EWV

Technical Sentiment Analysis for ProShares UltraShort MSCI Japan (EWV). As of 2026-07-07, ProShares UltraShort MSCI Japan (EWV) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for EWV stands at 47.24, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.34, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 54.96 and the Commodity Channel Index (CCI) at -19.97 further confirm a 1.15 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, EWV is trading below its 60-day moving average of $19.01 and below its 200-day long-term moving average of $22.66. Key price levels to watch include the immediate resistance at $18.39 and strong support at $17.1. A break above $18.39 could signal a bull continuation, while falling below $17.1 may test the next Fibonacci floor at $16.4.