Proshares Ultra Basic Materials ETF Forecast

Buy or Hold candidate since Jun 11, 2026 Gain 2.00%

The ProShares Ultra Basic Materials ETF price fell by -0.114% on the last day (Monday, 22nd Jun 2026) from $30.82 to $30.79. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.74% from a day low at $30.46 to a day high of $30.99. The price has been going up and down for this period, and there has been a 4.21% gain 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 -12 thousand shares and in total, 7 thousand shares were bought and sold for approximately $218.85 thousand.

The ETF lies in the middle of a 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 2.68% during the next 3 months and, with a 90% probability hold a price between $28.93 and $33.48 at the end of this 3-month period.

UYM Signals & Forecast

The ProShares Ultra Basic Materials ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the ETF. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $31.10. On a fall, the ETF will find some support from the long-term average at approximately $30.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 16, 2026, and so far it has fallen -3.60%. Further fall is indicated until a new bottom pivot has been found. 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 $30.13 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 $0.530 between high and low, or 1.74%. For the last week the ETF has had daily average volatility of 2.82%.

Our recommended stop-loss: $29.21 (-5.12%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

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

For the upcoming trading day on Tuesday, 23rd we expect ProShares Ultra Basic Materials to open at $30.74, and during the day (based on 14 day Average True Range), to move between $30.29 and $31.28, which gives a possible trading interval of +/-$0.99 (+/-3.28%) 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 3.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.24 (1.48%) than the support at $30.13 (2.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ProShares Ultra Basic Materials ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ProShares Ultra Basic Materials ETF to perform well in the short-term.

Current score: 1.421 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 23, 2026 - $30.74 ( 0.141%).

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