Proshares Ultrashort Oil & Gas ETF Forecast

Buy or Hold candidate since Jun 15, 2026 Loss -0.40%

The ProShares UltraShort Oil & Gas ETF price fell by -0.95% on the last day (Friday, 10th Jul 2026) from $20.04 to $19.85. During the last trading day the ETF fluctuated 2.84% from a day low at $19.75 to a day high of $20.31. The price has risen in 6 of the last 10 days but is still down by -3.59% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -15 thousand shares and in total, 19 thousand shares were bought and sold for approximately $385.67 thousand.

The ETF lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.77% during the next 3 months and, with a 90% probability hold a price between $18.73 and $23.48 at the end of this 3-month period.

DUG Signals & Forecast

The ProShares UltraShort Oil & Gas ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the ETF. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $20.55. On a fall, the ETF will find some support from the long-term average at approximately $19.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, July 08, 2026, and so far it has risen 2.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for ProShares UltraShort Oil & Gas ETF

ProShares UltraShort Oil & Gas finds support from accumulated volume at $19.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.560 between high and low, or 2.84%. For the last week the ETF has had daily average volatility of 3.20%.

Our recommended stop-loss: $18.75 (-5.52%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (DUG) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect ProShares UltraShort Oil & Gas to open at $19.97, and during the day (based on 14 day Average True Range), to move between $19.47 and $20.23, which gives a possible trading interval of +/-$0.768 (+/-3.95%) up or down from last closing price. If ProShares UltraShort Oil & Gas takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.93 (0.40%) than the support at $19.15 (3.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ProShares UltraShort Oil & Gas ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ProShares UltraShort Oil & Gas ETF to perform well in the short-term.

Current score: 3.257 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on July 13, 2026 - $19.97 ( 0.605%).

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