Proshares Ultra Basic Materials ETF Forecast

Hold candidate since Jul 10, 2026 Loss -1.18%

The ProShares Ultra Basic Materials ETF price fell by -1.18% on the last day (Monday, 13th Jul 2026) from $29.67 to $29.32. During the last trading day the ETF fluctuated 3.25% from a day low at $29.06 to a day high of $30.01. The price has been going up and down for this period, and there has been a -4.59% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -5 thousand shares and in total, 5 thousand shares were bought and sold for approximately $135.72 thousand.

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 -3.86% during the next 3 months and, with a 90% probability hold a price between $26.07 and $30.36 at the end of this 3-month period.

UYM Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, July 08, 2026, and so far it has risen 1.66%. 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. The ProShares Ultra Basic Materials ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $29.92 and $30.15. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

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

ProShares Ultra Basic Materials finds support from accumulated volume at $28.94 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 $0.95 between high and low, or 3.25%. For the last week the ETF has had daily average volatility of 2.52%.

Our recommended stop-loss: $27.67 (-5.61%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (UYM) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect ProShares Ultra Basic Materials to open at $29.46, and during the day (based on 14 day Average True Range), to move between $28.83 and $29.81, which gives a possible trading interval of +/-$0.99 (+/-3.42%) up or down from last closing price. If ProShares Ultra 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 $28.94 (1.30%) than the resistance at $30.13 (2.76%), 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 Ultra Basic Materials ETF A Buy?

ProShares Ultra Basic Materials holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.190 Hold/Accumulate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on July 14, 2026 - $29.46 ( 0.483%).

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