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Berkshire Stock Price Forecast. Should You Buy BRK-B?

berkshire shares downgraded to sell candidate (updated 18 aug 2022)

Share price of berkshire gained 0.0033% on the last trading day (Thursday, August 18, 2022), rising from $304 .26 to $304.27. During the last trading day, the stock fluctuated 1.00% from a daily low of $301.55 to a daily high of $304.57. the price has increased in 8 of the last 10 days and has increased by 3.88% in the last 2 weeks. volume fell last day by -179,000 shares and in total 3 million shares were bought and sold for approximately $846.79 millions. You should be aware that falling volume at higher prices causes divergences and can be an early warning of possible changes in the coming days.

The stock is at the top of a broad, short-term downtrend, and this can usually represent a very good selling opportunity for the short-term trader, as a reaction to the bottom can be expected of the trend. A break of the upper trend line at $306.34 will first indicate a slower rate of decline, but may be the first sign of a trend reversal. Given the current short-term trend, the stock is expected to fall -3.00% over the next 3 months and, with a 90% probability, maintain a price between $253.72 and $297.15 at the end of this 3 month period. Please note that if the stock price manages to hold at current levels or higher, our prediction target will start to change positively in the coming days as the conditions for current predictions will be broken.

Reading: Brk b buy sell hold

signals and amplifier; forecast

There are mixed signals in stocks today. a sell signal was issued from a pivot high point on Tuesday Aug 16, 2022, and is down -0.78% so far. further drop is indicated until a new bottom pivot is found. Furthermore, there is currently a sell signal on the 3-month moving average convergence divergence (MACD). berkshire shares have buy signals from the short and long term moving averages that give a positive outlook for the stock. furthermore, there is an overall buy signal from the relationship between the two signals where the short-term average is above the long-term average. on downside corrections, there will be some support at the $301.59 and $288.26 lines. a break below any of these levels will issue sell signals. volume fell during the last trading day despite rising prices. this causes a divergence between volume and price and can be an early warning. the action must be closely watched. the stock had a gold star signal on Monday, December 06, 2021 on the long-term chart. the golden star signal is when the short-term moving average, the long-term moving average, and the price line meet in a special combination. this combination is very rare and is often followed by long, solid gains for the stock in question.

support, risk & stop loss

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On the downside, the stock finds support just below the current level of accumulated volume at $281.56 and $268.56. There is a natural risk involved when a stock is testing a support level, as if the support level is broken, the stock can drop to the next support level. In this case, berkshire finds support just below the current level at $281.56. If this breaks, the next support on the accumulated volume will be at $268.56 and $268.08.

This stock generally trades at good volume and with minor daily changes, the risk is considered low. During the last day, the stock moved $3.02 (1.00%) between high and low. over the last week, the stock has had an average daily volatility of 1.51%.

Our recommended stop-loss: We have a negative assessment for this stock. no stop-loss is set.

trading expectations for the upcoming trading day on Friday the 19th

For the upcoming trading day on Friday the 19th, we expect Berkshire Hathaway B to open at $303.46 and over the day (based on the 14-day average true range), move between $299.11 and $309 .43, giving a possible trading range of +/-$5.16 (+/-1.69%) above or below the last closing price. If Berkshire Hathaway B takes out the full possible calculated swing range, there will be an estimated 3.39% move between the lowest and highest trading price for the day.

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Given that the stock is closer to cumulative volume resistance at $312.50 (2.70%) than support at $281.56 (7.46%), our systems do not find the risk/reward trade attractive intraday and any bets should be held until the action is closer to the support level.

is it a berkshire hathaway b stock buy?

berkshire presents several negative signs and we believe that it will still have a weak performance in the coming days or weeks. therefore, we maintain a negative assessment of this stock. Due to some minor weaknesses in the technical landscape, we have downgraded our analysis conclusion for this stock from the last assessment of a hold/accumulation candidate to a sell candidate.

current score: -1,331

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