Team stock price the team stock price hit an intraday
The team stock price hit an intraday high of $197.88 today, driven by increased institutional activity. Short-term momentum indicators like RSI at 65 suggest the stock is nearing overbought territory, yet bullish trendlines remain intact. The company has made two significant acquisitions in recent years: Mr. Cooper Group and Redfin. These acquisitions transformed it into a fully integrated real estate and mortgage company. Atlassian has failed to capture the AI hype. Its balance sheet is weak, especially in the recent interest rate environment, and the company has vastly underperformed its peers and the market. Until the management team figures out how to restructure its approach to compete in the current market, I see more downside ahead for TEAM, especially during a broader market correction. Metric Value Verdict PE Ratio N/A (negative earnings) Bearish PB Ratio 36.52 Bearish PEG Ratio 2.24 Bearish Current Ratio 1.26 Bearish ROIC-WACC Ratio N/A (negative earnings) Bearish Atlassian Fundamental Analysis Snapshot The price-to-earning (PE) ratio is unavailable due to negative earnings, but its Forward PE ratio is 44.64. By comparison, the PE ratio for the NASDAQ 100 is 40.77. The average analyst price target for TEAM is 276.43. Despite its upside potential, I believe downward revisions will come this year. Atlassian Technical Analysis Today’s TEAM Signal Atlassian Price Chart The TEAM D1 chart above shows a bearish price channel, which could lead price action lower. It also shows a breakdown across its descending Fibonacci Retracement Fan. The Bull Bear Power Indicator is bearish. The average trading volumes are higher during selloffs. TEAM corrected as the S&P 500 rallied to fresh highs, a significant bearish development. My Call I am taking a short position in TEAM between 185.08 and 194.08. The bearish price channel should limit any upside potential and guide price action to the downside. I will sell the rallies and see a series of lower highs and lower lows, supported by higher volumes during sell-offs. TEAM Entry Level: Between 185.08 and 194.08 TEAM Take Profit: Between 154.68 and 161.08 TEAM Stop Loss: Between 198.50 and 209.28 Risk/Reward Ratio: 2.27 Top Forex Brokers 1 Get Started 74% of retail CFD accounts lose money Read Review Ready to trade our daily signals ? Here is our list of the best broker for trading worth checking out. Advertisement TEAM’s share price rose to $196.05 in pre-market trading today following bullish analyst notes. Morgan Stanley upgraded the stock to “Overweight,” citing expanding recurring revenue streams.
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