Strong bounce, weak volume confirmation
IREN Limited: up 10.3% this week, but sellers dominate the last bar
Strong bounce, weak volume confirmation
Our view last week
This week IREN Limited dropped 18.3%, though a clean double bottom formed intraweek in the 37 area with a 23% intermediate rebound off the lows — a bounce the tape didn't back: sellers ruled the last bar to an extreme and distribution stays heavy. The Sell signal, now in its third week, keeps making lower lows; the short already sits at 13.4% profit. IREN stock stays high-risk per our model for a fresh opening.
This week's summary
IREN closes the week up 10.3%, but the read underneath tells a different story: the bounce comes off a clean double bottom in the 37 area, and on the last bar sellers are overwhelmingly in control, with just 1.6% of volume on the buy side. IREN stock stays inside a Sell signal now in its fourth week, with the short already 4.5% in profit: distribution stays heavy and the bounce doesn't convince.
IQS Phase
74
in tension
Signal Strength
36
decline losing steam
Sizing
REDUCED
Ranking
#74 / 141
US stocks sell signals
Trade P&L %
+4.51%
from signal to today
Rank position
ranks 74th among the 141 sell signals for US stocks in our ranking, with a signal strength of 36 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
IREN belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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