Berkshire Hathaway Inc. Stock Forecast
Red day on Tuesday for Berkshire Hathaway Inc.
(Updated on May 14, 2024)
The Berkshire Hathaway Inc. stock price fell by -0.98% on the last day (Tuesday, 14th May 2024) from 381.10€ to 377.35€. During the last trading day the stock fluctuated 1.13% from a day low at 377.35€ to a day high of 381.60€. The price has fallen in 6 of the last 10 days but is still up by 0.47% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -332 shares and in total, 3 thousand shares were bought and sold for approximately 1.26€ million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Berkshire Hathaway Inc. stock with a 90% probability to be traded between 371.96€ and 393.59€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BRYN.F Signals & Forecast
There are mixed signals in the stock today. The Berkshire Hathaway Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 377.91€ and 379.70€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 1.52%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, November 08, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, November 08, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Berkshire Hathaway Inc. stock
Berkshire Hathaway Inc. finds support from accumulated volume at 373.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 4.25€ between high and low, or 1.13%. For the last week the stock has had daily average volatility of 0.87%
Our recommended stop-loss: 355.52€ (-5.78%) (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 (BRYN.F) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Berkshire Hathaway Inc. to open at 378.77€, and during the day (based on 14 day Average True Range), to move between 372.72€ and 381.98€, which gives a possible trading interval of +/-4.63€ (+/-1.23%) up or down from last closing price. If Berkshire Hathaway Inc. takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 379.20€ (0.49%) than the support at 373.00€ (1.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Berkshire Hathaway Inc. stock A Buy?
Berkshire Hathaway Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.892 Hold/Accumulate Unchanged
Predicted Opening Price for Berkshire Hathaway Inc. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| 378.77€ ( 0.375%) | 377.35€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRYN.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 383.02 | 1.50 % | |
| R2 | 381.39 | 1.07 % | ||
| R1 | 380.39 | 0.81 % | ||
| Current price: | 377.35 | |||
| Support | S1 | 377.14 | -0.0548 % | |
| S2 | 376.14 | -0.321 % | ||
| S3 | 374.52 | -0.751 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 381.80 | 1.18 % | |
| R2 | 380.00 | 0.702 % | ||
| R1 | 379.20 | 0.490 % | ||
| Current price | 377.35 | |||
| Support | S1 | 373.00 | -1.15% | |
| S2 | 372.80 | -1.21% | ||
| S3 | 371.60 | -1.52% |
FAQ
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