(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 2024-01-24 View latest technical analysis
10 day averaged volume of Summit Materials is 879430
Date | Daily Closing Price | Open | High | Low | Volume |
24 Wed Jan 2024 | 35.08 | 36.27 | 36.33 | 35.03 | 0.878 times |
23 Tue Jan 2024 | 35.81 | 37.43 | 37.48 | 35.73 | 1.049 times |
22 Mon Jan 2024 | 37.00 | 36.70 | 37.08 | 36.58 | 0.9 times |
19 Fri Jan 2024 | 36.34 | 36.33 | 36.40 | 35.63 | 0.99 times |
18 Thu Jan 2024 | 36.13 | 35.19 | 36.21 | 35.17 | 1.324 times |
17 Wed Jan 2024 | 35.10 | 34.47 | 35.29 | 34.38 | 1.004 times |
16 Tue Jan 2024 | 34.80 | 35.27 | 35.27 | 34.62 | 1.412 times |
12 Fri Jan 2024 | 35.32 | 36.07 | 36.39 | 35.19 | 1.082 times |
12 Fri Jan 2024 | 35.32 | 36.07 | 36.39 | 35.19 | 1.082 times |
11 Thu Jan 2024 | 36.66 | 36.60 | 36.77 | 36.18 | 0.472 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 35.5, but if it comes above 35.5, then a intra day buy could be more profitable.
If you take a sell trade below 35.5, then use 35.5 as stoploss and 34 as target. However if you take a buy trade in stock , then use 35.5 as stoploss and 36.67 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 | 36.40 |
Upside Target | 37.48 |
Upside Target | 37.80 |
Upside Target | 38.53 |
Upside Target | 38.63 |
Upside Target | 39.46 |
Intraday share price targets for Summit Materials (SUM)
Target Type | Value |
Downside Intraday Target | 34.25 |
Downside Intraday Target | 33.41 |
Upside Intraday Target | 36.7 |
Upside Intraday Target | 38.31 |
Upside Intraday Target | 35.86 |
Weekly technical analysis of Summit Materials (SUM)
Date | Weekly Closing Price | Open | High | Low | Volume |
24 Wed Jan 2024 | 35.08 | 36.70 | 37.48 | 35.03 | 0.598 times |
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 |
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 |
24 Wed Jan 2024 | 35.08 | 38.10 | 38.63 | 34.38 | 0.985 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 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 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 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 gaining momentum.
MACD generated a SELL signal for Summit Materials in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Summit Materials in short term and SELL 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 35.67 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 negative.
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 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 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 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 gaining momentum.
MACD generated a SELL signal for Summit Materials in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Summit Materials in short term and SELL 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 35.67 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.