(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.