Is Atlassian Corp. technically bullish or bearish?

As of 24 October 2025, the technical trend for Atlassian Corp. has changed from mildly bearish to bearish. The current stance is bearish with a weak to moderate strength. Key indicators include a bearish MACD across both weekly and monthly time frames, bearish moving averages on the daily chart, and a bearish KST on the weekly. The Bollinger Bands and OBV also indicate a mildly bearish trend. Although Dow Theory shows a mildly bullish signal on the weekly, it is countered by a mildly bearish monthly signal.
In terms of performance, Atlassian has underperformed the S&P 500 across multiple periods, with a year-to-date return of -33.17% compared to the S&P 500's 15.47%, and a 1-year return of -14.11% versus 16.90% for the index.