Proshares Ultrashort Health Care ETF Forecast

Buy candidate since Jun 02, 2026

The ProShares UltraShort Health Care ETF price gained 2.59% on the last trading day (Tuesday, 2nd Jun 2026), rising from $19.90 to $20.42. 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 1.01% from a day low at $20.40 to a day high of $20.60. The price has fallen in 6 of the last 10 days and is down by -0.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 221 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $45.53 thousand.

The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.69% during the next 3 months and, with a 90% probability hold a price between $20.29 and $23.18 at the end of this 3-month period.

RXD Signals & Forecast

The ProShares UltraShort Health Care ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $19.65 and $20.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 28, 2026, and so far it has risen 6.64%. Further rise is indicated until a new top pivot has been found. ProShares UltraShort Health Care has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for ProShares UltraShort Health Care ETF

ProShares UltraShort Health Care finds support from accumulated volume at $20.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.205 between high and low, or 1.01%. For the last week, the ETF has had daily average volatility of 0.97%.

Our recommended stop-loss: $19.59 (-4.02%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (RXD) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect ProShares UltraShort Health Care to open at $20.47, and during the day (based on 14 day Average True Range), to move between $20.16 and $20.67, which gives a possible trading interval of +/-$0.507 (+/-2.51%) up or down from last closing price. If ProShares UltraShort Health Care takes out the full calculated possible swing range there will be an estimated 2.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.34 (0.39%) than the resistance at $20.82 (1.98%), 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 UltraShort Health Care 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 UltraShort Health Care ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 2.371 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 3, 2026 - $20.47 ( 0.269%).

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