Proshares Ultra Basic Materials ETF Forecast

Sell candidate since Jul 31, 2026

The ProShares Ultra Basic Materials ETF price fell by -4.85% on the last day (Friday, 31st Jul 2026) from $30.49 to $29.01. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.67% from a day low at $28.75 to a day high of $29.23. The price has been going up and down for this period, and there has been a -0.85% loss for the last 2 weeks. Volume has increased on the last day by 10 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, 12 thousand shares were bought and sold for approximately $344.96 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 -2.47% during the next 3 months and, with a 90% probability hold a price between $26.54 and $30.75 at the end of this 3-month period.

UYM Signals & Forecast

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. 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 $30.08 and $30.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, July 28, 2026, and so far it has fallen -7.35%. Further fall is indicated until a new bottom pivot has been found. ProShares Ultra 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".

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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.480 between high and low, or 1.67%. For the last week, the ETF has had daily average volatility of 2.19%.

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

Trading Expectations (UYM) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect ProShares Ultra Basic Materials to open at $28.99, and during the day (based on 14 day Average True Range), to move between $28.50 and $29.52, which gives a possible trading interval of +/-$1.01 (+/-3.55%) 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 3.55% 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 (0.24%) than the resistance at $29.53 (1.78%), 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 is within a wide and falling trend, so we believe 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 Strong Sell candidate.

Current score: -5.276 Strong Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on August 3, 2026 - $28.99 ( 0.0575%).

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