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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 2024-12-13 View latest technical analysis

10 day averaged volume of Summit Materials is 7894483

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	50.78	50.86	50.92	50.74	0.267 times
12 Thu Dec 2024	50.82	50.93	51.00	50.82	0.374 times
11 Wed Dec 2024	50.93	50.96	51.06	50.91	0.395 times
10 Tue Dec 2024	50.90	50.88	50.95	50.83	0.225 times
09 Mon Dec 2024	50.82	50.85	50.94	50.79	0.355 times
05 Thu Dec 2024	50.75	50.75	50.75	50.75	0.001 times
26 Tue Nov 2024	50.85	50.75	50.90	50.72	1.672 times
26 Tue Nov 2024	50.85	50.75	50.90	50.72	1.672 times
25 Mon Nov 2024	50.75	50.75	50.90	50.67	4.45 times
22 Fri Nov 2024	51.66	51.45	51.76	50.85	0.26 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 51.2 as stoploss in an intra day sell trade for a target of 50.04. However, stock will show a bullish move above 51.2.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.80
Downside Target	35.71
Downside Target	40.61
Downside Target	42.02
Downside Target	46.33
Downside Target	47.66
Downside Target	50.67
Upside Target	50.90
Upside Target	51.06
Upside Target	51.16
Upside Target	53.49

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	50.66
Downside Intraday Target	50.54
Upside Intraday Target	50.98
Upside Intraday Target	51.18
Upside Intraday Target	50.86

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	50.78	50.85	51.06	50.74	0.965 times
05 Thu Dec 2024	50.75	50.75	50.90	50.72	0.273 times
26 Tue Nov 2024	50.85	50.75	50.90	50.67	5.579 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

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
13 Fri Dec 2024	50.78	50.75	51.06	50.74	0.146 times
26 Tue Nov 2024	50.85	47.88	53.49	46.33	2.217 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

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 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. Bears 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 50.83 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 positive

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