SUM - Bearish IdeaA bit of a late entry for me, however still a great short opportunity to lower areas Target @ $40 Shortby EBGtrader0
Summit Material Impressive Shareholder ReturnsSummit Materials' (NYSE:SUM) five-year earnings growth trails the impressive shareholder returns. Summit Materials, Inc. stock is up an impressive 186% over the last five years. And in the last month, the share price has gained 16%. A Diffe4rent Perspective It's good to see that Summit Materials has rewarded shareholders with a total share holder return of 39% in the last twelve months. That's better than the annualised return of 23% over halfa decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance.Longby DEXWireNews1
SUMMIT MATERIALS Stock Chart Fibonacci Analysis 032823Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 27/61.80%by fibonacci61800
US Stock In Play: $SUM$SUM reflected intraday RS, wriggling out of its downtrend line. it is one of the few names with a price action supported on its rising 50MA during the December market weakness.Longby jfsrevg111
SUMMIT MATERIALS INCNYSE:SUM Hi traders. Some good paper for you for Monday's intraday trading. What's on the chart: 1. A strong historical level formed on January 22, 2018, you can see it on the senior TF W 2. we approached the level with a big bar, the move is over 3% Scenario: Sell on a breakdown of the 34.06 level Important: friends, trading on the false breakout model with two bars requires at least a basic knowledge of trading. I strongly recommend to always use protective stop orders this will save your deposit from uncontrolled risks. Shortby Alexey_MalorodovUpdated 112
SUM has room if they want itDeMark 9 month count is exhaustion risk, but it looks strong.Longby wstander0
SUMMIT MATERIALS INCNYSE:SUM Hi traders. We have some good paper for you for Monday's intraday trading. What's on the chart: 1. A strong historical level formed on January 22, 2018, you can see it on the senior TF W 2. we approached the level with a big bar, the move is over 3% Scenario: Sell on a breakdown of the 34.06 level Important: friends, trading on the false breakout model with two bars requires at least a basic knowledge of trading. We strongly recommend to always use protective stop orders this will save your deposit from uncontrolled risks. Shortby AMSK_CapitalUpdated 3
SUM daily and hourly watching for a break above 31 with volumeSUM daily and hourly watching for a break above 31 with volumeby billsim0001110
SUM BreakoutYeah that's pretty pretty pretty good. Nice RS during the recent selloff as well. #allkillernofillerLongby mroberts1204110
Long | SUMNYSE:SUM Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%Longby shkspr0
Multi-Month Balance Break | SUMMulti-month breakout in SUM. Look for continuation. Balance area projection up at $26.Longby Physik1
SUM - Outperforming Market Composite Aveverage,Leptokurtic PivotSUM - Outperforming Market Composite Aveverage,Leptokurtic Pivot Holding an overall investment the Asset Value at Risk is the worst scenario the price can reach, the worst loss at normal market conditions, before to consider managing the investment into the Balanced Portfolio of Uncorrelated Streams. Details on the chart. - Educational Details Modern Portfolio Theory (some "Stylized Facts of Asset Returns" ) - Value at Risk is a measure of the risk of loss for investments, given normal market conditions, in a period. It measures and quantifies the level of financial risk. The Asset VaR Breach occurs when a loss exceeds the VaR threshold . Knowing VaR modeling, it is possible to determine the amount of a potential loss that can occur . At the VaR Breach that investment has reached its worst scenario. Then, it can be the case to manage that investment into the balanced portfolio. - Asset Returns (Simple, Simple %, Logarithmic) highlight Outliers and Volatility Clusters of Asset Returns. - Rolling Standard Deviation as a Non-Gaussian Distribution of Returns, correlated to Price Curve or Asset Returns, highlights Leverage Effect, Skewness, and Kurtosis of the Returns. - Leptokurtic Pivots highlight the incidence of Outliers in long and fat tails of a Non-Gaussian Distribution of Asset Returns. This means that Anomalies (Outliers) describe conditions from which Asset Returns exceed the Probability Density Area. Then, the Asset shows an induced behavior. This is not going to persist and it carries a high risk of trading. But it can define the Price Strength. Then, it can set up the next steps of Trend Momentum and Trend Waves. - Platykurtosis is a condition where Asset Returns are inside the Probability Density Area. This means that there are not Anomalies (Outliers) and the Non-Gaussian Distribution of Asset Returns show short and tails. Then, the price behavior is proceeding without induced actions. This gives an acceptable or low risk of trading for the purpose to enter the market. Glossary of Wyckoff Terms - Climactic Point (Climax, Buying Climax, Selling Climax) : the peak, the extreme or the end of something and as the point of the highest dramatic tension or a major turning point in the action. Some synonyms are top, pinnacle, height, maximum, consummation, culmination or turn of the tide. What does a climax do? A climax stops a trend either temporarily or permanently depending on the subsequent action. A climax is preceded by some sort of trend. - Reaction Wave (Automatic Rally, Automatic Reaction) : the Climactic Point is caused by a panicky action, like a panicky liquidation, a panicky selling, that under extend the price, so as by the over extended price that has exhausted its supporting demand. The price is driven too far and this creates a vacuum. As soon as the extended price has been stopped the financial instrument should begin to reverse shortening the bullish or bearish thrust. The Reaction Wave is marked as Automatic (Automatic Rally, Automatic Reaction) because it occurs in a systemic way, after the Climactic Point. - Creek : relates to the flow of supply across the top of the trading range. The creek itself is a wiggly, squiggly trend line drawn free hand through the tops of the rallies within that trading range. - Ice : The ice is the former support area at the bottom of the trading area which becomes a supply area. The