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 13
Target ROI
100.0%
Trade Reasoning
The technical indicators for SMH are strongly bullish, with a positive and rising MACD and short-term EMAs that are both positive and rising, signaling a clear upward momentum. This is an optimal entry point as the current stock price is at $405.77, just above the lower strike of $405, allowing for maximum intrinsic value potential. The ATM bull call spread structure enhances risk/reward, as it limits potential losses while positioning for significant gains if the price rises to the $410 strike. 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 -164
Trade Date Feb 10, 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.