Proshares Ultrashort S&p500 ETF Forecast

Sell candidate since Jul 30, 2026 Loss -1.30%

The ProShares UltraShort S&P500 ETF price fell by -1.30% on the last day (Friday, 31st Jul 2026) from $57.88 to $57.13. During the last trading day the ETF fluctuated 3.07% from a day low at $56.84 to a day high of $58.59. The price has fallen in 6 of the last 10 days and is down by -0.85% for this period. Volume has increased on the last day by 592 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, 4 million shares were bought and sold for approximately $233.65 million.

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 -2.60% during the next 3 months and, with a 90% probability hold a price between $53.24 and $58.56 at the end of this 3-month period.

SDS Signals & Forecast

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. The ProShares UltraShort S&P500 ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. On corrections up, there will be some resistance from the lines at $58.30 and $57.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, July 29, 2026, and so far it has fallen -4.64%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for ProShares UltraShort S&P500 ETF

ProShares UltraShort S&P500 finds support from accumulated volume at $56.37 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 $1.75 between high and low, or 3.07%. For the last week the ETF has had daily average volatility of 2.71%.

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

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

For the upcoming trading day on Monday, 3rd we expect ProShares UltraShort S&P500 to open at $57.52, and during the day (based on 14 day Average True Range), to move between $56.43 and $57.83, which gives a possible trading interval of +/-$1.40 (+/-2.48%) up or down from last closing price. If ProShares UltraShort S&P500 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.

Since the stock is closer to the support from accumulated volume at $56.37 (1.33%) than the resistance at $58.41 (2.24%), 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 S&P500 ETF A Buy?

ProShares UltraShort S&P500 holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.750 Strong Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on August 3, 2026 - $57.52 ( 0.680%).

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