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Madison Covered Call & Equity Strategy Fund (MCN)

7.79   -0.11 (-1.39%) 03-27 15:58
Open: 7.91 Pre. Close: 7.9
High: 7.95 Low: 7.76
Volume: 23,822 Market Cap: 164(M)

Technical analysis

as of: 2023-03-27 4:20:58 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 9.23     One year: 9.51
Support: Support1: 7.51    Support2: 6.25
Resistance: Resistance1: 7.9    Resistance2: 8.14
Pivot: 7.86
Moving Average: MA(5): 7.73     MA(20): 7.9
MA(100): 7.78     MA(250): 7.42
MACD: MACD(12,26): -0.1     Signal(9): -0.1
Stochastic oscillator: %K(14,3): 35     %D(3): 20.8
RSI: RSI(14): 46.2
52-week: High: 8.3  Low: 6.26
Average Vol(K): 3-Month: 43 (K)  10-Days: 60 (K)

Price, moving averages and Bollinger Bands

Price has closed above 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 NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ MCN ] has closed above bottom band by 36.8%. Bollinger Bands are 5.4% wider 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: 7.96 - 8 8 - 8.04
Low: 7.66 - 7.71 7.71 - 7.75
Close: 7.71 - 7.79 7.79 - 7.86

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

Mon, 27 Mar 2023
NC prosecutors want harsher punishments for drug dealers ... - Carolina Public Press

Mon, 27 Mar 2023
Dear theme parks, it’s time to get on board with size-inclusive roller ... - The Points Guy

Mon, 27 Mar 2023
WPS Health Insurance® to offer Medicare supplement insurance in Delaware - Yahoo Finance

Sun, 12 Mar 2023
Madison Fire Department calling on residents to clear snow from ... - Dakota News Now

Wed, 08 Mar 2023
Critical Incident Briefing: February 22, 2023 – 29th Avenue and ... - Phoenix (.gov)

Tue, 07 Mar 2023
2 arrested including 15-year-old after fake threats made to Madison ... - WAVE 3

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. 0 (M)
Shares Float 21 (M)
% Held by Insiders 0 (%)
% Held by Institutions 0 (%)
Shares Short 82 (K)
Shares Short P.Month 0 (K)

Stock Financials

EPS 0.31
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 392.79
Profit Margin (%) 244.4
Operating Margin (%) 41.6
Return on Assets (ttm) 0.4
Return on Equity (ttm) 4.4
Qtrly Rev. Growth 39.7
Gross Profit (p.s.) 3.15909e+006
Sales Per Share 3.15909e+006
EBITDA (p.s.) 0
Qtrly Earnings Growth 3
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio 25.12
PEG Ratio 0
Price to Book value 0.01
Price to Sales 0
Price to Cash Flow 0.97

Stock Dividends

Dividend 0
Forward Dividend 83340
Dividend Yield 0%
Dividend Pay Date 2018-12-30
Ex-Dividend Date 2021-12-14
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