SMN Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

ProShares UltraShort Materials (SMN) Moving Averages Convergence Divergence (MACD) indicator is -0.24, suggesting SMN is Strong sell.

ProShares UltraShort Materials (SMN) 20-Day simple moving average is 10.67, while ProShares UltraShort Materials (SMN) share price is $9.9469, making it Sell.

ProShares UltraShort Materials (SMN) 60-Day simple moving average is 10.43, while ProShares UltraShort Materials (SMN) share price is $9.9469, making it Sell.

Technical Analysis for SMN

Technical Sentiment Analysis for ProShares UltraShort Materials (SMN). As of 2026-04-16, ProShares UltraShort Materials (SMN) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 3 indicators are flashing buy, while 8 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SMN stands at 40.62, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.24, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 15.26 and the Commodity Channel Index (CCI) at -82.02 further confirm a -0.53 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, SMN is trading below its 60-day moving average of $10.43 and below its 200-day long-term moving average of $12.66. Key price levels to watch include the immediate resistance at $10.58 and strong support at $9.68. A break above $10.58 could signal a bull continuation, while falling below $9.68 may test the next Fibonacci floor at $9.26.

ProShares UltraShort Materials (SMN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	8.77	9.26	9.68	10.16	10.58	11.07	11.48
Fibonacci	9.26	9.6	9.82	10.16	10.51	10.72	11.07

ProShares UltraShort Materials (SMN) Technical Indicators

2026-04-16

Name	Value
Relative Strength Index (RSI)	40.62
Stochastic Oscillator	15.26
Stochastic RSI	9.43
Commodity Channel Index (CCI)	-82.02
Awesome Oscillator	-0.73
Momentum	-0.53
MACD	-0.24

ProShares UltraShort Materials (SMN) Relative Strength Index (RSI) is 40.62, creating a Neutral signal.

ProShares UltraShort Materials (SMN) Stochastic Oscillator is 15.26, creating a Buy signal.

ProShares UltraShort Materials (SMN) Stochastic RSI is 9.43, creating a Buy signal.

ProShares UltraShort Materials (SMN) Commodity Channel Index (CCI) is -82.02, creating a Neutral signal.

ProShares UltraShort Materials (SMN) Awesome Oscillator is -0.73, creating a Sell signal.

ProShares UltraShort Materials (SMN) Momentum is -0.53, creating a Sell signal.

ProShares UltraShort Materials (SMN) MACD is -0.24, creating a Sell signal.

ProShares UltraShort Materials (SMN) Moving Average

2026-04-16

Period	Simple	Signal
5-Day	9.89	Buy
10-Day	10.09	Sell
20-Day	10.67	Sell
60-Day	10.43	Sell
200-Day	12.66	Sell
250-Day	13.17	Sell

ProShares UltraShort Materials (SMN) 5-Day simple moving average is 9.89, while ProShares UltraShort Materials (SMN) share price is $9.9469, making it Buy.

ProShares UltraShort Materials (SMN) 10-Day simple moving average is 10.09, while ProShares UltraShort Materials (SMN) share price is $9.9469, making it Sell.

ProShares UltraShort Materials (SMN) 20-Day simple moving average is 10.67, while ProShares UltraShort Materials (SMN) share price is $9.9469, making it Sell.

ProShares UltraShort Materials (SMN) 60-Day simple moving average is 10.43, while ProShares UltraShort Materials (SMN) share price is $9.9469, making it Sell.

ProShares UltraShort Materials (SMN) 200-Day simple moving average is 12.66, while ProShares UltraShort Materials (SMN) share price is $9.9469, making it Sell.

ProShares UltraShort Materials (SMN) 250-Day simple moving average is 13.17, while ProShares UltraShort Materials (SMN) share price is $9.9469, making it Sell.