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Madison Covered Call & Equity Strategy Fund (MCN)
7  -0.12 (-1.69%)    04-12 15:59
Open: 7.13
High: 7.13
Volume: 44,616
  
Pre. Close: 7.12
Low: 7
Market Cap: 147(M)
Technical analysis
2024-04-12 4:50:44 PM
Short term     
Mid term     
Targets 6-month :  8.69 1-year :  9.01
Resists First :  7.44 Second :  7.71
Pivot price 7.21
Supports First :  7 Second :  5.82
MAs MA(5) :  7.12 MA(20) :  7.25
MA(100) :  7.23 MA(250) :  7.33
MACD MACD :  -0.1 Signal :  -0.1
%K %D K(14,3) :  2.1 D(3) :  3.7
RSI RSI(14): 35.5
52-week High :  8.6 Low :  6.69
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ MCN ] has closed below the lower bollinger band by 0.2%. If price is in a downtrend band; this downward trend might continue. However a short term pullback inside the band is likely. Bollinger Bands are 18.5% wider 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: 7.14 - 7.2 7.2 - 7.24
Low: 6.88 - 6.94 6.94 - 6.99
Close: 6.92 - 7.02 7.02 - 7.08
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

Tue, 09 Apr 2024
Madison Investments Opens Downtown Milwaukee Office - Yahoo Finance Australia

Sat, 09 Mar 2024
A fungus among us: Madison man turns call center into mushroom farm - The Capital Times

Sun, 11 Feb 2024
Madison Investments 2023 Year-End U.S. Equity Letter - Seeking Alpha

Tue, 23 Jan 2024
Reeves to call second special session in two weeks, this time for Madison County economic development project - Magnolia Tribune

Tue, 23 Jan 2024
Rapidly Changing Weather Brings Unsafe Ice Conditions Statewide | Wisconsin DNR - Wisconsin DNR

Fri, 05 Jan 2024
Buy 3 Madison Mutual Funds for a Diversified Portfolio - Yahoo Finance

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.
Outperform
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.
Outperform
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 20.2 (%)
Shares Short 63 (K)
Shares Short P.Month 89 (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 9.58
PEG Ratio 0
Price to Book value 0.99
Price to Sales 35.6
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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