SMH

SMH

Compagnie Generale des Etablissements Michelin SCA
Technology
$598.93 -0.15% As of May 31, 1:01 AM
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Trade Idea

Strategy
Bull Call
Strikes
$435/440
Expiration
May 22
Target ROI
100.0%
Trade Reasoning
The technical indicators for SMH are strongly bullish, as the MACD is positive and rising, indicating increasing momentum, while the short-term EMAs are both positive and trending upward, confirming the strength of the upward price movement. This is an ideal entry point for a Bull Call Spread at the $435/$440 strikes, allowing us to capitalize on expected price appreciation while limiting risk. The ATM spread structure offers an attractive risk/reward profile, as we can achieve significant returns with minimal exposure to downside risk. Maya's edge comes from disciplined trade management—knowing when to exit is just as important as when to enter. Subscribe to get real-time open and close alerts that take the guesswork out of trading.
Bullish Factors
MACD Positive and Rising.
• Short-term EMAs are positive.
• Short-term EMAs are rising.

Technical Analysis

Sell Signal? SMH RSI Peaks at $598.93

Bearish
May 31, 2026 at 1:01 AM • $598.93 (-0.15%)

The stock of Compagnie Generale des Etablissements Michelin SCA (SMH) dropped 0.15% to close at $598.93 on May 31.

Key indicators suggest a bullish bias:

Moving Averages The stock holds above both the 9-day ($583.21) and 21-day ($556.76) EMAs, confirming the uptrend.
Momentum RSI at 71.1 is in overbought territory, suggesting potential near-term exhaustion. MACD reads 30.48 against its 30.42 signal line (bullish).
Volatility Bollinger Band width at 19.5% indicates normal volatility.

The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.

Traders are watching $507.14 on the downside and $616.43 on the upside.

RSI Above 70: SMH Getting Frothy at $598.93

Bearish
May 30, 2026 at 1:08 AM • $598.93 (-0.15%)

Technical Warning: SMH RSI Hits Overbought at $598.93

Bearish
May 29, 2026 at 9:00 PM • $598.93 (-0.15%)

Technical Warning: SMH RSI Hits Overbought at $599.83

Bearish
May 28, 2026 at 9:00 PM • $599.83 (+0.73%)

Technical Caution: SMH Overbought Near $595.50

Bearish
May 27, 2026 at 9:01 PM • $595.50 (-1.11%)
Systematic technical analysis • Updated daily after market close
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Key Stats

Entry Price $2.50
Max Profit $2.50
Max Loss $2.50
Days to Exp -9
Trade Date Apr 13, 2026

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Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.