Is Atlassian Corp. technically bullish or bearish?

As of 31 October 2025, the technical trend for Atlassian Corp. has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by daily moving averages indicating a bearish trend and monthly Bollinger Bands showing a mildly bearish condition. The MACD presents a mixed picture with a mildly bullish signal on the weekly timeframe but bearish on the monthly. The KST and Dow Theory are also mildly bullish on the weekly but bearish on the monthly, reflecting some short-term strength against a longer-term weakness.
In terms of performance, Atlassian has underperformed the S&P 500 significantly over multiple periods, with a year-to-date return of -32.20% compared to the S&P 500's 16.30%, and a one-year return of -26.45% versus 19.89% for the index.