


Technical Sentiment Analysis for Roundhill Cannabis ETF (WEED). As of 2026-04-16, Roundhill Cannabis ETF (WEED) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 9 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 56.13, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.2, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 92.57 and the Commodity Channel Index (CCI) at 125.95 further confirm a 1.69 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, WEED is trading below its 60-day moving average of $16.73 and below its 200-day long-term moving average of $17.75. Key price levels to watch include the immediate resistance at $17.93 and strong support at $15.33. A break above $17.93 could signal a bull continuation, while falling below $15.33 may test the next Fibonacci floor at $13.85.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 12.73 | 13.85 | 15.33 | 16.45 | 17.93 | 19.05 | 20.53 |
| Fibonacci | 13.85 | 14.85 | 15.46 | 16.45 | 17.45 | 18.06 | 19.05 |
2026-04-16
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 56.13 |
| Stochastic Oscillator | 92.57 |
| Stochastic RSI | 87.12 |
| Commodity Channel Index (CCI) | 125.95 |
| Awesome Oscillator | 0.7 |
| Momentum | 1.69 |
| MACD | 0.2 |
2026-04-16
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 16.92 | Buy |
| 10-Day | 16.8 | Buy |
| 20-Day | 16.13 | Buy |
| 60-Day | 16.73 | Buy |
| 200-Day | 17.75 | Sell |
| 250-Day | 16.35 | Buy |