(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 2024-09-05 View latest technical analysis
10 day averaged volume of Summit Materials is 1000753
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Thu Sep 2024 | 36.51 | 36.82 | 37.19 | 36.28 | 0.62 times |
| 04 Wed Sep 2024 | 36.83 | 37.70 | 37.93 | 36.69 | 0.937 times |
| 03 Tue Sep 2024 | 37.77 | 39.81 | 40.01 | 37.66 | 1.324 times |
| 30 Fri Aug 2024 | 40.50 | 40.08 | 40.60 | 39.78 | 0.733 times |
| 30 Fri Aug 2024 | 40.50 | 40.08 | 40.60 | 39.78 | 0.733 times |
| 29 Thu Aug 2024 | 39.80 | 39.47 | 40.32 | 39.24 | 0.848 times |
| 28 Wed Aug 2024 | 39.13 | 38.94 | 39.22 | 38.00 | 1.407 times |
| 27 Tue Aug 2024 | 39.04 | 40.26 | 40.26 | 38.59 | 1.274 times |
| 26 Mon Aug 2024 | 40.51 | 41.50 | 41.99 | 40.40 | 1.234 times |
| 23 Fri Aug 2024 | 40.36 | 39.53 | 40.96 | 39.53 | 0.872 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 36.4, for a target of 37.8 or 38.91
Share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Target | 34.64 |
| Downside Target | 35.36 |
| Upside Target | 37.09 |
| Upside Target | 39.31 |
| Upside Target | 40.01 |
| Upside Target | 40.60 |
| Upside Target | 40.96 |
| Upside Target | 41.99 |
| Upside Target | 42.02 |
| Upside Target | 42.31 |
| Upside Target | 42.78 |
Intraday share price targets for Summit Materials (SUM)
| Target Type | Value |
| Downside Intraday Target | 35.19 |
| Downside Intraday Target | 33.87 |
| Upside Intraday Target | 38.92 |
| Upside Intraday Target | 41.33 |
| Upside Intraday Target | 37.6 |
Weekly technical analysis of Summit Materials (SUM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Thu Sep 2024 | 36.51 | 39.81 | 40.01 | 36.28 | 3.929 times |
| 30 Fri Aug 2024 | 40.50 | 40.08 | 40.60 | 39.78 | 0.133 times |
| 30 Fri Aug 2024 | 40.50 | 41.50 | 41.99 | 38.00 | 1.321 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Summit Materials (SUM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 05 Thu Sep 2024 | 36.51 | 39.81 | 40.01 | 36.28 | 0.135 times |
| 30 Fri Aug 2024 | 40.50 | 41.78 | 42.02 | 35.71 | 0.943 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 |
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 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 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 39.1 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 has given negative 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 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 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 39.1 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 has given negative 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.