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Berkshire Hathaway Stock Approaches Key Support as It Eyes 7th Consecutive Weekly Decline

Chart & Data from IG

By Minipip
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Berkshire Hathaway Stock Approaches Key Support as It Eyes 7th Consecutive Weekly Decline

Berkshire Hathaway (NYSE: BRK.A / BRK.B) is on track for its seventh straight weekly loss, a streak not seen since April–May 2022. The stock is currently trading around $483.52 per share, with technical indicators suggesting it may be entering oversold territory, increasing the chances of a short-term bounce.

Technical Analysis: Support Levels and Trading Channel

On the weekly chart, Berkshire Hathaway stock remains within a long-standing ascending trading channel that has been in place since 2022. Price action is now approaching the lower trendline, which has historically served as a strong support zone. This support level currently sits near $471.

A decisive break below this support could open the door for a test of the April 2024 low at $462.61. However, analysts caution that only a confirmed break and close below that level would signal a potential move towards the January 2024 low near $440.

Oversold Signals Suggest Potential Rebound

The stochastic oscillator is now firmly in oversold territory, a level which has historically preceded bullish reversals in the stock. Since the trading channel began in 2022, there have been three previous instances where the stochastic dipped below the 20 level. Each time, Berkshire Hathaway stock rebounded, posting an average gain of 23% following those signals.

While technical indicators don't guarantee future price moves, the current setup increases the probability of a near-term bounce—particularly as the third quarter approaches.

Outlook for Berkshire Hathaway Stock in Q3 2025

Investors and technical traders will be closely watching price action around the $471–$462 support zone. If the pattern holds, the stock could see renewed buying interest in Q3 2025, especially if broader market sentiment stabilises.

For now, Berkshire Hathaway appears technically oversold, and its historical price patterns suggest a possible rebound—making it a stock to watch in the coming weeks.

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