IREN Ltd (IREN)

IREN Ltd is trading at $23.95, down 8.76% on the session. The 50 day average sits at $38.16 and the 200 day at $44.50, which puts the stock in a downtrend. RSI is at 33.7, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $23.72 with resistance near $43.91, so that band frames the current range. Average daily movement is roughly $2.61, or about 10.9% of the share price, which is what any stop placement has to allow for. The overall health score of 16 out of 100 combines a trend score of 0, momentum of 20 and a risk score of 34.

IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia.