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Is it Time to Dump Atlassian Corporation PLC (TEAM) Stock After it Is Up 5.06% in a Week?

Monday, September 20, 2021 03:20 PM | InvestorsObserver Analysts
Is it Time to Dump Atlassian Corporation PLC (TEAM) Stock After it Is Up 5.06% in a Week?

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

Sentiment Score - ,bullish
Atlassian Corporation PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TEAM!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With TEAM Stock Today?

Atlassian Corporation PLC (TEAM) stock is trading at $395.76 as of 3:09 PM on Monday, Sep 20, a decline of -$8.84, or -2.18% from the previous closing price of $404.60. The stock has traded between $392.14 and $402.69 so far today. Volume today is 917,977 compared to average volume of 892,541. To see InvestorsObserver's Sentiment Score for Atlassian Corporation PLC click here.

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.

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