BRK.B Steadies Above Key EMAs as Bulls Defend $490 Zone
$Berkshire Hathaway(BRK.B)$
$496.98 (−0.42%): Post-Earnings Pause — Support Holding Above 20/50 EMA; Watch $490–505 Zone
Market Recap:
Berkshire Hathaway closed at $496.98, easing 0.42% amid post-earnings consolidation.
The stock remains ≈8% below its 52-week high ($542.07) but up ~9.6% YTD, reflecting resilience in its diversified portfolio despite modest insurance and energy segment headwinds.
The latest Q3 results showed operating income strength (+40% YoY), offset by weak investment gains and flat buyback activity, leading to light profit-taking following the weekend report.
Technicals (1-week outlook):
Price action stays constructive above both EMA-20 ($489.66) and EMA-50 ($490.39), signaling a short-term bullish alignment.
MACD (12,26,9) turned positive (1.65 vs signal −1.99) with a rising histogram, confirming fresh momentum after October’s recovery.
RSI (14) at 57.4 remains neutral-bullish, leaving room for further upside before overbought conditions.
Volume (~4.83M vs 4.42M avg) confirms healthy participation.
Near-term support rests at $488-$490 resistance is at $500. Sustained closes above $505 could trigger a retest of $520–525, while failure below $490 risks a pullback to $475.
Valuation & Forecast:
BRK.B trades at a P/E ~15.9×, below the S&P 500’s ~25×, reflecting its conservative balance sheet and defensive mix.
Beta 0.71 indicates low volatility versus peers. Street consensus 12-month target sits around $528, implying ~6% upside if broad markets remain stable.
Risk & Disclaimer:
Key risks include equity portfolio swings, insurance catastrophe losses, and macro-driven valuation shifts. This analysis is based on TradingView and Yahoo Finance data (Nov 7 close) and is for technical reference only — not investment advice.
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