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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 2024-05-22 View latest technical analysis

10 day averaged volume of Summit Materials is 839687

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	39.37	40.01	40.38	38.81	1.273 times
21 Tue May 2024	40.12	40.04	40.13	39.04	1.015 times
20 Mon May 2024	40.40	40.07	40.47	39.88	0.747 times
17 Fri May 2024	40.04	40.24	40.33	39.76	0.92 times
16 Thu May 2024	40.13	41.86	41.86	40.11	1.379 times
15 Wed May 2024	42.13	41.37	42.31	41.31	1.179 times
14 Tue May 2024	40.73	40.55	40.90	40.20	0.734 times
13 Mon May 2024	40.14	40.75	40.81	40.01	0.833 times
10 Fri May 2024	40.61	40.74	41.33	40.33	0.946 times
09 Thu May 2024	40.60	40.36	40.97	40.36	1.189 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.4, but if it comes above 39.4, then a intra day buy could be more profitable.
If you take a sell trade below 39.4, then use 39.4 as stoploss and 38.5 as target. However if you take a buy trade in stock , then use 39.4 as stoploss and 40.08 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.38
Downside Target	36.08
Downside Target	37.09
Upside Target	40.58
Upside Target	40.62
Upside Target	41.33
Upside Target	42.31
Upside Target	43.23
Upside Target	44.78
Upside Target	44.89

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	38.63
Downside Intraday Target	37.89
Upside Intraday Target	40.29
Upside Intraday Target	41.21
Upside Intraday Target	39.55

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	39.37	40.07	40.47	38.81	0.602 times
17 Fri May 2024	40.04	40.75	42.31	39.76	0.929 times
10 Fri May 2024	40.61	39.93	41.33	39.57	0.61 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

Price has moved down 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
22 Wed May 2024	39.37	38.97	42.31	37.09	0.983 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 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 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 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 Weak and stock is losing momentum.

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

Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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

Stock of Summit Materials is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 40.42 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 negative.

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