(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 2024-10-02 View latest technical analysis
10 day averaged volume of Summit Materials is 1049670
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Wed Oct 2024 | 37.30 | 37.95 | 37.99 | 37.17 | 0.806 times |
| 01 Tue Oct 2024 | 37.82 | 38.75 | 38.99 | 37.74 | 1.272 times |
| 30 Mon Sep 2024 | 39.03 | 38.40 | 39.10 | 38.28 | 0.894 times |
| 27 Fri Sep 2024 | 38.71 | 39.36 | 39.61 | 38.38 | 0.806 times |
| 26 Thu Sep 2024 | 39.21 | 39.19 | 40.10 | 39.03 | 0.769 times |
| 25 Wed Sep 2024 | 38.59 | 38.74 | 39.01 | 38.39 | 0.686 times |
| 24 Tue Sep 2024 | 38.57 | 39.22 | 39.34 | 38.48 | 0.797 times |
| 23 Mon Sep 2024 | 38.98 | 39.41 | 39.96 | 38.57 | 1.181 times |
| 20 Fri Sep 2024 | 39.36 | 40.18 | 40.38 | 39.32 | 1.881 times |
| 19 Thu Sep 2024 | 40.28 | 40.54 | 40.61 | 39.39 | 0.868 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 36.7 as stoploss in an intra day buy trade for a target of 38. However, stock will show a bearish move below 36.7.
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside Target | 37.17 |
| Upside Target | 38.99 |
| 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 | 42.78 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 36.61 |
| Downside Intraday Target | 35.93 |
| Upside Intraday Target | 38.54 |
| Upside Intraday Target | 39.79 |
| Upside Intraday Target | 37.86 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Wed Oct 2024 | 37.30 | 38.40 | 39.10 | 37.17 | 0.701 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 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 |
| 02 Wed Oct 2024 | 37.30 | 38.75 | 38.99 | 37.17 | 0.115 times |
| 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 |
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 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 mid to longer 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.
ADX buy sell signal for Summit Materials stock for short term is SELL. Signal strength is Weak 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
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 38.82 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 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 mid to longer 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.
ADX buy sell signal for Summit Materials stock for short term is SELL. Signal strength is Weak 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
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 38.82 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.