MAINSTREET EQUITY CORP (MEQ.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:MEQ - CA5609151009 - Common Stock
Overall MEQ gets a technical rating of 1 out of 10. MEQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MEQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 181.65, a Stop Loss order could be placed below this zone.
More info and screens
178.93
When analyzing the support we notice one important area.
- A support zone ranging from 180.74 to 181.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 182.15 to 186.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @193.80 from a horizontal line in the daily time frame.
- A resistance zone ranging from 198.18 to 198.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 16.66 | NEGATIVE | MEQ.CA has a low relative strength, it was outperformed by 83.34% 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) | UP | MIXED | The current price of MEQ.CA is below 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) | 42.97 | NEUTRAL | The RSI value for MEQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MEQ.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.34 | OVERSOLD | The low Stochastics value suggests MEQ.CA may be oversold. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for MEQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 10.4 | NEGATIVE | The low ADX value for MEQ.CA suggests a weak or negative trend. |
TSX:MEQ (12/23/2025, 7:00:00 PM)
181.74
+0.74 (+0.41%)
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 1 / 10 to MEQ.CA.
What is the current trend direction of MAINSTREET EQUITY CORP (MEQ.CA) stock?
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 42.9717. This indicates that the stock is currently neutral.
What is the MACD signal for MAINSTREET EQUITY CORP (MEQ.CA) stock?
The MACD indicator for MAINSTREET EQUITY CORP (MEQ.CA) has a value of -0.0557347, indicating a bearish trend.
What is the buy/sell signal for MEQ stock?
The buy/sell signal for MAINSTREET EQUITY CORP (MEQ.CA) is sell as both the short term and long term trends are negative.