Technical Analysis for MCN - Madison Covered Call & Equity Strategy Fund
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Up | Down | Flat |
Date | Alert Name | Type | % Chg |
---|---|---|---|
Stochastic Reached Overbought | Strength | 0.00% | |
Overbought Stochastic | Strength | 0.00% | |
Gapped Down | Weakness | 0.00% | |
Gapped Up | Strength | -0.43% | |
20 DMA Support | Bullish | 0.72% | |
200 DMA Support | Bullish | 0.72% | |
Spinning Top | Other | 0.72% | |
Inside Day | Range Contraction | -0.14% | |
50 DMA Resistance | Bearish | -0.28% | |
Crossed Above 20 DMA | Bullish | -0.28% |
Alert | Time |
---|---|
Gapped Down (Partial) | about 21 hours ago |
Up 1 ATR | 3 days ago |
Gap Up Partially Closed | 3 days ago |
10 DMA Support | 3 days ago |
Rose Above Previous Day's High | 3 days ago |
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Madison Covered Call & Equity Strategy Fund Description
Madison/Claymore Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched and managed by by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Madison Asset Management, LLC. It invests in the public equity markets of the United States. The fund primarily invests in stocks of companies operating across diversified sectors. It invests in growth oriented value stocks of large-cap companies. The fund sells covered call options to seek to generate a reasonably steady return from option premiums. It employs a fundamental analysis with a bottom up stock picking approach focusing on financial strength and industry leadership to create its portfolio. The fund benchmarks the performance of its portfolio against the CBOE S&P 500 BuyWrite Index and the S&P 500 Index. It conducts in-house research to make its investments. The fund was formerly known as Madison/Claymore Covered Call Fund. Madison/Claymore Covered Call & Equity Strategy Fund was founded on May 6, 2004 and is domiciled in the United States.
Classification
Keywords: Exchange Traded Fund ETF Covered Call Cboe S&P 500 Buywrite Index
Indicator | Bull Case | Neutral / Hold | Bear Case |
---|---|---|---|
50 DMA | |||
200 DMA | |||
ADX Trend | |||
Oversold / Overbought | |||
Relative Strength |
Indicator | Value |
---|---|
52 Week High | 7.47 |
52 Week Low | 6.3058 |
Average Volume | 67,726 |
200-Day Moving Average | 6.96 |
50-Day Moving Average | 7.06 |
20-Day Moving Average | 6.97 |
10-Day Moving Average | 7.01 |
Average True Range | 0.07 |
RSI (14) | 51.69 |
ADX | 15.05 |
+DI | 20.65 |
-DI | 18.70 |
Chandelier Exit (Long, 3 ATRs) | 6.86 |
Chandelier Exit (Short, 3 ATRs) | 7.07 |
Upper Bollinger Bands | 7.07 |
Lower Bollinger Band | 6.86 |
Percent B (%b) | 0.75 |
BandWidth | 3.11 |
MACD Line | 0.00 |
MACD Signal Line | -0.02 |
MACD Histogram | 0.0148 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 7.11 | ||||
Resistance 3 (R3) | 7.11 | 7.08 | 7.10 | ||
Resistance 2 (R2) | 7.08 | 7.06 | 7.08 | 7.09 | |
Resistance 1 (R1) | 7.05 | 7.04 | 7.05 | 7.05 | 7.08 |
Pivot Point | 7.02 | 7.02 | 7.02 | 7.02 | 7.02 |
Support 1 (S1) | 6.99 | 7.00 | 6.99 | 6.99 | 6.96 |
Support 2 (S2) | 6.96 | 6.98 | 6.96 | 6.95 | |
Support 3 (S3) | 6.93 | 6.96 | 6.95 | ||
Support 4 (S4) | 6.93 |