Technical Analysis for WEED - Roundhill Cannabis ETF

Grade Last Price % Change Price Change
F 29.47 -0.77% -0.23
WEED closed down 0.77 percent on Wednesday, October 2, 2024, on 57 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Flat

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Down Weakness 0.00%
Fell Below 50 DMA Bearish -0.77%
Expansion Pivot Sell Setup Bearish Swing Setup -0.77%
Bollinger Band Squeeze Range Contraction -0.77%
Multiple of Ten Bearish Other -0.77%
Outside Day Range Expansion -0.77%
Crossed Above 50 DMA Bullish -2.00%

   Recent Intraday Alerts

Alert Time
Expansion Pivot Sell Entry about 16 hours ago
Fell Below Previous Day's Low about 16 hours ago
Fell Below 10 DMA about 16 hours ago
Possible NR7 about 16 hours ago
Outside Day 1 day ago

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Profile

The fund is an actively managed ETF that seeks to achieve its investment objective by investing primarily in exchange-listed equity securities and total return swaps intended to provide exposure to the cannabis and hemp ecosystem. Under normal circumstances, at least 80% of the fund?s net assets will be invested in equity securities, including common stock and depositary receipts, of companies and REITs that derive at least 50% of their net revenue from, or invest a majority of their assets in, the cannabis and hemp ecosystem (?Cannabis Companies?). It is non-diversified.
Classification

Keywords: Exchange Traded Funds Real Estate Investment Trust Real Assets

Top 10 Components

Symbol Grade Price % Change Allocation
FIZZ D -2.58 4.05

Is WEED a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 49.58
52 Week Low 20.75
Average Volume 6,296
200-Day Moving Average 34.97
50-Day Moving Average 29.69
20-Day Moving Average 29.11
10-Day Moving Average 29.56
Average True Range 0.76
RSI (14) 50.74
ADX 11.24
+DI 33.47
-DI 30.12
Chandelier Exit (Long, 3 ATRs) 28.47
Chandelier Exit (Short, 3 ATRs) 29.28
Upper Bollinger Bands 30.70
Lower Bollinger Band 27.52
Percent B (%b) 0.61
BandWidth 10.93
MACD Line 0.13
MACD Signal Line -0.03
MACD Histogram 0.1583
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.65
Resistance 3 (R3) 29.65 29.59 29.62
Resistance 2 (R2) 29.59 29.54 29.59 29.61
Resistance 1 (R1) 29.53 29.51 29.56 29.53 29.60
Pivot Point 29.46 29.46 29.48 29.46 29.46
Support 1 (S1) 29.40 29.42 29.43 29.40 29.33
Support 2 (S2) 29.34 29.39 29.34 29.32
Support 3 (S3) 29.28 29.34 29.31
Support 4 (S4) 29.28