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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 2024-09-19 View latest technical analysis

10 day averaged volume of Summit Materials is 842574

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	40.28	40.54	40.61	39.39	1.081 times
18 Wed Sep 2024	39.15	39.34	40.28	38.71	1.055 times
17 Tue Sep 2024	39.10	38.56	39.49	38.32	1.253 times
16 Mon Sep 2024	38.37	38.08	38.55	37.73	1.042 times
13 Fri Sep 2024	37.71	38.38	38.93	37.64	1.146 times
12 Thu Sep 2024	37.54	36.29	37.73	35.97	1.049 times
11 Wed Sep 2024	36.08	35.88	36.17	34.80	0.79 times
10 Tue Sep 2024	36.19	35.93	36.28	35.64	0.663 times
09 Mon Sep 2024	35.65	35.95	36.47	35.60	1.006 times
06 Fri Sep 2024	35.92	36.63	37.55	35.89	1.261 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40, but if it comes below 40, then a intra day sell could be more profitable.
If you take a sell trade below 40, then use 40 as stoploss and 38.35 as target. However if you take a buy trade in stock , then use 40 as stoploss and 42 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	37.09
Downside Target	38.93
Downside Target	40.01
Upside Target	40.60
Upside Target	40.61
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	38.47
Downside Intraday Target	36.66
Upside Intraday Target	41.35
Upside Intraday Target	42.42
Downside Intraday Target	39.54

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	40.28	38.08	40.61	37.73	0.952 times
13 Fri Sep 2024	37.71	35.95	38.93	34.80	0.994 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

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 Thu Sep 2024	40.28	39.81	40.61	34.80	0.543 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 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 Strong and stock is gaining 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 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 and BUY signal is strong.

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 37.7 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.