


Technical Sentiment Analysis for Roundhill Cannabis ETF (WEED). As of 2026-07-02, Roundhill Cannabis ETF (WEED) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 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 51.57, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.07, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 55.86 and the Commodity Channel Index (CCI) at -12.8 further confirm a 0.88 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, WEED is trading above its 60-day moving average of $20.75 and above its 200-day long-term moving average of $19.04. Key price levels to watch include the immediate resistance at $22.17 and strong support at $18.99. A break above $22.17 could signal a bull continuation, while falling below $18.99 may test the next Fibonacci floor at $17.36.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.8 | 17.36 | 18.99 | 20.54 | 22.17 | 23.73 | 25.36 |
| Fibonacci | 17.36 | 18.58 | 19.33 | 20.54 | 21.76 | 22.51 | 23.73 |
2026-07-02
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 51.57 |
| Stochastic Oscillator | 55.86 |
| Stochastic RSI | 46.2 |
| Commodity Channel Index (CCI) | -12.8 |
| Awesome Oscillator | -0.19 |
| Momentum | 0.88 |
| MACD | -0.07 |
2026-07-02
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 21.24 | Buy |
| 10-Day | 20.62 | Buy |
| 20-Day | 21.64 | Sell |
| 60-Day | 20.75 | Buy |
| 200-Day | 19.04 | Buy |
| 250-Day | 18.58 | Buy |