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Berkshire Hathaway support and resistance levels to watch

By Investing.com2 min readInvesting.com
Berkshire Hathaway support and resistance levels to watchBerkshire Hathaway support and resistance levels to watch

Berkshire Hathaway support and resistance levels to watch

Berkshire Hathaway Class B (BRKb)* is trading at $578.58, up 0.58%, as of Nov 10, 10:46 AM EST. The daily trend remains Strong Buy, but RSI at 76.47 signals overbought momentum.

Resistance Above

  • $580.50–$581.15: Immediate resistance, combining today’s intraday high and the daily R1 pivot.
  • **Berkshire Hathaway Class B (BRKb)** breaking above $581.15 resistance would expose $586.30, the recent 52-week high reached Nov 5.
  • $587.04: Daily R2 pivot. A sustained push through this area would strengthen the continuation case.
  • $596.38: More extended upside resistance at daily R3.

Support Below

  • $576.65–$578.04: First support pocket from the Camarilla pivots. It is being tested around the current price.
  • $573.85–$574.00: Stronger near-term support, combining the Camarilla S1 and today’s session low.
  • *Berkshire Hathaway Class B (BRKb) breaking below $573.85 support would shift attention toward the daily pivot near $571.80.
  • $565.90: Deeper support at the daily S1 pivot.

The Read

Bull case: Price remains well above the daily 20-day SMA at $549.50, 50-day SMA at $524.46, and 200-day SMA at $498.68. ADX at 51.34 confirms a strong trend.

Bear case: RSI is overbought, ATR has expanded to $9.59, and the recent high near $586.30 produced a pullback. Volatility can therefore widen quickly.

Bottom line: Near-term structure is bullish above $573.85–$574.00. The first upside test is $581.15, followed by $586.30–$587.04. Overbought momentum makes pullbacks more likely, not necessarily trend failure.