Berkshire Hathaway Inc (BRK.B) 3 Day Down Streak Snapped, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for BRK.B

Last Updated December 2, 2020, 12:22 GMT

At the time of this writing, BRK.B’s price is up $1.8 (0.79%) from the hour prior. BRK.B has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50 and 100 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Berkshire Hathaway Inc Daily Price Recap

The end of a 3 day negative run has come for Berkshire Hathaway Inc, which finished yesterday up 0.34% ($0.77). This move happened on lower volume, as yesterday’s volume was down 25.82% from the day before — and down 3.88% from the same day the week before. Here is a daily price chart of Berkshire Hathaway Inc.


Berkshire Hathaway Inc Technical Analysis

Volatility for Berkshire Hathaway Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Berkshire Hathaway Inc’s price has gone down 8 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to BRK.B:

    $GNUS fyi just for history on $BRK.B $BRK.A genius brands was invited in 2014 to annual berkshire hathaway sharholders meeting. Hmmmm something will cook up soon here. Buffet is loaded, he can gobble up the shares in minutes. He plays a big role in this company with secret millionaires club, why wouldnt he invest, i think once market closes on 1 bil he will jump in big. Just my opinion. But to all sharehoders a plus point is he knows very well about this company and interacts with probablg daily or weekly basis. Gl all, this is a must hold stock, once again dont let anyone fool u in selling. Hold for huge gains. 💰💎