(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 2024-01-09 View latest technical analysis
10 day averaged volume of Summit Materials is 487340
Date | Daily Closing Price | Open | High | Low | Volume |
09 Tue Jan 2024 | 36.98 | 37.03 | 37.26 | 36.49 | 1.524 times |
08 Mon Jan 2024 | 37.77 | 36.99 | 37.80 | 36.74 | 1.028 times |
05 Fri Jan 2024 | 36.81 | 36.35 | 36.94 | 36.35 | 1.29 times |
04 Thu Jan 2024 | 36.57 | 37.18 | 37.18 | 36.31 | 1.138 times |
03 Wed Jan 2024 | 36.81 | 38.28 | 38.28 | 36.69 | 1.62 times |
02 Tue Jan 2024 | 38.27 | 38.10 | 38.63 | 37.81 | 0.971 times |
29 Fri Dec 2023 | 38.46 | 38.74 | 38.88 | 38.37 | 0.858 times |
29 Fri Dec 2023 | 38.46 | 38.74 | 38.88 | 38.37 | 0.858 times |
28 Thu Dec 2023 | 38.84 | 38.81 | 38.92 | 38.60 | 0.797 times |
27 Wed Dec 2023 | 38.99 | 39.17 | 39.31 | 38.89 | 0.637 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.3, but if it comes above 37.3, then a intra day buy could be more profitable.
If you take a sell trade below 37.3, then use 37.3 as stoploss and 36.3 as target. However if you take a buy trade in stock , then use 37.3 as stoploss and 38.08 as target.
Share price targets for Summit Materials (SUM)
Target Type | Value |
Downside Target | 29.98 |
Downside Target | 30.81 |
Downside Target | 32.32 |
Downside Target | 34.56 |
Downside Target | 35.42 |
Upside Target | 37.80 |
Upside Target | 38.53 |
Upside Target | 38.63 |
Upside Target | 38.88 |
Upside Target | 39.32 |
Upside Target | 39.46 |
Intraday share price targets for Summit Materials (SUM)
Target Type | Value |
Downside Intraday Target | 36.38 |
Downside Intraday Target | 35.78 |
Upside Intraday Target | 37.69 |
Upside Intraday Target | 38.4 |
Upside Intraday Target | 37.09 |
Weekly technical analysis of Summit Materials (SUM)
Date | Weekly Closing Price | Open | High | Low | Volume |
09 Tue Jan 2024 | 36.98 | 36.99 | 37.80 | 36.49 | 0.509 times |
05 Fri Jan 2024 | 36.81 | 38.10 | 38.63 | 36.31 | 5.852 times |
29 Fri Dec 2023 | 38.46 | 38.74 | 38.88 | 38.37 | 0.277 times |
29 Fri Dec 2023 | 38.46 | 38.98 | 39.46 | 38.37 | 0.611 times |
22 Fri Dec 2023 | 38.97 | 38.57 | 39.32 | 38.05 | 0.459 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 |
09 Tue Jan 2024 | 36.98 | 38.10 | 38.63 | 36.31 | 0.274 times |
29 Fri Dec 2023 | 38.46 | 34.83 | 39.46 | 34.56 | 0.84 times |
30 Thu Nov 2023 | 34.69 | 32.76 | 35.42 | 32.32 | 0.503 times |
31 Tue Oct 2023 | 32.90 | 31.07 | 36.07 | 30.81 | 1.02 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Summit Materials in short term but the sell signal is initial and weak.
Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below 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 SELL signal in short term and selling is picking up 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 37.58 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.
Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Summit Materials in short term but the sell signal is initial and weak.
Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below 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 SELL signal in short term and selling is picking up 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 37.58 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.