Proshares Ultrashort Basic Materials ETF Forecast

Sell candidate since Jul 24, 2026 Gain 3.08%

The ProShares UltraShort Basic Materials ETF price gained 4.92% on the last trading day (Friday, 31st Jul 2026), rising from $19.61 to $20.57. 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 1.42% from a day low at $20.42 to a day high of $20.71. The price has been going up and down for this period, and there has been a 0.27% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $45.32 thousand. 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 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 19.02% during the next 3 months and, with a 90% probability hold a price between $15.96 and $30.38 at the end of this 3-month period.

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, 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 $19.90 and $20.03. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 19, 2026, and so far it has fallen -7.26%. 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 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 $20.34 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.290 between high and low, or 1.42%. 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 3rd

For the upcoming trading day on Monday, 3rd we expect ProShares UltraShort Basic Materials to open at $20.57, and during the day (based on 14 day Average True Range), to move between $20.22 and $20.92, which gives a possible trading interval of +/-$0.692 (+/-3.42%) 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 3.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.34 (1.12%) than the resistance at $21.10 (2.58%), 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?

The ProShares UltraShort Basic Materials ETF holds several negative signals and despite the positive trend, we believe ProShares UltraShort Basic Materials will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -1.016 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on August 3, 2026 - $20.57 ( 0.0162%).

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