Summit Materials, Inc. (NYSE:SUM) Dropped -2.4% – Here’s Why

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In its most recent trading session, Summit Materials, Inc. (NYSE:SUM) dropped by -2.4% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.003, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.378, an Accumulation/Distribution Index (ADI) of 0.378, an On-Balance Volume (OBV) of 358.516, and a Chaiikin Money Flow (CMF) of 23.91. 2.417

Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:

So when putting all the technical indicators together, this is what you get. Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.