Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-05 View latest technical analysis

10 day averaged volume of Summit Materials is 2512780

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	47.42	46.51	47.59	46.33	0.767 times
04 Mon Nov 2024	46.70	47.65	47.80	46.56	0.639 times
01 Fri Nov 2024	47.83	47.88	48.22	47.18	0.552 times
31 Thu Oct 2024	47.41	47.58	48.17	46.69	0.923 times
30 Wed Oct 2024	46.42	45.76	46.98	45.44	0.585 times
29 Tue Oct 2024	46.01	45.88	46.16	45.32	0.651 times
28 Mon Oct 2024	45.63	45.40	46.40	45.05	1.295 times
25 Fri Oct 2024	45.10	45.61	46.20	44.74	1.717 times
24 Thu Oct 2024	43.29	40.72	46.03	40.34	2.07 times
23 Wed Oct 2024	40.62	39.88	40.93	39.88	0.742 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 46.2, but if it comes below 46.2, then a intra day sell could be more profitable.
If you take a sell trade below 46.2, then use 46.2 as stoploss and 42.78 as target. However if you take a buy trade in stock , then use 46.2 as stoploss and 50.3 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.80
Downside Target	38.33
Downside Target	39.88
Downside Target	42.02
Downside Target	45.05
Downside Target	46.20
Downside Target	46.33
Upside Target	47.80
Upside Target	48.17
Upside Target	48.22

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	46.57
Downside Intraday Target	45.71
Upside Intraday Target	48.04
Upside Intraday Target	48.65
Downside Intraday Target	47.18

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	47.42	47.65	47.80	46.33	0.351 times
01 Fri Nov 2024	47.83	45.40	48.22	45.05	0.66 times
25 Fri Oct 2024	45.10	42.10	46.20	39.88	2.257 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

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
05 Tue Nov 2024	47.42	47.88	48.22	46.33	0.125 times
31 Thu Oct 2024	47.41	38.75	48.17	36.23	2.073 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

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.

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 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 moving up

CCI has generated a buy signal for Summit Materials in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 45.24 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.