Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-25 View latest technical analysis

10 day averaged volume of Summit Materials is 1606340

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	50.75	50.75	50.90	50.67	21.869 times
22 Fri Nov 2024	51.66	51.45	51.76	50.85	1.278 times
21 Thu Nov 2024	51.16	48.66	53.49	48.21	2.932 times
20 Wed Nov 2024	48.40	48.36	48.61	47.94	0.469 times
19 Tue Nov 2024	48.39	47.91	48.65	47.66	0.329 times
18 Mon Nov 2024	48.52	48.39	49.00	48.04	0.385 times
15 Fri Nov 2024	48.43	48.52	48.80	47.89	0.676 times
14 Thu Nov 2024	48.53	49.00	49.30	48.01	0.521 times
13 Wed Nov 2024	48.68	49.18	49.49	48.47	2.172 times
12 Tue Nov 2024	48.99	50.10	50.26	48.92	0.701 times

Stock of Summit Materials (SUM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 50.4, but if it comes below 50.4, then a intra day sell could be more profitable.
If you take a sell trade below 50.4, then use 50.4 as stoploss and 48.83 as target. However if you take a buy trade in stock , then use 50.4 as stoploss and 52.3 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.80
Downside Target	40.61
Downside Target	42.02
Downside Target	45.05
Downside Target	46.33
Downside Target	47.66
Downside Target	48.22
Downside Target	50.67
Upside Target	50.90
Upside Target	51.16
Upside Target	51.74
Upside Target	53.49

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	50.65
Downside Intraday Target	50.54
Upside Intraday Target	50.88
Upside Intraday Target	51
Upside Intraday Target	50.77

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	50.75	50.75	50.90	50.67	4.055 times
22 Fri Nov 2024	51.66	48.39	53.49	47.66	1.17 times
15 Fri Nov 2024	48.43	51.15	51.16	47.89	0.905 times
08 Fri Nov 2024	50.41	47.65	51.74	46.33	0.812 times
01 Fri Nov 2024	47.83	45.40	48.22	45.05	0.66 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Summit Materials (SUM)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	50.75	47.88	53.49	46.33	1.545 times
31 Thu Oct 2024	47.41	38.75	48.17	36.23	2.073 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Summit Materials in short term but the sell signal is initial and weak.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying 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 50.47 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.