Will “The Oracle Of Omaha” Magic Turn The Activision Blizzard Around?

Berkshire Hathaway is one of the biggest conglomerates in the world whose chairperson is Warren Bufffet. Recently “The Oracle of Omaha” has donated $27Million to undisclosed charity ahead of his 93rd birthday. The overall donations by “The Oracle Of Omaha” has seen a record of $4.6 Billion. As per the SEC filings he transferred 50 class A shares to a charitable organization.

In a recent SEC filing Berkshire Hathaway has amassed 1.9% stake in Activision Blizzard. Meanwhile, the 45.5% of the BRK.A holdings is Apple stock. The company’s financials have also seen a strong gain in the last quarter. Meanwhile, the company has recently sold Chevron stock shares which was reported recently in their SEC report.

Berkshire Hathaway has a market cap of $769 Billion with a PE ratio of 104.75. BRK.A stock price has a total high of $556,117.00 with an average volume of 7075 shares. Various analysts are predicting a strong high in the asset price for the future.

Will BRK.A Price See A Rise To A New High?

Berkshire Hathaway is currently observing a weak consolidated momentum in the weekly technical chart. On the daily chart BRK.A share price is trading near the value of $535932 with a small gain in the intraday session.It is trading in a downside parallel channel and can see a breakout in the future. The upside trend of BRK.A can see a halt near the value of $560000. Meanwhile the downside trend of Berkshire Hathaway stock price can see a halt near the value of $520000. It is trading above the 50 and 100 Daily Moving Average. The DMA can act as support in case of a downside trend.

The RSI of BRK.A stock price is near 52 suggesting its presence in the neutral zone. It is currently in a neutral zone with consolidated sentiment.

Summary

Berkshire Hathaway is currently observing a weak downside trend on the daily chart.Meanwhile recently “ The Oracle Of Omaha” donated $27 Million before his birthday.BRK.A may see a strong rise in the future.

Technical Levels

Major Support:$520000

Major Resistance: $560000

Disclaimer

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