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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 2024-07-31 View latest technical analysis

10 day averaged volume of Summit Materials is 1065264

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	41.78	41.18	42.78	40.72	0.932 times
30 Tue Jul 2024	40.94	40.96	41.85	40.52	0.943 times
29 Mon Jul 2024	40.14	40.22	40.69	39.92	0.547 times
26 Fri Jul 2024	40.11	39.66	40.63	39.66	1.056 times
25 Thu Jul 2024	38.86	37.70	39.75	37.52	0.863 times
24 Wed Jul 2024	37.44	38.89	39.25	37.35	0.986 times
23 Tue Jul 2024	39.16	38.65	39.33	38.46	0.993 times
22 Mon Jul 2024	38.99	38.96	39.03	38.33	0.926 times
19 Fri Jul 2024	38.63	39.17	39.18	38.28	0.904 times
18 Thu Jul 2024	39.31	39.61	40.10	38.82	1.397 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 42.5, for a target of 40.4 or 38.64

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	35.36
Downside Target	36.26
Downside Target	37.09
Downside Target	39.25
Downside Target	40.63
Downside Target	41.32
Upside Target	42.31
Upside Target	42.78
Upside Target	44.78
Upside Target	44.89

Intraday share price targets for Summit Materials (SUM)

Target Type	Value
Downside Intraday Target	40.21
Downside Intraday Target	38.63
Upside Intraday Target	43.07
Upside Intraday Target	44.35
Downside Intraday Target	41.49

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	41.78	40.22	42.78	39.92	0.502 times
26 Fri Jul 2024	40.11	38.96	40.63	37.35	0.83 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

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
31 Wed Jul 2024	41.78	36.74	42.78	35.36	1.165 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Summit Materials stock for short term is BUY. Signal strength is Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 and BUY signal is strong.

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 39.5 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.