(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 2024-06-21 View latest technical analysis
10 day averaged volume of Summit Materials is 854000
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 35.70 | 35.21 | 35.88 | 35.00 | 2.051 times |
| 20 Thu Jun 2024 | 35.91 | 36.82 | 36.87 | 35.75 | 1.121 times |
| 18 Tue Jun 2024 | 37.01 | 37.40 | 37.45 | 36.74 | 0.938 times |
| 18 Tue Jun 2024 | 37.01 | 37.40 | 37.45 | 36.74 | 0.938 times |
| 17 Mon Jun 2024 | 37.49 | 36.83 | 37.55 | 36.63 | 0.865 times |
| 14 Fri Jun 2024 | 36.93 | 36.58 | 36.93 | 36.26 | 0.942 times |
| 13 Thu Jun 2024 | 37.16 | 37.33 | 37.61 | 37.05 | 1.221 times |
| 12 Wed Jun 2024 | 37.64 | 37.71 | 38.41 | 37.47 | 1.187 times |
| 11 Tue Jun 2024 | 36.83 | 37.24 | 37.51 | 36.77 | 1.245 times |
| 10 Mon Jun 2024 | 37.52 | 37.42 | 37.86 | 37.05 | 0.809 times |
Stock of Summit Materials (SUM) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 35.6, for a target of 36.7 or 37.69
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 35.00 |
| Upside Target | 36.08 |
| Upside Target | 38.41 |
| Upside Target | 39.31 |
| Upside Target | 39.63 |
| 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 | 34.65 |
| Downside Intraday Target | 33.6 |
| Upside Intraday Target | 37.1 |
| Upside Intraday Target | 38.5 |
| Upside Intraday Target | 36.05 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 35.70 | 37.40 | 37.45 | 35.00 | 2.28 times |
| 18 Tue Jun 2024 | 37.01 | 36.83 | 37.55 | 36.63 | 0.334 times |
| 14 Fri Jun 2024 | 36.93 | 37.42 | 38.41 | 36.26 | 1.161 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Summit Materials (SUM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 21 Fri Jun 2024 | 35.70 | 39.24 | 39.31 | 35.00 | 0.618 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 36.79 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.
Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 36.79 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.