Technical Analysis for MEQ - Mainstreet Equity Corp.

Grade Last Price % Change Price Change
B 199.410 0.01% 0.020
MEQ closed up 0.01 percent on Friday, November 15, 2024, on 41 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to find support at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: Dec 4
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Down

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Support Bullish 0.01%
Stochastic Reached Oversold Weakness 0.01%
Multiple of Ten Bearish Other 0.01%
Down 3 Days in a Row Weakness 0.01%
Lower Bollinger Band Touch Weakness 0.01%
Oversold Stochastic Weakness 0.01%

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Profile

Mainstreet Equity Corp. Description

Mainstreet Equity Corp. is a Canada-based real estate company, which is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings. The Company is engaged in multi-family residential housing. The Company operates in four Canadian markets: Vancouver/Lower Mainland, Calgary (including the City of Lethbridge and the Town of Cochrane), Edmonton (including the City of Fort Saskatchewan) and Saskatoon. The Company has approximately 10 properties in Surrey, British Columbia; over 10 properties in Abbotsford, British Columbia; approximately 120 properties in Edmonton, Alberta; over 30 properties in Calgary and Southern Alberta, Alberta, and approximately 50 in Saskatoon, Saskatchewan. The Company has approximately 9,900 units of investment properties. Its properties include 14831 & 14811 - 104 Ave/14840-105 Ave North, Surrey, British Columbia; 115 Avenue V N, Saskatoon, Saskatchewan, and 11343-124 Street, Edmonton, Alberta.


Classification

Sector: Real Estate
Industry: Real Estate Services
Keywords: Real Estate Residential Apartment Saskatoon Redevelopment Edmonton Metropolitan Region Lethbridge

Is MEQ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 216.37
52 Week Low 137.7231
Average Volume 2,444
200-Day Moving Average 183.378
50-Day Moving Average 198.557
20-Day Moving Average 204.720
10-Day Moving Average 203.955
Average True Range 3.311
RSI (14) 43.50
ADX 21.55
+DI 24.078
-DI 27.560
Chandelier Exit (Long, 3 ATRs) 206.437
Chandelier Exit (Short, 3 ATRs) 206.693
Upper Bollinger Bands 211.901
Lower Bollinger Band 197.539
Percent B (%b) 0.13
BandWidth 7.015
MACD Line 0.553
MACD Signal Line 1.918
MACD Histogram -1.3648
Fundamentals Value
Market Cap 1.86 Billion
Num Shares 9.35 Million
EPS 5.26
Price-to-Earnings (P/E) Ratio 37.90
Price-to-Sales 4.59
Price-to-Book 0.83
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 201.150
Resistance 3 (R3) 200.957 200.183 200.860
Resistance 2 (R2) 200.183 199.740 200.280 200.763
Resistance 1 (R1) 199.797 199.466 199.990 199.990 200.667
Pivot Point 199.023 199.023 199.120 199.120 199.023
Support 1 (S1) 198.637 198.580 198.830 198.830 198.153
Support 2 (S2) 197.863 198.306 197.960 198.057
Support 3 (S3) 197.477 197.863 197.960
Support 4 (S4) 197.670