(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 2024-05-01 View latest technical analysis
10 day averaged volume of Summit Materials is 861580
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Wed May 2024 | 39.23 | 38.97 | 40.05 | 38.52 | 1.261 times |
| 30 Tue Apr 2024 | 38.90 | 39.84 | 39.99 | 38.80 | 1.314 times |
| 29 Mon Apr 2024 | 40.13 | 40.07 | 40.58 | 39.69 | 1.026 times |
| 26 Fri Apr 2024 | 40.00 | 39.57 | 40.30 | 39.57 | 0.622 times |
| 25 Thu Apr 2024 | 39.37 | 38.19 | 39.54 | 38.00 | 0.951 times |
| 24 Wed Apr 2024 | 38.93 | 39.32 | 39.65 | 38.58 | 0.673 times |
| 23 Tue Apr 2024 | 39.56 | 38.89 | 39.78 | 38.82 | 0.984 times |
| 22 Mon Apr 2024 | 38.79 | 38.55 | 39.04 | 38.12 | 0.945 times |
| 19 Fri Apr 2024 | 38.31 | 38.50 | 38.89 | 37.81 | 1.162 times |
| 18 Thu Apr 2024 | 38.47 | 39.54 | 39.71 | 38.46 | 1.115 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 38.8 as stoploss in an intra day buy trade for a target of 40.25. However, stock will show a bearish move below 38.8.
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.38 |
| Downside Target | 36.08 |
| Downside Target | 37.81 |
| Upside Target | 40.05 |
| Upside Target | 40.71 |
| Upside Target | 41.95 |
| Upside Target | 41.97 |
| 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 | 38.31 |
| Downside Intraday Target | 37.38 |
| Upside Intraday Target | 40.37 |
| Upside Intraday Target | 41.5 |
| Upside Intraday Target | 39.44 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Wed May 2024 | 39.23 | 40.07 | 40.58 | 38.52 | 0.863 times |
| 26 Fri Apr 2024 | 40.00 | 38.55 | 40.30 | 38.00 | 0.799 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 |
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 |
| 01 Wed May 2024 | 39.23 | 38.97 | 40.05 | 38.52 | 0.064 times |
| 30 Tue Apr 2024 | 38.90 | 44.71 | 44.89 | 37.81 | 0.755 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 |
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 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 neutral. A longer time frame might give a better analysis.
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 and the sell 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 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 and BUY signal is strong.
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 39.12 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 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 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 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 neutral. A longer time frame might give a better analysis.
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 and the sell 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 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 and BUY signal is strong.
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 39.12 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.