Proshares Ultrashort Bloomberg Crude Oil ETF Forecast

Sell candidate since Jul 13, 2026 Gain 1.68%

The ProShares UltraShort Bloomberg Crude Oil ETF price gained 5.49% on the last trading day (Tuesday, 28th Jul 2026), rising from $28.05 to $29.59. 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 6.08% from a day low at $28.29 to a day high of $30.01. The price has fallen in 6 of the last 10 days but is still up by 3.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 773 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $204.46 million.

The ETF lies in the middle of a very wide and strong 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 50.13% during the next 3 months and, with a 90% probability hold a price between $25.19 and $60.17 at the end of this 3-month period.

SCO Signals & Forecast

There are mixed signals in the ETF today. The ProShares UltraShort Bloomberg Crude Oil ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the ETF. On further gains, the ETF will meet resistance from the long-term Moving Average at $30.45. On a fall, the ETF will find some support from the short-term average at $26.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, July 01, 2026, and so far it has fallen -18.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for ProShares UltraShort Bloomberg Crude Oil ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $26.60 and $26.24. 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 UltraShort Bloomberg Crude Oil finds support just below today's level at $26.60. If this is broken, then the next support from accumulated volume will be at $26.24 and $25.40.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $1.72 between high and low, or 6.08%. For the last week, the ETF has had daily average volatility of 3.50%.

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

Trading Expectations (SCO) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect ProShares UltraShort Bloomberg Crude Oil to open at $29.30, and during the day (based on 14 day Average True Range), to move between $28.75 and $30.43, which gives a possible trading interval of +/-$1.67 (+/-5.81%) up or down from last closing price. If ProShares UltraShort Bloomberg Crude Oil takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.15 (5.27%) than the support at $26.60 (10.10%), 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 UltraShort Bloomberg Crude Oil ETF A Buy?

ProShares UltraShort Bloomberg Crude Oil holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -3.915 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on July 29, 2026 - $29.30 ( 0.99%).

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