IREN 200-week moving average: where's the cycle bottom?

IREN Composite SMA Squeeze & Derived Risk Metric

Reading the moving-average chart

Weekly candle labelled : the plotted close is $22.19. Compare it with the three averages at the same candle below. A positive gap means the close is above that average; a negative gap means it is below.

AveragePlotted valueClose vs average
20-week average$37.21-40.4%
100-week average$32.37-31.4%
200-week average$19.23+15.4%

The lower panel reads 0.342 on a 0–1 scale. It averages the chart’s 20-, 100- and 200-week sigmoid risk readings. This is a model indicator, not a probability of loss or a forecast of the next price move.

Weekly candles are labelled by period end, so the current candle may be incomplete. See how composite moving-average risk works and the research methodology.