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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 2024-07-25 View latest technical analysis

10 day averaged volume of Summit Materials is 1103880

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	38.86	37.70	39.75	37.52	0.833 times
24 Wed Jul 2024	37.44	38.89	39.25	37.35	0.952 times
23 Tue Jul 2024	39.16	38.65	39.33	38.46	0.958 times
22 Mon Jul 2024	38.99	38.96	39.03	38.33	0.894 times
19 Fri Jul 2024	38.63	39.17	39.18	38.28	0.872 times
18 Thu Jul 2024	39.31	39.61	40.10	38.82	1.348 times
17 Wed Jul 2024	39.84	40.73	40.98	39.83	1.336 times
16 Tue Jul 2024	41.18	39.55	41.32	39.38	1.065 times
15 Mon Jul 2024	39.14	38.78	39.33	38.47	0.988 times
12 Fri Jul 2024	38.35	38.37	39.25	38.25	0.801 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 39.3 as stoploss in an intra day sell trade for a target of 37.69. However, stock will show a bullish move above 39.3.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	35.36
Downside Target	36.26
Upside Target	39.25
Upside Target	39.31
Upside Target	39.75
Upside Target	40.62
Upside Target	41.32
Upside Target	42.31
Upside Target	44.78
Upside Target	44.89

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	37.56
Downside Intraday Target	36.25
Upside Intraday Target	39.96
Upside Intraday Target	41.05
Downside Intraday Target	38.65

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	38.86	38.96	39.75	37.35	0.648 times
19 Fri Jul 2024	38.63	38.78	41.32	38.28	1.502 times
12 Fri Jul 2024	38.35	36.18	39.25	35.49	2.268 times
05 Fri Jul 2024	35.92	35.60	36.26	35.40	0.649 times
03 Wed Jul 2024	36.18	36.74	36.74	35.36	0.482 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
25 Thu Jul 2024	38.86	36.74	41.32	35.36	0.974 times
28 Fri Jun 2024	36.61	39.24	39.31	34.64	0.882 times
31 Fri May 2024	38.64	38.97	42.31	37.09	1.291 times
30 Tue Apr 2024	38.90	44.71	44.89	37.81	0.755 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Summit Materials stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Summit Materials in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 39.17 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.