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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 2024-09-06 View latest technical analysis

10 day averaged volume of Summit Materials is 998897

Date Daily Closing Price Open High Low Volume
06 Fri Sep 2024 35.92 36.63 37.55 35.89 1.063 times
05 Thu Sep 2024 36.51 36.82 37.19 36.28 0.621 times
04 Wed Sep 2024 36.83 37.70 37.93 36.69 0.938 times
03 Tue Sep 2024 37.77 39.81 40.01 37.66 1.326 times
30 Fri Aug 2024 40.50 40.08 40.60 39.78 0.734 times
30 Fri Aug 2024 40.50 40.08 40.60 39.78 0.735 times
29 Thu Aug 2024 39.80 39.47 40.32 39.24 0.85 times
28 Wed Aug 2024 39.13 38.94 39.22 38.00 1.409 times
27 Tue Aug 2024 39.04 40.26 40.26 38.59 1.276 times
26 Mon Aug 2024 40.51 41.50 41.99 40.40 1.237 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 35.9, for a target of 37.5 or 38.79

Share price targets for Summit Materials (SUM)

Target Type Value
Downside Target 34.64
Downside Target 35.36
Upside Target 37.09
Upside Target 39.31
Upside Target 40.01
Upside Target 40.60
Upside Target 40.96
Upside Target 41.99
Upside Target 42.02
Upside Target 42.31
Upside Target 42.78

Intraday share price targets for Summit Materials (SUM)

Target Type Value
Downside Intraday Target 34.54
Downside Intraday Target 33.15
Upside Intraday Target 38.66
Upside Intraday Target 41.39
Upside Intraday Target 37.27

Weekly technical analysis of Summit Materials (SUM)

Date Weekly Closing Price Open High Low Volume
06 Fri Sep 2024 35.92 39.81 40.01 35.89 5.377 times
30 Fri Aug 2024 40.50 40.08 40.60 39.78 0.133 times
30 Fri Aug 2024 40.50 41.50 41.99 38.00 1.321 times
23 Fri Aug 2024 40.36 38.84 40.96 38.53 1.28 times
16 Fri Aug 2024 38.84 38.56 39.82 37.35 0.575 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Summit Materials (SUM)

Date Monthly Closing Price Open High Low Volume
06 Fri Sep 2024 35.92 39.81 40.01 35.89 0.185 times
30 Fri Aug 2024 40.50 41.78 42.02 35.71 0.943 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

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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Summit Materials in short term and SELL signal is strong!

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 38.66 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 negative.

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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Summit Materials in short term and SELL signal is strong!

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 38.66 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 negative.

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

Daily charts

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Daily chart
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