Berkshire Technical Analysis (NYSE:BRK.B)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The BRK.B stock chart pattern can give those who understand technical analysis an indication of which way BRK.B stock is headed, but cannot predict with 100% certainty as to what can happen to the Berkshire stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Berkshire. Technical analysis uses an approach for Berkshire stock analysis that does not care for the fair value of a company but uses price and volume data only.
Berkshire Moving Average
Moving averages help predict the price direction of BRK.B stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $205.74 is below the last closing price of $206.96 and the 50 day moving average of $206.66 is below the last closing price of $206.96. The 10 and 20 day periods can predict short term moving average trends.
Berkshire Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Berkshire. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Berkshire bollinger bands.
Berkshire Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Berkshire MACD indicator can be used to identify bullish and bearish trends for the stock.
Berkshire Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of BRK.B stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.