


Technical Sentiment Analysis for ProShares Short S&P500 (SH). As of 2026-05-05, ProShares Short S&P500 (SH) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 4 indicators are flashing buy, while 10 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SH stands at 29.67, which suggests a Buy condition. Meanwhile, the MACD (12, 26) indicator is at -0.64, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 12.17 and the Commodity Channel Index (CCI) at -104.72 further confirm a -0.92 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, SH is trading below its 60-day moving average of $36.29 and below its 200-day long-term moving average of $36.85. Key price levels to watch include the immediate resistance at $35.14 and strong support at $34.1. A break above $35.14 could signal a bull continuation, while falling below $34.1 may test the next Fibonacci floor at $33.61.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 33.06 | 33.61 | 34.1 | 34.65 | 35.14 | 35.69 | 36.18 |
| Fibonacci | 33.61 | 34.01 | 34.25 | 34.65 | 35.05 | 35.29 | 35.69 |
2026-05-05
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 29.67 |
| Stochastic Oscillator | 12.17 |
| Stochastic RSI | 11.1 |
| Commodity Channel Index (CCI) | -104.72 |
| Awesome Oscillator | -1.8 |
| Momentum | -0.92 |
| MACD | -0.64 |
2026-05-05
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 34.45 | Sell |
| 10-Day | 34.59 | Sell |
| 20-Day | 35.1 | Sell |
| 60-Day | 36.29 | Sell |
| 200-Day | 36.85 | Sell |
| 250-Day | 37.69 | Sell |