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Berkshire Hathaway Price Analysis: Will BRK.B Make All-Time High

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  • Berkshire Hathaway Inc (BRK.B) is trading at $338.31 with a minor dip of 0.44% in the previous trading session.
  • Berkshire Hathaway Inc’s price 52-week price range is 259.85 – 341.68.
  • The BRK.B market capitalization is 740222 Billion.

Introduction

Berkshire Hathaway Class B shares were introduced in the year 1966. The Class B shares of Berkshire Hathaway are moderately priced as compared to Class A shares. It is an affordable alternative for small investors. There is a slight difference in market performance. The main attraction of Class B shares is affordability. The CEO of this company is a well-known investor, Mr. Warren Buffett.

Trend Evaluation

By evaluating the price data of the BRK.B Stock, it can be said that it is in an uptrend currently. The price inclined by 23.65% in the last 1 year. We can say that BRK.B is performing well right now. From its 52-week bottom price of $259.85, it increased to a $341.68 peak price. The BRK.B stock gives some good returns to investors. The current market sentiments are good about the stock. The average volume of the is BRK.B 3285338. Buyers are showing interest in the stock in the present market scenario. The market is under the control of the bulls now.

Berkshire Hathaway Inc (BRK.B) Technical Analysis

The price of BRK.B has slipped above 50 and 200 EMA, which suggests that the price is in a bullish trend. The stock could grow more in value in the upcoming week. If the buyers continue to push the price upwards, it will grow more. The price is consolidating near 200 days EMA and then breaking it, which shows that bulls are back in control. A golden cross has been seen between 50 Day EMA and 200 Day EMA which is a positive sign.

Berkshire Hathaway Price Analysis: Will BRK.B Make All-Time High
Source:  BRK.B/US DOLLAR .1D by TradingView

The technical indicator MACD is also in the positive zone. The MACD line at 4.686 and signal line at 4.374 is above the zero line, suggesting the MACD is in positive territory and giving bullish signals.

The current value of RSI is 60.05 points, and the 14 SMA line is currently below the median line, around 64.17 points which show bullish sentiment in the market. The 14 Day SMA line above the median line indicates a bullish trend. The bullish sentiment spreads around the market as the price is currently in an overbought zone.

Trendline Analysis

The price has respected its significant trendline support, and it is going toward a resistance of $354. If the price breaks the trendline, then it will go up to the next resistance and if it gets rejected by the resistance, then it will come back to the current support.

Volume Analysis

There is a substantial significant boost in the volume of the stock. The ‘average volume of Berkshire Hathaway Inc (BRK.B)’s is 3285338.

Berkshire Hathaway Price Analysis: Will BRK.B Make All-Time High

Technical Levels

Support – The current support level of BRK.B is $308.5.

Resistance –The current resistance level of BRK.B is  $354.5.

Conclusion

Berkshire Hathaway Inc (BRK.B) is rising upwards in the market. The price action suggests that the price may increase more in the upcoming days because it broke its primary trendline resistance level. BRK.B’s price shows an optimistic scenario at the moment. Major reliable indicators like EMA, RSI, and MACD give positive signals about  BRK.B Stock. The enthusiasm is growing among investors because of the excellent performance of the stock. A boost in the buying of Berkshire Hathaway stocks is seen in recent days.

Disclaimer

The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.

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