MAINSTREET EQUITY CORP (MEQ.CA) Stock Technical Analysis
TSX:MEQ - Toronto Stock Exchange - CA5609151009 - Common Stock - Currency: CAD
Overall MEQ gets a technical rating of 4 out of 10. MEQ has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Warning: MEQ has an average volume of 4816 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
MEQ is part of the Real Estate Management & Development industry. There are 29 other stocks in this industry. MEQ outperforms 82% of them.
In the last month MEQ has a been trading in the 184.26 - 198.44 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, MEQ turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
MEQ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MEQ is lagging the market slightly.
MEQ has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 198.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 194.22, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
179.82
214.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 186.96 to 194.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 181.64 to 183.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @198.31 from a trend line in the daily time frame.
- A resistance zone ranging from 209.55 to 212.59. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for MEQ.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEQ.CA is neutral. |
| ChartMill Relative Strength | 59.38 | NEUTRAL | MEQ.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEQ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEQ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MEQ.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.29 | NEUTRAL | The RSI value for MEQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MEQ.CA has a positive trend. |
| Stochastics (14,3) | 88.32 | OVERBOUGHT | The high Stochastics value suggests MEQ.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for MEQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.97 | NEGATIVE | The low ADX value for MEQ.CA 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)
TSX:MEQ (5/29/2025, 7:00:00 PM)
194.47
+0.24 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg0.12%
1 Week1.51%
2 Weeks2.11%
1 Month4.45%
3 Month-2.81%
6 Month-3.08%
12 Month13.67%
2 Year44.02%
3 Year71.22%
5 Year185.31%
10 Year405.12%
15 Year1829.27%
Volatility
ATR(14)3.44
ATR(20)%1.91%
ATR Inc37.17%
Range Today4.5
ADR(20)3.52
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.38
Mansfield-0.11
10 Day High195
10 Day Low187.12
20 Day High198.44
20 Day Low184.26
52 Week High216.37
52 Week Low160
CS1 End194.22
CR1 Start198.31
Volume & EV
DER(3)0.25%
DER(5)-0.83%
Volume10.61K
Volume Incr-5.55%
Vol(5)4.51K
Vol(50)4.82K