INNOVATIVE INDUSTRIAL PROPER (IIPR) Stock Technical Analysis
NYSE:IIPR - New York Stock Exchange, Inc. - US45781V1017 - REIT - Currency: USD
We assign a technical rating of 3 out of 10 to IIPR. In the past year, IIPR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, IIPR is a bad performer in the overall market: 90% of all stocks are doing better.
IIPR is one of the lesser performing stocks in the Diversified REITs industry. 86% of 129 stocks in the same industry do better.
IIPR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IIPR is lagging the market.
In the last month IIPR has a been trading in the 53.80 - 58.66 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Although the technical rating is bad, IIPR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 58.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.96, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
53.70
58.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 56.20 to 56.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 54.24 to 54.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.05 to 58.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for IIPR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IIPR is up. |
| ChartMill Relative Strength | 10.72 | NEGATIVE | IIPR has a low relative strength, it was outperformed by 89.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IIPR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IIPR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IIPR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.81 | NEUTRAL | The RSI value for IIPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests IIPR has a positive trend. |
| Stochastics (14,3) | 79.97 | NEUTRAL | The Stochastics value for IIPR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for IIPR suggests some volalility. |
| Average Directional Index/ADX (14) | 12.54 | NEGATIVE | The low ADX value for IIPR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
58.04
+0.15 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.26%
1 Week2.04%
2 Weeks5.95%
1 Month4.75%
3 Month-8.76%
6 Month-21.21%
12 Month-46.12%
2 Year-20.5%
3 Year-47.17%
5 Year-34.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.32
ATR(20)%2.27%
ATR Inc13.76%
Range Today1.33
ADR(20)1.25
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.72
Mansfield-3.8
10 Day High58.66
10 Day Low55
20 Day High58.66
20 Day Low53.8
52 Week High138.35
52 Week Low45.44
CS1 End56.96
CR1 Start58.05
Volume & EV
DER(3)0.39%
DER(5)-0.2%
Volume441.80K
Volume Incr27.55%
Vol(5)274.50K
Vol(50)259.70K