BERKSHIRE HATHAWAY INC-CL B (BRK.B) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BRK.B - US0846707026 - Common Stock
We assign a technical rating of 7 out of 10 to BRK.B. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BRK.B is only an average performer.
Besides having an excellent technical rating, BRK.B also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 495.26, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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447.62
When analyzing the support we can see 3 important areas.
- A support zone ranging from 490.08 to 495.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @480.07 from a trend line in the weekly time frame.
- 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 506.92 to 514.31. 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 | UP | POSITIVE | The long term trend for BRK.B is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRK.B is up. |
| ChartMill Relative Strength | 67.34 | NEUTRAL | BRK.B is not amongst the best or worst performers 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 | POSITIVE | The current price of BRK.B is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BRK.B is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.86 | NEUTRAL | The RSI value for BRK.B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.99 | POSITIVE | The MACD value suggests BRK.B has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.25 | NEUTRAL | The Stochastics value for BRK.B is a neutral value. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for BRK.B suggests low volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for BRK.B suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 514.32 | 494.19 | 20.13 (3.91%) | 25.00% |
| An entry @514.32. This is a Buy Stop order right above the resistance zone. | An exit @494.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 20.13 points, which is 3.91%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
504.04
+2.92 (+0.58%)
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 7 / 10 to BRK.B.
What is the current trend direction of BERKSHIRE HATHAWAY INC-CL B (BRK.B) stock?
The current trend direction for BERKSHIRE HATHAWAY INC-CL B (BRK.B) is Bullish.
What is the RSI signal for BRK.B stock?
BERKSHIRE HATHAWAY INC-CL B (BRK.B) has an RSI value of 57.8636. This indicates that the stock is currently neutral.
What is the short term momentum for BRK.B stock?
The short term momentum for BERKSHIRE HATHAWAY INC-CL B (BRK.B) is positive.
Can you provide the support and resistance levels for BERKSHIRE HATHAWAY INC-CL B?
BERKSHIRE HATHAWAY INC-CL B (BRK.B) has a support level at 495.26 and a resistance level at 506.92. Check the full technical report for our detailed analysis of BRK.B support and resistance levels.