Berkshire Hathaway is Down for the 2nd Day in a Row

The Hourly View for Berkshire Hathaway

  • Currently, BRK.B’s price is down $-0.38 (-0.13%) from the hour prior.
  • Berkshire Hathaway has seen its price go down 4 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 50 hour timeframe.
  • 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 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Of note is that the 100 hour changed directions on BRK.B; it is now pointing down. 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

  • At the time of this writing, BRK.B’s price is down $-0.34 (-0.12%) from the day prior.
  • The daily chart shows that Berkshire Hathaway has seen 2 straight down days.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • Of note is that the 100 day changed directions on BRK.B; it is now pointing up. 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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