EWV Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

ProShares UltraShort MSCI Japan (EWV) Moving Averages Convergence Divergence (MACD) indicator is -0.23, suggesting EWV is Strong sell.

ProShares UltraShort MSCI Japan (EWV) 20-Day simple moving average is 18.82, while ProShares UltraShort MSCI Japan (EWV) share price is $18.41, making it Sell.

ProShares UltraShort MSCI Japan (EWV) 60-Day simple moving average is 20.25, while ProShares UltraShort MSCI Japan (EWV) share price is $18.41, making it Sell.

Technical Analysis for EWV

Technical Sentiment Analysis for ProShares UltraShort MSCI Japan (EWV). As of 2026-06-12, ProShares UltraShort MSCI Japan (EWV) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 0 indicators are flashing buy, while 9 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for EWV stands at 44, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.23, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 56.35 and the Commodity Channel Index (CCI) at -64.14 further confirm a -0.03 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, EWV is trading below its 60-day moving average of $20.25 and below its 200-day long-term moving average of $23.46. Key price levels to watch include the immediate resistance at $19.82 and strong support at $17.69. A break above $19.82 could signal a bull continuation, while falling below $17.69 may test the next Fibonacci floor at $16.66.

ProShares UltraShort MSCI Japan (EWV) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	15.55	16.66	17.69	18.8	19.82	20.94	21.96
Fibonacci	16.66	17.48	17.98	18.8	19.61	20.12	20.94

ProShares UltraShort MSCI Japan (EWV) Technical Indicators

2026-06-12

Name	Value
Relative Strength Index (RSI)	44
Stochastic Oscillator	56.35
Stochastic RSI	67.21
Commodity Channel Index (CCI)	-64.14
Awesome Oscillator	-0.17
Momentum	-0.03
MACD	-0.23

ProShares UltraShort MSCI Japan (EWV) Relative Strength Index (RSI) is 44, creating a Neutral signal.

ProShares UltraShort MSCI Japan (EWV) Stochastic Oscillator is 56.35, creating a Neutral signal.

ProShares UltraShort MSCI Japan (EWV) Stochastic RSI is 67.21, creating a Neutral signal.

ProShares UltraShort MSCI Japan (EWV) Commodity Channel Index (CCI) is -64.14, creating a Neutral signal.

ProShares UltraShort MSCI Japan (EWV) Awesome Oscillator is -0.17, creating a Sell signal.

ProShares UltraShort MSCI Japan (EWV) Momentum is -0.03, creating a Sell signal.

ProShares UltraShort MSCI Japan (EWV) MACD is -0.23, creating a Sell signal.

ProShares UltraShort MSCI Japan (EWV) Moving Average

2026-06-12

Period	Simple	Signal
5-Day	18.99	Sell
10-Day	18.71	Sell
20-Day	18.82	Sell
60-Day	20.25	Sell
200-Day	23.46	Sell
250-Day	25.17	Sell

ProShares UltraShort MSCI Japan (EWV) 5-Day simple moving average is 18.99, while ProShares UltraShort MSCI Japan (EWV) share price is $18.41, making it Sell.

ProShares UltraShort MSCI Japan (EWV) 10-Day simple moving average is 18.71, while ProShares UltraShort MSCI Japan (EWV) share price is $18.41, making it Sell.

ProShares UltraShort MSCI Japan (EWV) 20-Day simple moving average is 18.82, while ProShares UltraShort MSCI Japan (EWV) share price is $18.41, making it Sell.

ProShares UltraShort MSCI Japan (EWV) 60-Day simple moving average is 20.25, while ProShares UltraShort MSCI Japan (EWV) share price is $18.41, making it Sell.

ProShares UltraShort MSCI Japan (EWV) 200-Day simple moving average is 23.46, while ProShares UltraShort MSCI Japan (EWV) share price is $18.41, making it Sell.

ProShares UltraShort MSCI Japan (EWV) 250-Day simple moving average is 25.17, while ProShares UltraShort MSCI Japan (EWV) share price is $18.41, making it Sell.