Proshares Ultrashort Oil & Gas ETF Forecast

Buy or Hold candidate since Jun 15, 2026 Gain 3.96%

The ProShares UltraShort Oil & Gas ETF price fell by -2.63% on the last day (Monday, 22nd Jun 2026) from $21.28 to $20.72. During the last trading day the ETF fluctuated 3.36% from a day low at $20.70 to a day high of $21.39. The price has risen in 6 of the last 10 days and is up by 11.76% over the past 2 weeks. Volume has increased on the last day by 64 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 170 thousand shares were bought and sold for approximately $3.52 million.

The ETF lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $21.30 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.51% during the next 3 months and, with a 90% probability hold a price between $18.05 and $22.69 at the end of this 3-month period.

DUG Signals & Forecast

The ProShares UltraShort Oil & Gas ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.01 and $18.67. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 18, 2026, and so far it has fallen -2.63%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

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

On the downside, the ETF finds support just below today's level from accumulated volume at $19.15 and $17.71. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, ProShares UltraShort Oil & Gas finds support just below today's level at $19.15. If this is broken, then the next support from accumulated volume will be at $17.71 and $17.32.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.695 between high and low, or 3.36%. For the last week, the ETF has had daily average volatility of 2.91%.

Our recommended stop-loss: $19.95 (-3.74%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (DUG) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect ProShares UltraShort Oil & Gas to open at $20.94, and during the day (based on 14 day Average True Range), to move between $20.30 and $21.14, which gives a possible trading interval of +/-$0.85 (+/-4.17%) 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 4.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.28 (2.70%) than the support at $19.15 (7.58%), 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?

ProShares UltraShort Oil & Gas holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Hold candidate.

Current score: 0.990 Hold/Accumulate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 23, 2026 - $20.94 ( 1.04%).

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