ROUNDHILL CANNABIS ETF (WEED) Stock Technical Analysis
NYSEARCA:WEED - NYSE Arca - US53656F1286 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to WEED. Recently some decent action could be observed, but in the medium term time frame this is still negative. WEED was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, WEED is a bad performer in the overall market: 92% 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. WEED is lagging the S&P500 Index which is trading in the middle of its 52 week range.
Warning: WEED has an average volume of 6630 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 8.79 - 13.26 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.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of WEED is bad and it also does not present a 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
11.91
21.11
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.14 to 12.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.90 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.84
Mansfield-4.75
10 Day High13.26
10 Day Low9.62
20 Day High13.26
20 Day Low8.79
52 Week High45.05
52 Week Low8.79
Performance
1 Week14.45%
2 Weeks25.74%
1 Month9.13%
3 Month-16.4%
6 Month-59.38%
12 Month-71.3%
2 Year-44.72%
3 Year-81.94%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.36
RSI(14)58.32
LBB8.52
UBB12.63
NYSEARCA:WEED (4/29/2025, 8:04:00 PM)
12.033
+0.6 (+5.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.22%
1 Week14.45%
2 Weeks25.74%
1 Month9.13%
3 Month-16.4%
6 Month-59.38%
12 Month-71.3%
2 Year-44.72%
3 Year-81.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%5.82%
ATR Inc114.75%
Range Today1.45
ADR(20)0.58
ADR(20)%4.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.84
Mansfield-4.75
10 Day High13.26
10 Day Low9.62
20 Day High13.26
20 Day Low8.79
52 Week High45.05
52 Week Low8.79
CS1 EndN/A
CR1 Start12.14
Volume & EV
DER(3)6.23%
DER(5)2.85%
Volume34.00K
Volume Incr238.38%
Vol(5)20.32K
Vol(50)6.63K