IREN SPA (IRE.MI) Stock Technical Analysis
BIT:IRE - Euronext Milan - IT0003027817 - Common Stock - Currency: EUR
Taking everything into account, IRE scores 5 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Looking at the yearly performance, IRE did better than 75% of all other stocks. We also observe that the gains produced by IRE over the past year are nicely spread over this period.
IRE is one of the better performing stocks in the Multi-Utilities industry, it outperforms 81% of 12 stocks in the same industry.
IRE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IRE is lagging the market slightly.
IRE has an average volume of 1417700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month IRE has a been trading in the 2.48 - 2.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, IRE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.52, a Stop Loss order could be placed below this zone.
More info and screens
1.81
2.80
We found 4 important support areas.
- A support zone ranging from 2.48 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.02 from a trend line in the weekly time frame.
- Support @1.94 from a trend line in the weekly time frame.
- Support @1.83 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.57 to 2.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.75 to 2.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IRE.MI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IRE.MI is down. |
| ChartMill Relative Strength | 75.71 | POSITIVE | IRE.MI has a high relative strength, it outperformed 75.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IRE.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IRE.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IRE.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.6 | NEUTRAL | The RSI value for IRE.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IRE.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.3 | NEUTRAL | The Stochastics value for IRE.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for IRE.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.8 | NEUTRAL | The ADX value for IRE.MI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BIT:IRE (8/14/2025, 1:25:36 PM)
2.562
+0.03 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg1.18%
1 Week-2.01%
2 Weeks-1.25%
1 Month-0.16%
3 Month1.28%
6 Month21.26%
12 Month34.75%
2 Year32.57%
3 Year68.24%
5 Year15.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%2.24%
ATR Inc-40.76%
Range Today0.03
ADR(20)0.06
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.71
Mansfield0.35
10 Day High2.59
10 Day Low2.48
20 Day High2.68
20 Day Low2.48
52 Week High2.78
52 Week Low1.85
CS1 End2.52
CR1 Start2.54
Volume & EV
DER(3)0.19%
DER(5)-0.96%
Volume90.42K
Volume Incr-20.89%
Vol(5)1.03M
Vol(50)1.42M