RWM Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

ProShares Short Russell2000 (RWM) Moving Averages Convergence Divergence (MACD) indicator is -0.34, suggesting RWM is Strong sell.

ProShares Short Russell2000 (RWM) 20-Day simple moving average is 14.79, while ProShares Short Russell2000 (RWM) share price is $14.27, making it Sell.

ProShares Short Russell2000 (RWM) 60-Day simple moving average is 15.5, while ProShares Short Russell2000 (RWM) share price is $14.27, making it Sell.

Technical Analysis for RWM

Technical Sentiment Analysis for ProShares Short Russell2000 (RWM). As of 2026-05-05, ProShares Short Russell2000 (RWM) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 3 indicators are flashing buy, while 10 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RWM stands at 31.37, 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 9.66 and the Commodity Channel Index (CCI) at -113.12 further confirm a -0.41 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, RWM is trading below its 60-day moving average of $15.5 and below its 200-day long-term moving average of $16.38. Key price levels to watch include the immediate resistance at $14.9 and strong support at $14.24. A break above $14.9 could signal a bull continuation, while falling below $14.24 may test the next Fibonacci floor at $13.92.

ProShares Short Russell2000 (RWM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	13.58	13.92	14.24	14.58	14.9	15.24	15.56
Fibonacci	13.92	14.17	14.33	14.58	14.83	14.99	15.24

ProShares Short Russell2000 (RWM) Technical Indicators

2026-05-05

Name	Value
Relative Strength Index (RSI)	31.37
Stochastic Oscillator	9.66
Stochastic RSI	12.8
Commodity Channel Index (CCI)	-113.12
Awesome Oscillator	-0.86
Momentum	-0.41
MACD	-0.34

ProShares Short Russell2000 (RWM) Relative Strength Index (RSI) is 31.37, creating a Neutral signal.

ProShares Short Russell2000 (RWM) Stochastic Oscillator is 9.66, creating a Buy signal.

ProShares Short Russell2000 (RWM) Stochastic RSI is 12.8, creating a Buy signal.

ProShares Short Russell2000 (RWM) Commodity Channel Index (CCI) is -113.12, creating a Buy signal.

ProShares Short Russell2000 (RWM) Awesome Oscillator is -0.86, creating a Sell signal.

ProShares Short Russell2000 (RWM) Momentum is -0.41, creating a Sell signal.

ProShares Short Russell2000 (RWM) MACD is -0.34, creating a Sell signal.

ProShares Short Russell2000 (RWM) Moving Average

2026-05-05

Period	Simple	Signal
5-Day	14.51	Sell
10-Day	14.56	Sell
20-Day	14.79	Sell
60-Day	15.5	Sell
200-Day	16.38	Sell
250-Day	16.97	Sell

ProShares Short Russell2000 (RWM) 5-Day simple moving average is 14.51, while ProShares Short Russell2000 (RWM) share price is $14.27, making it Sell.

ProShares Short Russell2000 (RWM) 10-Day simple moving average is 14.56, while ProShares Short Russell2000 (RWM) share price is $14.27, making it Sell.

ProShares Short Russell2000 (RWM) 20-Day simple moving average is 14.79, while ProShares Short Russell2000 (RWM) share price is $14.27, making it Sell.

ProShares Short Russell2000 (RWM) 60-Day simple moving average is 15.5, while ProShares Short Russell2000 (RWM) share price is $14.27, making it Sell.

ProShares Short Russell2000 (RWM) 200-Day simple moving average is 16.38, while ProShares Short Russell2000 (RWM) share price is $14.27, making it Sell.

ProShares Short Russell2000 (RWM) 250-Day simple moving average is 16.97, while ProShares Short Russell2000 (RWM) share price is $14.27, making it Sell.