Proshares Ultrashort S&p500 ETF Forecast

Buy candidate since Jun 23, 2026

The ProShares UltraShort S&P500 ETF price gained 2.84% on the last trading day (Tuesday, 23rd Jun 2026), rising from $57.73 to $59.37. During the last trading day the ETF fluctuated 1.90% from a day low at $58.48 to a day high of $59.59. The price has risen in 6 of the last 10 days and is up by 1.02% 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, 693 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $174.73 million.

The ETF lies in the middle of a wide and 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 -23.66% during the next 3 months and, with a 90% probability hold a price between $39.25 and $47.24 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

SDS Signals & Forecast

Mostly positive signals in the chart today. The ProShares UltraShort S&P500 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 $57.82 and $58.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 02, 2026, and so far it has risen 6.51%. 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 is rising along with the price. This is considered to be a good technical signal.

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

ProShares UltraShort S&P500 finds support from accumulated volume at $59.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.11 (1.90%) between high and low. For the last week, the ETF has had daily average volatility of 1.97%.

Our recommended stop-loss: $56.40 (-5.00%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (SDS) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect ProShares UltraShort S&P500 to open at $59.15, and during the day (based on 14 day Average True Range), to move between $58.60 and $60.14, which gives a possible trading interval of +/-$1.55 (+/-2.64%) 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 2.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $59.16 (0.35%) than the resistance at $59.74 (0.62%), 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?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold to a Buy candidate.

Current score: 1.061 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 24, 2026 - $59.15 ( 0.376%).

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