IREN IREN Limited
Trend channel, buy level and 3-month target. Information only, not financial advice.
Below the channel · 12-month channel falling
Closed below support (US$27.26). Treat the buy level with caution.
- 18-month channel
- US$27.24 – US$45.46 · rising, +72% a year
- 12-month channel read from
- US$27.26 – US$43.63 · falling, −25% a year
- Price in channel
- −20% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$43.63
- Published levels
- Buy and target are not from this channel — see below.
What broke this trend
- The fall
- -69% from US$76.415 Nov 2025 → 30 Oct 2026
- Whose problem it was
- This companyno peer group to compare against
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 0%of what it lost
- What the record says
- 47% of 423 comparable falls came back, typically in 162 days measured across every stock we hold history for, its peer group being too small
Fell -69% (5 Nov 2025 → 30 Oct 2026); regained 0% so far; company-specific.
Reported at the time: IREN Signs $9.7B AI Cloud Services Agreement With Microsoft To Deploy NVIDIA GB300 GPUs Across 750MW Texas Campus — 3 Nov 2025
Price history, with the path projected 3 months forward
Updated 6:30 AM ET (4 h ago)
- Daily close
- Upper trend line (18 months)
- Lower trend line (18 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$23.97
level as at 1 Nov 2026
Our target
US$29.96
by 15 Nov 2026
Projected move
25.0%
gross, before costs
Price is at or below our buy.
Target: IREN's usual move size (25.0%), the best return per day on this path.
This move size: reached in 60% of 8 past stretches, typically in 14 days. (1.79% per day)
- Upper line touches
- 2
- Lower line touches
- 3
- Fit confidence
- 38%
- Fitted
- 1 Nov 2026
Company information
About IREN Limited
IREN Limited, established in 2018 and based in Sydney, Australia, operates a comprehensive, vertically integrated data center business spanning Australia and Canada. The company possesses and manages all essential infrastructure, including its computing hardware, electrical systems, and the data center facilities themselves. A primary undertaking for IREN Limited is the mining of Bitcoin, a scarce digital asset created and exchanged via a decentralized, peer-to-peer computer network utilizing specialized Bitcoin software. The company was previously named Iris Energy Limited, officially adopting IREN Limited in November 2024.
- Sector
- Technology
- Industry
- Software - Services
- CEO
- William Roberts
- Employees
- 685
- Country
- AU
Scorecard
Our own scores from the fundamentals below (not Morningstar ratings).
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$9.69B
- Enterprise value
- —
- Beta
- 4.27
- Avg volume
- 45.43M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 23.06-76.87
- Exchange
- NASDAQ
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.