Berkshire Hathaway’s 3 Day Up Streak Comes to an End

The Hourly View for Berkshire Hathaway

  • At the time of this writing, BRK.B’s price is up $0.55 (0.19%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move down.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • Of note is that the 20 hour changed directions on BRK.B; it is now pointing up. The moving averages on the hourly 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.

Berkshire Hathaway’s hourly price chart is shown below.

BRK.B

The Daily View for Berkshire Hathaway

  • Currently, BRK.B’s price is down $-0.24 (-0.08%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend 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 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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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