IREN SPA (IRE.MI) Stock Technical Analysis
BIT:IRE - Borsa Italiana Milan - IT0003027817 - Common Stock - Currency: EUR
We assign a technical rating of 8 out of 10 to IRE. Although IRE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
IRE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IRE has a been trading in the 1.88 - 2.10 range, which is quite wide. It is currently trading near the high of this range.
IRE has an average volume of 1421570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IRE outperforms 60% of them, which is more or less in line with the market.
IRE is part of the Multi-Utilities industry. There are 14 other stocks in this industry, IRE did better than 69% of them.
Besides having an excellent technical rating, IRE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.09. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.73
2.12
We found 6 important support areas.
- A support zone ranging from 2.07 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.97 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.87 to 1.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.82 to 1.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.78 from a trend line in the weekly time frame.
- Support @1.75 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.73
Mansfield-0.04
10 Day High2.1
10 Day Low2.02
20 Day High2.1
20 Day Low1.88
52 Week High2.1
52 Week Low1.71
Performance
1 Week1.16%
2 Weeks0.77%
1 Month8.2%
3 Month7.03%
6 Month13.74%
12 Month17.52%
2 Year27.12%
3 Year-17.09%
5 Year-25.61%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)64.47
LBB2.01
UBB2.11
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.11 | 2.01 | 0.10 (4.64%) | 21.53% |
| An entry @2.11. This is a Buy Stop order right above the resistance zone. | An exit @2.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 4.64%. | For a 1.00% total portfolio risk, you can invest 21.53% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
IREN SPA
BIT:IRE (2/5/2025, 12:36:44 PM)
2.102
+0.02 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.77%
1 Week1.16%
2 Weeks0.77%
1 Month8.2%
3 Month7.03%
6 Month13.74%
12 Month17.52%
2 Year27.12%
3 Year-17.09%
5 Year-25.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%1.85%
ATR Inc-41.77%
Range Today0.03
ADR(20)0.04
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.73
Mansfield-0.04
10 Day High2.1
10 Day Low2.02
20 Day High2.1
20 Day Low1.88
52 Week High2.1
52 Week Low1.71
CS1 End2.01
CR1 Start2.09
Volume & EV
DER(3)2.82%
DER(5)2.4%
Volume104.55K
Volume Incr-25.57%
Vol(5)1.17M
Vol(50)1.42M