IREN LTD (IREN) Stock Technical Analysis
NASDAQ:IREN - Nasdaq - AU0000185993 - Common Stock - Currency: USD
Taking everything into account, IREN scores 6 out of 10 in our technical rating. In the past year, IREN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month IREN has a been trading in the 6.77 - 10.00 range, which is quite wide. It is currently trading near the high of this range.
IREN has an average volume of 15176200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that IREN is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
IREN is an average performer in the Software industry, it outperforms 58% of 283 stocks in the same industry.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
5.79
15.18
3 important support areas can be observed.
- Support @8.82 from a trend line in the daily time frame.
- A support zone ranging from 8.38 to 8.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @15.03 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for IREN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IREN is up. |
| ChartMill Relative Strength | 73.22 | POSITIVE | IREN has a high relative strength, it outperformed 73.22% 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) | 67.15 | NEUTRAL | The RSI value for IREN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IREN has a positive trend. |
| Stochastics (14,3) | 78.52 | NEUTRAL | The Stochastics value for IREN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.29 | HIGH VOLATILITY | The high ATR as a percentage value for IREN suggests high volalility. |
| Average Directional Index/ADX (14) | 31.38 | 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)
9.75
+0.8 (+8.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg8.94%
1 Week16.21%
2 Weeks5.06%
1 Month41.51%
3 Month26.62%
6 Month-36.65%
12 Month-7.41%
2 Year109.23%
3 Year191.05%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%6.29%
ATR Inc67.96%
Range Today0.92
ADR(20)0.56
ADR(20)%5.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.22
Mansfield-0.31
10 Day High10
10 Day Low8.28
20 Day High10
20 Day Low6.77
52 Week High15.92
52 Week Low5.13
CS1 End8.82
CR1 Start15.03
Volume & EV
DER(3)1.5%
DER(5)1.86%
Volume26.50M
Volume Incr-4.5%
Vol(5)15.66M
Vol(50)15.18M