ice is shown by drawing a wiggly trend line across the various support points at the bottom of the range. In a manner similar to the creek which is drawn through the supply points at the tops of the rallies in the Trading Range. - Spring : A spring is a refinement of Mr. Wyckoff‘ s concept of a Terminal Shake-Out and grew out of that concept. A spring is a penetration below a previous support area which enables one to judge that quality and quantity of that supply on that penetration. The critical thing that is shown by the Spring or the Terminal Shakeout is the amount of Supply that comes out on the drive to new low ground and how well that Supply Distribution is Absorbed. Remember this vital point, it is important. The main difference between the spring and the terminal shake-out is how far it penetrates into the new low ground. - Upthrust : It is a sharp price movement above a prior supply level which does not hold, but immediately reacts below that previous level. Usually, on the Upthrust, the spread will be narrow and the volume will be increased, this is evidence of the supply overcoming demand. The volume, the supply has increased in strength relative to demand. If the volume doubles the price progress should be double and when it does not the inference may be drawn that the Supply is Overcoming the Demand. The confirmation that it is an Upthrust is in the promptness and in the manner in which it reacts, it should react promptly to show that the attempt to leave the Trading Range on the Upside has failed and generally it will react with either a lack of demand or with the pressure of supply coming in on the downside. The Upthrust itself is the Sign Of Weakness and the Last Point Of Supply all in the same action. It is normally followed by a more important Sign Of Weakness and a Last Point Of Supply. - Upthrust After Distribution : It is a special type of distribution in which the stock goes up! A Stop that is going up builds a cause and then tries to leave that Trading Range on the upside, fails and then begins the downtrend. In applying the rules you must use some judgment and some flexibility. The Upthrust After Distribution is a special market phenomenon or a principle which Mr. Robert Evans defined through his Wyckoff studies. When it does occur the Upthrust after Distribution can be an extremely helpful and profitable tool. After a financial instrument has moved up, it has Climaxed, it has then moved laterally and built a potential cause and is then moved into new high ground on an increase in volume and a relative narrowing of the spread to then return to the average level of closes, would indicate that the entire lateral level was not accumulation, but was distribution instead. - Thank you Girolamo Aloe Disclaimer Nobody in Girolamo Aloe's profile is a Financial Advisor and nothing herein is intended to be constructed as Financial Advice. Every content is for information and educational purposes only. Trading carries high risk. You should not invest money that you cannot afford to lose. Past performance is not an indication of future results.by girolamoaloe0
SUM: Unusual volume off a rising TL SUM has bounced off a rising TL with a hammer candlestick and an unusually daily volume. In H1 chart, we have a nice breakout offering good levels for entry and stop loss. Longby mohamed.tharwat.elsherief4
$SUM Construction increase boosts Summit Materials Entry level $24 = Target price $29 = Stop loss $22.50. Technically the chart is Bullish, but the fundamentals below maybe point to caution. The company has great exposure to the latest boost to construction spending, due to lower interest rates. Short interest 13.51% (high) P/E 133 (high) Average analysts price target $22.46 | Overweight Company profile Summit Materials, Inc. is a construction materials company. The company operates its business through the following segments: Cement, West and East. The Cement consists of its Hannibal, Missouri and Davenport, Iowa cement plants and distribution terminals along the Mississippi river from Minnesota to Louisiana. The West segment includes operations in Texas, the Mountain states of Utah, Colorado, Idaho, Wyoming and Nevada and in British Columbia, Canada. The East segments serves markets extending across the Midwestern and Eastern United States, most notably in Kansas, Missouri, Virginia, Kentucky, North Carolina, South Carolina and Nebraska where the company supplies aggregates, ready mix concrete, asphalt paving mix and paving and related services. It company manufactures construction materials and related downstream products. The company was founded by Thomas W. Hill on September 23, 2014 and is headquartered in Denver, CO. Longby Bullishcharts16
SUM - LongBuy signal here today, low volatility reading. Uptrend with higher low in place. Stop loss less than 10%, swing low @ $16.70. We can see that the long term downtrend has been broken now. 0.2% capital at riskLongby KAS109Updated 0
$SUM W bottom & bullish symmetrical triangle. Going higher$SUM has been cut in half from 2018 highs. $SUM just printed a W bottom and printing a bullish symmetrical triangle after recent earnings. I am long looking for much higher prices. Expecting a boom in business from infrastructure rebuild coming and perhaps even a wall which will need a lot of basic materials that $SUM producesLongby ProfitablePattern1
$SUM powering off multimonth lows. Was $34 in Jan. Steal at $13$SUM has been beaten on higher rate fears, but infrastructure spending coming after the midterms and $13 is an unbelievable steal of a price. Was $34 in just January.Longby ProfitablePattern0
$SUM crushed but poised to benefit bigly from infrastucure spend$SUM has been absolutely destroyed since early 2018 highs of $34 and now trading at $13. You can buy this materials company at 1/3 of the price it was trading at just a few months ago and join the likes of David Tepper and Steve Cohen who own this buying at prices much cheaper. Once the midterms pass we will see infrastructure bills coming to repair our crumbling infrastructure and US based companies such as $SUM are poised to benefit "bigly". $SUM reversed today off the lows on higher than normal volume in bull hammer formation. I am buying stock hereLongby ProfitablePattern1