(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 2024-08-02 View latest technical analysis
10 day averaged volume of Summit Materials is 951885
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 38.73 | 38.99 | 39.28 | 37.33 | 1.287 times |
| 01 Thu Aug 2024 | 40.46 | 41.78 | 42.02 | 40.14 | 0.879 times |
| 31 Wed Jul 2024 | 41.78 | 41.18 | 42.78 | 40.72 | 1.043 times |
| 30 Tue Jul 2024 | 40.94 | 40.96 | 41.85 | 40.52 | 1.056 times |
| 29 Mon Jul 2024 | 40.14 | 40.22 | 40.69 | 39.92 | 0.613 times |
| 26 Fri Jul 2024 | 40.11 | 39.66 | 40.63 | 39.66 | 1.181 times |
| 25 Thu Jul 2024 | 38.86 | 37.70 | 39.75 | 37.52 | 0.965 times |
| 24 Wed Jul 2024 | 37.44 | 38.89 | 39.25 | 37.35 | 1.104 times |
| 23 Tue Jul 2024 | 39.16 | 38.65 | 39.33 | 38.46 | 1.111 times |
| 22 Mon Jul 2024 | 38.99 | 38.96 | 39.03 | 38.33 | 1.037 times |
My analysis of stock is bearish for shortterm, and stock might move down till 37.4 or till 35.5. Use a stoploss of 38.99 and if the stock hits stoploss, then it can shoot up till 40.56
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 |
| Upside Target | 39.25 |
| Upside Target | 40.63 |
| Upside Target | 41.32 |
| Upside Target | 42.02 |
| Upside Target | 42.31 |
| Upside Target | 42.78 |
| Upside Target | 44.89 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 36.45 |
| Downside Intraday Target | 34.16 |
| Upside Intraday Target | 41.9 |
| Upside Intraday Target | 45.06 |
| Upside Intraday Target | 39.61 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 38.73 | 40.22 | 42.78 | 37.33 | 0.903 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 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 |
| 02 Fri Aug 2024 | 38.73 | 41.78 | 42.02 | 37.33 | 0.091 times |
| 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 |
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 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 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 to mid 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 mid to longer 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.
ADX buy sell signal for Summit Materials stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Summit Materials in short term and the buy 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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Summit Materials in short term and SELL 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 39.6 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 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.
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 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 to mid 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 mid to longer 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.
ADX buy sell signal for Summit Materials stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Summit Materials in short term and the buy 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 green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Summit Materials in short term and SELL 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 39.6 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 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.