Summit Materials Inc (SUM) Stock Technical Analysis
NYSE:SUM - New York Stock Exchange, Inc. - US86614U1007 - Common Stock - Currency: USD
Overall SUM gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SUM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
SUM is one of the better performing stocks in the Construction Materials industry, it outperforms 81% of 12 stocks in the same industry.
SUM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SUM has an average volume of 3663930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SUM is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month SUM has a been trading in a tight range between 52.04 and 54.07.
SUM has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.97
53.03
We found 4 important support areas.
- A support zone ranging from 50.34 to 52.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.06 from a trend line in the weekly time frame.
- Support @36.83 from a horizontal line in the daily time frame.
- Support @35.32 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 52.50 to 52.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SUM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SUM is up. |
| ChartMill Relative Strength | 84.31 | POSITIVE | SUM has a high relative strength, it outperformed 84.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SUM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SUM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SUM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.6 | OVERBOUGHT | The high RSI value suggests SUM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SUM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.94 | NEUTRAL | The Stochastics value for SUM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.36 | LOW VOLATILITY | The low ATR as a percentage value for SUM suggests low volalility. |
| Average Directional Index/ADX (14) | 57.59 | POSITIVE | The high ADX value value for SUM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
52.49
+0.04 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg0.08%
1 Week0.31%
2 Weeks0.38%
1 Month0.85%
3 Month8.38%
6 Month35.14%
12 Month26.36%
2 Year77.69%
3 Year70.99%
5 Year173.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%0.36%
ATR Inc688.31%
Range Today1.71
ADR(20)0.19
ADR(20)%0.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.31
Mansfield1.24
10 Day High54.07
10 Day Low52.19
20 Day High54.07
20 Day Low52.04
52 Week High54.07
52 Week Low34.64
CS1 End52.38
CR1 Start52.5
Volume & EV
DER(3)-4.39%
DER(5)-4.99%
Volume4.69M
Volume Incr-16.35%
Vol(5)3.05M
Vol(50)3.66M