Summit Materials (SUM, $52.14) RSI Indicator left the overbought zone on January 07, 2025

#ConstructionMaterials, #TechnicalAnalysis, #RSI, #Bearish, #Stocks, #MidCap, #Russel2000
SUM - Summit Materials
RSI signal
Bearish Trend
67%
Odds of DOWN Trend
Price: $52.14
Daily change: +$1.04 (+2.04%)
Daily volume: 11.5M
Industry: Construction Materials

This is a signal that SUM's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 33 similar cases where SUM's RSI Indicator left the overbought zone, and in 22 of them led to a successful outcome. Odds of Success: 67%.