(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 2024-01-19 View latest technical analysis
10 day averaged volume of Summit Materials is 808230
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 36.34 | 36.33 | 36.40 | 35.63 | 1.078 times |
| 18 Thu Jan 2024 | 36.13 | 35.19 | 36.21 | 35.17 | 1.44 times |
| 17 Wed Jan 2024 | 35.10 | 34.47 | 35.29 | 34.38 | 1.092 times |
| 16 Tue Jan 2024 | 34.80 | 35.27 | 35.27 | 34.62 | 1.536 times |
| 12 Fri Jan 2024 | 35.32 | 36.07 | 36.39 | 35.19 | 1.177 times |
| 12 Fri Jan 2024 | 35.32 | 36.07 | 36.39 | 35.19 | 1.177 times |
| 11 Thu Jan 2024 | 36.66 | 36.60 | 36.77 | 36.18 | 0.514 times |
| 10 Wed Jan 2024 | 36.81 | 36.76 | 37.10 | 36.59 | 0.746 times |
| 09 Tue Jan 2024 | 36.98 | 37.03 | 37.26 | 36.49 | 0.919 times |
| 08 Mon Jan 2024 | 37.77 | 36.99 | 37.80 | 36.74 | 0.62 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 35.8 as stoploss in an intra day buy trade for a target of 37.13. However, stock will show a bearish move below 35.8.
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 | 36.40 |
| 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 | 35.01 |
| Downside Intraday Target | 33.69 |
| Upside Intraday Target | 37.03 |
| Upside Intraday Target | 37.73 |
| Downside Intraday Target | 35.71 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Fri Jan 2024 | 36.34 | 35.27 | 36.40 | 34.38 | 4.371 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 up 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 |
| 19 Fri Jan 2024 | 36.34 | 38.10 | 38.63 | 34.38 | 0.8 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 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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Summit Materials in short term and the sell 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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red 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 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 35.91 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 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 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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Summit Materials in short term and the sell 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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red 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 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 35.91 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 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.