Proshares Ultra Technology ETF Forecast

Buy or Hold candidate since Apr 08, 2026 Gain 88.29%

The ProShares Ultra Technology ETF price fell by -2.01% on the last day (Wednesday, 3rd Jun 2026) from $170.98 to $167.54. During the last trading day the ETF fluctuated 4.22% from a day low at $164.87 to a day high of $171.82. The price has risen in 8 of the last 10 days and is up by 27.67% over the past 2 weeks. 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 -145 thousand shares and in total, 45 thousand shares were bought and sold for approximately $7.50 million.

The ETF lies in the upper part of a very wide and strong 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 $172.32 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 96.64% during the next 3 months and, with a 90% probability hold a price between $261.22 and $338.85 at the end of this 3-month period.

ROM Signals & Forecast

The ProShares Ultra Technology 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 $159.18 and $129.05. 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 Tuesday, June 02, 2026, and so far it has fallen -2.01%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for ProShares Ultra Technology ETF

ProShares Ultra Technology finds support from accumulated volume at $166.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $6.95 between high and low, or 4.22%. For the last week, the ETF has had daily average volatility of 3.16%.

The ProShares Ultra Technology ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: $160.43 (-4.24%) (This ETF has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

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

For the upcoming trading day on Thursday, 4th we expect ProShares Ultra Technology to open at $168.08, and during the day (based on 14 day Average True Range), to move between $164.72 and $170.36, which gives a possible trading interval of +/-$5.63 (+/-3.42%) up or down from last closing price. If ProShares Ultra Technology takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $166.72 (0.49%) than the resistance at $170.98 (2.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ProShares Ultra Technology 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 Ultra Technology ETF to perform well in the short-term. 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 Buy candidate.

Current score: 3.096 Buy Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 4, 2026 - $168.08 ( 0.320%).

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