Atlassian Corporation PLC (TEAM) Stock: What Does the Chart Say Wednesday?

Overall market sentiment has been down on Atlassian Corporation PLC (TEAM) stock lately. TEAM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Atlassian Corporation PLC has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TEAM!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With TEAM Stock Today?

Atlassian Corporation PLC (TEAM) stock has fallen -2.09% while the S&P 500 is up 1.64% as of 11:36 AM on Wednesday, Dec 1. TEAM has fallen -$7.87 from the previous closing price of $376.32 on volume of 595,700 shares. Over the past year the S&P 500 is higher by 28.17% while TEAM is up 63.72%. TEAM lost -$4.30 per share in the over the last 12 months.

More About Atlassian Corporation PLC

Atlassian Corporation PLC produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney, Australia. Click Here to get the full Stock Report for Atlassian Corporation PLC stock.