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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 2024-08-07 View latest technical analysis

10 day averaged volume of Summit Materials is 1051603

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	37.32	38.51	39.08	37.29	0.927 times
06 Tue Aug 2024	37.97	36.87	38.55	36.37	1.54 times
05 Mon Aug 2024	36.83	36.09	37.54	35.71	1.103 times
02 Fri Aug 2024	38.73	38.99	39.28	37.33	1.165 times
01 Thu Aug 2024	40.46	41.78	42.02	40.14	0.795 times
31 Wed Jul 2024	41.78	41.18	42.78	40.72	0.944 times
30 Tue Jul 2024	40.94	40.96	41.85	40.52	0.956 times
29 Mon Jul 2024	40.14	40.22	40.69	39.92	0.554 times
26 Fri Jul 2024	40.11	39.66	40.63	39.66	1.069 times
25 Thu Jul 2024	38.86	37.70	39.75	37.52	0.874 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.9, but if it comes above 37.9, then a intra day buy could be more profitable.
If you take a sell trade below 37.9, then use 37.9 as stoploss and 36.3 as target. However if you take a buy trade in stock , then use 37.9 as stoploss and 39.16 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	35.36
Downside Target	37.09
Upside Target	39.08
Upside Target	39.31
Upside Target	40.63
Upside Target	41.32
Upside Target	42.02
Upside Target	42.31
Upside Target	42.78
Upside Target	44.89

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	35.66
Downside Intraday Target	34
Upside Intraday Target	39.03
Upside Intraday Target	40.74
Upside Intraday Target	37.37

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	37.32	36.09	39.08	35.71	0.809 times
02 Fri Aug 2024	38.73	40.22	42.78	37.33	0.903 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

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
07 Wed Aug 2024	37.32	41.78	42.02	35.71	0.257 times
31 Wed Jul 2024	41.78	36.74	42.78	35.36	1.165 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

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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

MACD generated a SELL signal for Summit Materials in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Summit Materials in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 39.15 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 positive

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