(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 799140
Date | Daily Closing Price | Open | High | Low | Volume |
25 Thu Apr 2024 | 39.37 | 38.19 | 39.54 | 38.00 | 1.025 times |
24 Wed Apr 2024 | 38.93 | 39.32 | 39.65 | 38.58 | 0.726 times |
23 Tue Apr 2024 | 39.56 | 38.89 | 39.78 | 38.82 | 1.061 times |
22 Mon Apr 2024 | 38.79 | 38.55 | 39.04 | 38.12 | 1.019 times |
19 Fri Apr 2024 | 38.31 | 38.50 | 38.89 | 37.81 | 1.253 times |
18 Thu Apr 2024 | 38.47 | 39.54 | 39.71 | 38.46 | 1.202 times |
17 Wed Apr 2024 | 39.03 | 40.03 | 40.44 | 38.89 | 1.302 times |
16 Tue Apr 2024 | 39.50 | 40.06 | 40.17 | 39.40 | 1.251 times |
15 Mon Apr 2024 | 40.19 | 41.96 | 41.97 | 40.14 | 0.622 times |
12 Fri Apr 2024 | 41.03 | 41.24 | 41.61 | 40.93 | 0.78 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 39.1 as stoploss in an intra day buy trade for a target of 40.98. However, stock will show a bearish move below 39.1.
Share price targets for Summit Materials (SUM)
Target Type | Value |
Downside Target | 34.38 |
Downside Target | 36.08 |
Downside Target | 37.81 |
Upside Target | 39.46 |
Upside Target | 40.62 |
Upside Target | 41.95 |
Upside Target | 42.80 |
Upside Target | 43.23 |
Upside Target | 43.32 |
Upside Target | 44.78 |
Upside Target | 44.89 |
Intraday share price targets for Summit Materials (SUM)
Target Type | Value |
Downside Intraday Target | 38.32 |
Downside Intraday Target | 37.27 |
Upside Intraday Target | 40.1 |
Upside Intraday Target | 40.83 |
Downside Intraday Target | 39.05 |
Weekly technical analysis of Summit Materials (SUM)
Date | Weekly Closing Price | Open | High | Low | Volume |
25 Thu Apr 2024 | 39.37 | 38.55 | 39.78 | 38.00 | 0.68 times |
19 Fri Apr 2024 | 38.31 | 41.96 | 41.97 | 37.81 | 1.446 times |
12 Fri Apr 2024 | 41.03 | 43.25 | 43.32 | 40.71 | 0.805 times |
05 Fri Apr 2024 | 43.11 | 44.71 | 44.89 | 41.95 | 1.248 times |
28 Thu Mar 2024 | 44.57 | 43.36 | 44.78 | 42.80 | 0.606 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 |
25 Thu Apr 2024 | 39.37 | 44.71 | 44.89 | 37.81 | 0.642 times |
28 Thu Mar 2024 | 44.57 | 42.95 | 44.78 | 40.62 | 0.962 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 |
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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 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 39.21 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 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 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 39.21 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 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.