Is Atlassian Corp. technically bullish or bearish?

As of 10 September 2025, the technical trend for Atlassian Corp. has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from multiple indicators: the MACD is bearish on both weekly and monthly time frames, the RSI is bearish on a monthly basis, and Bollinger Bands also reflect a bearish trend. Daily moving averages confirm the bearish outlook. Although the KST shows a bullish signal on the monthly, the overall sentiment remains bearish due to the prevailing indicators.
In terms of performance, Atlassian has underperformed the S&P 500 across multiple periods, notably with a year-to-date return of -30.30% compared to the S&P 500's 12.22%, and a 3-year return of -30.16% versus 70.41% for the index.