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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 2024-09-24 View latest technical analysis

10 day averaged volume of Summit Materials is 1001990

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	38.57	39.22	39.34	38.48	0.835 times
23 Mon Sep 2024	38.98	39.41	39.96	38.57	1.237 times
20 Fri Sep 2024	39.36	40.18	40.38	39.32	1.97 times
19 Thu Sep 2024	40.28	40.54	40.61	39.39	0.909 times
18 Wed Sep 2024	39.15	39.34	40.28	38.71	0.887 times
17 Tue Sep 2024	39.10	38.56	39.49	38.32	1.054 times
16 Mon Sep 2024	38.37	38.08	38.55	37.73	0.876 times
13 Fri Sep 2024	37.71	38.38	38.93	37.64	0.964 times
12 Thu Sep 2024	37.54	36.29	37.73	35.97	0.882 times
11 Wed Sep 2024	36.08	35.88	36.17	34.80	0.664 times

My analysis of stock is bullish for shortterm, and stock might move up till 39.7 or till 41.6. Use a stoploss of 38.2 and if this stock hits its stoploss, then it can fall down till 36.65

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	37.09
Upside Target	39.78
Upside Target	39.96
Upside Target	40.01
Upside Target	40.60
Upside Target	40.61
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	38.05
Downside Intraday Target	37.52
Upside Intraday Target	39.53
Upside Intraday Target	40.48
Upside Intraday Target	39

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	38.57	39.41	39.96	38.48	0.364 times
20 Fri Sep 2024	39.36	38.08	40.61	37.73	1.455 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

Price has moved down 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
24 Tue Sep 2024	38.57	39.81	40.61	34.80	0.732 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 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 short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Summit Materials ( (SUM) ) based on a short to mid 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 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.

Summit Materials Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL 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 38.68 and Summit Materials (SUM) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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