Technical Analysis for MKP - MCAN Mortgage Corporation

Grade Last Price % Change Price Change
A 16.830 0.12% 0.020
MKP closed up 0.12 percent on Friday, February 23, 2024, on 57 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish 0.12%

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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 Real Estate Investments Mortgage Products Rate Fund

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 16.94
52 Week Low 14.0406
Average Volume 28,752
200-Day Moving Average 15.602
50-Day Moving Average 16.062
20-Day Moving Average 16.343
10-Day Moving Average 16.508
Average True Range 0.256
RSI (14) 68.05
ADX 30.26
+DI 25.742
-DI 7.612
Chandelier Exit (Long, 3 ATRs) 16.171
Chandelier Exit (Short, 3 ATRs) 16.669
Upper Bollinger Bands 16.888
Lower Bollinger Band 15.798
Percent B (%b) 0.95
BandWidth 6.671
MACD Line 0.207
MACD Signal Line 0.153
MACD Histogram 0.0542
Fundamentals Value
Market Cap 416.16 Million
Num Shares 24.7 Million
EPS 1.29
Price-to-Earnings (P/E) Ratio 13.09
Price-to-Sales 6.49
Price-to-Book 1.21
PEG Ratio 0.00
Dividend 1.36
Dividend Yield 8.08%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.055
Resistance 3 (R3) 17.067 17.003 17.018
Resistance 2 (R2) 17.003 16.946 16.998 17.005
Resistance 1 (R1) 16.917 16.911 16.885 16.905 16.992
Pivot Point 16.853 16.853 16.838 16.848 16.853
Support 1 (S1) 16.767 16.796 16.735 16.755 16.668
Support 2 (S2) 16.703 16.761 16.698 16.655
Support 3 (S3) 16.617 16.703 16.643
Support 4 (S4) 16.605