(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 2024-07-11 View latest technical analysis
10 day averaged volume of Summit Materials is 1017890
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Thu Jul 2024 | 38.01 | 37.61 | 38.15 | 37.56 | 0.852 times |
| 10 Wed Jul 2024 | 37.02 | 35.87 | 37.10 | 35.81 | 0.85 times |
| 09 Tue Jul 2024 | 35.65 | 36.23 | 36.38 | 35.49 | 0.638 times |
| 08 Mon Jul 2024 | 36.08 | 36.18 | 36.66 | 35.85 | 0.84 times |
| 05 Fri Jul 2024 | 35.92 | 35.94 | 36.18 | 35.64 | 1.109 times |
| 03 Wed Jul 2024 | 36.18 | 35.60 | 36.26 | 35.40 | 0.677 times |
| 03 Wed Jul 2024 | 36.18 | 35.60 | 36.26 | 35.40 | 0.677 times |
| 02 Tue Jul 2024 | 35.61 | 35.51 | 35.88 | 35.36 | 1.012 times |
| 01 Mon Jul 2024 | 35.63 | 36.74 | 36.74 | 35.43 | 1.061 times |
| 28 Fri Jun 2024 | 36.61 | 36.65 | 36.99 | 36.31 | 2.23 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 37.9, for a target of 37 or 36.3
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside Target | 36.26 |
| Downside Target | 37.45 |
| Downside Target | 37.81 |
| Upside Target | 38.15 |
| 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 | 36.28 |
| Downside Intraday Target | 34.56 |
| Upside Intraday Target | 38.94 |
| Upside Intraday Target | 39.88 |
| Downside Intraday Target | 37.22 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Thu Jul 2024 | 38.01 | 36.18 | 38.15 | 35.49 | 1.781 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Summit Materials (SUM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 11 Thu Jul 2024 | 38.01 | 36.74 | 38.15 | 35.36 | 0.404 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 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 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 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 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 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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 36.32 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 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 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 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 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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 36.32 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.