Technical Analysis for WEED - Roundhill Cannabis ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 29.62 | 3.29% | 0.94 |
WEED closed up 3.29 percent on Friday, November 1, 2024, on approximately normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Stochastic Reached Oversold | Weakness | 3.29% | |
| Gapped Up | Strength | 3.29% | |
| Down 3 Days in a Row | Weakness | 3.29% | |
| Down 4 Days in a Row | Weakness | 3.29% | |
| Down 5 Days in a Row | Weakness | 3.29% | |
| Oversold Stochastic | Weakness | 3.29% | |
| 50 DMA Resistance | Bearish | 2.55% | |
| MACD Bearish Signal Line Cross | Bearish | 2.55% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | about 20 hours ago |
| Rose Above 50 DMA | about 20 hours ago |
| Up 3% | about 20 hours ago |
| Up 2% | about 20 hours ago |
| Up 1% | about 20 hours ago |
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Basic chart:
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.
Keywords: Exchange Traded Funds Real Estate Investment Trust Real Assets
Classification
Keywords: Exchange Traded Funds Real Estate Investment Trust Real Assets
Top 10 Components
| Symbol | Grade | Price % Change | Allocation | |
|---|---|---|---|---|
| FIZZ | B | 1.28 | 3.84 |
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 49.58 |
| 52 Week Low | 24.08 |
| Average Volume | 5,167 |
| 200-Day Moving Average | 34.90 |
| 50-Day Moving Average | 29.32 |
| 20-Day Moving Average | 30.23 |
| 10-Day Moving Average | 31.00 |
| Average True Range | 0.87 |
| RSI (14) | 46.81 |
| ADX | 18.67 |
| +DI | 36.97 |
| -DI | 30.28 |
| Chandelier Exit (Long, 3 ATRs) | 30.92 |
| Chandelier Exit (Short, 3 ATRs) | 31.29 |
| Upper Bollinger Bands | 33.26 |
| Lower Bollinger Band | 27.20 |
| Percent B (%b) | 0.4 |
| BandWidth | 20.04 |
| MACD Line | 0.10 |
| MACD Signal Line | 0.37 |
| MACD Histogram | -0.2644 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 30.78 | ||||
| Resistance 3 (R3) | 30.65 | 30.14 | 30.59 | ||
| Resistance 2 (R2) | 30.14 | 29.84 | 30.20 | 30.52 | |
| Resistance 1 (R1) | 29.88 | 29.66 | 30.01 | 30.01 | 30.46 |
| Pivot Point | 29.36 | 29.36 | 29.43 | 29.43 | 29.36 |
| Support 1 (S1) | 29.10 | 29.07 | 29.23 | 29.23 | 28.78 |
| Support 2 (S2) | 28.59 | 28.88 | 28.65 | 28.72 | |
| Support 3 (S3) | 28.33 | 28.59 | 28.65 | ||
| Support 4 (S4) | 28.46 |
