IIPRGreat earnings ...would like to see it get back into the long term channel. Shouldn't be effected by the news but people get emotional.
0JBD trade ideas
$IIPR a lesser known #potstock reaching for the #moonEveryone needs to pay their rent.
$IIPR is by far the strongest name in the sector
A real lesson in trend following here
And a real lesson in who is actually making money in the sector and attracting a bid in the market
$IIPR trade setup into earnings Innovative Industrial Properties, Inc. focuses on the acquisition, ownership and management of industrial properties. It includes properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities. The firm intends to acquire properties through sale-leaseback transactions and third-party purchases. The company was founded by Gold, Alan D. and Smithers, Paul E. on June 15, 2016 and is headquartered in San Diego, CA.
IIPR: Broke $86 Key Level a While Ago: Now it Will Soar!I noted about a month ago that IIPR remained as neutral for investors until it broke the 86.00 level then re-tested it. Obviously, we have clearly done that and as such I am incredibly bullish on IIPR.
The stock found support about 40% off its peak to low during the weed bear market which is far better then many others that plummeted 100-200%+. During this time, IIPR actually hiked their dividends and continued to post record revenue, profit and EPS growth which are all signs of an excellently managed company.
IIPR will likely become one of the stock markets favourite stocks again (like it was back in early 2019) and will likely surge to over $150 before the end of 2020. The tables will slowly turn for the better in the weed sector later in 2020 and that will keep IIPR elevated inherently.
This will be one of the stock markets top dividend growth stocks and small cap stocks!
Technicals: Cup to Shallow Handle
2020 TP: 150+
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Innovative Industrial Properties leaseback with GTBIF
Possible entry level $90.00
target price $101
Stop loss $87.76
New leaseback agreement.
Innovative Industrial Properties (NYSE:IIPR) closes on a sale-leaseback deal with Green Thumb Industries (OTCQX:GTBIF) for a licensed processing facility in Toledo, OH, for a purchase price of $2.9M.
GTI also expects to make certain improvements to the property, for which IIPR agrees to provide reimbursement of up to $4.3M.
This sale-leaseback transaction mark IIPR’s second acquisition and lease with GTI, with a prior sale-leaseback transaction for GTI’s licensed medical cannabis cultivation and processing facility in Pennsylvania completed in November of last year.
Innovative Industrial Properties, Inc. focuses on the acquisition, ownership and management of industrial properties. It includes properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities. The firm intends to acquire properties through sale-leaseback transactions and third-party purchases. The company was founded by Gold, Alan D. and Smithers, Paul E. on June 15, 2016 and is headquartered in San Diego, CA.
IIPR Bullish Perspective
Possible entry on break above .382 Fib @ $96.00
target price below Fib golden pocket at $111
Stop loss $91
Very volatile but high reward.
Short interest high at 25.6%, major catalyst
Major bounce from long term support (bullish)
Major downtrend broken
Company profile
Innovative Industrial Properties, Inc. focuses on the acquisition, ownership and management of industrial properties. It includes properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities. The firm intends to acquire properties through sale-leaseback transactions and third-party purchases. The company was founded by Gold, Alan D. and Smithers, Paul E. on June 15, 2016 and is headquartered in San Diego, CA.
IIPR Adam & Eve Pattern| Bull Flag| Bull Volume Needed!Hello Traders!
Today’s chart update will be on IIPR which has a potential bullish pattern playing out – an Adam and Ever reversal formation that will be confirmed by a break of structural resistance.
Points to consider,
- Bullish pattern coming to fruition
- Structural resistance to break
- EMA’s supporting price
- Stochastics in upper region
- RSI trending up
- Bull volume required
IIPR’s Adam and Eve will be confirmed by a break and a close above current structural resistance, price is now consolidating near this resistance in a potential bull flag, a hold of this level will mean a confirmed S/R flip.
EMA’s currently supporting price, needs to hold true when key levels are broken for a continued bullish bias.
Stochastics is trading in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. RSI as of now is respecting its uptrend, a break of its line will cool it off to neutral levels.
Bull volume needs to come true in this current bull flag otherwise this whole set up will be negated, we have notable bear volume as of now.
Overall, in my opinion, that chart will be confirmed bullish once structural resistance is broken with confirmed bull volume. IIPR does have bullish formations but are not confirmed as of yet.
What are your thoughts?
Please leave a like and comment,
And remember,
“Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.”
― Yvan Byeajee,
IIPR Bull FlagIIPR could be forming a bull flag. Indicators are cooling, relatively good volume, but speculative play.
