ROUNDHILL CANNABIS ETF (WEED) Stock Technical Analysis
USA - NYSEARCA:WEED - US53656F1286 - ETF
20.8006 USD
-2.2 (-9.56%)
Overall WEED gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WEED is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, WEED did better than 81% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
In the last month WEED has a been trading in the 17.43 - 24.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although WEED has an excellent technical rating, it 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
23.98
4 important support areas can be observed.
- Support @19.25 from a trend line in the daily time frame.
- A support zone ranging from 17.78 to 17.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.08 from a trend line in the daily time frame.
- Support @9.17 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 22.12 to 22.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.09 to 23.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @23.74 from a horizontal 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 | UP | POSITIVE | The short term trend for WEED is up. |
| ChartMill Relative Strength | 81.99 | POSITIVE | WEED has a high relative strength, it outperformed 81.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WEED is above the rising 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) | UP | POSITIVE | The current price of WEED is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.27 | NEUTRAL | The RSI value for WEED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests WEED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.25 | NEUTRAL | The Stochastics value for WEED is a neutral value. |
| Average True Range in percent/ATR (20) | 7.05 | HIGH VOLATILITY | The high ATR as a percentage value for WEED suggests high volalility. |
| Average Directional Index/ADX (14) | 27.17 | 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 (10/10/2025, 8:04:00 PM)
20.8006
-2.2 (-9.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-9.56%
1 Week-5.54%
2 Weeks16.92%
1 Month16.66%
3 Month65.13%
6 Month118.1%
12 Month-28.59%
2 Year-10.2%
3 Year-52.47%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.67
ATR(20)%7.05%
ATR Inc15.56%
Range Today2.43
ADR(20)1.32
ADR(20)%6.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.99
Mansfield2.23
10 Day High24.1
10 Day Low19.95
20 Day High24.1
20 Day Low17.43
52 Week High33.85
52 Week Low8.79
CS1 End19.25
CR1 Start22.12
Volume & EV
DER(3)2.26%
DER(5)2.6%
Volume27.67K
Volume Incr-8.99%
Vol(5)32.43K
Vol(50)52.07K