(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 2024-07-17 View latest technical analysis
10 day averaged volume of Summit Materials is 889530
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Wed Jul 2024 | 39.84 | 40.73 | 40.98 | 39.83 | 1.658 times |
| 16 Tue Jul 2024 | 41.18 | 39.55 | 41.32 | 39.38 | 1.321 times |
| 15 Mon Jul 2024 | 39.14 | 38.78 | 39.33 | 38.47 | 1.226 times |
| 12 Fri Jul 2024 | 38.35 | 38.37 | 39.25 | 38.25 | 0.994 times |
| 11 Thu Jul 2024 | 38.01 | 37.61 | 38.15 | 37.56 | 0.975 times |
| 10 Wed Jul 2024 | 37.02 | 35.87 | 37.10 | 35.81 | 0.973 times |
| 09 Tue Jul 2024 | 35.65 | 36.23 | 36.38 | 35.49 | 0.73 times |
| 08 Mon Jul 2024 | 36.08 | 36.18 | 36.66 | 35.85 | 0.961 times |
| 05 Fri Jul 2024 | 35.92 | 35.94 | 36.18 | 35.64 | 1.269 times |
| 03 Wed Jul 2024 | 36.18 | 35.60 | 36.26 | 35.40 | 0.775 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 40.3, for a target of 38.4 or 36.81
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside Target | 35.36 |
| Downside Target | 36.26 |
| Downside Target | 39.25 |
| Downside Target | 39.31 |
| Upside Target | 40.62 |
| Upside Target | 41.32 |
| 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 | 38.43 |
| Downside Intraday Target | 37.03 |
| Upside Intraday Target | 41.28 |
| Upside Intraday Target | 42.73 |
| Upside Intraday Target | 39.88 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Wed Jul 2024 | 39.84 | 38.78 | 41.32 | 38.47 | 0.907 times |
| 12 Fri Jul 2024 | 38.35 | 36.18 | 39.25 | 35.49 | 2.268 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 |
Price has moved up 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 |
| 17 Wed Jul 2024 | 39.84 | 36.74 | 41.32 | 35.36 | 0.642 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 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 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 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 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 38.04 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.
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 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 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 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 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 38.04 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.