Technical Analysis for IIPR - Innovative Industrial Properties, Inc.

Grade Last Price % Change Price Change
D 107.12 1.28% 1.35
IIPR closed up 1.28 percent on Friday, November 22, 2024, on 75 percent of 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 downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Shooting Star Candlestick Bearish 1.28%
Wide Bands Range Expansion 1.28%
Oversold Stochastic Weakness 1.28%
1,2,3 Retracement Bearish Bearish Swing Setup 1.73%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 1.73%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 13 hours ago
Possible Inside Day about 13 hours ago
60 Minute Opening Range Breakdown about 16 hours ago
Gap Up Partially Closed about 17 hours ago
Gapped Up (Partial) about 17 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 136.805
52 Week Low 73.0433
Average Volume 214,299
200-Day Moving Average 110.13
50-Day Moving Average 125.56
20-Day Moving Average 115.36
10-Day Moving Average 104.96
Average True Range 3.97
RSI (14) 34.64
ADX 38.76
+DI 12.38
-DI 30.80
Chandelier Exit (Long, 3 ATRs) 123.87
Chandelier Exit (Short, 3 ATRs) 113.23
Upper Bollinger Bands 140.12
Lower Bollinger Band 90.61
Percent B (%b) 0.33
BandWidth 42.92
MACD Line -6.60
MACD Signal Line -6.21
MACD Histogram -0.3873
Fundamentals Value
Market Cap 3 Billion
Num Shares 28 Million
EPS 5.78
Price-to-Earnings (P/E) Ratio 18.53
Price-to-Sales 8.63
Price-to-Book 1.33
PEG Ratio 0.00
Dividend 7.20
Dividend Yield 6.72%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 109.30
Resistance 3 (R3) 109.15 108.27 108.94
Resistance 2 (R2) 108.27 107.72 108.35 108.81
Resistance 1 (R1) 107.70 107.38 107.99 107.85 108.69
Pivot Point 106.82 106.82 106.97 106.90 106.82
Support 1 (S1) 106.25 106.27 106.53 106.39 105.55
Support 2 (S2) 105.37 105.92 105.44 105.43
Support 3 (S3) 104.79 105.37 105.30
Support 4 (S4) 104.94