XAI MADISON EQUITY PREMIUM I (MCN) Stock Technical Analysis
NYSE:MCN • US5574371002
We assign a technical rating of 4 out of 10 to MCN. Recently some decent action could be observed, but in the medium term time frame this is still negative. MCN was also a bad performer in the overall market in the last year.
- 65% of all other stocks performed better in the past year than MCN.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- MCN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MCN is lagging the market slightly.
- In the last month MCN has a been trading in a tight range between 5.92 and 6.20.
Although the technical rating is only medium, MCN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.11, a Stop Loss order could be placed below this zone.
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5.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.94 to 6.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.15 to 6.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.28 to 6.36. This zone is formed by a combination of multiple trend lines in the daily 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 | 35.98 | 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) | UP | POSITIVE | The current price of MCN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 70.75 | NEUTRAL | The Stochastics value for MCN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for MCN suggests low volalility. |
| Average Directional Index/ADX (14) | 15.24 | NEGATIVE | The low ADX value for MCN suggests a weak or negative trend. |
NYSE:MCN (2/18/2026, 8:04:00 PM)
6.13
+0.06 (+0.99%)
XAI MADISON EQUITY PREMIUM I / MCN FAQ
What is the technical rating for MCN stock?
ChartMill assigns a technical rating of 4 / 10 to MCN.
What is the trend direction for MCN stock?
The current trend direction for XAI MADISON EQUITY PREMIUM I (MCN) is Bearish.
What is the RSI signal for MCN stock?
XAI MADISON EQUITY PREMIUM I (MCN) has an RSI value of 55.996. This indicates that the stock is currently neutral.
What is the short term momentum for XAI MADISON EQUITY PREMIUM I (MCN) stock?
The short term momentum for XAI MADISON EQUITY PREMIUM I (MCN) is positive.
What are the support and resistance levels for XAI MADISON EQUITY PREMIUM I (MCN) stock?
XAI MADISON EQUITY PREMIUM I (MCN) has a support level at 6.11 and a resistance level at 6.15. Check the full technical report for our detailed analysis of MCN support and resistance levels.