INNOVATIVE INDUSTRIAL PROPERTIES - Daily - Technical analysis published on 02/11/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 90.08 USD
My targets
99.10 USD (+7.04%)
112.74 USD (+21.78%)
My analysis
INNOVATIVE INDUSTRIAL PROPERTIES is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 90.08 USD. The next resistance located at 99.10 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 112.74 USD. After this resistance, buyers could then target 119.69 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INNOVATIVE INDUSTRIAL PROPERTIES rating is 92.58 USD. On the day, this instrument lost +0.57% and was traded between 91.09 USD and 92.99 USD over the period. The price is currently at +1.64% from its lowest and -0.44% from its highest.91.09
92.99
92.58
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of INNOVATIVE INDUSTRIAL PROPERTIES indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 70.97 | 79.47 | 90.08 | 92.58 | 99.10 | 112.74 | 119.69 |
| Change (%) | -23.34% | -14.16% | -2.70% | - | +7.04% | +21.78% | +29.28% |
| Change | -21.61 | -13.11 | -2.50 | - | +6.52 | +20.16 | +27.11 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.25 | 89.51 | 90.78 | 92.04 | 93.31 | 94.57 | 95.84 |
| Camarilla | 91.36 | 91.60 | 91.83 | 92.06 | 92.29 | 92.52 | 92.76 |
| Woodie | 88.27 | 89.51 | 90.80 | 92.04 | 93.33 | 94.57 | 95.86 |
| Fibonacci | 89.51 | 90.47 | 91.07 | 92.04 | 93.00 | 93.60 | 94.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.30 | 87.43 | 89.98 | 93.11 | 95.66 | 98.79 | 101.34 |
| Camarilla | 90.96 | 91.48 | 92.00 | 92.52 | 93.04 | 93.56 | 94.08 |
| Woodie | 84.00 | 87.29 | 89.68 | 92.97 | 95.36 | 98.65 | 101.04 |
| Fibonacci | 87.43 | 89.60 | 90.94 | 93.11 | 95.28 | 96.62 | 98.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.49 | 62.20 | 75.85 | 85.55 | 99.20 | 108.91 | 122.56 |
| Camarilla | 83.08 | 85.22 | 87.36 | 89.50 | 91.64 | 93.78 | 95.92 |
| Woodie | 54.47 | 63.18 | 77.82 | 86.54 | 101.18 | 109.90 | 124.53 |
| Fibonacci | 62.20 | 71.12 | 76.63 | 85.55 | 94.47 | 99.99 | 108.91 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.47 | |
| MACD (12,26,9): | 4.0200 | |
| Directional Movement: | 4.09 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 94.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.14 | |
| Elder Ray (13): | 1.13 | |
| Super Trend (3,10): | 85.58 | |
| Zig ZAG (10): | 92.58 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 80.38 | |
| TEMA (21): | 95.76 | |
| Williams %R (14): | -18.64 | |
| Chande Momentum Oscillator (20): | 11.82 | |
| Repulse (5,40,3): | -0.8600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7300 | |
| Courbe Coppock: | 26.98 |
| MA7: | 93.56 | |
| MA20: | 88.26 | |
| MA50: | 80.22 | |
| MA100: | 80.26 | |
| MAexp7: | 92.59 | |
| MAexp20: | 88.75 | |
| MAexp50: | 83.85 | |
| MAexp100: | 83.45 | |
| Price / MA7: | -1.05% | |
| Price / MA20: | +4.89% | |
| Price / MA50: | +15.41% | |
| Price / MA100: | +15.35% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +4.32% | |
| Price / MAexp50: | +10.41% | |
| Price / MAexp100: | +10.94% |
News
Don"t forget to follow the news on INNOVATIVE INDUSTRIAL PROPERTIES. At the time of publication of this analysis, the latest news was as follows:
- Innovative Industrial Properties to Report 2019 Fourth Quarter and Year End Results
- Innovative Industrial Properties Acquires Ohio Property and Enters Into Long-Term Lease with Green Thumb Industries (GTI)
- Innovative Industrial Properties Announces Tax Treatment of 2019 Distributions
- Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock
- Innovative Industrial Properties Acquires Property in Ohio and Enters Into Long-Term Lease with Cresco Labs
This member declared not having a position on this financial instrument or a related financial instrument.
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