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ROUNDHILL CANNABIS ETF (WEED) Stock Technical Analysis

NYSEARCA:WEED - NYSE Arca - US53656F1286 - ETF - Currency: USD

12.4256  -0.91 (-6.85%)

Technical Rating and Analysis

6

Overall WEED gets a technical rating of 6 out of 10. In the last year, WEED was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, WEED is a bad performer in the overall market: 93% of all stocks are doing better.
WEED is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: WEED has an average volume of 20962 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month WEED has a been trading in the 9.42 - 13.64 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
ROUNDHILL CANNABIS ETF / WEED Weekly stock chart
ROUNDHILL CANNABIS ETF / WEED Daily stock chart
Setup Rating and Analysis

4

WEED has an average technical rating and also the quality of the setup is only medium 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.

Support and Resistance Analysis

9.08

15.52

We found 2 important support areas.

  • A support zone ranging from 11.34 to 11.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @9.17 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 13.33 to 13.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @15.37 from a trend line in the weekly time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for WEED is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for WEED is up.
ChartMill Relative Strength7.26NEGATIVEWEED has a low relative strength, it was outperformed by 92.74% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of WEED is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of WEED is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of WEED is below a declining SMA(200).
Relative Strength Index/RSI (14)69.35NEUTRALThe RSI value for WEED is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.19POSITIVEThe MACD value suggests WEED has a positive trend.
Stochastics (14,3)80.29OVERBOUGHTThe high Stochastics value suggests WEED may be overbought.
Average True Range in percent/ATR (20)5.38HIGH VOLATILITYThe high ATR as a percentage value for WEED suggests high volalility.
Average Directional Index/ADX (14)31.98POSITIVEThe high ADX value value for WEED suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
ROUNDHILL CANNABIS ETF / WEED Daily stock chart

ROUNDHILL CANNABIS ETF

NYSEARCA:WEED (7/29/2025, 4:10:10 PM)

12.4256

-0.91 (-6.85%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.85%
1 Week11.14%
2 Weeks10%
1 Month42.12%
3 Month4.24%
6 Month-7.34%
12 Month-55.82%
2 Year-43.18%
3 Year-72.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%5.38%
ATR Inc9.19%
Range Today1.25
ADR(20)0.68
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.26
Mansfield-3.05
10 Day High13.64
10 Day Low10.6
20 Day High13.64
20 Day Low9.42
52 Week High33.85
52 Week Low8.79
CS1 End11.71
CR1 Start15.37
Volume & EV
DER(3)-4.99%
DER(5)-3.91%
Volume31.65K
Volume Incr15.29%
Vol(5)32.98K
Vol(50)20.96K