(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 2024-08-15 View latest technical analysis
10 day averaged volume of Summit Materials is 972116
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Aug 2024 | 39.65 | 39.54 | 39.82 | 38.76 | 0.747 times |
| 14 Wed Aug 2024 | 38.39 | 38.90 | 39.00 | 38.11 | 0.609 times |
| 13 Tue Aug 2024 | 38.62 | 37.83 | 38.73 | 37.55 | 0.874 times |
| 12 Mon Aug 2024 | 37.54 | 38.56 | 38.56 | 37.35 | 0.578 times |
| 09 Fri Aug 2024 | 38.28 | 38.88 | 39.15 | 37.91 | 0.583 times |
| 08 Thu Aug 2024 | 38.63 | 38.13 | 39.54 | 37.86 | 1.374 times |
| 07 Wed Aug 2024 | 37.32 | 38.51 | 39.08 | 37.29 | 1.002 times |
| 06 Tue Aug 2024 | 37.97 | 36.87 | 38.55 | 36.37 | 1.666 times |
| 05 Mon Aug 2024 | 36.83 | 36.09 | 37.54 | 35.71 | 1.194 times |
| 02 Fri Aug 2024 | 38.73 | 38.99 | 39.28 | 37.33 | 1.26 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 40.2 as stoploss in an intra day sell trade for a target of 38.92. However, stock will show a bullish move above 40.2.
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside Target | 35.36 |
| Downside Target | 37.09 |
| Downside Target | 39.31 |
| Upside Target | 39.82 |
| 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 | 38.06 |
| Downside Intraday Target | 36.47 |
| Upside Intraday Target | 40.53 |
| Upside Intraday Target | 41.41 |
| Downside Intraday Target | 38.94 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Aug 2024 | 39.65 | 38.56 | 39.82 | 37.35 | 0.483 times |
| 09 Fri Aug 2024 | 38.28 | 36.09 | 39.54 | 35.71 | 1.219 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 |
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 |
| 15 Thu Aug 2024 | 39.65 | 41.78 | 42.02 | 35.71 | 0.461 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Summit Materials ( (SUM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Summit Materials stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Summit Materials in short term but the sell 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 38.16 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.
Price action analysis of Summit Materials ( (SUM) ) based on a short 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Summit Materials ( (SUM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Summit Materials stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Summit Materials in short term but the sell 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 38.16 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.