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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.

10 day averaged volume of Summit Materials is 1327760

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 41.23 41.04 41.33 40.62 0.842 times
15 Fri Mar 2024 40.82 41.36 41.90 40.64 1.372 times
14 Thu Mar 2024 41.64 41.63 41.96 41.18 0.987 times
13 Wed Mar 2024 41.98 42.04 42.60 41.76 1.085 times
12 Tue Mar 2024 42.16 42.15 42.56 42.02 1.044 times
11 Mon Mar 2024 42.15 42.79 42.79 41.93 1.106 times
08 Fri Mar 2024 42.99 43.59 43.74 42.87 0.634 times
07 Thu Mar 2024 43.35 43.74 44.17 43.31 0.88 times
06 Wed Mar 2024 43.43 43.42 43.87 43.05 0.775 times
05 Tue Mar 2024 43.15 43.53 43.99 42.77 0.993 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.3, but if it comes above 41.3, then a intra day buy could be more profitable.
If you take a sell trade below 41.3, then use 41.3 as stoploss and 40.2 as target. However if you take a buy trade in stock , then use 41.3 as stoploss and 42.26 as target.

Share price targets for Summit Materials (SUM)

Target Type Value
Downside Target 32.32
Downside Target 34.38
Downside Target 35.42
Downside Target 38.63
Downside Target 39.46
Downside Target 40.62
Upside Target 42.77
Upside Target 42.79
Upside Target 42.98
Upside Target 43.23
Upside Target 43.56
Upside Target 44.42

Intraday share price targets for Summit Materials (SUM)

Target Type Value
Downside Intraday Target 40.79
Downside Intraday Target 40.35
Upside Intraday Target 41.5
Upside Intraday Target 41.77
Downside Intraday Target 41.06

Weekly technical analysis of Summit Materials (SUM)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 41.23 41.04 41.33 40.62 0.15 times
15 Fri Mar 2024 40.82 42.79 42.79 40.64 1.27 times
08 Fri Mar 2024 42.99 43.20 44.42 42.77 0.916 times
01 Fri Mar 2024 43.20 42.26 43.56 41.97 1.025 times
23 Fri Feb 2024 42.24 41.10 42.98 39.55 0.904 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
18 Mon Mar 2024 41.23 42.95 44.42 40.62 0.661 times
29 Thu Feb 2024 42.71 36.57 43.23 36.08 1.346 times
31 Wed Jan 2024 36.18 38.10 38.63 34.38 1.299 times
29 Fri Dec 2023 38.46 34.83 39.46 34.56 0.84 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Summit Materials in short term but the sell signal is initial and weak.

Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 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 42.18 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Summit Materials in short term but the sell signal is initial and weak.

Summit Materials Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 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 42.18 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 positive

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

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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