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Madison Covered Call & Equity Strategy Fund (MCN)
7.38  0.115 (1.58%)    07-26 16:00
Open: 7.2754
High: 7.43
Volume: 41,616
  
Pre. Close: 7.265
Low: 7.25
Market Cap: 156(M)
Technical analysis
2024-07-26 4:45:41 PM
Short term     
Mid term     
Targets 6-month :  8.87 1-year :  10.36
Resists First :  7.59 Second :  8.87
Pivot price 7.2
Supports First :  7.28 Second :  7.09
MAs MA(5) :  7.29 MA(20) :  7.24
MA(100) :  7.22 MA(250) :  7.18
MACD MACD :  0 Signal :  -0.1
%K %D K(14,3) :  61.3 D(3) :  54.9
RSI RSI(14): 58.8
52-week High :  7.71 Low :  6.69
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ MCN ] has closed Bollinger Bands are 16.3% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 7.44 - 7.47 7.47 - 7.49
Low: 7.18 - 7.21 7.21 - 7.24
Close: 7.33 - 7.38 7.38 - 7.42
Company Description

Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.

Headline News

Thu, 25 Jul 2024
Madison Diversified Income Fund Q2 2024 Investment Strategy Letter - Seeking Alpha

Wed, 24 Jul 2024
Madison Covered Call And Equity Income Fund Q2 2024 Investment Strategy Letter - Seeking Alpha

Thu, 18 Jul 2024
XA Investments to Become Investment Adviser to Madison Investments Closed-End Fund and Will Retain Madison Investments as Portfolio Manager - StockTitan

Wed, 17 Jul 2024
XA Investments to Become Investment Adviser to Madison Investments Closed-End Fund and Will Retain Madison Investments as Portfolio Manager - Yahoo Finance

Thu, 11 Jul 2024
Madison Investments Enters into Partnership with XA Investments - Yahoo Finance

Mon, 03 Jun 2024
7 High-Yield Covered Call ETFs Income Investors Will Love - U.S News & World Report Money

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Asset Management
Shares Out 21 (M)
Shares Float 0 (M)
Held by Insiders 0 (%)
Held by Institutions 19.6 (%)
Shares Short 78 (K)
Shares Short P.Month 57 (K)
Stock Financials
EPS 0.73
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 7.05
Profit Margin 369.2 %
Operating Margin 64.2 %
Return on Assets (ttm) 1 %
Return on Equity (ttm) 10.3 %
Qtrly Rev. Growth 43.9 %
Gross Profit (p.s.) 0
Sales Per Share 0.19
EBITDA (p.s.) 0
Qtrly Earnings Growth -67.9 %
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 10.1
PEG Ratio 0
Price to Book value 1.04
Price to Sales 37.55
Price to Cash Flow 0
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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