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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 2024-02-15 View latest technical analysis

10 day averaged volume of Summit Materials is 800760

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	39.55	40.00	41.20	37.39	2.655 times
14 Wed Feb 2024	37.63	37.38	37.95	36.92	1.28 times
13 Tue Feb 2024	37.00	37.04	37.58	36.61	1.302 times
12 Mon Feb 2024	38.26	37.76	38.72	37.76	0.97 times
09 Fri Feb 2024	37.66	37.61	37.79	37.45	0.635 times
08 Thu Feb 2024	37.74	37.44	38.10	37.32	0.946 times
07 Wed Feb 2024	37.43	36.63	37.62	36.42	1.084 times
06 Tue Feb 2024	36.31	36.34	36.85	36.08	1.329 times
05 Mon Feb 2024	36.48	36.78	36.86	36.22	0.82 times
02 Fri Feb 2024	37.34	36.86	37.64	36.75	0.764 times

Stock of Summit Materials (SUM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 39.2, for a target of 38 or 37.03

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	30.81
Downside Target	32.32
Downside Target	34.38
Downside Target	36.61
Downside Target	37.48
Downside Target	37.91
Downside Target	38.10
Downside Target	38.63
Downside Target	39.46
Upside Target	41.20

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	37.04
Downside Intraday Target	34.53
Upside Intraday Target	41.63
Upside Intraday Target	43.71
Downside Intraday Target	39.12

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	39.55	37.76	41.20	36.61	1.289 times
09 Fri Feb 2024	37.66	36.78	38.10	36.08	1.022 times
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

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
15 Thu Feb 2024	39.55	36.57	41.20	36.08	0.58 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 neutral. A longer time frame might give a better analysis.

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 BUY. Signal strength is Strong and stock is gaining 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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 37.79 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 positive

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