Warren Buffett is considered one of the most successful investors of all time. Now, investing in his company, Berkshire Hathaway Inc. (NYSE:BRK.B), is one of the best ways to partake in his success.
The stock of Berkshire Hathaway is currently in a buy zone, but is it a good investment for you right now? Let’s take a closer look at the ultimate Warren Buffett stock’s fundamental and technical performances.
BRKB stock technical analysis
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After previously breaking out of a flat base, Berkshire Hathaway stock has returned to its buy zone. The best time to buy is at $295.18. According to many analysts, the buy zone is still viable because it failed to make a double-digit gain before pulling back.
The 50-day moving average is providing support to BRKB, which is a positive indicator. After Berkshire stock temporarily dipped to the 200-day moving average, it has rebounded back, and it’s now above the crucial benchmark.
In addition, the relative strength line has been rising lately. This metric compares a stock’s performance to the S&P 500 as a whole. Its Relative Strength Rating of 90 indicates that it beat 90% of other equities in terms of price performance over the last year.
The stock of BRKB has increased by around 33% since last year. This outperforms the S&P 500’s return during the same time period.
Is Berkshire Hathaway stock a buy now?
Since late 2018, Berkshire Hathaway’s shares have lagged behind the S&P 500 index. However, it has outperformed the benchmark index during the last 12 months. As a result, Wall Street is growing more enthusiastic about Berkshire Hathaway’s future earnings growth. Annual earnings are expected to surge 27 percent in 2022, according to analysts, before slowing to 8% growth.
Where to buy right now
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