Berkshire Hathaway, buy signal in its 9th week
Berkshire Hathaway stock sheds 1.6% this week as the first stop gives way
Our view last week
Berkshire Hathaway stock closes the week down 3.4%: our weekly technical analysis shows the candle's body weakening, with sellers firmly in control over the week and buyer dominance collapsing. The price still holds above the 50-week average, and the buy signal has been open for 8 weeks, running a 2.98% gain since entry.
This week's summary
Berkshire Hathaway stock closes the week down 1.6%: our weekly technical analysis flags 2 warnings out of 11 components, with sellers back in control after weeks of upward push. The price still holds above the 50-week average, in the 9th week of an open buy signal. Price closed below the first stop level (SL1) flagged in last week's card (499.5 area): for anyone following that level the trade is closed.
IQS Phase
53
ordinary
Signal Strength
42
medium · weak
Sizing
REDUCED
Ranking
#105 / 167
US stocks in progress
Trade P&L %
+1.30%
from signal to date, no stop loss
Rank position
ranks 105th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 42 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly -1.17% · monthly +2.55%
BRK.B belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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