The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 7/2/2026 -
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Berkshire (BRK.B) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a fifth consecutive positive week for the Berkshire (BRK.B). During the week, the BRK.B gained 9.12 points, or 1.83%, and closed at 507.78 on Thursday, July 2, 2026. BRK.B was trading at average weekly trading volume.

BRK.B is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BRK.B long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 259.85 and reached 542.07 on May 2, 2025. BRK.B gained -282.22 points, or -108.61%, in 133 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 519.00 and resistance is at 491.28. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See BRK.B medium-term trend chart]
A medium-term downtrend had started on November 28, 2025 at 516.85 and reached 464.01 on April 16, 2026. BRK.B lost 52.84 points, or 10.22%, in 19 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (457.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BRK.B may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See BRK.B weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 5, 2026. Use the following link to access a MACD help.

Short-term trend: [See BRK.B short-term trend chart]
A short-term uptrend had started on June 1, 2026 at 467.96 and reached 507.93 on July 2, 2026. BRK.B gained -39.97 points, or -8.54%, in 31 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 497.10 and resistance is at 514.23. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See BRK.B daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since June 4, 2026. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.54
Williams' Percentage Range (W%R) 17.20
Overbought
Lane's Stochastic (%D-Slow) 87.82
Overbought
Greed/Fear Indicator (GFI) 80.05
Overbought
Moving Average Converg./Diverg. (MACD) 4.10 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.32
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 74.59
Greed/Fear Indicator (GFI) 72.99
Moving Average Converg./Diverg. (MACD) -2.88
Trading Signals
Description Value Chart
Yearly Trendline Support 519.00
Weekly Trendline Resistance 514.23
Price 507.78
Upper Bollinger Band 505.38
Daily Stochastic Crossing 505.10
Weekly Stochastic Crossing 500.99
Quarterly Trendline Resistance 498.79
Weekly Trendline Support 497.10
20 Day Moving Average 491.91
Yearly Trendline Resistance 491.28
Parabolic System 489.25
50 Day Moving Average 482.74
Lower Bollinger Band 479.20
Quarterly Trendline Support 457.91
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Multi-Sector Holdings 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 485.77
Low Date 06/18/2026
High 507.93
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 514.23
Support 497.10
Low 467.96
Low Date 06/01/2026
High 507.93
High Date 07/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 464.01
Low Date 04/16/2026
High 507.93
High Date 07/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 498.79
Support 457.91
High 516.85
High Date 11/28/2025
Low 464.01
Low Date 04/16/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 491.28
Support 519.00
Low 259.85
Low Date 10/13/2022
High 542.07
High Date 05/02/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.