


Technical Sentiment Analysis for Roundhill Cannabis ETF (WEED). As of 2026-07-07, Roundhill Cannabis ETF (WEED) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 2 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for WEED stands at 44.07, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.24, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 37.31 and the Commodity Channel Index (CCI) at -84.44 further confirm a -0.39 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, WEED is trading above its 60-day moving average of $20.85 and above its 200-day long-term moving average of $19.05. Key price levels to watch include the immediate resistance at $22.04 and strong support at $18.85. A break above $22.04 could signal a bull continuation, while falling below $18.85 may test the next Fibonacci floor at $17.29.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.67 | 17.29 | 18.85 | 20.48 | 22.04 | 23.66 | 25.22 |
| Fibonacci | 17.29 | 18.51 | 19.26 | 20.48 | 21.69 | 22.45 | 23.66 |
2026-07-07
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 44.07 |
| Stochastic Oscillator | 37.31 |
| Stochastic RSI | 46.03 |
| Commodity Channel Index (CCI) | -84.44 |
| Awesome Oscillator | -0.22 |
| Momentum | -0.39 |
| MACD | -0.24 |
2026-07-07
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 20.87 | Sell |
| 10-Day | 20.42 | Sell |
| 20-Day | 21.29 | Sell |
| 60-Day | 20.85 | Sell |
| 200-Day | 19.05 | Buy |
| 250-Day | 18.66 | Buy |