(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 2024-10-09 View latest technical analysis
10 day averaged volume of Summit Materials is 850490
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Wed Oct 2024 | 37.94 | 36.69 | 38.09 | 36.63 | 1.514 times |
| 08 Tue Oct 2024 | 36.83 | 37.20 | 37.53 | 36.49 | 1.145 times |
| 07 Mon Oct 2024 | 36.83 | 36.52 | 37.09 | 36.23 | 0.655 times |
| 04 Fri Oct 2024 | 37.06 | 37.61 | 37.61 | 36.64 | 0.828 times |
| 03 Thu Oct 2024 | 37.06 | 37.09 | 37.25 | 36.44 | 0.914 times |
| 02 Wed Oct 2024 | 37.30 | 37.95 | 37.99 | 37.17 | 0.995 times |
| 01 Tue Oct 2024 | 37.82 | 38.75 | 38.99 | 37.74 | 1.569 times |
| 30 Mon Sep 2024 | 39.03 | 38.40 | 39.10 | 38.28 | 1.104 times |
| 27 Fri Sep 2024 | 38.71 | 39.36 | 39.61 | 38.38 | 0.995 times |
| 26 Thu Sep 2024 | 39.21 | 39.19 | 40.10 | 39.03 | 0.949 times |
My analysis of stock is bearish for shortterm, and stock might move down till 37.3 or till 36.2. Use a stoploss of 38.27 and if the stock hits stoploss, then it can shoot up till 39.22
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside Target | 37.73 |
| 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 | 36.75 |
| Downside Intraday Target | 35.56 |
| Upside Intraday Target | 38.61 |
| Upside Intraday Target | 39.28 |
| Downside Intraday Target | 37.42 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Wed Oct 2024 | 37.94 | 36.52 | 38.09 | 36.23 | 0.613 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 up 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 |
| 09 Wed Oct 2024 | 37.94 | 38.75 | 38.99 | 36.23 | 0.342 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 BUY. 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Summit Materials in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 37.83 and Summit Materials (SUM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.
Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 BUY. 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Summit Materials in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 37.83 and Summit Materials (SUM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.