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Archive
- 4/5/2024 -
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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 -1.90 points, or -0.45%, and closed at 418.62 on Friday, April 5, 2024. BRK.B was trading at average weekly trading volume.
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 price is near the trend resistance line (415.17). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See BRK.B medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 330.58 and reached 430.00 on February 26, 2024. BRK.B gained -99.42 points, or -30.07%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (415.78) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See BRK.B weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range. 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 links to access Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 5, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See BRK.B short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 424.52 and reached 415.41 on April 5, 2024. BRK.B lost 9.11 points, or 2.15%, in 1 days. The price is now at the 35.24% retracement level.
 Daily Technical Indicators: [See BRK.B daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (414.99) comes close to the price (418.62). It indicates that the trend is getting weaker. 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.
 Candlestick pattern: [See BRK.B candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
11 |
| Industry |
Multi-Sector Holdings |
89 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
424.52 |
| High Date |
04/04/2024 |
| Low |
415.41 |
| Low Date |
04/05/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
424.52 |
| High Date |
04/04/2024 |
| Low |
415.41 |
| Low Date |
04/05/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
425.37 |
| Support |
414.18 |
| Low |
398.78 |
| Low Date |
03/05/2024 |
| High |
424.52 |
| High Date |
04/04/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Support |
| Resistance |
460.17 |
| Support |
415.78 |
| Low |
330.58 |
| Low Date |
10/27/2023 |
| High |
430.00 |
| High Date |
02/26/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Resistance |
| Resistance |
415.17 |
| Support |
369.73 |
| Low |
259.85 |
| Low Date |
10/13/2022 |
| High |
430.00 |
| High Date |
02/26/2024 |
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