Proshares Short Midcap400 ETF Forecast

Sell candidate since Jun 08, 2026 Loss -2.73%

The ProShares Short MidCap400 ETF price fell by -0.766% on the last day (Monday, 22nd Jun 2026) from $15.39 to $15.27. During the last trading day the ETF fluctuated 0.393% from a day low at $15.25 to a day high of $15.31. The price has fallen in 7 of the last 10 days and is down by -2.88% for this period. Volume has increased on the last day by 8 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, 1 thousand shares were bought and sold for approximately $16.87 thousand.

The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.08 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -9.98% during the next 3 months and, with a 90% probability hold a price between $13.58 and $14.44 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

MYY Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 15, 2026, and so far it has risen 0.474%. 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. The ProShares Short MidCap400 ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $15.33 and $15.67. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). ProShares Short MidCap400 gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ProShares Short MidCap400 ETF

ProShares Short MidCap400 finds support from accumulated volume at $15.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this ETF. During the last day, the ETF moved $0.0600 between high and low, or 0.393%. For the last week the ETF has had daily average volatility of 0.769%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Tuesday, 23rd we expect ProShares Short MidCap400 to open at $15.28, and during the day (based on 14 day Average True Range), to move between $15.18 and $15.36, which gives a possible trading interval of +/-$0.183 (+/-1.20%) up or down from last closing price. If ProShares Short MidCap400 takes out the full calculated possible swing range there will be an estimated 1.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.30 (0.22%) than the support at $15.23 (0.28%), 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 Short MidCap400 ETF A Buy?

ProShares Short MidCap400 holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -2.712 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 23, 2026 - $15.28 ( 0.0563%).

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