IREN Weekly Technical Analysis
Iris Energy Ltd
Bitcoin miner focusing on renewable energy-powered operations.
IREN Technical Analysis Summary
IREN is undergoing a healthy correction after a parabolic advance, currently finding support near its 20-week moving average. While the long-term trend is decisively bullish with rising moving averages, the weekly MACD crossover suggests momentum has paused, favoring a period of consolidation before trend resumption.
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IREN Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
The price is in a corrective phase following a parabolic rally, currently testing support at the 20-week SMA. The MACD bearish crossover indicates cooling momentum, suggesting consolidation.
Long-term Sentiment (weeks to months): Bullish
The stock remains in a strong primary uptrend, trading well above the rising 50-week and 200-week SMAs. The RSI is in bullish territory despite the recent pullback.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:37:19.111Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $49.00 | $48.00 - $50.00 | Strong | Confluence of the 20-week SMA (Bollinger Band basis) and recent consolidation lows. |
| $34.00 | $32.00 - $36.00 | Strong | Major breakout zone and previous consolidation area before the vertical rally. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $66.00 | $64.00 - $68.00 | Weak | Area of recent weekly highs and the upper Bollinger Band. |
| $78.00 | $76.00 - $80.00 | Strong | Recent swing high and all-time high area. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Bull Flag / Consolidation | Bullish | N/A | After a steep vertical ascent, price is flagging down in a controlled manner, testing dynamic support. |
Frequently Asked Questions about IREN
What is the current sentiment for IREN?
The short-term sentiment for IREN is currently Neutral because The price is in a corrective phase following a parabolic rally, currently testing support at the 20-week SMA. The MACD bearish crossover indicates cooling momentum, suggesting consolidation.. 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 $49.00 and $34.00. 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 53/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
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