· Weekly signal · IREN
IREN Ltd (IREN) weekly setup weakens as drawdown broadens
The slide matters because short-term pressure is cutting into a still-positive medium-term move, leaving the evidence mixed.
IREN Ltd (IREN) closed at $47.21 in the latest weekly data, falling -21.3% for the week as the four-week return sank to -25.7%.
The confirming signals were uneven. Market Dynamics remained positive at 0.67, but Relative Strength was -2.1, and latest weekly turnover of 193.4 million shares sat at 0.9x the 13-week average.
The chart shows a weekly price path over 52 weeks, framing the move as weekly context rather than live intraday action. The active-mover screen still showed volume pressure at 1.4x, keeping attention on follow-through.