Proshares Ultrashort Basic Materials ETF Forecast

Sell candidate since Jul 10, 2026

The ProShares UltraShort Basic Materials ETF price fell by -2.39% on the last day (Friday, 10th Jul 2026) from $20.68 to $20.19. During the last trading day the ETF fluctuated 2.80% from a day low at $20.02 to a day high of $20.58. The price has been going up and down for this period, and there has been a 3.54% gain for the last 2 weeks. Volume has increased on the last day by 1 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, 2 thousand shares were bought and sold for approximately $37.30 thousand.

The ETF lies in the middle of a very 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 8.04% during the next 3 months and, with a 90% probability hold a price between $11.73 and $25.03 at the end of this 3-month period.

SMN Signals & Forecast

There are mixed signals in the ETF today. The ProShares UltraShort Basic Materials 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 $20.21. On a fall, the ETF will find some support from the short-term average at $20.03. 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 Tuesday, May 19, 2026, and so far it has fallen -8.99%. Further fall is indicated until a new bottom pivot has been found. ProShares UltraShort Basic Materials gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

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

ProShares UltraShort Basic Materials finds support from accumulated volume at $20.17 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 $0.560 between high and low, or 2.80%. For the last week, the ETF has had daily average volatility of 2.26%.

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

Trading Expectations (SMN) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect ProShares UltraShort Basic Materials to open at $20.26, and during the day (based on 14 day Average True Range), to move between $19.84 and $20.53, which gives a possible trading interval of +/-$0.685 (+/-3.45%) 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 3.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.17 (0.07%) than the resistance at $20.34 (0.77%), 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?

ProShares UltraShort Basic Materials 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold to a Sell candidate.

Current score: -3.396 Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on July 13, 2026 - $20.26 ( 0.380%).

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