Proshares Trust - Proshares Nasdaq-100 Dorsey Wright Momentum Etf ETF Forecast

Buy or Hold candidate since Apr 06, 2026 Gain 55.85%

The ProShares Trust - ProShares Nasdaq-100 ETF price gained 2.20% on the last trading day (Wednesday, 3rd Jun 2026), rising from $80.90 to $82.68. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 2.79% from a day low at $80.65 to a day high of $82.90. The price has risen in 8 of the last 10 days and is up by 20.18% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 40 thousand shares were bought and sold for approximately $3.31 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $80.47, a level that may pose a second chance to hit a runner. According to fan-theory $90.48 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

QQQA Signals & Forecast

Mostly positive signals in the chart today. The ProShares Trust - ProShares Nasdaq-100 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 $78.41 and $69.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 19, 2026, and so far it has risen 20.18%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

Support, Risk & Stop-loss for ProShares Trust - ProShares Nasdaq-100 ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $77.27 and $77.00. 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 Trust - ProShares Nasdaq-100 finds support just below today's level at $77.27. If this is broken, then the next support from accumulated volume will be at $77.00 and $67.05.

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 $2.25 between high and low, or 2.79%. For the last week, the ETF has had daily average volatility of 2.60%.

The ProShares Trust - ProShares Nasdaq-100 ETF is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.

Our recommended stop-loss: $80.23 (-2.96%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (QQQA) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF to open at $82.08, and during the day (based on 14 day Average True Range), to move between $81.67 and $83.70, which gives a possible trading interval of +/-$2.03 (+/-2.48%) up or down from last closing price. If ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $77.27, some $5.41 (6.54%) from the current price of $82.68, our system finds the risk reward attractive.

Is ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF ETF A Buy?

ProShares Trust - ProShares Nasdaq-100 holds several positive signals and has broken the strong rising trend up. As the ETF is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 6.875 Strong Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 4, 2026 - $82.08 ( 0.731%).

Want to trade but not sure how? Our step-by-step guide can help.
Skip the guide? Open account with our trusted broker*
*Your capital is at risk