Technical Analysis for MEQ - Mainstreet Equity Corp.

Grade Last Price % Change Price Change
B 181.500 -1.00% -1.840
MEQ closed down 1.0 percent on Wednesday, April 24, 2024, on approximately normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: May 7
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Down

Date Alert Name Type % Chg
Strong but Oversold Other 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.00%
NR7 Range Contraction -1.00%
NR7-2 Range Contraction -1.00%
Narrow Range Bar Range Contraction -1.00%
Stochastic Reached Oversold Weakness -1.00%
Strong but Oversold Other -1.00%

   Recent Intraday Alerts

Alert Time
Lower Bollinger Band Support about 16 hours ago
Down 1% about 17 hours ago
Fell Below Lower Bollinger Band about 17 hours ago
Fell Below Previous Day's Low about 21 hours ago
Possible NR7 3 days ago

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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 194.5419
52 Week Low 125.5085
Average Volume 3,148
200-Day Moving Average 150.232
50-Day Moving Average 180.941
20-Day Moving Average 187.018
10-Day Moving Average 187.175
Average True Range 2.945
RSI (14) 42.86
ADX 25.25
+DI 22.340
-DI 32.661
Chandelier Exit (Long, 3 ATRs) 184.638
Chandelier Exit (Short, 3 ATRs) 189.834
Upper Bollinger Bands 193.314
Lower Bollinger Band 180.722
Percent B (%b) 0.06
BandWidth 6.733
MACD Line 1.019
MACD Signal Line 2.458
MACD Histogram -1.439
Fundamentals Value
Market Cap 1.7 Billion
Num Shares 9.35 Million
EPS 5.26
Price-to-Earnings (P/E) Ratio 34.50
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) 184.770
Resistance 3 (R3) 184.967 184.073 184.225
Resistance 2 (R2) 184.073 183.241 183.975 184.043
Resistance 1 (R1) 182.787 182.726 182.340 182.590 183.862
Pivot Point 181.893 181.893 181.670 181.795 181.893
Support 1 (S1) 180.607 181.061 180.160 180.410 179.138
Support 2 (S2) 179.713 180.546 179.615 178.957
Support 3 (S3) 178.427 179.713 178.775
Support 4 (S4) 178.230