IRIS ENERGY LTD (IREN)

AU0000185993 - Common Stock

4.95  +0.27 (+5.77%)

After market: 4.94 -0.01 (-0.2%)

Technical Rating and Analysis

3

Taking everything into account, IREN scores 3 out of 10 in our technical rating. 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.

IREN is currently trading in the lower part 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.
In the last month IREN has a been trading in the 4.16 - 6.65 range, which is quite wide. It is currently trading near the lows of this range.
IREN is one of the better performing stocks in the Software industry, it outperforms 75% of 275 stocks in the same industry.
IREN has an average volume of 11026500 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!
Looking at the yearly performance, IREN did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
IREN Weekly chart
IREN Daily chart
Setup Rating and Analysis

3

The technical rating of IREN is bad and it also does not present a 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.

Support and Resistance Analysis

3.56

6.27

We found 5 important support areas.

  • A support zone ranging from 4.75 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @4.59 from a horizontal line in the weekly time frame.
  • Support @4.39 from a trend line in the daily time frame.
  • Support @4.32 from a horizontal line in the daily time frame.
  • Support @3.60 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 5.61 to 5.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @6.21 from a trend line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.02
Mansfield-0.41
10 Day High6.33
10 Day Low4.16
20 Day High6.65
20 Day Low4.16
52 Week High9.69
52 Week Low2.79
Performance
1 Week6.45%
2 Weeks-11.61%
1 Month-12.39%
3 Month14.58%
6 Month57.64%
12 Month24.69%
2 Year-43.04%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)47.57
LBB4.03
UBB6.05
IREN Daily chart

IRIS ENERGY LTD

NASDAQ:IREN (4/19/2024, 7:00:02 PM)

After market: 4.94 -0.01 (-0.2%)

4.95

+0.27 (+5.77%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg5.77%
1 Week6.45%
2 Weeks-11.61%
1 Month-12.39%
3 Month14.58%
6 Month57.64%
12 Month24.69%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.53
ATR(20)%12.13%
ATR Inc
Range Today0.39
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High6.33
10 Day Low4.16
20 Day High6.65
20 Day Low4.16
52 Week High9.69
52 Week Low2.79
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume7.34M
Volume Incr-50.41%
Vol(5)5.93M
Vol(50)11.03M