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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 2024-09-30 View latest technical analysis

10 day averaged volume of Summit Materials is 1015660

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	39.03	38.40	39.10	38.28	0.924 times
27 Fri Sep 2024	38.71	39.36	39.61	38.38	0.833 times
26 Thu Sep 2024	39.21	39.19	40.10	39.03	0.795 times
25 Wed Sep 2024	38.59	38.74	39.01	38.39	0.709 times
24 Tue Sep 2024	38.57	39.22	39.34	38.48	0.824 times
23 Mon Sep 2024	38.98	39.41	39.96	38.57	1.22 times
20 Fri Sep 2024	39.36	40.18	40.38	39.32	1.944 times
19 Thu Sep 2024	40.28	40.54	40.61	39.39	0.897 times
18 Wed Sep 2024	39.15	39.34	40.28	38.71	0.875 times
17 Tue Sep 2024	39.10	38.56	39.49	38.32	1.039 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 39.3 as stoploss in an intra day sell trade for a target of 37.98. However, stock will show a bullish move above 39.3.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	37.09
Upside Target	39.10
Upside Target	39.31
Upside Target	40.01
Upside Target	40.10
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	38.51
Downside Intraday Target	37.98
Upside Intraday Target	39.33
Upside Intraday Target	39.62
Downside Intraday Target	38.8

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	39.03	38.40	39.10	38.28	0.211 times
27 Fri Sep 2024	38.71	39.41	40.10	38.38	0.78 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

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
30 Mon Sep 2024	39.03	39.81	40.61	34.80	0.887 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 SELL signal for Summit Materials in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Summit Materials is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.14 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.