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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 2024-08-19 View latest technical analysis

10 day averaged volume of Summit Materials is 890917

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	39.05	38.84	39.16	38.58	0.619 times
16 Fri Aug 2024	38.84	39.59	39.67	38.77	0.587 times
15 Thu Aug 2024	39.65	39.54	39.82	38.76	0.815 times
14 Wed Aug 2024	38.39	38.90	39.00	38.11	0.664 times
13 Tue Aug 2024	38.62	37.83	38.73	37.55	0.954 times
12 Mon Aug 2024	37.54	38.56	38.56	37.35	0.63 times
09 Fri Aug 2024	38.28	38.88	39.15	37.91	0.636 times
08 Thu Aug 2024	38.63	38.13	39.54	37.86	1.499 times
07 Wed Aug 2024	37.32	38.51	39.08	37.29	1.094 times
06 Tue Aug 2024	37.97	36.87	38.55	36.37	1.818 times

My analysis of stock is bullish for shortterm, and stock might move up till 40.2 or till 41.7. Use a stoploss of 38.94 and if this stock hits its stoploss, then it can fall down till 37.7

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	35.36
Downside Target	37.09
Downside Target	38.58
Upside Target	39.54
Upside Target	39.82
Upside Target	40.63
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	38.7
Downside Intraday Target	38.35
Upside Intraday Target	39.28
Upside Intraday Target	39.51
Downside Intraday Target	38.93

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	39.05	38.84	39.16	38.58	0.169 times
16 Fri Aug 2024	38.84	38.56	39.82	37.35	0.575 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

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
19 Mon Aug 2024	39.05	41.78	42.02	35.71	0.509 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 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 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 mid to longer 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.

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 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 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 38.36 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.