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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 2024-10-23 View latest technical analysis

10 day averaged volume of Summit Materials is 1406280

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	40.62	39.88	40.93	39.88	1.326 times
22 Tue Oct 2024	40.30	41.14	41.25	40.26	1.475 times
21 Mon Oct 2024	41.43	42.10	42.24	41.24	1.287 times
18 Fri Oct 2024	42.28	41.78	42.65	41.49	0.953 times
17 Thu Oct 2024	41.75	40.75	41.95	40.43	1.61 times
16 Wed Oct 2024	40.65	39.74	40.71	39.65	0.746 times
15 Tue Oct 2024	39.54	38.96	40.36	38.77	0.886 times
14 Mon Oct 2024	38.89	38.54	39.00	38.33	0.614 times
11 Fri Oct 2024	38.59	37.84	38.71	37.79	0.631 times
10 Thu Oct 2024	37.79	37.15	37.86	36.83	0.881 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40.6, but if it comes below 40.6, then a intra day sell could be more profitable.
If you take a sell trade below 40.6, then use 40.6 as stoploss and 38.98 as target. However if you take a buy trade in stock , then use 40.6 as stoploss and 42.7 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	38.33
Downside Target	39.31
Downside Target	39.88
Downside Target	40.10
Downside Target	40.61
Upside Target	42.02
Upside Target	42.24
Upside Target	42.65
Upside Target	42.78

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	39.59
Downside Intraday Target	38.55
Upside Intraday Target	41.95
Upside Intraday Target	43.27
Upside Intraday Target	40.91

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	40.62	42.10	42.24	39.88	0.85 times
18 Fri Oct 2024	42.28	38.54	42.65	38.33	1.368 times
11 Fri Oct 2024	38.59	36.52	38.71	36.23	1.075 times
04 Fri Oct 2024	37.06	38.40	39.10	36.44	1.034 times
27 Fri Sep 2024	38.71	39.41	40.10	38.38	0.78 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
23 Wed Oct 2024	40.62	38.75	42.65	36.23	1.114 times
30 Mon Sep 2024	39.03	39.81	40.61	34.80	0.887 times
30 Fri Aug 2024	40.50	41.78	42.02	35.71	0.943 times
31 Wed Jul 2024	41.78	36.74	42.78	35.36	1.165 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Summit Materials ( (SUM) ) based on a short to mid 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.

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 Strong and stock is losing 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 SELL signal for Summit Materials in short term but SELL signal is weak.

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 40.45 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.