Is Iris Energy Ltd. technically bullish or bearish?

Jun 25 2025 09:12 AM IST
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As of June 5, 2025, the technical trend is mildly bullish, supported by positive weekly indicators like the MACD and Bollinger Bands, despite some short-term caution from daily moving averages.
As of 5 June 2025, the technical trend has changed from sideways to mildly bullish. The current technical stance is mildly bullish, driven by several key indicators. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish, indicating upward momentum. The KST is also bullish on both weekly and monthly time frames. However, the daily moving averages are mildly bearish, which suggests some short-term caution. The Dow Theory indicates a mildly bullish stance on the monthly chart, while the OBV is bullish on the monthly as well. Overall, the strength of the bullish trend is moderate, supported by positive momentum in the weekly indicators despite some mixed signals in the daily timeframe.
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