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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 2024-01-05 View latest technical analysis

10 day averaged volume of Summit Materials is 442270

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	36.81	36.35	36.94	36.35	1.422 times
04 Thu Jan 2024	36.57	37.18	37.18	36.31	1.254 times
03 Wed Jan 2024	36.81	38.28	38.28	36.69	1.785 times
02 Tue Jan 2024	38.27	38.10	38.63	37.81	1.07 times
29 Fri Dec 2023	38.46	38.74	38.88	38.37	0.945 times
29 Fri Dec 2023	38.46	38.74	38.88	38.37	0.945 times
28 Thu Dec 2023	38.84	38.81	38.92	38.60	0.878 times
27 Wed Dec 2023	38.99	39.17	39.31	38.89	0.702 times
26 Tue Dec 2023	39.16	38.98	39.46	38.98	0.885 times
22 Fri Dec 2023	38.97	38.76	39.14	38.63	0.794 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.1, but if it comes above 37.1, then a intra day buy could be more profitable.
If you take a sell trade below 37.1, then use 37.1 as stoploss and 36 as target. However if you take a buy trade in stock , then use 37.1 as stoploss and 37.99 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	29.98
Downside Target	30.81
Downside Target	32.32
Downside Target	34.56
Downside Target	35.42
Upside Target	38.05
Upside Target	38.63
Upside Target	38.88
Upside Target	39.08
Upside Target	39.32
Upside Target	39.46

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	35.87
Downside Intraday Target	34.93
Upside Intraday Target	38.19
Upside Intraday Target	39.57
Upside Intraday Target	37.25

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	36.81	38.10	38.63	36.31	5.852 times
29 Fri Dec 2023	38.46	38.74	38.88	38.37	0.277 times
29 Fri Dec 2023	38.46	38.98	39.46	38.37	0.611 times
22 Fri Dec 2023	38.97	38.57	39.32	38.05	0.459 times
15 Fri Dec 2023	38.34	36.52	39.08	36.21	1.87 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
05 Fri Jan 2024	36.81	38.10	38.63	36.31	0.182 times
29 Fri Dec 2023	38.46	34.83	39.46	34.56	0.84 times
30 Thu Nov 2023	34.69	32.76	35.42	32.32	0.503 times
31 Tue Oct 2023	32.90	31.07	36.07	30.81	1.02 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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Summit Materials in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Summit Materials in short term but BUY signal is weak.

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

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 37.89 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.