Summit Materials Inc (SUM) Technical Analysis
NYSE:SUM • US86614U1007
Current stock price
SUM Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to SUM. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- SUM is part of the Construction Materials industry. There are 13 other stocks in this industry. SUM outperforms 91% of them.
- SUM is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SUM is leading 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 Weekly and Daily overview Charts
SUM Setup Rating and Analysis
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
SUM Support and Resistance Analysis
34.97
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.
When analyzing the resistance we notice one important 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.
SUM Technical Indicator Signal Analysis
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. |
SUM Chart- and CandleStick Pattern Analysis
SUM Technicals: Chart, Performance Metrics, Trend & Indicators
52.49
+0.04 (+0.08%)
Summit Materials Inc / SUM TA FAQ
What is the ChartMill technical rating of Summit Materials Inc (SUM) stock?
ChartMill assigns a technical rating of 8 / 10 to SUM.
Can you provide the trend direction for Summit Materials Inc?
The current trend direction for Summit Materials Inc (SUM) is Bullish.
What is the RSI signal for SUM stock?
Summit Materials Inc (SUM) has an RSI value of 73.5989. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Summit Materials Inc?
The MACD indicator for Summit Materials Inc (SUM) has a value of -0.0618033, indicating a bearish trend.
Can you provide the buy/sell signal for Summit Materials Inc?
The buy/sell signal for Summit Materials Inc (SUM) is buy as both the short term and long term trends are positive.