IREN Shares Plunge 0.56% to 380th in Volume Amid Bitcoin Gains and Analyst Divergence

On August 13, 2025, IREN shares closed at $17.73, down 0.56% from the previous day’s close, with a trading volume of $300 million, ranking 380th in market activity. The stock’s performance followed a mixed session, with a high of $18.60 and a low of $17.71, reflecting volatility amid mixed analyst signals.

Recent news highlights IREN’s operational strength, including a report of 728 Bitcoin mined in July, generating $65.6 million in hardware profits. Analysts noted a golden cross signal, suggesting short-term bullish momentum. However, JPMorgan downgraded IREN to a neutral rating, citing regulatory risks and market consolidation in the mining sector. The firm also cut Riot Platforms and MARA Holdings to neutral, indicating sector-wide caution.

Technical indicators show mixed signals. While moving averages suggest a buy signal in the short term, a sell signal emerged from a pivot top on July 23, 2025, with a 6.11% decline since. Support levels at $17.72 and $16.57 are critical for near-term stability. The 3-month MACD divergence remains a cautionary factor, though volume declines on the last trading day reduced immediate risk.

A backtest of a volume-based trading strategy (top 500 stocks held one day) from 2022 to 2025 showed a $2,550 profit, with a maximum drawdown of -15.4% on October 27, 2022. This underscores the strategy’s volatility but confirms a net positive return over the period.