ATLASSIAN CORP. - 1H - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 258.41 USD
My targets
268.19 USD (+1.74%)
317.18 USD (+20.33%)
My analysis
ATLASSIAN CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 258.41 USD. The next resistance located at 268.19 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 317.18 USD. After this resistance, buyers could then target 345.22 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ATLASSIAN CORP. rating 263.60 USD. The price registered an increase of +14.41% on the session with the lowest point at 245.31 USD and the highest point at 263.62 USD. The deviation from the price is +7.46% for the low point and -0.01% for the high point.245.31
263.62
263.60
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ATLASSIAN CORP. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 215.27 | 226.88 | 258.41 | 263.60 | 317.18 | 345.22 | 395.08 |
Change (%) | -18.33% | -13.93% | -1.97% | - | +20.33% | +30.96% | +49.88% |
Change | -48.33 | -36.72 | -5.19 | - | +53.58 | +81.62 | +131.48 |
Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 212.50 | 216.27 | 223.34 | 227.11 | 234.18 | 237.95 | 245.02 |
Camarilla | 227.43 | 228.42 | 229.42 | 230.41 | 231.40 | 232.40 | 233.39 |
Woodie | 214.15 | 217.10 | 224.99 | 227.94 | 235.83 | 238.78 | 246.67 |
Fibonacci | 216.27 | 220.41 | 222.97 | 227.11 | 231.25 | 233.81 | 237.95 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 166.41 | 175.39 | 192.35 | 201.33 | 218.29 | 227.27 | 244.23 |
Camarilla | 202.19 | 204.56 | 206.94 | 209.32 | 211.70 | 214.08 | 216.45 |
Woodie | 170.41 | 177.39 | 196.35 | 203.33 | 222.29 | 229.27 | 248.23 |
Fibonacci | 175.39 | 185.30 | 191.42 | 201.33 | 211.24 | 217.36 | 227.27 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 143.84 | 161.26 | 185.29 | 202.71 | 226.74 | 244.16 | 268.19 |
Camarilla | 197.92 | 201.72 | 205.52 | 209.32 | 213.12 | 216.92 | 220.72 |
Woodie | 147.15 | 162.91 | 188.60 | 204.36 | 230.05 | 245.81 | 271.50 |
Fibonacci | 161.26 | 177.09 | 186.88 | 202.71 | 218.54 | 228.33 | 244.16 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 86.77 | |
MACD (12,26,9): | 6.6300 | |
Directional Movement: | 45.56 | |
AROON (14): | 100.00 | |
DEMA (21): | 233.38 | |
Parabolic SAR (0,02-0,02-0,2): | 219.30 | |
Elder Ray (13): | 22.49 | |
Super Trend (3,10): | 233.79 | |
Zig ZAG (10): | 257.41 | |
VORTEX (21): | 1.2300 | |
Stochastique (14,3,5): | 96.44 | |
TEMA (21): | 236.77 | |
Williams %R (14): | -2.49 | |
Chande Momentum Oscillator (20): | 31.83 | |
Repulse (5,40,3): | 6.5300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3500 | |
Courbe Coppock: | 12.52 |
MA7: | 221.59 | |
MA20: | 205.36 | |
MA50: | 195.89 | |
MA100: | 221.51 | |
MAexp7: | 233.99 | |
MAexp20: | 224.54 | |
MAexp50: | 215.43 | |
MAexp100: | 208.53 | |
Price / MA7: | +18.96% | |
Price / MA20: | +28.36% | |
Price / MA50: | +34.57% | |
Price / MA100: | +19.00% | |
Price / MAexp7: | +12.65% | |
Price / MAexp20: | +17.40% | |
Price / MAexp50: | +22.36% | |
Price / MAexp100: | +26.41% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on ATLASSIAN CORP. at the time of the analysis were as follows:
- Atlassian Announces Fourth Quarter and Fiscal Year 2022 Results
- Atlassian Announces Date for Fourth Quarter and Fiscal Year 2022 Results
- Atlassian Co-CEOs Adopt New 10b5-1 Trading Plans
- Thinking about trading options or stock in Carvana, Hess Corp, Apple, Sunrun, or Atlassian?
- Atlassian Announces Third Quarter Fiscal Year 2022 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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