Berkshire Stock Forecast

Berkshire stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)

BRK-B Signals & Forecast

There are mixed signals in the stock today. The Berkshire stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $409.46. On a fall, the stock will find some support from the short-term average at $404.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.01%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Berkshire stock

Berkshire finds support from accumulated volume at $402.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $5.79 (1.45%) between high and low. For the last week, the stock has had daily average volatility of 1.21%.

Our recommended stop-loss: $385.33 (-4.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (BRK-B) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Berkshire Hathaway B to open at $403.80, and during the day (based on 14 day Average True Range), to move between $399.48 and $410.34, which gives a possible trading interval of +/-$5.43 (+/-1.34%) up or down from last closing price. If Berkshire Hathaway B takes out the full calculated possible swing range there will be an estimated 2.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $402.39 (0.62%) than the resistance at $408.13 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Berkshire Hathaway B stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Berkshire stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.263 Buy Candidate Upgraded

Predicted Opening Price for Berkshire Hathaway B of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.