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Technical Sentiment Analysis for Roundhill Cannabis ETF (WEED). As of 2026-03-04, Roundhill Cannabis ETF (WEED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 6 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for WEED stands at 45.94, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.62, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 21.77 and the Commodity Channel Index (CCI) at -62.56 further confirm a 0.12 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, WEED is trading above its 60-day moving average of $18.85 and above its 200-day long-term moving average of $16.83. Key price levels to watch include the immediate resistance at $17.77 and strong support at $15.21. A break above $17.77 could signal a bull continuation, while falling below $15.21 may test the next Fibonacci floor at $14.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 12.65 | 14 | 15.21 | 16.56 | 17.77 | 19.12 | 20.33 |
| Fibonacci | 14 | 14.97 | 15.58 | 16.56 | 17.53 | 18.14 | 19.12 |
2026-03-04
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 45.94 |
| Stochastic Oscillator | 21.77 |
| Stochastic RSI | 20.35 |
| Commodity Channel Index (CCI) | -62.56 |
| Awesome Oscillator | -1.55 |
| Momentum | 0.12 |
| MACD | -0.62 |
2026-03-04
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 16.21 | Buy |
| 10-Day | 16.43 | Buy |
| 20-Day | 16.76 | Sell |
| 60-Day | 18.85 | Sell |
| 200-Day | 16.83 | Sell |
| 250-Day | 15.72 | Buy |