Technical Analysis for MKP - MCAN Mortgage Corporation

Grade Last Price % Change Price Change
C 15.860 -0.25% -0.040
MKP closed down 0.25 percent on Friday, April 26, 2024, on 48 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. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 6
*** 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 Down Up

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
50 DMA Resistance Bearish -0.25%
Pocket Pivot Bullish Swing Setup -0.25%
Bollinger Band Squeeze Range Contraction -0.25%
Stochastic Reached Overbought Strength -0.25%
Upper Bollinger Band Walk Strength -0.25%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 13 hours ago
Possible NR7 about 13 hours ago
Rose Above Previous Day's High 1 day ago
50 DMA Resistance 1 day ago
Down 1% 1 day ago

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Profile

MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company's primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments. The Company's primary subsidiary, Xceed Mortgage Corporation (Xceed), focuses on the origination and sale to MCAN and third party mortgage aggregators of residential first-charge mortgage products across Canada. The Company also participates in the National Housing Act (NHA) mortgage-backed securities (MBS) program.
Classification

Sector: Financial Services
Industry: Specialty Finance
Keywords: Financial Real Estate Residential Construction Real Estate Investment Loans Mortgage Structured Finance Mortgage Loan Mortgage Backed Security Mortgage Investment Corporation Mortgage Products Rate Fund Real Estate Investments

Is MKP 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 16.5742
52 Week Low 14.1852
Average Volume 39,518
200-Day Moving Average 15.409
50-Day Moving Average 15.943
20-Day Moving Average 15.658
10-Day Moving Average 15.654
Average True Range 0.207
RSI (14) 55.75
ADX 24.35
+DI 17.999
-DI 15.282
Chandelier Exit (Long, 3 ATRs) 15.329
Chandelier Exit (Short, 3 ATRs) 16.041
Upper Bollinger Bands 15.945
Lower Bollinger Band 15.370
Percent B (%b) 0.85
BandWidth 3.675
MACD Line -0.017
MACD Signal Line -0.072
MACD Histogram 0.0553
Fundamentals Value
Market Cap 392.17 Million
Num Shares 24.7 Million
EPS 1.29
Price-to-Earnings (P/E) Ratio 12.33
Price-to-Sales 6.49
Price-to-Book 1.21
PEG Ratio 0.00
Dividend 1.36
Dividend Yield 8.58%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.025
Resistance 3 (R3) 16.023 15.967 15.998
Resistance 2 (R2) 15.967 15.925 15.968 15.988
Resistance 1 (R1) 15.913 15.899 15.885 15.915 15.979
Pivot Point 15.857 15.857 15.843 15.858 15.857
Support 1 (S1) 15.803 15.815 15.775 15.805 15.741
Support 2 (S2) 15.747 15.789 15.748 15.732
Support 3 (S3) 15.693 15.747 15.723
Support 4 (S4) 15.695