(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 2024-02-21 View latest technical analysis
10 day averaged volume of Summit Materials is 1144020
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Wed Feb 2024 | 41.29 | 39.77 | 41.34 | 39.55 | 1.756 times |
| 20 Tue Feb 2024 | 39.98 | 41.10 | 41.27 | 39.79 | 1.18 times |
| 16 Fri Feb 2024 | 41.54 | 39.99 | 41.99 | 39.64 | 1.68 times |
| 15 Thu Feb 2024 | 39.55 | 40.00 | 41.20 | 37.39 | 1.858 times |
| 14 Wed Feb 2024 | 37.63 | 37.38 | 37.95 | 36.92 | 0.896 times |
| 13 Tue Feb 2024 | 37.00 | 37.04 | 37.58 | 36.61 | 0.911 times |
| 12 Mon Feb 2024 | 38.26 | 37.76 | 38.72 | 37.76 | 0.679 times |
| 09 Fri Feb 2024 | 37.66 | 37.61 | 37.79 | 37.45 | 0.444 times |
| 08 Thu Feb 2024 | 37.74 | 37.44 | 38.10 | 37.32 | 0.662 times |
| 07 Wed Feb 2024 | 37.43 | 36.63 | 37.62 | 36.42 | 0.759 times |
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 41.4, for a target of 39.4 or 37.71
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 30.81 |
| Downside Target | 32.32 |
| Downside Target | 34.38 |
| Downside Target | 37.48 |
| Downside Target | 37.91 |
| Downside Target | 38.10 |
| Downside Target | 38.63 |
| Downside Target | 39.46 |
| Downside Target | 39.55 |
| Upside Target | 41.34 |
| Upside Target | 41.99 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 40.11 |
| Downside Intraday Target | 38.94 |
| Upside Intraday Target | 41.9 |
| Upside Intraday Target | 42.52 |
| Downside Intraday Target | 40.73 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Wed Feb 2024 | 41.29 | 41.10 | 41.34 | 39.55 | 0.487 times |
| 16 Fri Feb 2024 | 41.54 | 37.76 | 41.99 | 36.61 | 1.788 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 |
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 |
| 21 Wed Feb 2024 | 41.29 | 36.57 | 41.99 | 36.08 | 0.882 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 39.4 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.
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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 39.4 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.