the Mar '19 quarter, continuing its strong earnings track record with its 6th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was last shown in the FSU section on 5/24/19 with an annotated graph under the headline, "Perched Near All-Time High After "3-Weeks Tight". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 527 in Mar '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation.
Charts used courtesy of www.stockcharts.com
Perched Near All-Time High After "3-Weeks Tight" - Friday, May 24, 2019
Atlassian Corp (TEAM +$2.26 or +1.78% to $129.52) remains perched near its all-time high and has formed an advanced "3-weeks tight" base. Subsequent volume-driven gains above the new pivot point may trigger a new (or add-on) technical buy signal. Keep in mind that the major averages (M criteria) need a follow-through day to confirm a new uptrend before any new buying efforts are justified under the fact-based investment system. Meanwhile, its prior high ($117.06 on 4/15/19) and 50-day moving average (DMA) line ($114.47) define near-term support to watch where violations would raise concerns and trigger technical sell signals.
Fundamentals remain strong. This Australia - based software developer recently reported earnings +133% on +38% sales revenues for the Mar '19 quarter, continuing its strong earnings track record with its 6th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
TEAM was highlighted in yellow with new pivot point cited based on its 10/01/18 high plus 10 cents in the 1/04/19 mid-day report (read here). It was last shown in the FSU section on 4/09/19 with an annotated graph under the headline, "Perched Near High Enduring Distributional Pressure". The number of top-rated funds owning its shares rose from 266 in Sep '17 to 509 in Mar '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B. Its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation.
Charts used courtesy of www.stockcharts.com
Perched Near High Enduring Distributional Pressure - Tuesday, April 9, 2019
Atlassian Corp (TEAM +$0.07 or +0.06% to $112.15) endured distributional pressure in recent weeks and it is extended from any sound base. Its 50-day moving average (DMA) line ($107) and recent lows define near-term support to watch where violations would raise concerns and trigger technical sell signals.TEAM was highlighted in yellow with new pivot point cited based on its 10/01/18 high plus 10 cents in the 1/04/19 mid-day report (read here). It was last shown in the FSU section on 3/04/19 with an annotated graph under the headline, "Pullback on Higher Volume After Recent Gains With Less Volume".
Fundamentals remain strong. This Australia - based software developer recently it reported earnings +92% on +39% sales revenues for the Dec '18 quarter versus the year ago period, its 5th consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's guidelines. Annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
The number of top-rated funds owning its shares rose from 266 in Sep '17 to 453 in Dec '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation.
Charts used courtesy of www.stockcharts.com
Pullback on Higher Volume After Recent Gains With Less Volume - Monday, March 4, 2019
Atlassian Corp's (TEAM) -$6.24 or -5.62% to $104.71) color code was changed to green after finishing the session back above its "max buy" level. Today's big loss with above average volume was an abrupt retreat after wedging to another new all-time high last week with gains lacking great volume conviction. Its prior high ($98.21) and 50-day moving average (DMA) line ($96.57) define near-term support to watch where violations would raise concerns and trigger technical sell signals.
TEAM was highlighted in yellow with new pivot point cited based on its 10/01/18 high plus 10 cents in the 1/04/19 mid-day report (read here). It was last shown in the FSU section on 1/28/19 with an annotated graph under the headline, "Volume Light While Hovering Near High".
Fundamentals remain strong. This Australia - based software developer recently it reported earnings +92% on +39% sales revenues for the Dec '18 quarter versus the year ago period, its 5th consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's guidelines. Annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
The number of top-rated funds owning its shares rose from 266 in Sep '17 to 431 in Dec '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation.
Charts used courtesy of www.stockcharts.com
Volume Light While Hovering Near High - Monday, January 28, 2019
Atlassian Corp (TEAM -$1.14 or -1.19% to $94.72) ended lower with a loss on light volume. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may help to clinch a convincing technical buy signal. Its 50-day moving average (DMA) line ($84.41) and prior low define near-term support to watch on pullbacks.
TEAM was highlighted in yellow with new pivot point cited based on its 10/01/18 high plus 10 cents in the 1/04/19 mid-day report (read here). It was last shown in the FSU section on 1/07/19 with an annotated graph under the headline, "Rebounding Near Prior High Which May Act as Resistance". It found support at its 200 DMA line during the consolidation after dropped from the Featured Stocks list on 10/10/18.
Fundamentals remain strong. This Australia - based software developer recently it reported earnings +92% on +39% sales revenues for the Dec '18 quarter versus the year ago period, its 5th consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's guidelines. Annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
The number of top-rated funds owning its shares rose from 266 in Sep '17 to 406 in Sep '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B.Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation.
Charts used courtesy of www.stockcharts.com
Rebounding Near Prior High Which May Act as Resistance - Monday, January 7, 2019
Atlassian Corp (TEAM +$5.62 or +6.45% to $92.71) was highlighted in yellow with new pivot point cited based on its 10/01/18 high plus 10 cents in the earlier mid-day report (read here). Disciplined investors will watch for subsequent volume-driven gains above the pivot point to trigger a convincing technical buy signal.It was last shown in the FSU section on 9/14/18 with an annotated graph under the headline, "Extended From Base and Hitting Another New High". It found support at its 200 DMA line during the consolidation after dropped from the Featured Stocks list on 10/10/18.
Fundamentals remain strong. This Australia - based software developer reported earnings +54% on +37% sales revenues for the Sep '18 quarter versus the year ago period, its 4th consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's guidelines. Annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
The number of top-rated funds owning its shares rose from 266 in Sep '17 to 398 in Sep '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B.Its current Up/Down Volume Ratio of 1.43 is an unbiased indication its shares have been under accumulation.
Charts used courtesy of www.stockcharts.com
Extended From Base and Hitting Another New High - Friday, September 14, 2018
Atlassian Corp (TEAM +$0.78 or +0.83% to $94.20) posted a gain today with light volume for another new all-time high. It is very extended from any sound base. The 50-day moving average (DMA) line ($77.43) defines near-term support to watch on pullbacks. Fundamentals through Jun '18 have been strong.It was last shown in this FSU section on 7/30/18 with an annotated graph under the headline, "Pullback Following Recent Technical Breakout", perched at its all-time high following a big gain backed by 516% above average volume. It was highlighted in the 7/27/18 mid-day report (read here) with pivot point cited based on its 6/06/18 high plus 10 cents.
This Australia - based software developer reported earnings +44% on +40% sales revenues for the Jun '18 quarter versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's guidelines. Annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
The number of top-rated funds owning its shares rose from 266 in Sep '17 to 365 in Jun '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B.Its current Up/Down Volume Ratio of 2.3 is an unbiased indication its shares have been under accumulation.
Charts used courtesy of www.stockcharts.com
Pullback Following Recent technical Breakout - Monday, July 30, 2018
Atlassian Corp (TEAM -$2.76 or -3.74% to $71.08) retreated from its all-time high hit on the prior session with a gain backed by 516% above average volume. It was highlighted in the 7/27/18 mid-day report (read here) with pivot point cited based on its 6/06/18 high plus 10 cents.This Australia - based software developer reported earnings +44% on +40% sales revenues for the Jun '18 quarter versus the year ago period, its 3rd consecutive quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fact-based investment system's guidelines. Annual earnings (A criteria) history has been strong since its $21 IPO on 12/10/15.
The number of top-rated funds owning its shares rose from 266 in Sep '17 to 342 in Jun '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and Sponsorship Rating of B.Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation.
Charts used courtesy of www.stockcharts.com
