(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 2024-01-17 View latest technical analysis
10 day averaged volume of Summit Materials is 737950
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 35.10 | 34.47 | 35.29 | 34.38 | 1.196 times |
| 16 Tue Jan 2024 | 34.80 | 35.27 | 35.27 | 34.62 | 1.682 times |
| 12 Fri Jan 2024 | 35.32 | 36.07 | 36.39 | 35.19 | 1.29 times |
| 12 Fri Jan 2024 | 35.32 | 36.07 | 36.39 | 35.19 | 1.29 times |
| 11 Thu Jan 2024 | 36.66 | 36.60 | 36.77 | 36.18 | 0.563 times |
| 10 Wed Jan 2024 | 36.81 | 36.76 | 37.10 | 36.59 | 0.817 times |
| 09 Tue Jan 2024 | 36.98 | 37.03 | 37.26 | 36.49 | 1.006 times |
| 08 Mon Jan 2024 | 37.77 | 36.99 | 37.80 | 36.74 | 0.679 times |
| 05 Fri Jan 2024 | 36.81 | 36.35 | 36.94 | 36.35 | 0.852 times |
| 04 Thu Jan 2024 | 36.57 | 37.18 | 37.18 | 36.31 | 0.751 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 36, but if it comes above 36, then a intra day buy could be more profitable.
If you take a sell trade below 36, then use 36 as stoploss and 34.3 as target. However if you take a buy trade in stock , then use 36 as stoploss and 37.34 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 | 34.38 |
| Upside Target | 36.39 |
| Upside Target | 37.80 |
| Upside Target | 38.37 |
| Upside Target | 38.53 |
| Upside Target | 38.63 |
| Upside Target | 38.88 |
| Upside Target | 39.46 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 34.56 |
| Downside Intraday Target | 34.01 |
| Upside Intraday Target | 35.47 |
| Upside Intraday Target | 35.83 |
| Downside Intraday Target | 34.92 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 35.10 | 35.27 | 35.29 | 34.38 | 2.232 times |
| 12 Fri Jan 2024 | 35.32 | 36.07 | 36.39 | 35.19 | 0.296 times |
| 12 Fri Jan 2024 | 35.32 | 36.99 | 37.80 | 35.19 | 1.314 times |
| 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 |
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 |
| 17 Wed Jan 2024 | 35.10 | 38.10 | 38.63 | 34.38 | 0.649 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 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 neutral. A longer time frame might give a better analysis.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 35.95 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 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 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 neutral. A longer time frame might give a better analysis.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 35.95 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.