McAfee Corporation (NASDAQ:MCFE) is a recognizable internet security company with a small core investment style. This means that MCFE has aspects of both value investing and growth stock. It returned to public trading in October of 2020 after a spin-off from Intel.
As currently comprised, McAfee purely focuses on internet security products. The company is now able to focus on its business with greater access to resources. Fundamentally, the success of the company depends on how well McAfee will be able to innovate and come up with new products that everyone wants.
Investors could still take speculative positions in the company. Investors should consider the news coming from the Q4 and annual results announcement.
The potential impact is increased demand for the stock, which will also drive up the share prices. Share prices will also be driven by the expectations of improved performance as McAfee continues to position itself better as the preferred internet security solutions provider.
McAfee’s share price is stable at $25 with potential acceleration to levels above $26
Source – TradingView
McAfee has been trading at stable prices of $25 since November 2021, indicating very low volatility on the share price. A moving averages convergence and divergence analysis show an upward trend in the share price. MA 10 was sustainably above MA 20 and MA 50.
However, MA 20 slipped below MA 50 in the last week of December. A convergence with an upward trend is however expected at $26. The convergence signals a potential upward trend with potential resistance at $28.50. The support level is projected to hold at $21.50.
Summary
McAfee has been trading at $25 since November 2021. With the expectation of Q4 and annual results, trading activity is likely to increase. Moving averages are set for convergence at $26 with a potential upward trend.
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