Learn to Evaluate (TEAM) using the Charts

December 17, 2024, 10:56 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TEAM

• Buy TEAM near 241.39 target n/a stop loss @ 240.69. Details

The technical summary data tells us to buy TEAM near 241.39, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 240.69 to protect against excessive loss in case the stock begins to move against the trade. 241.39 is the first level of support below 276.265, and by rule, any test of support is a buy signal. In this case, if support 241.39 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for TEAM

• Buy TEAM slightly over 285.51, target n/a, Stop Loss @ 284.69 Details

If 285.51 begins to break higher, the technical summary data tells us to buy TEAM just slightly over 285.51, with an upside target of n/a. The data also tells us to set a stop loss @ 284.69 in case the stock turns against the trade. 285.51 is the first level of resistance above 276.265, and by rule, any break above resistance is a buy signal. In this case, 285.51, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TEAM slightly near 285.51, target 272.89, Stop Loss @ 286.33. Details

The technical summary data is suggesting a short of TEAM if it tests 285.51 with a downside target of 272.89. We should have a stop loss in place at 286.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 285.51, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TEAM

• Buy TEAM slightly over 277.01, target 282.35, Stop Loss @ 276.36 Details

If 277.01 begins to break higher, the technical summary data tells us to buy TEAM just slightly over 277.01, with an upside target of 282.35. The data also tells us to set a stop loss @ 276.36 in case the stock turns against the trade. 277.01 is the first level of resistance above 276.265, and by rule, any break above resistance is a buy signal. In this case, 277.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TEAM slightly near 277.01, target 272.89, Stop Loss @ 277.66. Details

The technical summary data is suggesting a short of TEAM if it tests 277.01 with a downside target of 272.89. We should have a stop loss in place at 277.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 277.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Atlassian Corporation (TEAM) available here: TEAM.

TEAM Ratings for December 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	154.14
P2	277.01	272.89	196.82
P3	282.35	285.51	241.39

AI Generated Signals for TEAM

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Atlassian Corporation (NASDAQ: TEAM) report below can help you understand how to do this. The trading plans for TEAM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.