Risky setup for BRK.B

We received a request to look at the chart for Berkshire Hathaway (BRK.B).

Berkshire Hathaway (BRK.B): At risk for head and shoulders top

BRK.B appears to be forming the right shoulder of a potential late 2024–late 2025 head and shoulders (H&S) top, with the pattern remaining in play below 505–508 and the projected channel line near 515. Closes below the cluster deteriorating 13-, 26-, and 40-week moving averages (WMAs) near 488.81-494.65 would increase confidence in the developing right shoulder.

A break below the neckline at 462–461, followed by a drop under 455, would confirm the top and open downside risk to 440–437, and potentially toward the rising 200-WMA near 383 and the pattern target around 370.

The stock’s loss of relative strength versus the S&P 500 since mid-April underscores its weakened leadership profile and adds to the topping risk.

Chart 1: Berkshire Hathaway (BRK.B) (top) and relative to the S&P 500 (bottom)

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