BERKSHIRE HATHAWAY INC-CL B (BRK.B) Stock Technical Analysis
NYSE:BRK.B • US0846707026
Taking everything into account, BRK.B scores 3 out of 10 in our technical rating. In the past year, BRK.B 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.
- 73% of all other stocks performed better in the past year than BRK.B.
- BRK.B has an average volume of 4703270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- BRK.B is part of the Financial Services industry. There are 98 other stocks in this industry, BRK.B did better than 56% of them.
- BRK.B is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BRK.B is lagging the market.
- In the last month BRK.B has a been trading in the 471.91 - 512.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BRK.B has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 493.67, a Stop Loss order could be placed below this zone.
More info and screens
447.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 493.48 to 493.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 452.14 to 483.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 495.40 to 503.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @514.31 from a horizontal line 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 BRK.B is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRK.B is neutral. |
| ChartMill Relative Strength | 27.97 | NEGATIVE | BRK.B has a low relative strength, it was outperformed by 72.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRK.B is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BRK.B is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BRK.B is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.28 | NEUTRAL | The RSI value for BRK.B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BRK.B has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.02 | NEUTRAL | The Stochastics value for BRK.B is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for BRK.B suggests low volalility. |
| Average Directional Index/ADX (14) | 26.55 | POSITIVE | The high ADX value value for BRK.B suggests a strong trend. |
494.09
-4.11 (-0.82%)
BERKSHIRE HATHAWAY INC-CL B / BRK.B FAQ
What is the ChartMill technical rating of BERKSHIRE HATHAWAY INC-CL B (BRK.B) stock?
ChartMill assigns a technical rating of 3 / 10 to BRK.B.
What is the trend direction for BRK.B stock?
The current trend direction for BERKSHIRE HATHAWAY INC-CL B (BRK.B) is Bearish.
What is the RSI signal for BRK.B stock?
BERKSHIRE HATHAWAY INC-CL B (BRK.B) has an RSI value of 48.2799. This indicates that the stock is currently neutral.
What is the support and resistance level for BRK.B stock?
BERKSHIRE HATHAWAY INC-CL B (BRK.B) has a support level at 493.67 and a resistance level at 495.4. Check the full technical report for our detailed analysis of BRK.B support and resistance levels.