Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>TEAM stock price increased by 14.61% over the past seven days.</a> </li> 
 <li> <span>2</span> <a>Atlassian Corporation ( NASDAQ: TEAM) stock’s 52-week price range is $113 – $211.</a> </li> 
</ul> 
<p>Atlassian’s earnings have been shrinking by an average of -12.5% per year, while its revenues have been increasing by an average of 26.6% per year, according to the financial website Simplywall St. This shows that Atlassian is facing some challenges in maintaining its profitability and competitiveness in the Software industry, where its earnings have been growing by 19.6% per year.</p> 
<p>Atlassian has more debt than equity, with a debt-to-equity ratio of 152.7%, as shown by the data from Simplywall St. This means that Atlassian has $1.53 of debt for every $1 of equity. Atlassian’s total assets are $4.1 Billion, which is more than its total liabilities of $3.5 Billion. This means that Atlassian has enough assets to cover its obligations.</p> 
<p>The market capitalization of TEAM stock is $51.313 Billion and the total revenue is $2.803 Billion. Moreover, the stock’s basic EPS is negative $2.08 and the price-to-earnings ratio is -105. Moreover, the average volume is 1.967 Million and the current volume is 5.215 Million, the current volume is above average volume.</p> 
<p>Moreover, the TEAM stock has done well in the last month, increasing by 19.27% and by 24.79% in the last six months. However, Atlassian Corporation (NASDAQ: TEAM) stock has a positive year-to-date return of 50.74%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-team-stock-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of TEAM Stock Stock Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that Atlassian Corporation’s ( NASDAQ: TEAM) stock price has been on a rising trend for the last three months, increasing by 47.84%. At the time of writing, TEAM Stock is trading at $198.84 and has been making higher highs and higher lows and at the publishing time, the price faces resistance.&nbsp;</p> 
<p>Therefore, if it maintains the current level, the TEAM price could continue to move upward and reach the first and second targets of $212.70 and $227.83. However, if the TEAM price fails to sustain the current level and drops, then it might hit the nearest support levels of $189.02 and $168.44.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/smGo-5jZD7eVZDINMI5yQ0hz_I5ST2qobaQu9Q0mU4SDKjxlG_BswtFN4LeYYAIXD9fj1Nd_brTQcC5FfpFSN7-o-MAolpEe8bw6-AZT7KSQi2vO8kA6eVfjZOVRzE6aOTYbCzWoulsp9WTgJiKJ_NU" alt="TEAM Stock Price Prediction: Will Atlassian Turn Game This Year?"> 
  <figcaption class="wp-element-caption">
    Source: TEAM.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, Atlassian Corporation. (NASDAQ: TEAM) is trading above the 20, 50, 100, and 200-day EMAs (exponential moving averages), which are supporting the price trend. Hence, TEAM price is expected to move upwards giving bullish views over the daily time frame chart.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/KbOQMl7A-E1JuskdRUOtkbKEGRpV-wf91IfeyPoCSXxjqxKKCxdAh-k7pxK-yh_XKTR_LvLLTZABbD0QtIOfjz6evOMXJqA520VTEJ09Znc8Ag0PB89munQ2mDL7OXYfwd7gJDnoDPrdmFv5aLhYBkQ" alt="TEAM Stock Price Prediction: Will Atlassian Turn Game This Year?"> 
  <figcaption class="wp-element-caption">
    Source: TEAM.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The current value of RSI is 64.96 points. The 14 SMA is above the median line at 54.26 points which indicates that Atlassian Corporation stock is bullish as the RSI is in bullish territory.</p> 
<p>The MACD line at 2.66 and signal line at 2.04 are above the zero line and both lines are closing in on each other. A bullish crossover is anticipated next in the MACD oscillator which might signal more bullishness for the TEAM<a href="https://www.thecoinrepublic.com/2023/07/26/top-5-fashion-stocks-that-are-likely-to-rule-the-market-in-2023/" target="_blank" rel="noopener noreferrer nofollow"> stock price.</a></p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Atlassian Corporation (NASDAQ: TEAM) indicates that the investors and traders of the stock price are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical oscillators of the TEAM stock price also support the bullish trend. The MACD, RSI, and EMA are highlighting positive signals and imply that the uptrend may continue in TEAM stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>The nearest support levels for Atlassian Corporation stock price are $212.70 and $227.83.</li> 
 <li>The nearest resistance levels for Atlassian Corporation stock price are $212.70 and $227.83.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

TEAM Stock Price Prediction: Will Atlassian Turn Game This Year?

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Thecoinrepublic.com

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