IREN Technical Signal Analysis
IREN have 2 buy signals and 5 sell signals now. The current trend is uptrend starting from 2025-03-10. The total price change during this trend is -2.42%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of IREN over last 5 trading day is $82,158,729.53
2 Bullish Signal
5 Bearish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-139.23
Bullish
Williams %R (14 days)
WILLR_14 < -80
-88.81
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-1.97
Bearish
Momentum (10 days)
MOM_10 < 0
-0.29
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.81
Bearish
Closing price
close < fibonacci_S1
6.46
Bearish
Moving Average
5-day SMA crosses below 10-day SMA
--
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-139.23
Bullish
Williams %R (14 days)
WILLR_14 < -80
-88.81
Bullish
IREN Support and Resistance Level
The support levels for IREN are at 6.5, 6.16, and 5.61, while the resistance levels are at 7.59, 7.93, and 8.47. With the current stock price at 6.46, it is leaning more toward the support levels.
IREN Technical Analysis
Technical Analysis of IREN Stock
Current Price and Technical Indicators:
- Price: $7.245 (as of 2025-03-14)
- RSI (6, 12, 14): 39.84, 35.32, 35.79 (all below 50, indicating bearish momentum)
- Stochastic Oscillator: %K (13.02) and %D (9.56) are in oversold territory, suggesting a potential reversal.
- MACD: -1.18 (MACD line) and -0.13 (signal line), indicating bearish momentum.
- Bollinger Bands: The stock is near the lower band, indicating potential undervaluation.
- Fibonacci Levels: Pivot at $7.57, with support levels at $6.60 and $6.01, and resistance at $8.54 and $9.13.
Analysis:
The stock is currently in a bearish trend with oversold conditions. The Stochastic Oscillator suggests a possible reversal, but the MACD and RSI indicate continued bearish momentum. The stock is approaching the first support level at $6.60, which may act as a floor, but a break below $6.01 could lead to further decline.
Volume:
High volume on the last trading day (over 11 million shares) indicates potential trend reversal if the price begins to rise.
Recommendation:
Sell IREN stock at the current price of $7.245, as technical indicators suggest continued downward pressure with potential support levels that might not hold.
IREN FAQs
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Is IREN a buy based on overall technical signals summary?
IREN Buy or Sell
IREN has 2 buy signals and 5 sell signals now. Overall the technical rating for IREN is Sell.
Sell
Sell
5
Buy
2
IREN Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 6.46 below the SMA_5. In the short term, the stock shows a negative trend with the 7.08 below the SMA_20. In the mid term, the stock shows a negative trend with the 7.26 below the SMA_60. In the long term, the stock shows a positive trend with the 9.87 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about IREN's current trend?What are IREN's key support and resistance levels?