IREN LTD (IREN) Technical Analysis
NASDAQ:IREN • AU0000185993
Current stock price
IREN Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to IREN. Although IREN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, IREN did better than 99% of all other stocks.
- IREN is one of the better performing stocks in the Software industry, it outperforms 99% of 278 stocks in the same industry.
- In the last month IREN has a been trading in the 35.63 - 47.25 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- IREN has an average volume of 40087400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- IREN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IREN is lagging the market slightly.
IREN Weekly and Daily overview Charts
IREN Setup Rating and Analysis
Although the technical rating is only medium, IREN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 38.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IREN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
IREN Support and Resistance Analysis
36.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.77 to 38.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 36.69 to 36.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 41.49 to 41.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.69 to 43.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 54.01 to 54.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
IREN Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for IREN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IREN is down. |
| ChartMill Relative Strength | 99.24 | POSITIVE | IREN has a high relative strength, it outperformed 99.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IREN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IREN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IREN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.48 | NEUTRAL | The RSI value for IREN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests IREN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.65 | NEUTRAL | The Stochastics value for IREN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.53 | HIGH VOLATILITY | The high ATR as a percentage value for IREN suggests high volalility. |
| Average Directional Index/ADX (14) | 12.37 | NEGATIVE | The low ADX value for IREN suggests a weak or negative trend. |
IREN Chart- and CandleStick Pattern Analysis
IREN Technicals: Chart, Performance Metrics, Trend & Indicators
41.29
-0.37 (-0.89%)
IREN LTD / IREN TA FAQ
What is the technical rating for IREN stock?
ChartMill assigns a technical rating of 4 / 10 to IREN.
What is the current trend direction of IREN LTD (IREN) stock?
The current trend direction for IREN LTD (IREN) is Bearish.
What is the RSI signal for IREN LTD (IREN) stock?
IREN LTD (IREN) has an RSI value of 47.4821. This indicates that the stock is currently neutral.
What is the MACD signal for IREN stock?
The MACD indicator for IREN LTD (IREN) has a value of 0.40584, indicating a bearish trend.