BRK.A Price Prediction Next Week
Technical Analysis: Based on the latest technical indicators, BRK.A shows a neutral to slightly bullish momentum:
- RSI-14 at 57.54 indicates balanced momentum
- MACD is positive with rising histogram (MACD: 7673.11, Signal: 6720.08)
- Stochastic RSI shows overbought conditions (K: 90.25, D: 92.60)
Price Projections for Next Week: Using Fibonacci levels and technical indicators:
- Support levels: $704,545 (S1), $698,316 (S2)
- Resistance levels: $724,713 (R1), $730,943 (R2)
- Pivot point: $714,629
Fundamental Catalysts:
- Keefe Bruyette raised price target to $775,000 from $750,000
- Q4 operating earnings significantly exceeded estimates at $10,102 per share vs $6,932 expected
- Record cash position of $334.2 billion
- Warren Buffett reaffirmed commitment to deploying majority of funds in equities
Price Target and Recommendation: Based on technical analysis and recent fundamental developments, BRK.A is likely to test R1 level at $724,713 next week. The stock shows strong support at the 5-day SMA ($722,351).
RECOMMENDATION: BUY Entry: Current market price Target: $724,713 (R1) Stop Loss: $704,545 (S1)
Rationale:
- Strong earnings momentum
- Positive analyst outlook
- Technical indicators showing controlled upward momentum
- Strong cash position provides downside protection
BRK.A Similar Chart Price Prediction
The price of BRK.A is predicted to go up 4.94%, based on the high correlation periods with BRK.B. The similarity of these two price pattern on the periods is 99.93%.
BRK.A
BRK.B
Up: 4.94%Similarity: 99.93%
