MAINSTREET EQUITY CORP (MEQ.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:MEQ • CA5609151009
Overall MEQ gets a technical rating of 0 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.
- 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: 88% of all stocks are doing better.
- MEQ is one of the lesser performing stocks in the Real Estate Management & Development industry. 74% of 32 stocks in the same industry do better.
- MEQ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MEQ has a been trading in the 170.72 - 185.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Warning: MEQ has an average volume of 7561 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Although the technical rating is bad, MEQ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 174.61, a Stop Loss order could be placed below this zone.
More info and screens
170.77
When analyzing the support we notice one important area.
- A support zone ranging from 172.49 to 174.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 180.82 to 182.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @186.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 195.00 to 203.36. 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 | 12.21 | NEGATIVE | MEQ.CA has a low relative strength, it was outperformed by 87.79% 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) | 38.39 | NEUTRAL | The RSI value for MEQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests MEQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.62 | NEUTRAL | The Stochastics value for MEQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for MEQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for MEQ.CA suggests a weak or negative trend. |
TSX:MEQ (1/30/2026, 7:00:00 PM)
174.62
-1.64 (-0.93%)
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 0 / 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 38.3856. 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 negative.
What is the buy/sell signal for MAINSTREET EQUITY CORP (MEQ.CA) stock?
The buy/sell signal for MAINSTREET EQUITY CORP (MEQ.CA) is sell as both the short term and long term trends are negative.