XAI MADISON EQUITY PREMIUM I (MCN) Stock Technical Analysis
USA - NYSE:MCN - US5574371002
6.11 USD
+0.04 (+0.66%)
6.26 USD
+0.15 (+2.45%)
Overall MCN gets a technical rating of 0 out of 10. MCN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MCN is a bad performer in the overall market: 78% of all stocks are doing better.
In the last month MCN has a been trading in the 6.00 - 6.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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.
Although the technical rating is bad, MCN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 5.97, a Stop Loss order could be placed below this zone.
More info and screens
5.91
7.61
When analyzing the support we notice one important area.
- Support @5.97 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.12 to 6.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.51 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for MCN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCN is down. |
| ChartMill Relative Strength | 22.31 | NEGATIVE | MCN has a low relative strength, it was outperformed by 77.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCN is below a declining 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) | 42.69 | NEUTRAL | The RSI value for MCN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MCN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.31 | OVERSOLD | The low Stochastics value suggests MCN may be oversold. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for MCN suggests low volalility. |
| Average Directional Index/ADX (14) | 18.83 | 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)
6.11
+0.04 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.66%
1 Week-1.77%
2 Weeks-2.71%
1 Month-0.65%
3 Month-2.4%
6 Month10.29%
12 Month-12.09%
2 Year-10.67%
3 Year-21.97%
5 Year6.08%
10 Year-20.55%
15 Year-33.73%
Volatility
ATR(14)0.09
ATR(20)%1.37%
ATR Inc4.31%
Range Today0.05
ADR(20)0.08
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.31
Mansfield-1.3
10 Day High6.39
10 Day Low6
20 Day High6.39
20 Day Low6
52 Week High7.13
52 Week Low5.16
CS1 End5.97
CR1 Start6.12
Volume & EV
DER(3)-6.3%
DER(5)-3.43%
Volume35.40K
Volume Incr-14.01%
Vol(5)52.68K
Vol(50)55.79K