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Advanced TA SearchArchive
- 4/26/2024 -
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Berkshire (BRK.B) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Berkshire (BRK.B). During the week, the BRK.B gave back -2.98 points, or -0.74%, and closed at 402.10 on Friday, April 26, 2024. Weekly volume was -15% below average.
BRK.B is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BRK.B long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 259.85 and reached 430.00 on February 26, 2024. BRK.B gained -170.15 points, or -65.48%, in 71 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 374.29 and resistance is at 419.73. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See BRK.B medium-term trend chart]
A medium-term downtrend had started on February 26, 2024 at 430.00 and reached 395.66 on April 17, 2024. BRK.B lost 34.34 points, or 7.99%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 392.75 and resistance is at 421.17. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See BRK.B weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See BRK.B short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 395.66 and reached 411.35 on April 22, 2024. BRK.B gained -15.69 points, or -3.97%, in 5 days. The price is now at the 58.95% retracement level.
Daily Technical Indicators: [See BRK.B daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 4, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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