Proshares Ultrashort Basic Materials ETF Forecast

Buy or Hold candidate since Jun 10, 2026 Loss -8.33%

The ProShares UltraShort Basic Materials ETF price gained 0.203% on the last trading day (Monday, 22nd Jun 2026), rising from $19.73 to $19.77. 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 1.68% from a day low at $19.63 to a day high of $19.96. The price has been going up and down for this period, and there has been a -4.92% loss for the last 2 weeks. Volume fell on the last day by -992 shares and in total, 0 shares were bought and sold for approximately $0 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies the upper part of a very wide and falling 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 $21.47 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -8.48% during the next 3 months and, with a 90% probability hold a price between $8.11 and $19.65 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.

SMN Signals & Forecast

The ProShares UltraShort Basic Materials 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 $19.58 and $18.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 16, 2026, and so far it has risen 3.67%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ProShares UltraShort Basic Materials ETF

ProShares UltraShort Basic Materials finds support from accumulated volume at $19.60 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.330 between high and low, or 1.68%. For the last week the ETF has had daily average volatility of 2.74%

Our recommended stop-loss: $18.90 (-4.37%) (This ETF has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (SMN) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect ProShares UltraShort Basic Materials to open at $19.78, and during the day (based on 14 day Average True Range), to move between $19.33 and $20.20, which gives a possible trading interval of +/-$0.86 (+/-4.45%) up or down from last closing price. If ProShares UltraShort Basic Materials takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.60 (0.83%) than the resistance at $20.86 (5.54%), 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 Basic Materials 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: 1.655 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 23, 2026 - $19.78 ( 0.0843%).

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