(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.
10 day averaged volume of Summit Materials is 721350
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Thu Apr 2024 | 38.47 | 39.54 | 39.71 | 38.46 | 1.332 times |
| 17 Wed Apr 2024 | 39.03 | 40.03 | 40.44 | 38.89 | 1.443 times |
| 16 Tue Apr 2024 | 39.50 | 40.06 | 40.17 | 39.40 | 1.386 times |
| 15 Mon Apr 2024 | 40.19 | 41.96 | 41.97 | 40.14 | 0.689 times |
| 12 Fri Apr 2024 | 41.03 | 41.24 | 41.61 | 40.93 | 0.864 times |
| 11 Thu Apr 2024 | 41.60 | 41.56 | 42.02 | 41.36 | 0.869 times |
| 10 Wed Apr 2024 | 41.50 | 41.15 | 42.09 | 40.71 | 1.035 times |
| 09 Tue Apr 2024 | 42.28 | 42.56 | 42.95 | 41.74 | 1.023 times |
| 08 Mon Apr 2024 | 42.70 | 43.25 | 43.32 | 42.68 | 0.522 times |
| 05 Fri Apr 2024 | 43.11 | 42.50 | 43.17 | 42.42 | 1.04 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 38.5, for a target of 40.4 or 42.09
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.38 |
| Downside Target | 36.08 |
| Downside Target | 38.46 |
| Upside Target | 39.46 |
| Upside Target | 40.62 |
| Upside Target | 41.95 |
| Upside Target | 43.23 |
| Upside Target | 43.32 |
| Upside Target | 43.82 |
| Upside Target | 44.78 |
| Upside Target | 44.89 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 37.3 |
| Downside Intraday Target | 36.12 |
| Upside Intraday Target | 40.81 |
| Upside Intraday Target | 43.14 |
| Upside Intraday Target | 39.63 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Thu Apr 2024 | 38.47 | 41.96 | 41.97 | 38.46 | 1.124 times |
| 12 Fri Apr 2024 | 41.03 | 43.25 | 43.32 | 40.71 | 0.805 times |
| 05 Fri Apr 2024 | 43.11 | 44.71 | 44.89 | 41.95 | 1.248 times |
| 28 Thu Mar 2024 | 44.57 | 43.36 | 44.78 | 42.80 | 0.606 times |
| 22 Fri Mar 2024 | 43.37 | 41.04 | 43.82 | 40.62 | 0.688 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 |
| 18 Thu Apr 2024 | 38.47 | 44.71 | 44.89 | 38.46 | 0.463 times |
| 28 Thu Mar 2024 | 44.57 | 42.95 | 44.78 | 40.62 | 0.962 times |
| 29 Thu Feb 2024 | 42.71 | 36.57 | 43.23 | 36.08 | 1.346 times |
| 31 Wed Jan 2024 | 36.18 | 38.10 | 38.63 | 34.38 | 1.299 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 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 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 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 SELL. Signal strength is Strong and stock is gaining 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 SELL signal for Summit Materials in short term and SELL signal is strong!
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 40.67 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.
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 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 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 SELL. Signal strength is Strong and stock is gaining 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 SELL signal for Summit Materials in short term and SELL signal is strong!
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 40.67 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.