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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KRUS
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Green day on Thursday for Kura Sushi Usa Inc
(Updated on Jun 20, 2024)

Sell candidate since Jun 06, 2024 Loss -6.32% PDF

The Kura Sushi Usa Inc stock price gained 1.68% on the last trading day (Thursday, 20th Jun 2024), rising from $86.78 to $88.24. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.63% from a day low at $86.90 to a day high of $90.92. The price has been going up and down for this period, and there has been a -12.3% loss for the last 2 weeks. Volume fell on the last day by -453 shares and in total, 158 thousand shares were bought and sold for approximately $13.98 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.53% during the next 3 months and, with a 90% probability hold a price between $64.67 and $84.18 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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KRUS Signals & Forecast

There are mixed signals in the stock today. The Kura Sushi Usa Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $98.32. On a fall, the stock will find some support from the short-term average at $84.65. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 6.70%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Kura Sushi Usa Inc stock

Kura Sushi Usa Inc finds support from accumulated volume at $87.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.02 between high and low, or 4.63%. For the last week, the stock has had daily average volatility of 5.02%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KRUS) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Kura Sushi Usa Inc to open at $88.69, and during the day (based on 14 day Average True Range), to move between $83.42 and $93.06, which gives a possible trading interval of +/-$4.82 (+/-5.46%) up or down from last closing price. If Kura Sushi Usa Inc takes out the full calculated possible swing range there will be an estimated 10.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $87.84 (0.45%) than the resistance at $89.40 (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kura Sushi Usa Inc stock A Buy?

Kura Sushi Usa Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.119 Sell Candidate Unchanged

Predicted Opening Price for Kura Sushi Usa Inc of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$88.69 ( 0.506%) $88.24

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KRUS

Fibonacci Support & Resistance Levels

Level Price
R3 92.71 5.06%
R2 91.17 3.32%
R1 90.22 2.25%
Price 88.24
S1 87.15 -1.23%
S2 86.20 -2.31%
S3 84.67 -4.05%

Accumulated Volume Support & Resistance Levels

Level Price
R3 110.05 24.72%
R2 103.85 17.69%
R1 89.40 1.31%
Price 88.24
S1 87.84 -0.453%
S2 83.26 -5.64%
S3 82.71 -6.27%

FAQ

What is the symbol for Kura Sushi Usa Inc Stock and on which exchange is it traded?
The symbol for Kura Sushi Usa Inc is KRUS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Kura Sushi Usa Inc Stock?
Kura Sushi Usa Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Kura Sushi Usa Inc Stock?
Kura Sushi Usa Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kura Sushi Usa Inc Stock.

What's the current price of Kura Sushi Usa Inc Stock?
As of the end of day on the Jun 20, 2024, the price of an Kura Sushi Usa Inc (KRUS) share was $88.24.

What is the 52-week high and low for Kura Sushi Usa Inc Stock?
The 52-week high for Kura Sushi Usa Inc Stock is $122.81 and the 52-week low is $51.02.

What is the market capitalization of Kura Sushi Usa Inc Stock?
As of the Jun 20, 2024, the market capitalization of Kura Sushi Usa Inc is 974.597M.

When is the next earnings date for Kura Sushi Usa Inc?
The upcoming earnings date for Kura Sushi Usa Inc is Jul 04, 2024.
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About Kura Sushi Usa Inc

Kura Sushi Usa Kura Sushi USA, Inc. operates technology-enabled Japanese restaurants in the United States. The company's restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as ‘Kura Experience'. As of August 31, 2021, it operated 33 restaurants in nine states and Washington DC. The company was formerly known as Kula Sushi USA, Inc. and changed its name to Kura Sushi USA, Inc. in October 2017. The company was f... KRUS Profile

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