BERKSHIRE HATHAWAY INC. NEW - Daily - Technical analysis published on 07/01/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 292.52 USD
My targets
271.13 USD (-0.69%)
230.20 USD (-15.68%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BERKSHIRE HATHAWAY INC. NEW as long as the price remains well below 292.52 USD. The sellers' bearish objective is set at 271.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 230.20 USD. In case of crossing, the next objective would be the support located at 196.35 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BERKSHIRE HATHAWAY INC. NEW price is 273.02 USD. On the day, this instrument lost -0.17% and was traded between 268.68 USD and 274.92 USD over the period. The price is currently at +1.62% from its lowest and -0.69% from its highest.268.68
274.92
273.02
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BERKSHIRE HATHAWAY INC. NEW indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 162.03 | 196.35 | 230.20 | 273.02 | 273.31 | 292.52 | 308.28 |
| Change (%) | -40.65% | -28.08% | -15.68% | - | +0.11% | +7.14% | +12.91% |
| Change | -110.99 | -76.67 | -42.82 | - | +0.29 | +19.50 | +35.26 |
| Level | Major | Intermediate | Major | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 263.25 | 265.97 | 269.49 | 272.21 | 275.73 | 278.45 | 281.97 |
| Camarilla | 271.30 | 271.88 | 272.45 | 273.02 | 273.59 | 274.16 | 274.74 |
| Woodie | 263.66 | 266.17 | 269.90 | 272.41 | 276.14 | 278.65 | 282.38 |
| Fibonacci | 265.97 | 268.35 | 269.82 | 272.21 | 274.59 | 276.06 | 278.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 252.09 | 257.89 | 268.08 | 273.88 | 284.07 | 289.87 | 300.06 |
| Camarilla | 273.88 | 275.35 | 276.81 | 278.28 | 279.75 | 281.21 | 282.68 |
| Woodie | 254.30 | 258.99 | 270.29 | 274.98 | 286.28 | 290.97 | 302.27 |
| Fibonacci | 257.89 | 264.00 | 267.77 | 273.88 | 279.99 | 283.76 | 289.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 271.13 | 284.62 | 300.30 | 313.79 | 329.47 | 342.96 | 358.64 |
| Camarilla | 307.96 | 310.63 | 313.31 | 315.98 | 318.65 | 321.33 | 324.00 |
| Woodie | 272.23 | 285.17 | 301.40 | 314.34 | 330.57 | 343.51 | 359.74 |
| Fibonacci | 284.62 | 295.76 | 302.65 | 313.79 | 324.93 | 331.82 | 342.96 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.53 | |
| MACD (12,26,9): | -10.5300 | |
| Directional Movement: | -24.01 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 269.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 264.42 | |
| Elder Ray (13): | -6.49 | |
| Super Trend (3,10): | 288.71 | |
| Zig ZAG (10): | 273.02 | |
| VORTEX (21): | 0.6600 | |
| Stochastique (14,3,5): | 23.30 | |
| TEMA (21): | 267.23 | |
| Williams %R (14): | -72.79 | |
| Chande Momentum Oscillator (20): | -8.54 | |
| Repulse (5,40,3): | -0.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5300 | |
| Courbe Coppock: | 19.36 |
| MA7: | 273.48 | |
| MA20: | 285.69 | |
| MA50: | 305.53 | |
| MA100: | 319.80 | |
| MAexp7: | 274.44 | |
| MAexp20: | 283.73 | |
| MAexp50: | 300.29 | |
| MAexp100: | 308.25 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -4.43% | |
| Price / MA50: | -10.64% | |
| Price / MA100: | -14.63% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -3.77% | |
| Price / MAexp50: | -9.08% | |
| Price / MAexp100: | -11.43% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on BERKSHIRE HATHAWAY INC. NEW at the time of the generation of this analysis was as follows:
- Investor Expectations to Drive Momentum within Berkshire Hathaway, Zogenix, ICC, CIRCOR International, Principia Biopharma, and Technical Communications — Discovering Underlying Factors of Influence
-
Charles Payne gives his take on Amazon, Berkshire Hathaway stock
-
MMJ PhytoTech positioned to become 'the Berkshire Hathaway of cannabis’
- Goldwind Reaches Major U.S. Investment Milestone With Tax Equity Financing From Berkshire Hathaway Energy And Citi For 160mw Rattlesnake Project
- Client Portal Adds New Dimension for Sewer System Operators
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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