(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 2024-09-12 View latest technical analysis
10 day averaged volume of Summit Materials is 833294
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Thu Sep 2024 | 37.54 | 36.29 | 37.73 | 35.97 | 1.061 times |
| 11 Wed Sep 2024 | 36.08 | 35.88 | 36.17 | 34.80 | 0.799 times |
| 10 Tue Sep 2024 | 36.19 | 35.93 | 36.28 | 35.64 | 0.67 times |
| 09 Mon Sep 2024 | 35.65 | 35.95 | 36.47 | 35.60 | 1.017 times |
| 06 Fri Sep 2024 | 35.92 | 36.63 | 37.55 | 35.89 | 1.275 times |
| 05 Thu Sep 2024 | 36.51 | 36.82 | 37.19 | 36.28 | 0.744 times |
| 04 Wed Sep 2024 | 36.83 | 37.70 | 37.93 | 36.69 | 1.125 times |
| 03 Tue Sep 2024 | 37.77 | 39.81 | 40.01 | 37.66 | 1.59 times |
| 30 Fri Aug 2024 | 40.50 | 40.08 | 40.60 | 39.78 | 0.88 times |
| 30 Fri Aug 2024 | 40.50 | 40.08 | 40.60 | 39.78 | 0.88 times |
My analysis of stock is bearish for shortterm, and stock might move down till 36.7 or till 34.8. Use a stoploss of 38.36 and if the stock hits stoploss, then it can shoot up till 39.99
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside 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 | 35.65 |
| Downside Intraday Target | 33.76 |
| Upside Intraday Target | 38.58 |
| Upside Intraday Target | 39.62 |
| Downside Intraday Target | 36.69 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Thu Sep 2024 | 37.54 | 35.95 | 37.73 | 34.80 | 0.749 times |
| 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 |
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 |
| 12 Thu Sep 2024 | 37.54 | 39.81 | 40.01 | 34.80 | 0.323 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 and the sell 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 LOWS in short term which reflects strong selling momentum. 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 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 37.34 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 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 and the sell 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 LOWS in short term which reflects strong selling momentum. 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 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 37.34 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.