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Is ProShares VIX Short-Term Futures ETF still a buy after falling -6.48% on Thursday?
(Updated on Jul 30, 2026)
The ProShares VIX Short-Term Futures ETF price fell by -6.48% on the last day (Thursday, 30th Jul 2026) from $22.53 to $21.07. During the last trading day the ETF fluctuated 4.06% from a day low at $21.06 to a day high of $21.92. The price has fallen in 6 of the last 10 days but is still up by 2.48% over the past 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 -2 million shares and in total, 2 million shares were bought and sold for approximately $49.50 million.
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 -24.60% during the next 3 months and, with a 90% probability hold a price between $14.13 and $16.90 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
VIXY Signals & Forecast
There are mixed signals in the ETF today. The ProShares VIX Short-Term Futures 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 $21.45 and $21.72. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, July 15, 2026, and so far it has risen 5.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ProShares VIX Short-Term Futures ETF
ProShares VIX Short-Term Futures finds support from accumulated volume at $21.02 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 $0.86 between high and low, or 4.06%. For the last week, the ETF has had daily average volatility of 4.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VIXY) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect ProShares VIX Short-Term Futures ETF to open at $21.35, and during the day (based on 14 day Average True Range), to move between $20.58 and $21.56, which gives a possible trading interval of +/-$0.98 (+/-4.75%) up or down from last closing price. If ProShares VIX Short-Term Futures ETF takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.02 (0.24%) than the resistance at $21.23 (0.76%), 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 VIX Short-Term Futures ETF ETF A Buy?
ProShares VIX Short-Term Futures 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 Buy to a Sell candidate.
Current score:
-3.663
Sell Candidate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on July 31, 2026 - $21.35 ( 1.32%).
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VIXY Performance
Trading levels for VIXY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.20 | 5.38% |
| R2 | 21.88 | 3.83% |
| R1 | 21.67 | 2.87% |
| Price | 21.07 | |
| S1 | 21.02 | -0.229% |
| S2 | 20.82 | -1.19% |
| S3 | 20.49 | -2.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.31 | 15.38% |
| R2 | 23.29 | 10.54% |
| R1 | 21.23 | 0.759% |
| Price | 21.07 | |
| S1 | 21.02 | -0.237% |
| S2 | 20.66 | -1.95% |
| S3 | 20.34 | -3.46% |
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