MAINSTREET EQUITY CORP (MEQ.CA) Stock Technical Analysis
Canada - TSX:MEQ - CA5609151009 - Common Stock
184.76 CAD
-0.44 (-0.24%)
We assign a technical rating of 0 out of 10 to MEQ. MEQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MEQ is a bad performer in the overall market: 86% of all stocks are doing better.
MEQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: MEQ has an average volume of 4251 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month MEQ has a been trading in the 180.14 - 193.19 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.
MEQ is an average performer in the Real Estate Management & Development industry, it outperforms 42% of 29 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, MEQ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 189.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 184.13, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MEQ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
178.93
211.63
We found 1 important support area.
- A support zone ranging from 180.74 to 184.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 189.24 to 195.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 200.85 to 203.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 207.97 to 209.53. 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 | DOWN | NEGATIVE | The long term trend for MEQ.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEQ.CA is down. |
| ChartMill Relative Strength | 14.65 | NEGATIVE | MEQ.CA has a low relative strength, it was outperformed by 85.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEQ.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEQ.CA is below a declining 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) | 43.47 | NEUTRAL | The RSI value for MEQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests MEQ.CA has a positive trend. |
| Stochastics (14,3) | 53.33 | NEUTRAL | The Stochastics value for MEQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for MEQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 27.39 | POSITIVE | The high ADX value value for MEQ.CA suggests a strong 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 (10/17/2025, 7:00:00 PM)
184.76
-0.44 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-0.24%
1 Week0.54%
2 Weeks-0.29%
1 Month-4.27%
3 Month-1.83%
6 Month-0.13%
12 Month-10.72%
2 Year37.06%
3 Year64.16%
5 Year186.1%
10 Year468.32%
15 Year1394.82%
Volatility
ATR(14)3.32
ATR(20)%1.64%
ATR Inc0.02%
Range Today4.2
ADR(20)3.01
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.65
Mansfield-1.45
10 Day High188.4
10 Day Low180.14
20 Day High193.19
20 Day Low180.14
52 Week High216.37
52 Week Low179.5
CS1 End184.13
CR1 Start189.24
Volume & EV
DER(3)8.66%
DER(5)6.42%
Volume4.35K
Volume Incr42.36%
Vol(5)5.76K
Vol(50)4.25K