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Technical Sentiment Analysis for Roundhill Cannabis ETF (WEED). As of 2026-03-03, Roundhill Cannabis ETF (WEED) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 4 indicators are flashing buy, while 9 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for WEED stands at 41.69, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.67, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 16.17 and the Commodity Channel Index (CCI) at -159.11 further confirm a -0.76 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, WEED is trading above its 60-day moving average of $18.86 and above its 200-day long-term moving average of $16.81. Key price levels to watch include the immediate resistance at $17.76 and strong support at $15.2. A break above $17.76 could signal a bull continuation, while falling below $15.2 may test the next Fibonacci floor at $13.99.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 12.64 | 13.99 | 15.2 | 16.55 | 17.76 | 19.11 | 20.32 |
| Fibonacci | 13.99 | 14.97 | 15.57 | 16.55 | 17.53 | 18.13 | 19.11 |
2026-03-03
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 41.69 |
| Stochastic Oscillator | 16.17 |
| Stochastic RSI | 25.73 |
| Commodity Channel Index (CCI) | -159.11 |
| Awesome Oscillator | -1.55 |
| Momentum | -0.76 |
| MACD | -0.67 |
2026-03-03
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 16.27 | Sell |
| 10-Day | 16.42 | Sell |
| 20-Day | 16.8 | Sell |
| 60-Day | 18.86 | Sell |
| 200-Day | 16.81 | Sell |
| 250-Day | 15.7 | Buy |