IREN Daily Technical Analysis
Iris Energy Ltd
Bitcoin miner focusing on renewable energy-powered operations.
IREN Technical Analysis Summary
IREN is technically bullish on the long-term timeframe, supported by rising 50-day and 200-day moving averages. In the short term, the stock is in a consolidation phase, hovering near the 20-day SMA with neutral RSI and MACD readings. The narrowing negative histogram on the MACD suggests selling pressure is waning, potentially setting up for a move if it holds above the 50-day SMA support.
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IREN Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating directly on the 20-day SMA (Bollinger Band basis) with the RSI flat near 52, indicating a lack of immediate directional momentum.
Long-term Sentiment (weeks to months): Bullish
The stock remains in a strong primary uptrend, trading well above the rising 50-day (46.75) and 200-day (32.20) SMAs.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:14:59.318Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $46.50 | $46.00 - $47.00 | Strong | Confluence of the 50-day SMA and recent consolidation support. |
| $43.50 | $43.00 - $44.00 | Strong | Recent swing low and proximity to the Lower Bollinger Band. |
| $39.00 | $38.00 - $40.00 | Strong | Major swing low from December/January correction. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $62.50 | $62.00 - $63.00 | Weak | Recent local high and Upper Bollinger Band area. |
| $75.00 | $74.00 - $76.00 | Strong | Major overhead resistance from the November highs (Double Top area). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Consolidation / Higher Low | Bullish | $62.00 | After a correction from highs, price formed a higher low around 43 compared to the December low, suggesting trend continuation potential. |
Frequently Asked Questions about IREN
What is the current sentiment for IREN?
The short-term sentiment for IREN is currently Neutral because Price is consolidating directly on the 20-day SMA (Bollinger Band basis) with the RSI flat near 52, indicating a lack of immediate directional momentum.. The long-term trend is classified as Bullish.
What are the key support levels for IREN?
StockDips.AI has identified key support levels for IREN at $46.50 and $43.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is IREN in a significant dip or a Value Dip right now?
IREN has a Value Score of 75/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.