Berkshire Hathaway Does it Again: Heads Up for the 2nd Straight Day

The Hourly View for Berkshire Hathaway

  • Currently, BRK.B’s price is up $0.31 (0.11%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move down.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Berkshire Hathaway. Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 100 and 200 hour moving averages have been crossed, so that price is now turning above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Berkshire Hathaway’s hourly price chart is shown below.

BRK.B

The Daily View for Berkshire Hathaway

  • Currently, BRK.B’s price is up $0.92 (0.32%) from the day prior.
  • Berkshire Hathaway has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Berkshire Hathaway. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between BRK.B’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BRK.B’s price.

Below is a daily price chart of Berkshire Hathaway.

BRK.B

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