IIPR: Sentiment Remains Neutral Until Break/Re-Test $86IIPR is one of my top stocks for the Cannabis sector. Excellent growth, excellent potential and plenty of upside. This will likely have one of the top CAGRs over the next half decade for dividend stocks.
As expected with Cannabis, there is still a HUGE amount of short interest in the entire sector so investors must be aware that what can go up 5-10% in a day can come down 5-10% the next day.
I believe one of two possibilities will happen as per my magenta and yellow line. My bet is currently on the magenta line as I see a cup forming off the monthly to likely $86-87 with likely a handle a few dollars below that resistance level. With 'weed' sentiment turning the corner seemingly as of very recently, I don't foresee this stock failing to breakout for too much longer, however I have shown both possibilities for investors.
My TP of $120-130 by year-end still remains that I put out a month ago. IF 'weed' sentiment can drastically change which is possible, theres no reason to believe why this stock cannot make ATHs.
Target areas shown on screen.
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IIPR – Cannabis REIT Bullish BreakoutTrade Entry
Feb. 21 Expiry - Put Credit Spread – 80/85 strikes – Trying for $3.00 credit. Lowest acceptable $2.80. Max risk $218. Max Gain $300. 62% POP
I will update if I get filled on this order. Better than 1:1 risk/reward and better than 60% probability of profit. Meets minimum requirement.
Personal opinion - this is great REIT. Previous high over $140 is almost a 2x from here. Good opportunity.
Chart Details
Bullish wedge price breakout.
Bullish EMA cross on 1/6 and Bullish 10WeekMA price cross on 1/9.
Next price targets in pink ($87 and $97). These are exits.
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IIPR bull breakBroke daily resistance and closed above. Indicators show underlying strength, but Stoch indicates a possible retest of local resistance at around $78 (both daily and hourly charts).
Currently closed at weekly resistance of $80.30. A break with volume above $80.30 could see IIPR look for a weekly lower high. If rejected, we'll be looking for a higher low.
IIPR IIPR is the Last weed stock that hasn't popped. (TLRY, CGC, CRON, ACB - everything has popped)
Weekly MACD is extremely bearish. Once the dead cat bounce is finished, take the short position all the way to the 40s.
IIPR Outlook: Changed from Slightly Bullish to NeutralLate last year in 2019 I was bearish on this stock and rightfully so, however earlier this year my outlook changed to slightly bullish however I have regressed back to a neutral stance (i.e. on hold).
The reason is, is that this stock, along with other stocks, like Beyond Meat, ran up very quickly in 2019 and are now suppressed by shorts and a valuation that really has no basis. IIPR continues to trade at over a 55x P/E which is absurd for essentially a REIT, however, the speculative nature and growth of the company allows it to remain at these levels.
While it looked promising that IIPR may rally on 3 or 4 occasions in the past month, every-time the rally failed and trended back to the 70-75 level and has created similar lows but lower highs. Despite dividend hikes and good earnings reports, the stock has failed to gain any ground.
So what will cause IIPR to rise? It seems like until money flows back into the cannabis sector, this stock will float around from $70-80 level but may not actually 'break-out' for "real" until money returns into the pot sector which may be later in 2020 or perhaps not until 2021.
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Bottom for IIPR?3 new leaseback deals announced just before Christmas. Dividend coming up in just 4 days, expected to increase again. IIPR blew upward, riding the MJ bubble, and deflated when that bubble burst. The current valuation is quite high, comparing fundamentals to other REITs.
It is currently attempting to break its 50 day line, and we should expect a test of the current rally attempts. With pivot points posting higher highs and higher lowes, perhaps going long at the current levels doesn't seem like a bad idea. Even if the bottom isn't in, it doesn't seem reasonable to me, that this would drop below $70, perhaps $65. Providing that the Bull Market continues...
What are your thoughts?
IIPR: Strong Buy for 2020; May Have 'Broken Out' This TimeIIPR is one of my top 2020 picks as their dividend growth has been impeccable and their stock has really only plummeted from its highs because the cannabis sector essentially went through a major correction. I believe certain (not all) cannabis stocks will make a strong rebound in 2020, but the sector itself may be 2 or so years before attracting major buyers back again. Somewhere in the near-term would be a good time to buy IIPR as I see it being one of the most explosive REITs in the entire stock market for capital appreciation and dividend growth over the mid and long-term especially as speculative money re-enters cannabis in the next 2 or 3 years (again). The sector is expected to grow exponentially by 2022-2023.
This stock may have surpassed its R1 yearly pivot and should be safe for a small entry. However, for a larger entry (unless you have a high appetite for risk) waiting for a reaction tomorrow could be essential in determining if this is the "real" break-out or not.
