BERKSHIRE HATHAWAY INC-CL B (BRK.B) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BRK.B - US0846707026 - Common Stock
Taking everything into account, BRK.B scores 1 out of 10 in our technical rating. BRK.B has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- BRK.B has an average volume of 4774780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, BRK.B outperforms 41% of them, which is more or less in line with the market.
- BRK.B is an average performer in the Financial Services industry, it outperforms 59% of 97 stocks in the same industry.
- 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 a tight range between 478.44 and 505.89.
The technical rating of BRK.B is bad and it also does not present a 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
447.62
We found 1 important support area.
- A support zone ranging from 452.14 to 470.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 483.59 to 514.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for BRK.B is down. |
| ChartMill Relative Strength | 41 | NEUTRAL | BRK.B is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRK.B is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRK.B is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRK.B is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.4 | OVERSOLD | The low RSI value suggests BRK.B may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.88 | NEGATIVE | The MACD value suggests BRK.B has a negative trend. |
| Stochastics (14,3) | 8.11 | OVERSOLD | The low Stochastics value suggests BRK.B may be oversold. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for BRK.B suggests low volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for BRK.B suggests a possible start of a new trend. |
478.97
-5.52 (-1.14%)
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 1 / 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 29.4023. This indicates that the stock is currently oversold.
What is the support and resistance level for BRK.B stock?
BERKSHIRE HATHAWAY INC-CL B (BRK.B) has a support level at 470.13 and a resistance level at 483.59. Check the full technical report for our detailed analysis of BRK.B support and resistance levels.