


Technical Sentiment Analysis for Roundhill Cannabis ETF (WEED). As of 2026-06-12, Roundhill Cannabis ETF (WEED) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 7 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for WEED stands at 49.95, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.78, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 54.09 and the Commodity Channel Index (CCI) at 29.48 further confirm a 0.05 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, WEED is trading above its 60-day moving average of $19.68 and above its 200-day long-term moving average of $19.05. Key price levels to watch include the immediate resistance at $25.7 and strong support at $20.3. A break above $25.7 could signal a bull continuation, while falling below $20.3 may test the next Fibonacci floor at $17.7.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 14.9 | 17.7 | 20.3 | 23.1 | 25.7 | 28.5 | 31.1 |
| Fibonacci | 17.7 | 19.76 | 21.04 | 23.1 | 25.16 | 26.44 | 28.5 |
2026-06-12
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 49.95 |
| Stochastic Oscillator | 54.09 |
| Stochastic RSI | 65.39 |
| Commodity Channel Index (CCI) | 29.48 |
| Awesome Oscillator | 1.92 |
| Momentum | 0.05 |
| MACD | 0.78 |
2026-06-12
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 23.48 | Sell |
| 10-Day | 22.9 | Sell |
| 20-Day | 21.53 | Buy |
| 60-Day | 19.68 | Buy |
| 200-Day | 19.05 | Buy |
| 250-Day | 18.01 | Buy |