SUM NEWS why is Summit Materials, Inc. price falling or rising

SUM NEWS reasons for why stock price of Summit Materials, Inc. is falling or rising

SUM Summit Materials is falling or rising technical reasons

Technical analysis forecast of Summit Materials Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Summit Materials SUM at this time. Stock is rising and might rise more.

It appears as if Summit Materials SUM gave a large move recently.

Stock of Summit Materials (SUM) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Summit Materials is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Summit Materials 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 39.27 as target. However if you take a buy trade in Summit Materials, then use 40.3 as stoploss and 41.4 as target.

SUM Summit Materials is falling or rising NEWS fundamental reasons

More announcements and NEWS

SUM Summit Materials, Inc. current price & indicator signals

Moving Averages for Summit Materials, Inc.

  • 5Day Average: 39.8
  • 12Day Average: 39.48
  • 20Day Average: 38.87
  • 50Day Average: 38.33
  • 100Day Average: 38.64
  • 150Day Average: 39.6
  • 200Day Average: 38.88

SUM Indicators & signals

Indicator MACD (12,26,9)

39.5, 39.13, 0.27
Indicator MACD is in positive zone

Indicator ADX (14)

14.29, 30.53, 22.9
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUM Summit Materials, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Fri Aug 2024 40.50 39.78 to 40.60 1.76% 0.78 times
29 Thu Aug 2024 39.80 39.24 to 40.32 1.71% 0.9 times
28 Wed Aug 2024 39.13 38.00 to 39.22 0.23% 1.49 times
27 Tue Aug 2024 39.04 38.59 to 40.26 -3.63% 1.35 times
26 Mon Aug 2024 40.51 40.40 to 41.99 0.37% 1.31 times
23 Fri Aug 2024 40.36 39.53 to 40.96 2.91% 0.92 times
22 Thu Aug 2024 39.22 38.83 to 39.62 0.44% 0.68 times
21 Wed Aug 2024 39.05 38.53 to 39.21 1.14% 1.49 times
20 Tue Aug 2024 38.61 38.60 to 39.36 -1.13% 0.73 times
19 Mon Aug 2024 39.05 38.58 to 39.16 0.54% 0.58 times
16 Fri Aug 2024 38.84 38.77 to 39.67 -2.04% 0.55 times
15 Thu Aug 2024 39.65 38.76 to 39.82 3.28% 0.77 times

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