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IIPR_paInnovative Industrial Properties Inc Pref Series A

NYSEDaily chart
Range low retest · 31 Oct 2022

IIPR_pa slipped below its $26.12 – $28.86 range and came back to test the low on 31 Oct 2022.

Range low
$26.12
support
Range high
$28.86
10% above the low
In the range since
Apr 2022
2 yr 9 mo
Close on retest day
$25.49
2% below the range low
  • 3 sideways ranges found since 2021.
What is a range retest, and how do I read the chart?

A stock moves sideways between a floor (the range low) and a ceiling (the range high) for a long time. Then it drops below the floor, fails to climb back in, and returns to test that low again. Traders also call this a spring. Some springs mark the end of a decline; many don't.

On the chart, each candle is one trading day. The purple lines are the range the signal came from, and the green Retest label marks the day RangeStocks flagged. Tick “Show past sideways ranges” to see earlier ranges.

Daily chart

Sideways range history

RangeStartedEndedOutcomeRetests
13 Dec 2024Still open——
14 Apr 202231 Dec 2024 · 2 yr 9 moBroke below the range at $24.5031 Oct 2022
8 Nov 202114 Apr 2022 · 5 moBroke below the range at $26.12—

Retest signals

  • 31 Oct 2022 · 7 mo into the range

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Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.