(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 2024-05-07 View latest technical analysis
10 day averaged volume of Summit Materials is 1136150
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 40.47 | 40.39 | 40.56 | 39.96 | 0.681 times |
| 06 Mon May 2024 | 40.31 | 39.93 | 40.49 | 39.57 | 0.971 times |
| 03 Fri May 2024 | 39.46 | 39.67 | 40.32 | 39.27 | 1.311 times |
| 02 Thu May 2024 | 39.10 | 38.05 | 39.55 | 37.09 | 2.539 times |
| 01 Wed May 2024 | 39.23 | 38.97 | 40.05 | 38.52 | 0.956 times |
| 30 Tue Apr 2024 | 38.90 | 39.84 | 39.99 | 38.80 | 0.997 times |
| 29 Mon Apr 2024 | 40.13 | 40.07 | 40.58 | 39.69 | 0.778 times |
| 26 Fri Apr 2024 | 40.00 | 39.57 | 40.30 | 39.57 | 0.472 times |
| 25 Thu Apr 2024 | 39.37 | 38.19 | 39.54 | 38.00 | 0.721 times |
| 24 Wed Apr 2024 | 38.93 | 39.32 | 39.65 | 38.58 | 0.51 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 40.6 as stoploss in an intra day sell trade for a target of 39.69. However, stock will show a bullish move above 40.6.
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.38 |
| Downside Target | 36.08 |
| Downside Target | 37.09 |
| Downside Target | 39.57 |
| Upside Target | 40.58 |
| Upside Target | 40.62 |
| Upside Target | 40.71 |
| Upside Target | 41.97 |
| Upside Target | 43.23 |
| Upside Target | 43.32 |
| Upside Target | 44.78 |
| Upside Target | 44.89 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 39.84 |
| Downside Intraday Target | 39.21 |
| Upside Intraday Target | 40.83 |
| Upside Intraday Target | 41.19 |
| Downside Intraday Target | 40.2 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 40.47 | 39.93 | 40.56 | 39.57 | 0.251 times |
| 03 Fri May 2024 | 39.46 | 40.07 | 40.58 | 37.09 | 2.079 times |
| 26 Fri Apr 2024 | 40.00 | 38.55 | 40.30 | 38.00 | 0.799 times |
| 19 Fri Apr 2024 | 38.31 | 41.96 | 41.97 | 37.81 | 1.446 times |
| 12 Fri Apr 2024 | 41.03 | 43.25 | 43.32 | 40.71 | 0.805 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 |
| 07 Tue May 2024 | 40.47 | 38.97 | 40.56 | 37.09 | 0.429 times |
| 30 Tue Apr 2024 | 38.90 | 44.71 | 44.89 | 37.81 | 0.755 times |
| 28 Thu Mar 2024 | 44.57 | 42.95 | 44.78 | 40.62 | 0.962 times |
| 29 Thu Feb 2024 | 42.71 | 36.57 | 43.23 | 36.08 | 1.346 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Summit Materials stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Summit Materials in short term but the buy signal is initial and weak.
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 red color and prices are in or above the red 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 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 39.49 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 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 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Summit Materials stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Summit Materials in short term but the buy signal is initial and weak.
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 red color and prices are in or above the red 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 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 39.49 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.