(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 2024-07-09 View latest technical analysis
10 day averaged volume of Summit Materials is 1049390
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Tue Jul 2024 | 35.65 | 36.23 | 36.38 | 35.49 | 0.619 times |
| 08 Mon Jul 2024 | 36.08 | 36.18 | 36.66 | 35.85 | 0.815 times |
| 05 Fri Jul 2024 | 35.92 | 35.94 | 36.18 | 35.64 | 1.075 times |
| 03 Wed Jul 2024 | 36.18 | 35.60 | 36.26 | 35.40 | 0.657 times |
| 03 Wed Jul 2024 | 36.18 | 35.60 | 36.26 | 35.40 | 0.657 times |
| 02 Tue Jul 2024 | 35.61 | 35.51 | 35.88 | 35.36 | 0.982 times |
| 01 Mon Jul 2024 | 35.63 | 36.74 | 36.74 | 35.43 | 1.029 times |
| 28 Fri Jun 2024 | 36.61 | 36.65 | 36.99 | 36.31 | 2.163 times |
| 27 Thu Jun 2024 | 36.37 | 35.97 | 36.48 | 35.86 | 0.878 times |
| 26 Wed Jun 2024 | 35.80 | 35.05 | 35.92 | 35.05 | 1.023 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 35.6 as stoploss in an intra day buy trade for a target of 36.29. However, stock will show a bearish move below 35.6.
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Upside Target | 36.26 |
| Upside Target | 36.99 |
| Upside Target | 37.09 |
| Upside Target | 37.45 |
| Upside Target | 37.81 |
| Upside Target | 39.31 |
| Upside Target | 40.62 |
| Upside Target | 42.31 |
| Upside Target | 44.78 |
| Upside Target | 44.89 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 35.21 |
| Downside Intraday Target | 34.76 |
| Upside Intraday Target | 36.38 |
| Upside Intraday Target | 37.1 |
| Upside Intraday Target | 35.93 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Tue Jul 2024 | 35.65 | 36.18 | 36.66 | 35.49 | 0.828 times |
| 05 Fri Jul 2024 | 35.92 | 35.60 | 36.26 | 35.40 | 0.649 times |
| 03 Wed Jul 2024 | 36.18 | 36.74 | 36.74 | 35.36 | 0.482 times |
| 28 Fri Jun 2024 | 36.61 | 35.77 | 36.99 | 34.64 | 1.655 times |
| 21 Fri Jun 2024 | 35.70 | 37.40 | 37.45 | 35.00 | 2.28 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 |
| 09 Tue Jul 2024 | 35.65 | 36.74 | 36.74 | 35.36 | 0.315 times |
| 28 Fri Jun 2024 | 36.61 | 39.24 | 39.31 | 34.64 | 0.882 times |
| 31 Fri May 2024 | 38.64 | 38.97 | 42.31 | 37.09 | 1.291 times |
| 30 Tue Apr 2024 | 38.90 | 44.71 | 44.89 | 37.81 | 0.755 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 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 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 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 gaining momentum.
MACD generated a BUY signal for Summit Materials in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Summit Materials Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 36.07 and Summit Materials (SUM) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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 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 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 gaining momentum.
MACD generated a BUY signal for Summit Materials in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Summit Materials Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 36.07 and Summit Materials (SUM) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.