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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 2024-06-10 View latest technical analysis

10 day averaged volume of Summit Materials is 854060

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	37.52	37.42	37.86	37.05	0.809 times
07 Fri Jun 2024	37.72	37.96	38.19	37.43	0.735 times
06 Thu Jun 2024	38.09	38.07	38.34	37.89	0.751 times
05 Wed Jun 2024	38.24	37.97	38.36	37.45	0.652 times
04 Tue Jun 2024	37.74	38.38	38.38	37.31	1.493 times
03 Mon Jun 2024	38.43	39.24	39.31	37.97	1.024 times
31 Fri May 2024	38.64	38.93	39.03	37.42	1.61 times
30 Thu May 2024	38.89	38.65	39.39	38.45	0.922 times
29 Wed May 2024	38.59	38.34	38.60	38.22	0.802 times
28 Tue May 2024	38.80	39.57	39.63	38.52	1.234 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38, but if it comes above 38, then a intra day buy could be more profitable.
If you take a sell trade below 38, then use 38 as stoploss and 36.6 as target. However if you take a buy trade in stock , then use 38 as stoploss and 39.19 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	36.08
Downside Target	37.05
Upside Target	39.31
Upside Target	39.76
Upside Target	40.47
Upside Target	40.62
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	37.09
Downside Intraday Target	36.67
Upside Intraday Target	37.9
Upside Intraday Target	38.29
Downside Intraday Target	37.48

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	37.52	37.42	37.86	37.05	0.174 times
07 Fri Jun 2024	37.72	39.24	39.31	37.31	1.019 times
31 Fri May 2024	38.64	39.57	39.63	37.42	1 times
24 Fri May 2024	39.46	40.07	40.47	38.43	0.921 times
17 Fri May 2024	40.04	40.75	42.31	39.76	0.929 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
10 Mon Jun 2024	37.52	39.24	39.31	37.05	0.212 times
31 Fri May 2024	38.64	38.97	42.31	37.09	1.291 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

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 38.3 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.