(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 2024-08-22 View latest technical analysis
10 day averaged volume of Summit Materials is 780648
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 39.22 | 38.97 | 39.62 | 38.83 | 0.818 times |
| 21 Wed Aug 2024 | 39.05 | 38.94 | 39.21 | 38.53 | 1.808 times |
| 20 Tue Aug 2024 | 38.61 | 39.05 | 39.36 | 38.60 | 0.882 times |
| 19 Mon Aug 2024 | 39.05 | 38.84 | 39.16 | 38.58 | 0.706 times |
| 16 Fri Aug 2024 | 38.84 | 39.59 | 39.67 | 38.77 | 0.67 times |
| 15 Thu Aug 2024 | 39.65 | 39.54 | 39.82 | 38.76 | 0.93 times |
| 14 Wed Aug 2024 | 38.39 | 38.90 | 39.00 | 38.11 | 0.758 times |
| 13 Tue Aug 2024 | 38.62 | 37.83 | 38.73 | 37.55 | 1.089 times |
| 12 Mon Aug 2024 | 37.54 | 38.56 | 38.56 | 37.35 | 0.719 times |
| 09 Fri Aug 2024 | 38.28 | 38.88 | 39.15 | 37.91 | 0.726 times |
My analysis of stock is bullish for shortterm, and stock might move up till 40.2 or till 41.6. Use a stoploss of 39.01 and if this stock hits its stoploss, then it can fall down till 37.81
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside Target | 35.36 |
| Downside Target | 37.09 |
| Upside Target | 39.31 |
| Upside Target | 39.62 |
| Upside Target | 39.82 |
| Upside Target | 40.63 |
| 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 | 38.63 |
| Downside Intraday Target | 38.03 |
| Upside Intraday Target | 39.72 |
| Upside Intraday Target | 40.21 |
| Downside Intraday Target | 39.12 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Thu Aug 2024 | 39.22 | 38.84 | 39.62 | 38.53 | 1.012 times |
| 16 Fri Aug 2024 | 38.84 | 38.56 | 39.82 | 37.35 | 0.575 times |
| 09 Fri Aug 2024 | 38.28 | 36.09 | 39.54 | 35.71 | 1.219 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 |
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 |
| 22 Thu Aug 2024 | 39.22 | 41.78 | 42.02 | 35.71 | 0.63 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Summit Materials ( (SUM) ) based on a short 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 short to mid 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 mid to longer 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.
ADX buy sell signal for Summit Materials stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Summit Materials in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Summit Materials in short term and BUY 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 38.78 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Summit Materials ( (SUM) ) based on a short 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 short to mid 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 mid to longer 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.
ADX buy sell signal for Summit Materials stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Summit Materials in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Summit Materials in short term and BUY 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 38.78 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.