Summit Materials Inc (SUM) Stock Technical Analysis
NYSE:SUM - New York Stock Exchange, Inc. - US86614U1007 - Common Stock - Currency: USD
Taking everything into account, SUM scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, SUM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SUM is one of the better performing stocks in the Construction Materials industry, it outperforms 80% of 11 stocks in the same industry.
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 middle 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.
Looking at the yearly performance, SUM did better than 84% of all other 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.
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.
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.
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.
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)73.6
LBB52.13
UBB52.54
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