Kura Sushi Usa Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Kura Sushi Usa Inc stock price after Friday trading.
(Updated on Dec 08, 2023)
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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 -18.40% during the next 3 months and, with a 90% probability hold a price between $39.00 and $53.59 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.
KRUS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, November 10, 2023, and so far it has risen 16.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. On corrections up, there will be some resistance from the lines at $61.91 and $61.37. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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Support, Risk & Stop-loss for Kura Sushi Usa Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $57.25 and $56.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kura Sushi Usa Inc finds support just below today's level at $57.25. If this is broken, then the next support from accumulated volume will be at $56.36 and $52.26.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.93 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 3.90%.
Our recommended stop-loss: $57.58 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (KRUS) For The Upcoming Trading Day Of Monday 11th
For the upcoming trading day on Monday, 11th we expect Kura Sushi Usa Inc to open at $60.70, and during the day (based on 14 day Average True Range), to move between $57.83 and $63.45, which gives a possible trading interval of +/-$2.81 (+/-4.63%) 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 9.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.39 (1.24%) than the support at $57.25 (5.59%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Kura Sushi Usa Inc stock A Buy?
Kura Sushi Usa Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.542 Open Broker Account
Hold/Accumulate UpgradedPredicted Opening Price for Kura Sushi Usa Inc of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price December 11, 2023 | Current price |
|---|---|
| $60.70 | $60.64 (Undervalued) |
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Trading levels for KRUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.63 | 3.28 % | |
| R2 | 61.89 | 2.06 % | ||
| R1 | 61.43 | 1.31 % | ||
| Current price: | 60.64 | |||
| Support | S1 | 59.96 | -1.12 % | |
| S2 | 59.50 | -1.87 % | ||
| S3 | 58.77 | -3.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.18 | 9.14 % | |
| R2 | 64.45 | 6.28 % | ||
| R1 | 61.39 | 1.24 % | ||
| Current price | 60.64 | |||
| Support | S1 | 57.25 | -5.59% | |
| S2 | 56.36 | -7.06% | ||
| S3 | 52.26 | -13.82% |
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