IREN in Stage 4 Downtrend, Deep Base Signals Caution

Posted on by Eben@CANSLIM Research
IREN daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

IREN is currently trading at $42.21, entrenched in a Stage 4 decline with the price below a falling 30-week moving average. The technical setup reveals a deep, faulty base with a 61.6% depth, indicating elevated failure risk. Overall sentiment is bearish, with the stock down 44.8% from its high and lacking any bullish trend confirmation.

As of 2026-08-25 · Close $42.21

Stage 4 (Declining) — Price below a declining 30-week MA — downtrend (30-week MA 6-week slope: -3.62%)

⚠️ Faulty cup warning: the base is 61.6% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.

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