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Madison Covered Call & Equity Strategy Fund (MCN)

7.81   0.06 (0.77%) 12-02 16:00
Open: 7.68 Pre. Close: 7.75
High: 7.871 Low: 7.68
Volume: 50,571 Market Cap: 164(M)

Technical analysis

as of: 2022-12-02 4:24:27 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 9.32     One year: 10.88
Support: Support1: 7.39    Support2: 7.03
Resistance: Resistance1: 7.98    Resistance2: 9.32
Pivot: 7.66
Moving Average: MA(5): 7.56     MA(20): 7.63
MA(100): 7.3     MA(250): 7.42
MACD: MACD(12,26): 0     Signal(9): 0
Stochastic oscillator: %K(14,3): 77.3     %D(3): 57.9
RSI: RSI(14): 58
52-week: High: 8.38  Low: 6.26
Average Vol(K): 3-Month: 94 (K)  10-Days: 68 (K)

Price, moving averages 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 below upper band by 29.3%. Bollinger Bands are 12.6% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 7.87 - 7.9 7.9 - 7.92
Low: 7.6 - 7.64 7.64 - 7.67
Close: 7.75 - 7.8 7.8 - 7.85

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

Fri, 02 Dec 2022
MCN and Community Health Care Clinic presented with AACN award - Illinois State University News

Fri, 02 Dec 2022
How NBC's Rick Cordella Is Feathering Peacock's Sports Nest - Next TV

Thu, 01 Dec 2022
Supporters attend Creek Freedman civil lawsuit hearing - Muscogee Nation News

Thu, 01 Dec 2022
Madison Covered Call and Equity Strategy Fund (MCN) Declares Quarterly Dividend - Yahoo Finance

Thu, 01 Dec 2022
University of Panama students visit ISU, exchange nursing experiences and knowledge - Illinois State University News

Wed, 30 Nov 2022
Houston radio personality Raul Brindis named grand marshal of McAllen Holiday Parade - Brownsville Herald

Financial Analysis

Price to Book Value: Neutral
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Neutral
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Neutral
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Neutral
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

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 107 (K)
Shares Short P.Month 225 (K)

Stock Financials

EPS 0.46
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 7.09
Profit Margin (%) 0
Operating Margin (%) 26.9
Return on Assets (ttm) 0.2
Return on Equity (ttm) -5.2
Qtrly Rev. Growth 40.7
Gross Profit (p.s.) 0.09
Sales Per Share 0.11
EBITDA (p.s.) 0
Qtrly Earnings Growth 0
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio 16.97
PEG Ratio 0
Price to Book value 1.1
Price to Sales 70.25
Price to Cash Flow 0

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2018-12-30
Ex-Dividend Date 2021-12-14
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