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(SUM) Summit Materials complete technical analysis [charts+indicators] | Buy/Sell Summit Materials | (SUM) share price targets

Complete technical analysis of Summit Materials (SUM) by charts plus indicators, forecast predictions and share price targets for Summit Materials (SUM)

Summit Materials trades in USA in Basic Industries sector.

Showing technical analysis as on 2024-10-08 View latest technical analysis

10 day averaged volume of Summit Materials is 836790

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	36.83	37.20	37.53	36.49	1.164 times
07 Mon Oct 2024	36.83	36.52	37.09	36.23	0.665 times
04 Fri Oct 2024	37.06	37.61	37.61	36.64	0.841 times
03 Thu Oct 2024	37.06	37.09	37.25	36.44	0.929 times
02 Wed Oct 2024	37.30	37.95	37.99	37.17	1.011 times
01 Tue Oct 2024	37.82	38.75	38.99	37.74	1.595 times
30 Mon Sep 2024	39.03	38.40	39.10	38.28	1.122 times
27 Fri Sep 2024	38.71	39.36	39.61	38.38	1.011 times
26 Thu Sep 2024	39.21	39.19	40.10	39.03	0.965 times
25 Wed Sep 2024	38.59	38.74	39.01	38.39	0.86 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.1, but if it comes above 37.1, then a intra day buy could be more profitable.
If you take a sell trade below 37.1, then use 37.1 as stoploss and 35.8 as target. However if you take a buy trade in stock , then use 37.1 as stoploss and 38.18 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Upside Target	37.53
Upside Target	38.93
Upside Target	38.99
Upside Target	39.10
Upside Target	39.31
Upside Target	40.10
Upside Target	40.61
Upside Target	42.02
Upside Target	42.78

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	36.2
Downside Intraday Target	35.56
Upside Intraday Target	37.5
Upside Intraday Target	38.16
Upside Intraday Target	36.86

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	36.83	36.52	37.53	36.23	0.333 times
04 Fri Oct 2024	37.06	38.40	39.10	36.44	1.034 times
27 Fri Sep 2024	38.71	39.41	40.10	38.38	0.78 times
20 Fri Sep 2024	39.36	38.08	40.61	37.73	1.455 times
13 Fri Sep 2024	37.71	35.95	38.93	34.80	0.994 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Summit Materials (SUM)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	36.83	38.75	38.99	36.23	0.274 times
30 Mon Sep 2024	39.03	39.81	40.61	34.80	0.887 times
30 Fri Aug 2024	40.50	41.78	42.02	35.71	0.943 times
31 Wed Jul 2024	41.78	36.74	42.78	35.36	1.165 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Summit Materials (SUM)

Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Summit Materials ( (SUM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Summit Materials ( (SUM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Summit Materials stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Summit Materials in short term and the sell signal is strong.

Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Summit Materials in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Summit Materials is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 37.88 and Summit Materials (SUM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Summit Materials (SUM) stock. Volume based technical analysis of Summit Materials (SUM) stock is negative.

Summit Materials Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.