Technical Analysis for IIPR - Innovative Industrial Properties, Inc.

Grade Last Price % Change Price Change
F 102.23 -1.20% -1.24
IIPR closed down 1.2 percent on Friday, November 15, 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 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 Down

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Calm After Storm Range Contraction -1.20%
NR7 Range Contraction -1.20%
Lower Bollinger Band Walk Weakness -1.20%
Inside Day Range Contraction -1.20%
Wide Bands Range Expansion -1.20%

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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 72.8375
Average Volume 207,351
200-Day Moving Average 109.66
50-Day Moving Average 127.39
20-Day Moving Average 121.92
10-Day Moving Average 112.29
Average True Range 4.52
RSI (14) 23.08
ADX 34.11
+DI 8.05
-DI 39.17
Chandelier Exit (Long, 3 ATRs) 122.26
Chandelier Exit (Short, 3 ATRs) 114.88
Upper Bollinger Bands 146.99
Lower Bollinger Band 96.85
Percent B (%b) 0.11
BandWidth 41.13
MACD Line -7.39
MACD Signal Line -4.58
MACD Histogram -2.8102
Fundamentals Value
Market Cap 2.87 Billion
Num Shares 28 Million
EPS 5.78
Price-to-Earnings (P/E) Ratio 17.69
Price-to-Sales 8.63
Price-to-Book 1.33
PEG Ratio 0.00
Dividend 7.20
Dividend Yield 7.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 106.15
Resistance 3 (R3) 106.45 105.44 105.50
Resistance 2 (R2) 105.44 104.44 105.29 105.28
Resistance 1 (R1) 103.84 103.83 103.33 103.54 105.06
Pivot Point 102.83 102.83 102.58 102.68 102.83
Support 1 (S1) 101.22 101.83 100.72 100.92 99.40
Support 2 (S2) 100.21 101.21 100.06 99.18
Support 3 (S3) 98.61 100.21 98.96
Support 4 (S4) 98.31