ROUNDHILL CANNABIS ETF (WEED) Stock Technical Analysis
USA - NYSEARCA:WEED - US53656F1286 - ETF
17.43 USD
-0.4 (-2.24%)
Overall WEED gets a technical rating of 6 out of 10. In the last year, WEED was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month WEED has a been trading in the 17.43 - 26.14 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that WEED is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
WEED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WEED is lagging the market.
WEED has an average technical rating and it also does not offer a high 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
9.08
23.16
3 important support areas can be observed.
- A support zone ranging from 17.42 to 17.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.08 from a trend line in the daily time frame.
- Support @9.17 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @22.93 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 | UP | POSITIVE | The long term trend for WEED is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEED is down. |
| ChartMill Relative Strength | 83.53 | POSITIVE | WEED has a high relative strength, it outperformed 83.53% 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 | POSITIVE | The current price of WEED is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WEED is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.31 | NEUTRAL | The RSI value for WEED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.86 | NEGATIVE | The MACD value suggests WEED has a negative trend. |
| Average True Range in percent/ATR (20) | 9.48 | HIGH VOLATILITY | The high ATR as a percentage value for WEED suggests high volalility. |
| Average Directional Index/ADX (14) | 27.52 | POSITIVE | The high ADX value value for WEED suggests a strong 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 (9/15/2025, 8:04:00 PM)
17.43
-0.4 (-2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.24%
1 Week-15.59%
2 Weeks-26.58%
1 Month-11.93%
3 Month91.61%
6 Month54.37%
12 Month-38.63%
2 Year-47.8%
3 Year-54.01%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.59
ATR(20)%9.48%
ATR Inc-38.29%
Range Today0.94
ADR(20)1.64
ADR(20)%9.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.53
Mansfield-0.3
10 Day High23.78
10 Day Low17.43
20 Day High26.15
20 Day Low17.43
52 Week High33.85
52 Week Low8.79
CS1 End17.42
CR1 Start22.93
Volume & EV
DER(3)-3.26%
DER(5)-0.23%
Volume23.10K
Volume Incr-49.31%
Vol(5)35.00K
Vol(50)51.62K