EWV

Technical Sentiment Analysis for ProShares UltraShort MSCI Japan (EWV). As of 2026-03-03, ProShares UltraShort MSCI Japan (EWV) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for EWV stands at 58.92, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.6, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 65.76 and the Commodity Channel Index (CCI) at 156.02 further confirm a 2.28 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, EWV is trading below its 60-day moving average of $22.83 and below its 200-day long-term moving average of $27.72. Key price levels to watch include the immediate resistance at $22.22 and strong support at $18.3. A break above $22.22 could signal a bull continuation, while falling below $18.3 may test the next Fibonacci floor at $16.76.