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

Stock Market
NYSE, United States of America

Target hit. Trade closed.

NYSE: BRK.B

28 Aug 2024
30 Aug 2024
3 Sep 2024
4 days
Loss per
100,000 USD
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 USD
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
  • * 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 Forcast

    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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