(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 2024-08-08 View latest technical analysis
10 day averaged volume of Summit Materials is 1043999
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 38.63 | 38.13 | 39.54 | 37.86 | 1.279 times |
| 07 Wed Aug 2024 | 37.32 | 38.51 | 39.08 | 37.29 | 0.933 times |
| 06 Tue Aug 2024 | 37.97 | 36.87 | 38.55 | 36.37 | 1.551 times |
| 05 Mon Aug 2024 | 36.83 | 36.09 | 37.54 | 35.71 | 1.111 times |
| 02 Fri Aug 2024 | 38.73 | 38.99 | 39.28 | 37.33 | 1.173 times |
| 01 Thu Aug 2024 | 40.46 | 41.78 | 42.02 | 40.14 | 0.801 times |
| 31 Wed Jul 2024 | 41.78 | 41.18 | 42.78 | 40.72 | 0.951 times |
| 30 Tue Jul 2024 | 40.94 | 40.96 | 41.85 | 40.52 | 0.963 times |
| 29 Mon Jul 2024 | 40.14 | 40.22 | 40.69 | 39.92 | 0.558 times |
| 26 Fri Jul 2024 | 40.11 | 39.66 | 40.63 | 39.66 | 1.077 times |
My analysis of stock is bearish for shortterm, and stock might move down till 37.9 or till 36.4. Use a stoploss of 39.19 and if the stock hits stoploss, then it can shoot up till 40.47
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside Target | 35.36 |
| Downside Target | 37.09 |
| Upside Target | 39.25 |
| Upside Target | 39.54 |
| 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 | 36.38 |
| Downside Intraday Target | 34.13 |
| Upside Intraday Target | 40.21 |
| Upside Intraday Target | 41.79 |
| Downside Intraday Target | 37.96 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Thu Aug 2024 | 38.63 | 36.09 | 39.54 | 35.71 | 1.096 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 |
| 08 Thu Aug 2024 | 38.63 | 41.78 | 42.02 | 35.71 | 0.316 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 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 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 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 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 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 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 weakening, and bulls are picking up momentum!
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 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
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 39.11 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.
Price action analysis of Summit Materials ( (SUM) ) based on a short 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 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 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 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 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 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 weakening, and bulls are picking up momentum!
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 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
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 39.11 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.