Stock Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
SUMMIT MATERIALS INC (NYSE:SUM)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SUM
The long term trend has been DOWN since Feb 6th, 2018 at 28.845
The intermediate term trend has been DOWN since May 29th, 2018 at 27.910
The short term trend has been DOWN since Aug 10th, 2018 at 20.700
Smart Scan Analysis for SUM
Based on a pre-defined weighted trend formula for chart analysis, SUM scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||34.06||Year High Date||2018-01-26|
|Year Low||19.6||Year Low Date||2018-08-15|
|52wk High||34.06||52wk High Date||2018-01-26|
|52wk Low||19.6||52wk Low Date||2018-08-15|