Technical Analysis for IIPR - Innovative Industrial Properties, Inc.

Grade Last Price % Change Price Change
B 107.70 -1.59% -1.74
IIPR closed down 1.59 percent on Wednesday, May 8, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New Uptrend Bullish -1.59%
Calm After Storm Range Contraction -1.59%
Upper Bollinger Band Walk Strength -1.59%
Earnings Movers Other -1.59%
Multiple of Ten Bearish Other -1.59%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 6 hours ago
Down 2 % about 10 hours ago
Gapped Down (Full) about 10 hours ago
Fell Below Previous Day's Low about 10 hours ago
Down 1% about 10 hours ago

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Profile

Innovative Industrial Properties, Inc. Description

Innovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases. It is focused on leasing its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including maintenance, taxes and insurance. The Company intends to conduct business in an umbrella partnership real estate investment trust (UPREIT), structure through its operating partnership. The Company's real estate investments will consist of primarily properties suitable for cultivation and production of medical-use cannabis.


Classification

Sector: Real Estate
Industry: REIT - Industrial
Keywords: Real Estate Investment Trust Cannabis Contract Law Real Estate Investment Industrial Properties Leasing Lease David Sobelman Leaseback W. P. Carey Private Law

Is IIPR a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 111.7116
52 Week Low 59.9503
Average Volume 229,699
200-Day Moving Average 85.99
50-Day Moving Average 99.20
20-Day Moving Average 100.50
10-Day Moving Average 104.60
Average True Range 2.96
RSI (14) 65.16
ADX 27.35
+DI 34.82
-DI 15.80
Chandelier Exit (Long, 3 ATRs) 102.84
Chandelier Exit (Short, 3 ATRs) 102.39
Upper Bollinger Bands 111.37
Lower Bollinger Band 89.64
Percent B (%b) 0.83
BandWidth 21.62
MACD Line 2.85
MACD Signal Line 1.76
MACD Histogram 1.0908
Fundamentals Value
Market Cap 3.02 Billion
Num Shares 28 Million
EPS 5.78
Price-to-Earnings (P/E) Ratio 18.63
Price-to-Sales 8.63
Price-to-Book 1.33
PEG Ratio 0.00
Dividend 7.20
Dividend Yield 6.69%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 110.64
Resistance 3 (R3) 110.58 109.55 110.15
Resistance 2 (R2) 109.55 108.80 109.58 109.99
Resistance 1 (R1) 108.62 108.34 108.11 108.68 109.82
Pivot Point 107.59 107.59 107.33 107.62 107.59
Support 1 (S1) 106.66 106.84 106.15 106.72 105.58
Support 2 (S2) 105.63 106.38 105.66 105.41
Support 3 (S3) 104.70 105.63 105.25
Support 4 (S4) 104.76