Berkshire 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.