MAINSTREET EQUITY CORP (MEQ.CA) Technical Analysis
TSX:MEQ • CA5609151009
Taking everything into account, MEQ scores 5 out of 10 in our technical rating. In the last year, MEQ was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, MEQ is a bad performer in the overall market: 83% of all stocks are doing better.
- MEQ is part of the Real Estate Management & Development industry. There are 30 other stocks in this industry, of which 68% are performing better than MEQ.
- Warning: MEQ has an average volume of 11969 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- MEQ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MEQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MEQ is lagging the market.
MEQ has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 186.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 183.99, 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
169.99
We found 2 important support areas.
- A support zone ranging from 178.73 to 183.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 171.71 to 172.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 186.19 to 187.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @195.51 from a trend line in the weekly time frame.
- A resistance zone ranging from 203.01 to 203.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @207.97 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for MEQ.CA is up. |
| ChartMill Relative Strength | 17.34 | NEGATIVE | MEQ.CA has a low relative strength, it was outperformed by 82.66% off all stocks 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) | 59.91 | NEUTRAL | The RSI value for MEQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests MEQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.62 | NEUTRAL | The Stochastics value for MEQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for MEQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.34 | NEUTRAL | The ADX value for MEQ.CA suggests a possible start of a new trend. |
MEQ.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:MEQ (3/5/2026, 7:00:00 PM)
184.51
-0.49 (-0.26%)
MAINSTREET EQUITY CORP / MEQ.CA FAQ
What is the ChartMill technical rating of MAINSTREET EQUITY CORP (MEQ.CA) stock?
ChartMill assigns a technical rating of 5 / 10 to MEQ.CA.
Can you provide the trend direction for MAINSTREET EQUITY CORP?
The current trend direction for MAINSTREET EQUITY CORP (MEQ.CA) is Bearish.
Can you provide the RSI signal for MAINSTREET EQUITY CORP?
MAINSTREET EQUITY CORP (MEQ.CA) has an RSI value of 59.9123. This indicates that the stock is currently neutral.
What is the short term momentum for MEQ stock?
The short term momentum for MAINSTREET EQUITY CORP (MEQ.CA) is positive.