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 20
Target ROI
100.0%
Trade Reasoning
The technical indicators for SMH are strongly bullish, with the MACD showing positive momentum and rising, alongside positive and rising short-term EMAs. This creates a favorable entry point as the stock is currently at $407.90, just above the lower strike of $405, allowing for a high probability of the price moving towards the upper strike of $410. The ATM bull call spread structure maximizes the risk/reward ratio by limiting risk while targeting a significant upside, perfectly aligning with our strategy of capturing price appreciation in this bullish environment. 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%)
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Key Stats

Entry Price $2.50
Max Profit $2.50
Max Loss $2.50
Days to Exp -157
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.