(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 2024-02-27 View latest technical analysis
10 day averaged volume of Summit Materials is 1423440
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Tue Feb 2024 | 42.59 | 42.55 | 43.08 | 42.53 | 1.087 times |
| 26 Mon Feb 2024 | 42.25 | 42.26 | 42.65 | 41.97 | 0.782 times |
| 23 Fri Feb 2024 | 42.24 | 42.58 | 42.98 | 42.00 | 0.787 times |
| 22 Thu Feb 2024 | 41.80 | 41.41 | 42.28 | 41.38 | 1.229 times |
| 21 Wed Feb 2024 | 41.29 | 39.77 | 41.34 | 39.55 | 1.412 times |
| 20 Tue Feb 2024 | 39.98 | 41.10 | 41.27 | 39.79 | 0.948 times |
| 16 Fri Feb 2024 | 41.54 | 39.99 | 41.99 | 39.64 | 1.35 times |
| 15 Thu Feb 2024 | 39.55 | 40.00 | 41.20 | 37.39 | 1.494 times |
| 14 Wed Feb 2024 | 37.63 | 37.38 | 37.95 | 36.92 | 0.72 times |
| 13 Tue Feb 2024 | 37.00 | 37.04 | 37.58 | 36.61 | 0.732 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.1, but if it comes below 41.1, then a intra day sell could be more profitable.
If you take a sell trade below 41.1, then use 41.1 as stoploss and 38.91 as target. However if you take a buy trade in stock , then use 41.1 as stoploss and 43.7 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 | 35.42 |
| Downside Target | 37.91 |
| Downside Target | 39.46 |
| Downside Target | 39.55 |
| Downside Target | 41.97 |
| Downside Target | 41.99 |
| Upside Target | 42.98 |
| Upside Target | 43.08 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 42.01 |
| Downside Intraday Target | 41.44 |
| Upside Intraday Target | 43.12 |
| Upside Intraday Target | 43.66 |
| Downside Intraday Target | 42.55 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Tue Feb 2024 | 42.59 | 42.26 | 43.08 | 41.97 | 0.427 times |
| 23 Fri Feb 2024 | 42.24 | 41.10 | 42.98 | 39.55 | 0.904 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 |
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 |
| 27 Tue Feb 2024 | 42.59 | 36.57 | 43.08 | 36.08 | 1.199 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 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 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 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 40.75 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 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 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 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 40.75 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.