(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 2024-08-05 View latest technical analysis
10 day averaged volume of Summit Materials is 978090
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 36.83 | 36.09 | 37.54 | 35.71 | 1.186 times |
| 02 Fri Aug 2024 | 38.73 | 38.99 | 39.28 | 37.33 | 1.252 times |
| 01 Thu Aug 2024 | 40.46 | 41.78 | 42.02 | 40.14 | 0.855 times |
| 31 Wed Jul 2024 | 41.78 | 41.18 | 42.78 | 40.72 | 1.015 times |
| 30 Tue Jul 2024 | 40.94 | 40.96 | 41.85 | 40.52 | 1.027 times |
| 29 Mon Jul 2024 | 40.14 | 40.22 | 40.69 | 39.92 | 0.596 times |
| 26 Fri Jul 2024 | 40.11 | 39.66 | 40.63 | 39.66 | 1.15 times |
| 25 Thu Jul 2024 | 38.86 | 37.70 | 39.75 | 37.52 | 0.94 times |
| 24 Wed Jul 2024 | 37.44 | 38.89 | 39.25 | 37.35 | 1.074 times |
| 23 Tue Jul 2024 | 39.16 | 38.65 | 39.33 | 38.46 | 1.082 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.5, but if it comes above 37.5, then a intra day buy could be more profitable.
If you take a sell trade below 37.5, then use 37.5 as stoploss and 35.7 as target. However if you take a buy trade in stock , then use 37.5 as stoploss and 39.03 as target.
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside Target | 35.36 |
| Upside Target | 37.09 |
| Upside Target | 39.25 |
| Upside Target | 39.31 |
| Upside Target | 40.63 |
| Upside Target | 41.32 |
| Upside Target | 42.02 |
| Upside Target | 42.31 |
| Upside Target | 42.78 |
| Upside Target | 44.89 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 35.85 |
| Downside Intraday Target | 34.86 |
| Upside Intraday Target | 37.68 |
| Upside Intraday Target | 38.52 |
| Downside Intraday Target | 36.69 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 36.83 | 36.09 | 37.54 | 35.71 | 0.25 times |
| 02 Fri Aug 2024 | 38.73 | 40.22 | 42.78 | 37.33 | 0.903 times |
| 26 Fri Jul 2024 | 40.11 | 38.96 | 40.63 | 37.35 | 0.83 times |
| 19 Fri Jul 2024 | 38.63 | 38.78 | 41.32 | 38.28 | 1.502 times |
| 12 Fri Jul 2024 | 38.35 | 36.18 | 39.25 | 35.49 | 2.268 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 |
| 05 Mon Aug 2024 | 36.83 | 41.78 | 42.02 | 35.71 | 0.142 times |
| 31 Wed Jul 2024 | 41.78 | 36.74 | 42.78 | 35.36 | 1.165 times |
| 28 Fri Jun 2024 | 36.61 | 39.24 | 39.31 | 34.64 | 0.882 times |
| 31 Fri May 2024 | 38.64 | 38.97 | 42.31 | 37.09 | 1.291 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 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 to mid 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 mid to longer 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
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 but the sell signal is initial and weak.
Summit Materials Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green 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 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 39.34 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 positive
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 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 to mid 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 mid to longer 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
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 but the sell signal is initial and weak.
Summit Materials Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green 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 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 39.34 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.