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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 2024-04-22 View latest technical analysis

10 day averaged volume of Summit Materials is 761080

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	38.79	38.55	39.04	38.12	1.07 times
19 Fri Apr 2024	38.31	38.50	38.89	37.81	1.315 times
18 Thu Apr 2024	38.47	39.54	39.71	38.46	1.262 times
17 Wed Apr 2024	39.03	40.03	40.44	38.89	1.368 times
16 Tue Apr 2024	39.50	40.06	40.17	39.40	1.314 times
15 Mon Apr 2024	40.19	41.96	41.97	40.14	0.653 times
12 Fri Apr 2024	41.03	41.24	41.61	40.93	0.819 times
11 Thu Apr 2024	41.60	41.56	42.02	41.36	0.824 times
10 Wed Apr 2024	41.50	41.15	42.09	40.71	0.981 times
09 Tue Apr 2024	42.28	42.56	42.95	41.74	0.969 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.7, but if it comes above 39.7, then a intra day buy could be more profitable.
If you take a sell trade below 39.7, then use 39.7 as stoploss and 37.5 as target. However if you take a buy trade in stock , then use 39.7 as stoploss and 41.6 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.38
Downside Target	36.08
Downside Target	37.81
Upside Target	40.62
Upside Target	41.95
Upside Target	42.80
Upside Target	43.23
Upside Target	43.32
Upside Target	44.78
Upside Target	44.89

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	38.26
Downside Intraday Target	37.73
Upside Intraday Target	39.18
Upside Intraday Target	39.57
Downside Intraday Target	38.65

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	38.79	38.55	39.04	38.12	0.181 times
19 Fri Apr 2024	38.31	41.96	41.97	37.81	1.446 times
12 Fri Apr 2024	41.03	43.25	43.32	40.71	0.805 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

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
22 Mon Apr 2024	38.79	44.71	44.89	37.81	0.543 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 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 losing momentum.

MACD generated a SELL signal for Summit Materials in short term and the sell signal is strong.

Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 39.86 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.