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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 2024-02-02 View latest technical analysis

10 day averaged volume of Summit Materials is 827190

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	37.34	36.86	37.64	36.75	0.74 times
01 Thu Feb 2024	37.37	36.57	37.39	36.09	0.842 times
31 Wed Jan 2024	36.18	37.34	37.52	36.13	1.052 times
30 Tue Jan 2024	37.56	37.21	37.91	37.00	0.783 times
29 Mon Jan 2024	37.38	36.63	37.45	36.42	1.144 times
26 Fri Jan 2024	36.50	36.08	36.68	35.84	0.953 times
25 Thu Jan 2024	35.88	35.74	36.38	35.57	1.167 times
24 Wed Jan 2024	35.08	36.27	36.33	35.03	0.933 times
23 Tue Jan 2024	35.81	37.43	37.48	35.73	1.115 times
22 Mon Jan 2024	37.00	36.70	37.08	36.58	0.956 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37.3, but if it comes below 37.3, then a intra day sell could be more profitable.
If you take a sell trade below 37.3, then use 37.3 as stoploss and 36.37 as target. However if you take a buy trade in stock , then use 37.3 as stoploss and 38.3 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	30.81
Downside Target	32.32
Downside Target	34.38
Downside Target	36.39
Downside Target	36.40
Upside Target	37.48
Upside Target	37.64
Upside Target	37.80
Upside Target	37.91
Upside Target	38.63
Upside Target	39.46

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	36.32
Downside Intraday Target	35.29
Upside Intraday Target	38.14
Upside Intraday Target	38.93
Downside Intraday Target	37.11

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	37.34	36.63	37.91	36.09	0.89 times
26 Fri Jan 2024	36.50	36.70	37.48	35.03	1.019 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

Price has moved up 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
02 Fri Feb 2024	37.34	36.57	37.64	36.09	0.075 times
31 Wed Jan 2024	36.18	38.10	38.63	34.38	1.299 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

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 SELL. Signal strength is Weak 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 red color and prices are in or above the red cloud Prices appear to be coming down

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 but selling is losing 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 36.55 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.