Having said that, I expect the stock to break-out of its long anticipated descending triangular wedge from its ATH in the early days or weeks of 2020, if it hasn't today, already.
Technicals
- Bounced off lower base on descending triangular wedge (i.e. did not break to the downside)
- End of negative sinusoidal squeeze is fading (turning to bullish)
- RSI creating a floor (bullish indicator)
- Momentum is growing (bullish indicator)
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IIPR Potential Weekly Inverse Head and ShouldersTicker: $IIPR
Can IIPR gain any traction and break weekly resistance of $87.20 these upcoming weeks to confirm the inverse head and shoulders?
Remember, Inverse head and shoulders is a pattern that signifies a trend change from bear to bulls. If bulls can break this weekly inside bar bullish, than the possibility is there.
I need to see an increase in bull volume this week with a bull break of $75.40 to be interested in this name. If we get that, I will be very interested in a position.
Let see if this bull market can provide any fuel for the bulls to run.
IIPR Macro Higher Low ? 100 EMA to break!Hello Traders!
Today’s chart update will be on IIPR – Innovative Industrial Properties INC where bulls are attempting to put in a new higher low, a trend change may be coming to fruition.
Points to consider,
- Potential new higher low
- Structural resistance needs to break
- Support in green zone
- RSI respecting support
- Stochastics projected upwards
- Strong VPVR cluster to break
- Volume below average
- 100 EMA to breach
IIPR’s overall trend has been bearish with consecutive lower lows; a trend change will come to fruition when a new higher low and higher high is established. Structural resistance is key to break, IIPR was rejected twice with the help from the EMA’s, this resistance is very key to brach otherwise the potential new higher low will be negated.
Support was formed in the green zone, a clear double bottom at current given time; this is a strong macro reversal pattern. The RSI is also respecting its support line, we need a third clear touch for confirmation.
Stochastics is projected upwards, can stay in the lower regions for an extended period of time, however there is lots of stored momentum to the upside. The VPVR cluster with strong volume of transaction is further resistance to break, volume of transactions decreases drastically after this cluster, signalling low resistance poised for the bulls.
The Volume is currently just above average; IIPR needs an increase in volume with follow through when resistances are tested.
Overall, in my opinion, a trend change will come to fruition when structural resistance is broken and the 100 EMA is breached. IIPR tends to respect the 100 EMA in a bull trend so it will be key to watch when the new trend starts to put in consecutive higher lows and higher highs.
What are your thoughts?
Please leave a like and comment,
And remember,
“If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
**Please follow me on twitter for daily updates on fundamental news in the MJ and Crypto Speace ! :) Twitter handle in profile link
IIPR: Now a Strong Buy; Explosive Growth Mid to Late 2020I was bearish for a while on IIPR because it shot up much too much - and much too fast - just like pot stocks. Pot has basically undergone a "2008 recession" and will likely recover slowly in 2020 with the profitable stocks (not many of them!) likely fully recovering by 2021; some of the more growth-oriented and money losing companies will likely be several years away (2022) from regaining their 3-400% that many have lost.
While REITs are normally "sleepy stocks" as I like to call them with slow growth and decent dividends, IIPR will be not only one of the top REIT stocks, but also one of the better growth stocks over the next few years as cannabis starts to take off again in 2021-2022.
They have continued to hike dividends and this serves a high growth/high risk/somewhat speculative stock for those interested in a future-growing sector.
Slowly add positions from this level and add on the drops.
**Note. If the United States ever federally legalizes pot or many more states legalize it, this will allow pots to re-gain their parabolic nature. Until then, slow growth beings in 2020 with it picking up late 2021 through 2022 and beyond.
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Bullish on IIPR on the dailyBear channel to a Bull pennant to a rectangular consolidation pattern that should only last 3 to 4 weeks if it stays in the rectangle longer than 3 weeks technically this is a continuation pattern to the downside.
Weekly and monthly time frames are still Bearish.
IIPR: Most Promising REIT; Wait A Bit Longer Before InvestingIIPR is arguably one of the most promising REITs for potential explosive growth over the next 10 years. With Cannabis going under a violent and virtually epic burst where many stocks have lost 300-400% on average, and some over 500%, IIPR is finishing its correction.
Financially, the company is excellent, but technically and in a beaten down sector the stock should work back down to the trend-line where it either sinks below or rises above. I believe it will bounce off a lower fib level near $67-70 and start the next upwards wave. On the flip-side, if it breaks below this trend-line (which is unlikely), it would fall to the $50 level.
Although there are a few people on TradingView that are obsessed with this stock, there is no denying that for a REIT, a P/E of 55x is almost outrageous even for a speculative sector like Cannabis.
I would wait another two weeks before deciding on a potential investment.
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