(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 2024-05-08 View latest technical analysis
10 day averaged volume of Summit Materials is 1128800
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 40.40 | 40.08 | 40.55 | 39.98 | 0.787 times |
| 07 Tue May 2024 | 40.47 | 40.39 | 40.56 | 39.96 | 0.686 times |
| 06 Mon May 2024 | 40.31 | 39.93 | 40.49 | 39.57 | 0.977 times |
| 03 Fri May 2024 | 39.46 | 39.67 | 40.32 | 39.27 | 1.319 times |
| 02 Thu May 2024 | 39.10 | 38.05 | 39.55 | 37.09 | 2.555 times |
| 01 Wed May 2024 | 39.23 | 38.97 | 40.05 | 38.52 | 0.962 times |
| 30 Tue Apr 2024 | 38.90 | 39.84 | 39.99 | 38.80 | 1.003 times |
| 29 Mon Apr 2024 | 40.13 | 40.07 | 40.58 | 39.69 | 0.783 times |
| 26 Fri Apr 2024 | 40.00 | 39.57 | 40.30 | 39.57 | 0.475 times |
| 25 Thu Apr 2024 | 39.37 | 38.19 | 39.54 | 38.00 | 0.726 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 40.5 as stoploss in an intra day sell trade for a target of 39.64. However, stock will show a bullish move above 40.5.
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 | 39.79 |
| Downside Intraday Target | 39.19 |
| Upside Intraday Target | 40.78 |
| Upside Intraday Target | 41.17 |
| Downside Intraday Target | 40.18 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 40.40 | 39.93 | 40.56 | 39.57 | 0.37 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 |
| 08 Wed May 2024 | 40.40 | 38.97 | 40.56 | 37.09 | 0.481 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 gaining 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 coming down
CCI has generated a SELL signal for Summit Materials in short term but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 39.58 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 gaining 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 coming down
CCI has generated a SELL signal for Summit Materials in short term but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 39.58 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.