We assign a technical rating of 6 out of 10 to IREN. In the last year, IREN was one of the better performers, but we do observe some doubts in the very recent evolution.
IREN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
41.83
When analyzing the support we can see 2 important areas.
- Support @43.64 from a trend line in the daily time frame.
- A support zone ranging from 42.25 to 42.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 47.82 to 48.50. 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 IREN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IREN is down. |
| ChartMill Relative Strength | 98.49 | POSITIVE | IREN has a high relative strength, it outperformed 98.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IREN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IREN is below the rising 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) | 44.16 | NEUTRAL | The RSI value for IREN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.87 | NEGATIVE | The MACD value suggests IREN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.25 | NEUTRAL | The Stochastics value for IREN is a neutral value. |
| Average True Range in percent/ATR (20) | 14.43 | HIGH VOLATILITY | The high ATR as a percentage value for IREN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.07 | NEUTRAL | The ADX value for IREN suggests a possible start of a new trend. |
47.81
-0.64 (-1.32%)
IREN LTD / IREN FAQ
What is the technical rating for IREN stock?
ChartMill assigns a technical rating of 6 / 10 to IREN.
What is the trend direction for IREN stock?
The current trend direction for IREN LTD (IREN) is Bullish.
What is the RSI signal for IREN LTD (IREN) stock?
IREN LTD (IREN) has an RSI value of 44.1625. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for IREN LTD?
The buy/sell signal for IREN LTD (IREN) is hold as the short term and long term trends are mixed.
What is the support and resistance level for IREN stock?
IREN LTD (IREN) has a support level at 43.64 and a resistance level at 47.82. Check the full technical report for our detailed analysis of IREN support and resistance levels.