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Madison Covered Call & Equity Strategy Fund (MCN)
7.31  0.03 (0.41%)    09-13 15:59
Open: 7.29
High: 7.3999
Volume: 44,450
  
Pre. Close: 7.28
Low: 7.2406
Market Cap: 154(M)
Technical analysis
2024-09-14 4:55:15 PM
Short term     
Mid term     
Targets 6-month :  8.7 1-year :  10.16
Resists First :  7.44 Second :  8.7
Pivot price 7.27
Supports First :  7.26 Second :  7.15
MAs MA(5) :  7.27 MA(20) :  7.27
MA(100) :  7.23 MA(250) :  7.17
MACD MACD :  0 Signal :  0
%K %D K(14,3) :  33.5 D(3) :  30.3
RSI RSI(14): 53.7
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 below upper band by 25.7%. Bollinger Bands are 60.7% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 11 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 7.41 - 7.45 7.45 - 7.48
Low: 7.15 - 7.19 7.19 - 7.23
Close: 7.24 - 7.31 7.31 - 7.37
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, 12 Sep 2024
Blog - Chief's Office - Madison Police Department - City of Madison, WI

Tue, 03 Sep 2024
Madison Covered Call and Equity Strategy Fund (MCN) Declares Quarterly Dividend - GlobeNewswire

Tue, 13 Aug 2024
(MCN) Trading Advice - Stock Traders Daily

Thu, 18 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 - GlobeNewswire

Sat, 06 Jul 2024
Biden, campaigning in Wisconsin, defies calls to drop out: "Completely ruling that out" - CBS News

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).
Underperform
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.
Underperform
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 18.2 (%)
Shares Short 62 (K)
Shares Short P.Month 68 (K)
Stock Financials
EPS 0.3
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 6.76
Profit Margin 143 %
Operating Margin 64.3 %
Return on Assets (ttm) 1.1 %
Return on Equity (ttm) 4.3 %
Qtrly Rev. Growth 18.8 %
Gross Profit (p.s.) 0
Sales Per Share 0.21
EBITDA (p.s.) 0
Qtrly Earnings Growth -85 %
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 24.36
PEG Ratio 0
Price to Book value 1.07
Price to Sales 34.33
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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