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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 2024-03-08 View latest technical analysis

10 day averaged volume of Summit Materials is 1251240

Date Daily Closing Price Open High Low Volume
08 Fri Mar 2024 42.99 43.59 43.74 42.87 0.673 times
07 Thu Mar 2024 43.35 43.74 44.17 43.31 0.934 times
06 Wed Mar 2024 43.43 43.42 43.87 43.05 0.823 times
05 Tue Mar 2024 43.15 43.53 43.99 42.77 1.054 times
04 Mon Mar 2024 43.92 43.20 44.42 43.08 1.191 times
01 Fri Mar 2024 43.20 42.95 43.56 42.76 0.92 times
29 Thu Feb 2024 42.71 42.90 43.23 42.59 1.233 times
28 Wed Feb 2024 42.39 42.33 42.88 42.27 0.823 times
27 Tue Feb 2024 42.59 42.55 43.08 42.53 1.237 times
26 Mon Feb 2024 42.25 42.26 42.65 41.97 0.889 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 43.5 as stoploss in an intra day sell trade for a target of 41.35. However, stock will show a bullish move above 43.5.

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
Upside 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 42.37
Downside Intraday Target 41.74
Upside Intraday Target 44.02
Upside Intraday Target 45.04
Upside Intraday Target 43.39

Weekly technical analysis of Summit Materials (SUM)

Date Weekly Closing Price Open High Low Volume
08 Fri Mar 2024 42.99 43.20 44.42 42.77 0.916 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 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
08 Fri Mar 2024 42.99 42.95 44.42 42.76 0.298 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 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 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.

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 SELL signal for Summit Materials in short term but SELL signal is weak.

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 43.01 and Summit Materials (SUM) stock is trading below this level. This means that stock is falling with high volumes. 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 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 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.

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 SELL signal for Summit Materials in short term but SELL signal is weak.

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 43.01 and Summit Materials (SUM) stock is trading below this level. This means that stock is falling with high volumes. 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.

Daily charts

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Daily chart
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