ROUNDHILL CANNABIS ETF (WEED) Stock Technical Analysis
USA - NYSEARCA:WEED - US53656F1286 - ETF
Taking everything into account, WEED scores 3 out of 10 in our technical rating. In the last year, WEED was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
The technical rating of WEED is bad and it also does not present a quality setup 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
16.63
We found 3 important support areas.
- Support @17.79 from a horizontal line in the weekly time frame.
- Support @17.13 from a trend line in the daily time frame.
- Support @16.80 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 19.71 to 19.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @20.76 from a trend line in the weekly time frame.
- Resistance @21.58 from a trend line in the weekly time frame.
- Resistance @22.90 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WEED is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WEED is neutral. |
| ChartMill Relative Strength | 21.3 | NEGATIVE | WEED has a low relative strength, it was outperformed by 78.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WEED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WEED is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WEED is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.25 | NEUTRAL | The RSI value for WEED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WEED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.63 | NEUTRAL | The Stochastics value for WEED is a neutral value. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for WEED suggests high volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for WEED suggests a weak or negative trend. |
NYSEARCA:WEED (11/12/2025, 8:04:00 PM)
18.57
-0.45 (-2.39%)
ROUNDHILL CANNABIS ETF / WEED FAQ
Can you provide the ChartMill technical rating for ROUNDHILL CANNABIS ETF?
ChartMill assigns a technical rating of 3 / 10 to WEED.
What is the trend direction for WEED stock?
The current trend direction for ROUNDHILL CANNABIS ETF (WEED) is Bullish.
What is the RSI signal for ROUNDHILL CANNABIS ETF (WEED) stock?
ROUNDHILL CANNABIS ETF (WEED) has an RSI value of 46.2477. This indicates that the stock is currently neutral.
What are the support and resistance levels for ROUNDHILL CANNABIS ETF (WEED) stock?
ROUNDHILL CANNABIS ETF (WEED) has a support level at 17.79 and a resistance level at 19.71. Check the full technical report for our detailed analysis of WEED support and resistance levels.