SMH

SMH

Compagnie Generale des Etablissements Michelin SCA
Technology
$540.53 +0.31% As of Aug 2, 1:31 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

SMH Fails to Reclaim Moving Averages Near $540.53

Bearish
Aug 2, 2026 at 1:31 AM $540.53 (+0.31%)

Shares of Compagnie Generale des Etablissements Michelin SCA (SMH) rose 0.31% to $540.53 on August 2.

Key indicators suggest a bearish bias:

Moving Averages Bearish EMA structure persists with price below the 9-day ($547.46) and 21-day ($567.55).
Momentum RSI at 42.5 is neutral but improving. MACD is bearish (-18.07 vs signal -12.70).
Volatility Bollinger Band width at 19.6% indicates normal volatility.

The $515.57-$627.69 range defines near-term boundaries.

SMH Struggles Below Key Moving Averages at $540.53

Bearish
Aug 1, 2026 at 2:15 AM $540.53 (+0.31%)

Technical Damage Mounts for SMH at $540.53

Bearish
Jul 31, 2026 at 9:00 PM $540.53 (+0.31%)

SMH Drops to $538.90 as EMAs Flash Warning

Bearish
Jul 30, 2026 at 9:00 PM $538.90 (+6.88%)

EMA Death Cross Looms for SMH Near $504.22

Bearish
Jul 29, 2026 at 9:00 PM $504.22 (-4.80%)
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 -100
Trade Date Mar 19, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.