Berkshire Hathaway New (NYSE: BRK.B) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 455 – 460 |
| Target | 475 – 480 |
| StopLoss* | below 445 |
| Duration | 12-14 Trading Days |
| Potential Returns | 4% – 5% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 455 – 460 | 475 – 480 | below 445 | 12-14 Trading Days | 4% – 5% |
* Once the first target hit, reset the StopLoss at your buying price.
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Berkshire Hathaway New (NYSE: BRK.B) STOCK OVERVIEW
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.
| Stock Data | |
| NYSE Symbol | BRK.B |
| Sectoral Index | Financial |
| 52 Weeks High | 460 |
| 52 Weeks Low | 330 |
Berkshire Hathaway New (NYSE: BRK.B) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Berkshire Hathaway New — NYSE —
Berkshire Hathaway New (NYSE: BRK.B) - DAILY TECHNICAL ANALYSIS
- 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
- Current RSI of this stock is 73.41, which indicates the strength of buyers.
Berkshire Hathaway New (NYSE: BRK.B) - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
Berkshire Hathaway New (NYSE: BRK.B) - ADX & DI
- 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.
CONCLUSION - Berkshire Hathaway New (NYSE: BRK.B) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Berkshire Hathaway New stock price target will be USD 455 – USD 460 in the next 12-14 trading sessions.
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