Open BUY · week 2 · US stocks
IREN drops 15.7%: third straight weekly loss as money flow turns negative again
Our view last week
A second straight weekly decline for IREN: the stock drops 5.4% and slips back below its 50-week moving average, in the 41.8 area, and below the 20-week average too. The buy signal that fired last week fails its confirmation: IREN stock closes the follow-up week lower, with contracting volumes and the weekly MACD under its Signal line. Technical analysis does show weekly money flow back in positive territory after 14 weeks. A wide, volatile move: the price action calls for discipline.
This week's summary
A third straight weekly decline for IREN, and the heaviest: -15.7%, with weekly money flow back below zero after a single week above it. Technical analysis of IREN stock shows price action in a distribution phase, and the weekly buy signal still lacks confirmation. Price closed below the first stop level (SL1) flagged in last week's card (37.18 area): for anyone following that level the trade is closed. The close and the Inversion Point, in the 37 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
IQS Phase
29
compressed / accumulation
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#52 / 92
US stocks in progress
Trade P&L %
-20.25%
from signal to date, no stop loss
Rank position
ranks 52nd among the 92 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly -0.52% · monthly +5.81%
IREN belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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