IREN Daily Technical Analysis
Iris Energy Ltd
Bitcoin miner focusing on renewable energy-powered operations.
IREN Technical Analysis Summary
IREN is exhibiting a strong long-term recovery trend, firmly positioned above both its 50-day and 200-day moving averages. In the short term, the price is undergoing a healthy pullback from resistance near 60, with momentum indicators like the MACD showing diminishing bullish strength but maintaining a positive crossover. The zone between 45 and 47 serves as critical dynamic support for the continuation of the uptrend.
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IREN Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is pulling back from recent highs near 60 with a red daily candle. While still above the 20-day SMA, the MACD histogram shows waning momentum, and the RSI has retreated from overbought territory to neutral (55.66).
Long-term Sentiment (weeks to months): Bullish
The stock is in a clear uptrend, trading significantly above the rising 50-day (45.74) and 200-day (30.39) SMAs. The recovery from the December lows shows a consistent structure of higher highs and higher lows.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:13:27.375Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $46.56 | $45.74 - $47.37 | Strong | Confluence of the 20-day SMA (Bollinger Band midline) and the 50-day SMA. |
| $36.33 | $35.65 - $37.00 | Strong | Lower Bollinger Band and area of recent consolidation before the last leg up. |
| $30.45 | $30.39 - $30.50 | Weak | 200-day SMA providing long-term structural support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $59.54 | $59.08 - $60.00 | Strong | Recent local swing high coinciding with the upper Bollinger Band. |
| $77.00 | $76.00 - $78.00 | Strong | Major swing high from late 2025. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Uptrend Recovery | Bullish | $60.00 | Since bottoming in December, the price has established a series of higher highs and higher lows, reclaiming key moving averages. |
| Weak | Consolidation / Pullback | Neutral | N/A | Short-term consolidation following a rejection near the upper Bollinger Band. Price is testing intermediate support zones. |
Frequently Asked Questions about IREN
What is the current sentiment for IREN?
The short-term sentiment for IREN is currently Neutral because Price is pulling back from recent highs near 60 with a red daily candle. While still above the 20-day SMA, the MACD histogram shows waning momentum, and the RSI has retreated from overbought territory to neutral (55.66).. 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 $46.56 and $36.33. 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 16/100. 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.
View the full interactive analysis on StockDips.AI.