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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 2024-10-22 View latest technical analysis

10 day averaged volume of Summit Materials is 1296200

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	40.30	41.14	41.25	40.26	1.601 times
21 Mon Oct 2024	41.43	42.10	42.24	41.24	1.396 times
18 Fri Oct 2024	42.28	41.78	42.65	41.49	1.034 times
17 Thu Oct 2024	41.75	40.75	41.95	40.43	1.747 times
16 Wed Oct 2024	40.65	39.74	40.71	39.65	0.809 times
15 Tue Oct 2024	39.54	38.96	40.36	38.77	0.961 times
14 Mon Oct 2024	38.89	38.54	39.00	38.33	0.666 times
11 Fri Oct 2024	38.59	37.84	38.71	37.79	0.685 times
10 Thu Oct 2024	37.79	37.15	37.86	36.83	0.956 times
09 Wed Oct 2024	37.94	36.69	38.09	36.63	0.994 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 40.5 as stoploss in an intra day sell trade for a target of 38.88. However, stock will show a bullish move above 40.5.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	38.33
Downside Target	39.31
Downside Target	40.10
Downside Target	40.26
Upside Target	40.61
Upside Target	42.02
Upside Target	42.24
Upside Target	42.65
Upside Target	42.78

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	39.63
Downside Intraday Target	38.95
Upside Intraday Target	41.61
Upside Intraday Target	42.91
Upside Intraday Target	40.93

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	40.30	42.10	42.24	40.26	0.574 times
18 Fri Oct 2024	42.28	38.54	42.65	38.33	1.368 times
11 Fri Oct 2024	38.59	36.52	38.71	36.23	1.075 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

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
22 Tue Oct 2024	40.30	38.75	42.65	36.23	1.016 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 up 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Summit Materials ( (SUM) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Summit Materials ( (SUM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Summit Materials in short term and the buy signal is strong.

Summit Materials Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term but buying 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 40.19 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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