ROUNDHILL CANNABIS ETF (WEED) Stock Technical Analysis
NYSEARCA:WEED - NYSE Arca - US53656F1286 - ETF - Currency: USD
Overall WEED gets a technical rating of 1 out of 10. WEED's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, WEED is a bad performer in the overall market: 95% of all stocks are doing better.
WEED is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Warning: WEED has an average volume of 13704 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month WEED has a been trading in the 8.96 - 10.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of WEED is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.88
17.66
When analyzing the support we notice one important area.
- A support zone ranging from 8.97 to 9.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.67 to 9.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.69 from a trend line in the daily time frame.
- Resistance @17.49 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for WEED is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEED is down. |
| ChartMill Relative Strength | 5.14 | NEGATIVE | WEED has a low relative strength, it was outperformed by 94.86% 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) | UP | MIXED | The current price of WEED is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.72 | NEUTRAL | The RSI value for WEED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests WEED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.37 | NEUTRAL | The Stochastics value for WEED is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for WEED suggests some volalility. |
| Average Directional Index/ADX (14) | 20.07 | NEUTRAL | The ADX value for WEED suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:WEED (6/25/2025, 8:18:58 PM)
9.6568
+0.54 (+5.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.92%
1 Week3.06%
2 Weeks0.7%
1 Month-8.17%
3 Month-13.79%
6 Month-37.62%
12 Month-69.44%
2 Year-56.72%
3 Year-78.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%3.11%
ATR Inc62.34%
Range Today0.51
ADR(20)0.25
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.14
Mansfield-5.31
10 Day High10
10 Day Low8.96
20 Day High10.7
20 Day Low8.96
52 Week High35.28
52 Week Low8.79
CS1 End9.09
CR1 Start9.67
Volume & EV
DER(3)1.87%
DER(5)-0.43%
Volume21.40K
Volume Incr-4.61%
Vol(5)10.86K
Vol(50)13.70K