IREN Limited shows several negative signals, indicating a weak performance in the short term. The stock is in a wide and falling trend, with a negative evaluation from analysts. Key technical indicators and recent performance suggest a bearish outlook, with potential for further decline. Investors should monitor operational milestones and cash flow conversion as primary drivers of IREN's stock trajectory. The stock's current price is considered overvalued, and a further downtrend is expected. A sell signal has been issued based on the 3-month Moving Average Convergence Divergence (MACD). The price-to-earnings ratio is also signaling a potential downturn.