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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 2024-08-26 View latest technical analysis

10 day averaged volume of Summit Materials is 741512

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	40.51	41.50	41.99	40.40	1.666 times
23 Fri Aug 2024	40.36	39.53	40.96	39.53	1.176 times
22 Thu Aug 2024	39.22	38.97	39.62	38.83	0.862 times
21 Wed Aug 2024	39.05	38.94	39.21	38.53	1.904 times
20 Tue Aug 2024	38.61	39.05	39.36	38.60	0.929 times
19 Mon Aug 2024	39.05	38.84	39.16	38.58	0.743 times
16 Fri Aug 2024	38.84	39.59	39.67	38.77	0.705 times
15 Thu Aug 2024	39.65	39.54	39.82	38.76	0.979 times
14 Wed Aug 2024	38.39	38.90	39.00	38.11	0.798 times
13 Tue Aug 2024	38.62	37.83	38.73	37.55	1.146 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40.3, but if it comes below 40.3, then a intra day sell could be more profitable.
If you take a sell trade below 40.3, then use 40.3 as stoploss and 39.04 as target. However if you take a buy trade in stock , then use 40.3 as stoploss and 41.7 as target.

Share price targets for Summit Materials (SUM)

Target Type	Value
Downside Target	34.64
Downside Target	35.36
Downside Target	37.09
Downside Target	39.31
Downside Target	40.40
Upside Target	40.96
Upside Target	41.99
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	39.94
Downside Intraday Target	39.38
Upside Intraday Target	41.53
Upside Intraday Target	42.56
Upside Intraday Target	40.97

Weekly technical analysis of Summit Materials (SUM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	40.51	41.50	41.99	40.40	0.297 times
23 Fri Aug 2024	40.36	38.84	40.96	38.53	1.28 times
16 Fri Aug 2024	38.84	38.56	39.82	37.35	0.575 times
09 Fri Aug 2024	38.28	36.09	39.54	35.71	1.219 times
02 Fri Aug 2024	38.73	40.22	42.78	37.33	0.903 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
26 Mon Aug 2024	40.51	41.78	42.02	35.71	0.723 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 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 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.

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 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 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 tired and bears are picking up momentum.

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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Summit Materials is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.34 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.