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 strong indication from the MACD, which is bearish on both weekly and monthly time frames. The daily moving averages also confirm a bearish outlook. Additionally, the KST is bearish on the weekly and mildly bearish on the monthly, while the Bollinger Bands and OBV are both mildly bearish. The Dow Theory presents a mixed signal with a mildly bullish weekly stance but a mildly bearish monthly view.
In terms of performance, Atlassian has underperformed against 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.