SH

Technical Sentiment Analysis for ProShares Short S&P500 (SH). As of 2026-07-07, ProShares Short S&P500 (SH) 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 SH stands at 43.53, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.17, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 16.5 and the Commodity Channel Index (CCI) at -95.63 further confirm a -0.39 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, SH is trading below its 60-day moving average of $33.85 and below its 200-day long-term moving average of $35.76. Key price levels to watch include the immediate resistance at $33.9 and strong support at $32.76. A break above $33.9 could signal a bull continuation, while falling below $32.76 may test the next Fibonacci floor at $32.21.