XAI MADISON EQUITY PREMIUM I (MCN) Stock Technical Analysis
NYSE:MCN - New York Stock Exchange, Inc. - US5574371002 - Currency: USD
Taking everything into account, MCN scores 5 out of 10 in our technical rating. In the past year, MCN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, MCN is a bad performer in the overall market: 68% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MCN has a been trading in the 5.98 - 6.35 range, which is quite wide. It is currently trading near the high of this range.
MCN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCN is lagging the market.
Volume is considerably higher in the last couple of days.
MCN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.89
7.61
2 important support areas can be observed.
- A support zone ranging from 6.08 to 6.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.95 to 5.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.32 to 6.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.53 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MCN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCN is up. |
| ChartMill Relative Strength | 32.28 | NEUTRAL | MCN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.36 | NEUTRAL | The RSI value for MCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MCN has a positive trend. |
| Stochastics (14,3) | 74.15 | NEUTRAL | The Stochastics value for MCN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for MCN suggests low volalility. |
| Average Directional Index/ADX (14) | 19.66 | NEGATIVE | The low ADX value for MCN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:MCN (7/1/2025, 8:45:17 PM)
6.32
+0.07 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.12%
1 Week4.29%
2 Weeks1.61%
1 Month5.16%
3 Month14.08%
6 Month-6.23%
12 Month-12.71%
2 Year-15.85%
3 Year-8.93%
5 Year8.97%
10 Year-20.1%
15 Year-25.03%
Volatility
ATR(14)0.09
ATR(20)%1.35%
ATR Inc94.47%
Range Today0.16
ADR(20)0.08
ADR(20)%1.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.28
Mansfield-1.08
10 Day High6.35
10 Day Low6
20 Day High6.35
20 Day Low5.98
52 Week High7.49
52 Week Low5.16
CS1 End6.13
CR1 Start6.13
Volume & EV
DER(3)1.86%
DER(5)-2.89%
Volume122.10K
Volume Incr141.6%
Vol(5)158.02K
Vol(50)82.10K