IREN LTD (IREN) Stock Technical Analysis
NASDAQ:IREN - AU0000185993 - Common Stock
28.21 USD
-0.9 (-3.09%)
28.56 USD
+0.35 (+1.24%)
Overall IREN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, IREN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that IREN is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by IREN over the past year are nicely spread over this period.
IREN is part of the Software industry. There are 280 other stocks in this industry. IREN outperforms 98% of them.
IREN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IREN has a been trading in the 16.66 - 30.02 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
IREN has an average volume of 29115500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IREN has an excellent technical rating, it does not present a decent entry opportunity 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
19.21
28.49
We found 2 important support areas.
- Support @21.81 from a trend line in the daily time frame.
- Support @19.40 from a trend line in the daily time frame.
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 | UP | POSITIVE | The short term trend for IREN is up. |
| ChartMill Relative Strength | 99.16 | POSITIVE | IREN has a high relative strength, it outperformed 99.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IREN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IREN is above 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) | 76.33 | OVERBOUGHT | The high RSI value suggests IREN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests IREN has a positive trend. |
| Stochastics (14,3) | 85.15 | OVERBOUGHT | The high Stochastics value suggests IREN may be overbought. |
| Average True Range in percent/ATR (20) | 7.57 | HIGH VOLATILITY | The high ATR as a percentage value for IREN suggests high volalility. |
| Average Directional Index/ADX (14) | 46.24 | POSITIVE | The high ADX value value for IREN suggests a strong 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)
28.21
-0.9 (-3.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.09%
1 Week22.71%
2 Weeks50.61%
1 Month71.49%
3 Month189.33%
6 Month266.36%
12 Month338.04%
2 Year660.38%
3 Year583.05%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.49
ATR(20)%7.57%
ATR Inc61.78%
Range Today2.41
ADR(20)1.98
ADR(20)%7.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.16
Mansfield12.8
10 Day High30.02
10 Day Low17.22
20 Day High30.02
20 Day Low16.66
52 Week High30.02
52 Week Low5.13
CS1 End21.81
CR1 StartN/A
Volume & EV
DER(3)1.06%
DER(5)1.62%
Volume32.96M
Volume Incr95.97%
Vol(5)41.71M
Vol(50)29.12M