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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 2024-10-15 View latest technical analysis

10 day averaged volume of Summit Materials is 947170

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	39.54	38.96	40.36	38.77	1.315 times
14 Mon Oct 2024	38.89	38.54	39.00	38.33	0.912 times
11 Fri Oct 2024	38.59	37.84	38.71	37.79	0.937 times
10 Thu Oct 2024	37.79	37.15	37.86	36.83	1.308 times
09 Wed Oct 2024	37.94	36.69	38.09	36.63	1.36 times
08 Tue Oct 2024	36.83	37.20	37.53	36.49	1.028 times
07 Mon Oct 2024	36.83	36.52	37.09	36.23	0.588 times
04 Fri Oct 2024	37.06	37.61	37.61	36.64	0.743 times
03 Thu Oct 2024	37.06	37.09	37.25	36.44	0.821 times
02 Wed Oct 2024	37.30	37.95	37.99	37.17	0.893 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.3, but if it comes below 39.3, then a intra day sell could be more profitable.
If you take a sell trade below 39.3, then use 39.3 as stoploss and 38.38 as target. However if you take a buy trade in stock , then use 39.3 as stoploss and 40.5 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	37.73
Downside Target	39.10
Downside Target	39.31
Upside Target	40.10
Upside Target	40.36
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	38.46
Downside Intraday Target	37.38
Upside Intraday Target	40.49
Upside Intraday Target	41.44
Downside Intraday Target	39.41

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	39.54	38.54	40.36	38.33	0.427 times
11 Fri Oct 2024	38.59	36.52	38.71	36.23	1.075 times
04 Fri Oct 2024	37.06	38.40	39.10	36.44	1.034 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

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
15 Tue Oct 2024	39.54	38.75	40.36	36.23	0.565 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 up 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Summit Materials ( (SUM) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 37.9 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.