(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 2024-03-07 View latest technical analysis
10 day averaged volume of Summit Materials is 1309380
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Thu Mar 2024 | 43.35 | 43.74 | 44.17 | 43.31 | 0.892 times |
| 06 Wed Mar 2024 | 43.43 | 43.42 | 43.87 | 43.05 | 0.786 times |
| 05 Tue Mar 2024 | 43.15 | 43.53 | 43.99 | 42.77 | 1.007 times |
| 04 Mon Mar 2024 | 43.92 | 43.20 | 44.42 | 43.08 | 1.138 times |
| 01 Fri Mar 2024 | 43.20 | 42.95 | 43.56 | 42.76 | 0.879 times |
| 29 Thu Feb 2024 | 42.71 | 42.90 | 43.23 | 42.59 | 1.178 times |
| 28 Wed Feb 2024 | 42.39 | 42.33 | 42.88 | 42.27 | 0.787 times |
| 27 Tue Feb 2024 | 42.59 | 42.55 | 43.08 | 42.53 | 1.182 times |
| 26 Mon Feb 2024 | 42.25 | 42.26 | 42.65 | 41.97 | 0.85 times |
| 23 Fri Feb 2024 | 42.24 | 42.58 | 42.98 | 42.00 | 0.856 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 43.3, but if it comes below 43.3, then a intra day sell could be more profitable.
If you take a sell trade below 43.3, then use 43.3 as stoploss and 41.08 as target. However if you take a buy trade in stock , then use 43.3 as stoploss and 46 as target.
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 32.32 |
| Downside Target | 34.38 |
| Downside Target | 35.42 |
| Downside Target | 38.10 |
| Downside Target | 39.46 |
| Downside Target | 41.97 |
| Downside Target | 42.76 |
| Downside Target | 42.77 |
| Downside Target | 42.98 |
| Downside Target | 43.23 |
| Upside Target | 43.56 |
| Upside Target | 44.42 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 42.61 |
| Downside Intraday Target | 41.86 |
| Upside Intraday Target | 44.26 |
| Upside Intraday Target | 45.16 |
| Upside Intraday Target | 43.51 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Thu Mar 2024 | 43.35 | 43.20 | 44.42 | 42.77 | 0.784 times |
| 01 Fri Mar 2024 | 43.20 | 42.26 | 43.56 | 41.97 | 1.025 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 |
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 |
| 07 Thu Mar 2024 | 43.35 | 42.95 | 44.42 | 42.76 | 0.262 times |
| 29 Thu Feb 2024 | 42.71 | 36.57 | 43.23 | 36.08 | 1.346 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 |
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 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 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.
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 coming down
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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Summit Materials is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 42.94 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 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 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.
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 coming down
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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Summit Materials is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 42.94 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.