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 8 out of 10. Although MEQ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: MEQ has an average volume of 4101 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
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.
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 40% of all stocks.
MEQ is an average performer in the Real Estate Management & Development industry, it outperforms 61% of 32 stocks in the same industry.
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 an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 209.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 197.02, 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 4 important areas.
- A support zone ranging from 196.18 to 197.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 189.71 to 192.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @186.27 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 209.53 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 | UP | POSITIVE | The long term trend for MEQ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEQ.CA is up. |
| ChartMill Relative Strength | 40.24 | 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 | MIXED | The current price of MEQ.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64 | NEUTRAL | The RSI value for MEQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.37 | POSITIVE | The MACD value suggests MEQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.56 | NEUTRAL | The Stochastics value for MEQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for MEQ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.45 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 206.81 | 196.17 | 10.64 (5.14%) | 19.44% |
| An entry @206.81. This is a Buy Stop order right above the 10 day high. | An exit @196.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.64 points, which is 5.14%. | When investing 19.44% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:MEQ (8/18/2025, 7:00:00 PM)
201
-2 (-0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-0.99%
1 Week2.84%
2 Weeks6.1%
1 Month6.8%
3 Month5.37%
6 Month0.11%
12 Month3.32%
2 Year49.36%
3 Year66.32%
5 Year157.33%
10 Year499.11%
15 Year1674.05%
Volatility
ATR(14)5.15
ATR(20)%2.15%
ATR Inc4.56%
Range Today5.83
ADR(20)4.13
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.24
Mansfield-0.65
10 Day High206.8
10 Day Low187.83
20 Day High206.8
20 Day Low183
52 Week High216.37
52 Week Low179.5
CS1 End197.02
CR1 Start209.53
Volume & EV
DER(3)-0.54%
DER(5)-3.25%
Volume3.71K
Volume Incr21.46%
Vol(5)4.12K
Vol(50)4.10K