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Stock Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

Madison Covered Call & Equity Strategy Fund (NYSE:MCN)

Long-Term Downtrend (-90) - MCN is in a strong downtrend that is likely to continue. While MCN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid MCN?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_MCN
Open High Low MCN Price Change
7.1100 7.1200 7.0200 7.0699 +0.0299
Entry Signal

MarketClub’s Trade Triangles for MCN

long term down The long-term trend has been DOWN since May 18th, 2023 at 7.52

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2023 at 7.45

short term down The short-term trend has been DOWN since Sep 6th, 2023 at 7.29

Smart Scan Analysis for MCN

Based on our trend formula, MCN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MCN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.1100 7.1200 7.0200 7.0699 +0.0299
Prev. Close Volume Bid Ask Time
7.0400 28533 2023-09-22 10:54:33
Year High7.94Year High Date2018-09-14
Year Low6.85Year Low Date2018-11-21
52wk High8.652wk High Date2023-04-27
52wk Low6.2752wk Low Date2022-09-29
Year End Close7.62Average Volume41,081
Shares Outstanding26,950Market Cap136M
Assets150,150,848MLiabilities1,994,826M
P/E Ratio117.3333Beta0.87
Volatility22.38
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