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(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 2024-07-30 View latest technical analysis

10 day averaged volume of Summit Materials is 1082318

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	40.94	40.96	41.85	40.52	0.928 times
29 Mon Jul 2024	40.14	40.22	40.69	39.92	0.539 times
26 Fri Jul 2024	40.11	39.66	40.63	39.66	1.039 times
25 Thu Jul 2024	38.86	37.70	39.75	37.52	0.849 times
24 Wed Jul 2024	37.44	38.89	39.25	37.35	0.971 times
23 Tue Jul 2024	39.16	38.65	39.33	38.46	0.978 times
22 Mon Jul 2024	38.99	38.96	39.03	38.33	0.912 times
19 Fri Jul 2024	38.63	39.17	39.18	38.28	0.89 times
18 Thu Jul 2024	39.31	39.61	40.10	38.82	1.375 times
17 Wed Jul 2024	39.84	40.73	40.98	39.83	1.363 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40, but if it comes below 40, then a intra day sell could be more profitable.
If you take a sell trade below 40, then use 40 as stoploss and 38.36 as target. However if you take a buy trade in stock , then use 40 as stoploss and 42.1 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	35.36
Downside Target	36.26
Downside Target	37.09
Downside Target	39.25
Downside Target	40.63
Upside Target	41.32
Upside Target	41.85
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	39.96
Downside Intraday Target	38.97
Upside Intraday Target	41.89
Upside Intraday Target	42.83
Downside Intraday Target	40.9

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	40.94	40.22	41.85	39.92	0.309 times
26 Fri Jul 2024	40.11	38.96	40.63	37.35	0.83 times
19 Fri Jul 2024	38.63	38.78	41.32	38.28	1.502 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

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
30 Tue Jul 2024	40.94	36.74	41.85	35.36	1.114 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 stronger in this stock.

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 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 39.34 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.