NYSE trade advice (B): US financial stock | 4-5% gain | USA stock trading idea on 28 Aug 2024

Date
August 28, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Short Term Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Berkshire Hathaway New
  • 455 – 460
  • 475 – 480
  • Below 445
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    Berkshire Hathaway New
  • Buy
    Range
    455 – 460
  • Target
    475 – 480
  • Stoploss
    Below 445
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Berkshire Hathaway New (NYSE: BRK.B) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • BRK.B
  • Berkshire Hathaway New
  • Financial
  • 460
  • 330
  • NYSE code BRK.B
  • Stock Name Berkshire Hathaway New
  • Sector Financial
  • 52 Weeks High 460
  • 52 Weeks Low 330
  • Berkshire Hathaway New (NYSE: BRK.B) vs NYSE - Relative Strength Comparison

    The image highlights Berkshire Hathaway New's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    BRK.B —   NYSE —

  • Berkshire Hathaway New (NYSE: BRK.B) - Technical Analysis (Daily)

    Berkshire Hathaway New - Technical Analysis chart on Daily Price and Volume
    Berkshire Hathaway New - Technical Analysis chart on Daily Price and Volume

    • The stock has been on a strong upward trajectory, consistently achieving higher highs and lows.
    • During this ascent, it previously formed a Rounding Bottom pattern, which led to a significant price increase after the breakout.
    • However, the stock encountered resistance around the 425 level and subsequently entered a phase of consolidation.
    • During this period, a Symmetrical Triangle pattern developed.
    • After breaking out from this formation, the price soared, and following a pullback, it is now trading at its peak.
    • As long as the price remains above the 450 level, the overall sentiment will continue to be optimistic.
  • Berkshire Hathaway New (NYSE: BRK.B) - RSI Indicator

    Berkshire Hathaway New stock analysis based on RSI indicator
    Berkshire Hathaway New - RSI indicator

    • Current RSI of this stock is 73.41, which indicates the strength of buyers.

  • Berkshire Hathaway New (NYSE: BRK.B) - ADX & DI Indicator

    Berkshire Hathaway New stock analysis based on ADX & DI indicator
    Berkshire Hathaway New - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Berkshire Hathaway New (NYSE: BRK.B) - MACD Indicator

    Berkshire Hathaway New stock analysis based on MACD indicator
    Berkshire Hathaway New - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - Berkshire Hathaway New (NYSE: BRK.B) Stock Price Forecast

    Based on our swing trading advice for US stocks, Berkshire Hathaway New stock price target will be USD 475 - USD 480 in the next 12-14 trading sessions.

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    Target hit. Trade closed.

    NYSE: BRK.B

    28 Aug 2024
    30 Aug 2024
    3 Sep 2024
    4 days
    Loss per
    100,000 SAR
    Stop-loss
    445
    Buy Advice
    28 Aug 2024
    455 – 460
    Target 1
    30 Aug 2024
    475
    Target 2
    3 Sep 2024
    480
    Profit per
    100,000 SAR
    4 days
    4,167
    445
    455 – 460
    475
    480
    4,167
    28 Aug 2024
    30 Aug 2024
    3 Sep 2024
    4 days
    Loss per
    100,000 SAR
    Stop-loss
    445
    Buy Advice
    28 Aug 2024
    455 – 460
    Target 1
    30 Aug 2024
    475
    Target 2
    3 Sep 2024
    480
    Profit per
    100,000 SAR
    4 days
    4,167
    445
    455 – 460
    475
    480
    4,167
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Berkshire Hathaway New
  • 455 – 460
  • 475 – 480
  • Below 445
  • 4% – 5%
  • 12 - 14 Days
  • Buy Berkshire Hathaway New
  • Buy
    Range
    455 – 460
  • Target 475 – 480
  • Stoploss Below 445
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Berkshire Hathaway New
  • 455 – 460
  • 475 – 480
  • Below 445
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    Berkshire Hathaway New
  • Buy
    Range
    455 – 460
  • Target
    475 – 480
  • Stoploss
    Below 445
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Berkshire Hathaway New (NYSE: BRK.B) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • BRK.B
  • Berkshire Hathaway New
  • Financial
  • 460
  • 330
  • NYSE code BRK.B
  • Stock Name Berkshire Hathaway New
  • Sector Financial
  • 52 Weeks High 460
  • 52 Weeks Low 330
  • Company profile

    Berkshire Hathaway Inc. operates globally through its subsidiaries in insurance, freight rail, and utilities. It offers various insurance products, including property, casualty, life, and health insurance, and runs railroad systems in North America. The company also generates and distributes electricity from diverse sources like natural gas, coal, and renewables, and manages natural gas facilities and pipelines. Additionally, it has interests in coal mining. Berkshire Hathaway manufactures chocolates, specialty chemicals, metal tools, flooring, insulation, and building products. It also provides home construction services and financial solutions. The company sells recreational vehicles, apparel, jewelry, and batteries, and distributes electronic components. It franchises quick-service restaurants and offers logistics, grocery distribution, and aviation training. Retail offerings include automobiles, furniture, appliances, and collectibles. Founded in 1998, it is based in Omaha, Nebraska.

  • Berkshire Hathaway New (NYSE: BRK.B) vs NYSE - Relative Strength Comparison

    The image highlights Berkshire Hathaway New's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    BRK.B —   NYSE —

  • Berkshire Hathaway New (NYSE: BRK.B) - Technical Analysis (Daily)

    Berkshire Hathaway New - Technical Analysis chart on Daily Price and Volume
    Berkshire Hathaway New - Technical Analysis chart on Daily Price and Volume

    • The stock has been on a strong upward trajectory, consistently achieving higher highs and lows.
    • During this ascent, it previously formed a Rounding Bottom pattern, which led to a significant price increase after the breakout.
    • However, the stock encountered resistance around the 425 level and subsequently entered a phase of consolidation.
    • During this period, a Symmetrical Triangle pattern developed.
    • After breaking out from this formation, the price soared, and following a pullback, it is now trading at its peak.
    • As long as the price remains above the 450 level, the overall sentiment will continue to be optimistic.
  • Berkshire Hathaway New (NYSE: BRK.B) - RSI Indicator

    Berkshire Hathaway New stock analysis based on RSI indicator
    Berkshire Hathaway New - RSI indicator

    • Current RSI of this stock is 73.41, which indicates the strength of buyers.

  • Berkshire Hathaway New (NYSE: BRK.B) - ADX & DI Indicator

    Berkshire Hathaway New stock analysis based on ADX & DI indicator
    Berkshire Hathaway New - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Berkshire Hathaway New (NYSE: BRK.B) - MACD Indicator

    Berkshire Hathaway New stock analysis based on MACD indicator
    Berkshire Hathaway New - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - Berkshire Hathaway New (NYSE: BRK.B) Stock Price Forecast

    Based on our swing trading advice for US stocks, Berkshire Hathaway New stock price target will be USD 475 - USD 480 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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