Proshares Short Midcap400 ETF Forecast

Buy or Hold candidate since Jul 30, 2026 Loss -0.13%

The ProShares Short MidCap400 ETF price fell by -0.130% on the last day (Friday, 31st Jul 2026) from $15.36 to $15.34. During the last trading day the ETF fluctuated 1.24% from a day low at $15.30 to a day high of $15.49. The price has fallen in 5 of the last 10 days but is still up by 0.2% over the past 2 weeks. Volume has increased on the last day by 22 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, 24 thousand shares were bought and sold for approximately $361.52 thousand.

The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.45% during the next 3 months and, with a 90% probability hold a price between $14.04 and $14.96 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

The ProShares Short MidCap400 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 $15.33 and $15.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 30, 2026, and so far it has risen 2.57%. Further rise is indicated until a new top pivot has been found. 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. 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 ETF had a Golden Star Signal on Tuesday, July 28, 2026 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

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

ProShares Short MidCap400 finds support from accumulated volume at $15.30 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 $0.190 between high and low, or 1.24%. For the last week the ETF has had daily average volatility of 1.21%.

Our recommended stop-loss: $14.59 (-4.92%) (This ETF has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (MYY) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect ProShares Short MidCap400 to open at $15.38, and during the day (based on 14 day Average True Range), to move between $15.25 and $15.43, which gives a possible trading interval of +/-$0.174 (+/-1.14%) up or down from last closing price. If ProShares Short MidCap400 takes out the full calculated possible swing range there will be an estimated 1.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.35 (0.07%) than the support at $15.30 (0.26%), 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 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 Buy to a Hold candidate.

Current score: -0.540 Hold/Accumulate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on August 3, 2026 - $15.38 ( 0.239%).

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