Kura Sushi Usa Inc Stock Forecast
Kura Sushi Usa Inc stock price ended on $68.69 on Friday after losing 1.15%
(Updated on Sep 22, 2023)
The Kura Sushi Usa Inc stock price fell by -1.15% on the last day (Friday, 22nd Sep 2023) from $69.49 to $68.69. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.88% from a day low at $68.12 to a day high of $70.08. The price has fallen in 8 of the last 10 days and is down by -15.93% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -41 thousand shares and in total, 72 thousand shares were bought and sold for approximately $4.98 million.
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The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $63.86 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.60% during the next 3 months and, with a 90% probability hold a price between $51.34 and $73.37 at the end of this 3-month period.
KRUS Signals & Forecast
There are few to no technical positive signals at the moment. The Kura Sushi Usa Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $73.50 and $84.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, July 13, 2023, and so far it has fallen -36.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kura Sushi Usa Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.96 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 4.82%.
Kura Sushi Usa Inc is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Monday 25th
For the upcoming trading day on Monday, 25th we expect Kura Sushi Usa Inc to open at $68.96, and during the day (based on 14 day Average True Range), to move between $65.30 and $72.08, which gives a possible trading interval of +/-$3.39 (+/-4.93%) 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 9.86% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $70.31, some $1.62 (2.36%) from the current price of $68.69, our system finds the risk reward not very attractive.
Is Kura Sushi Usa Inc stock A Buy?
Kura Sushi Usa Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.289 Open Broker Account
Strong Sell Candidate UnchangedPredicted Opening Price for Kura Sushi Usa Inc of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 25, 2023 | Current price |
|---|---|
| $68.96 | $68.69 (Undervalued) |
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Trading levels for KRUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.92 | 3.25 % | |
| R2 | 70.17 | 2.16 % | ||
| R1 | 69.71 | 1.49 % | ||
| Current price: | 68.69 | |||
| Support | S1 | 68.21 | -0.692 % | |
| S2 | 67.75 | -1.37 % | ||
| S3 | 67.00 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.25 | 24.11 % | |
| R2 | 76.75 | 11.73 % | ||
| R1 | 70.31 | 2.36 % | ||
| Current price | 68.69 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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About Kura Sushi Usa Inc
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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