SMH

SMH

Compagnie Generale des Etablissements Michelin SCA
Technology
$522.49 -6.98% As of Oct 31, 12:36 AM
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Trade Idea

Strategy
Bull Call
Strikes
$388/393
Expiration
Apr 24
Target ROI
100.0%
Trade Reasoning
The technical indicators for SMH are highly favorable, with the MACD showing a positive and rising trend, signaling strong bullish momentum. Entering a bull call spread at this point, with a current stock price of $388.30 and strike prices of $387.5/$392.5, allows us to capitalize on anticipated upward movement while limiting risk. The ATM spread structure offers an attractive risk/reward profile, targeting substantial returns while maintaining a disciplined approach to trade management. 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.

Technical Analysis

Bears Tighten Grip on SMH Below $522.49

Bearish
Oct 31, 2026 at 12:36 AM • $522.49 (-6.98%)

The stock of Compagnie Generale des Etablissements Michelin SCA (SMH) dropped 6.98% to close at $522.49 on October 31.

Key indicators suggest a bearish bias:

Moving Averages Price sits below both the 9-day ($549.13) and 21-day ($561.90) EMAs, suggesting short-term weakness.
Momentum RSI at 36.7 is in neutral territory but trending lower. MACD is bearish (-12.10 vs signal -9.60).
Volatility Bollinger Band width at 24.2% indicates normal volatility.

Technical levels: $500.85 support, $638.95 resistance.

SMH Bears Take Control as Stock Slides to $522.49

Bearish
Oct 30, 2026 at 9:01 PM • $522.49 (-6.98%)

Technical Momentum Favors SMH Bears at $561.67

Bearish
Oct 29, 2026 at 9:01 PM • $561.67 (-1.06%)

MACD Warns of SMH Weakness at $567.67

Bearish
Oct 28, 2026 at 9:01 PM • $567.67 (+1.74%)

SMH MACD Death Cross Forms at $557.98

Bearish
Oct 27, 2026 at 9:01 PM • $557.98 (+3.03%)
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 -190
Trade Date Mar 19, 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.