(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 2024-04-11 View latest technical analysis
10 day averaged volume of Summit Materials is 748030
Date | Daily Closing Price | Open | High | Low | Volume |
11 Thu Apr 2024 | 41.60 | 41.56 | 42.02 | 41.36 | 0.838 times |
10 Wed Apr 2024 | 41.50 | 41.15 | 42.09 | 40.71 | 0.998 times |
09 Tue Apr 2024 | 42.28 | 42.56 | 42.95 | 41.74 | 0.986 times |
08 Mon Apr 2024 | 42.70 | 43.25 | 43.32 | 42.68 | 0.504 times |
05 Fri Apr 2024 | 43.11 | 42.50 | 43.17 | 42.42 | 1.003 times |
04 Thu Apr 2024 | 42.32 | 43.23 | 43.77 | 42.16 | 1.089 times |
03 Wed Apr 2024 | 42.74 | 42.25 | 43.10 | 42.12 | 0.996 times |
02 Tue Apr 2024 | 42.41 | 42.96 | 43.02 | 41.95 | 1.023 times |
01 Mon Apr 2024 | 43.11 | 44.71 | 44.89 | 42.96 | 1.055 times |
28 Thu Mar 2024 | 44.57 | 44.03 | 44.78 | 43.88 | 1.197 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.7, but if it comes above 41.7, then a intra day buy could be more profitable.
If you take a sell trade below 41.7, then use 41.7 as stoploss and 40.6 as target. However if you take a buy trade in stock , then use 41.7 as stoploss and 42.61 as target.
Share price targets for Summit Materials (SUM)
Target Type | Value |
Downside Target | 34.38 |
Downside Target | 36.08 |
Downside Target | 38.63 |
Downside Target | 39.46 |
Downside Target | 40.62 |
Upside Target | 41.95 |
Upside Target | 42.79 |
Upside Target | 43.32 |
Upside Target | 43.82 |
Upside Target | 44.78 |
Upside Target | 44.89 |
Intraday share price targets for Summit Materials (SUM)
Target Type | Value |
Downside Intraday Target | 40.43 |
Downside Intraday Target | 39.27 |
Upside Intraday Target | 43.04 |
Upside Intraday Target | 44.49 |
Upside Intraday Target | 41.88 |
Weekly technical analysis of Summit Materials (SUM)
Date | Weekly Closing Price | Open | High | Low | Volume |
11 Thu Apr 2024 | 41.60 | 43.25 | 43.32 | 40.71 | 0.644 times |
05 Fri Apr 2024 | 43.11 | 44.71 | 44.89 | 41.95 | 1.248 times |
28 Thu Mar 2024 | 44.57 | 43.36 | 44.78 | 42.80 | 0.606 times |
22 Fri Mar 2024 | 43.37 | 41.04 | 43.82 | 40.62 | 0.688 times |
15 Fri Mar 2024 | 40.82 | 42.79 | 42.79 | 40.64 | 1.27 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 |
11 Thu Apr 2024 | 41.60 | 44.71 | 44.89 | 40.71 | 0.281 times |
28 Thu Mar 2024 | 44.57 | 42.95 | 44.78 | 40.62 | 0.962 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 |
Scroll below to view daily charts
Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Summit Materials ( (SUM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Summit Materials in short term but the sell signal is initial and weak.
Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Summit Materials in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 42.69 and Summit Materials (SUM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative returns over a short term period. Returns for a longer term period have been negative.
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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Summit Materials ( (SUM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Summit Materials ( (SUM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Summit Materials in short term but the sell signal is initial and weak.
Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Summit Materials in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 42.69 and Summit Materials (SUM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.