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Summit Materials Inc (SUM) Stock Technical Analysis

NYSE:SUM - New York Stock Exchange, Inc. - US86614U1007 - Common Stock - Currency: USD

52.49  +0.04 (+0.08%)

After market: 52.55 +0.06 (+0.11%)

Technical Rating and Analysis

8

Taking everything into account, SUM scores 8 out of 10 in our technical rating. 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 12 other stocks in this industry. SUM outperforms 72% of them.
A new 52 week high is currently being made by SUM, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, 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.
Weekly and Daily overview Charts
Summit Materials Inc / SUM Weekly stock chart
Summit Materials Inc / SUM Daily stock chart
Setup Rating and Analysis

5

Although SUM has an excellent technical rating, the quality of the presented setup is not ideal 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.

Support and Resistance Analysis

34.97

53.03

4 important support areas can be observed.

  • 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for SUM is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for SUM is up.
ChartMill Relative Strength84.31POSITIVESUM has a high relative strength, it outperformed 84.31% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of SUM is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of SUM is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of SUM is above the rising SMA(200).
Relative Strength Index/RSI (14)73.6OVERBOUGHTThe high RSI value suggests SUM may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.06NEGATIVEThe MACD value suggests SUM has a negative trend, although the MACD value is rising.
Stochastics (14,3)66.94NEUTRALThe Stochastics value for SUM is a neutral value.
Average True Range in percent/ATR (20)0.36LOW VOLATILITYThe low ATR as a percentage value for SUM suggests low volalility.
Average Directional Index/ADX (14)57.59POSITIVEThe high ADX value value for SUM suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Summit Materials Inc / SUM Daily stock chart

Summit Materials Inc

NYSE:SUM (2/10/2025, 8:24:42 PM)

After market: 52.55 +0.06 (+0.11%)

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