SMH

SMH

Compagnie Generale des Etablissements Michelin SCA
Technology
$546.80 -2.43% As of Aug 24, 9:01 PM
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Trade Idea

Strategy
Bull Call
Strikes
$405/410
Expiration
Mar 6
Target ROI
100.0%
Trade Reasoning
The current technical indicators for SMH are strongly bullish, with the MACD showing positive momentum and rising short-term EMAs indicating sustained upward momentum. Entering a Bull Call Spread at this price point allows us to leverage the upward trend while minimizing risk, as the ATM structure provides a favorable risk/reward ratio. This strategy capitalizes on the expected price movement while limiting potential losses, aligning perfectly with Maya's disciplined trade management approach. 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

SMH Breaks Down Through EMAs to $546.80

Bearish
Aug 24, 2026 at 9:01 PM • $546.80 (-2.43%)

Compagnie Generale des Etablissements Michelin SCA (SMH) slipped 2.43% to $546.80 on August 24.

The technical picture is bearish:

Momentum RSI at 42.3 is in neutral territory but trending lower. MACD reads -4.00 against its -2.77 signal line (bearish).
Moving Averages Moving averages are stacked bearishly—price below the 9-day at $565.29, resistance at 21-day ($569.32).
Volatility Bollinger Band width at 15.8% indicates normal volatility.

The $518.51-$607.19 range defines near-term boundaries.

SMH Pressured at $560.42 Under Bearish EMA Stack

Bearish
Aug 23, 2026 at 12:22 AM • $560.42 (-0.40%)

Moving Average Resistance Caps SMH at $560.42

Bearish
Aug 22, 2026 at 12:23 AM • $560.42 (-0.40%)

EMA Death Cross Looms for SMH Near $560.42

Bearish
Aug 21, 2026 at 9:01 PM • $560.42 (-0.40%)

Downtrend Intact: SMH Rejected at EMAs, Trades $562.65

Bearish
Aug 20, 2026 at 9:01 PM • $562.65 (+0.31%)
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 -171
Trade Date Jan 30, 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.