SMH

SMH

Compagnie Generale des Etablissements Michelin SCA
Technology
$599.83 +0.73% As of May 28, 9:00 PM
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Trade Idea

Strategy
Bull Call
Strikes
$435/440
Expiration
May 22
Target ROI
100.0%
Trade Reasoning
The technical indicators for SMH are strongly bullish, as the MACD is positive and rising, indicating increasing momentum, while the short-term EMAs are both positive and trending upward, confirming the strength of the upward price movement. This is an ideal entry point for a Bull Call Spread at the $435/$440 strikes, allowing us to capitalize on expected price appreciation while limiting risk. The ATM spread structure offers an attractive risk/reward profile, as we can achieve significant returns with minimal exposure to downside risk. 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

Technical Warning: SMH RSI Hits Overbought at $599.83

Bearish
May 28, 2026 at 9:00 PM $599.83 (+0.73%)

Compagnie Generale des Etablissements Michelin SCA (SMH) closed up 0.73% at $599.83 on May 28.

Key indicators suggest a bullish bias:

Moving Averages Moving averages are stacked bullishly—9-day EMA ($579.28) supports, 21-day ($552.55) below.
Momentum RSI at 71.5 is elevated in overbought zone, which often precedes pullbacks. MACD is bullish (30.65 vs signal 30.40).
Volatility Bollinger Band width at 20.4% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $500.33, Resistance at $614.03.

Technical Caution: SMH Overbought Near $595.50

Bearish
May 27, 2026 at 9:01 PM $595.50 (-1.11%)

SMH Buyers Exhausted? RSI Warns at $602.14

Bearish
May 26, 2026 at 9:00 PM $602.14 (+4.48%)

Bullish EMA Stack Supports SMH Rally to $576.32

Bullish
May 26, 2026 at 12:31 AM $576.32 (+1.49%)

Bulls Push SMH Above Key EMAs to $576.32

Bullish
May 25, 2026 at 9:00 PM $576.32 (+1.49%)
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 -6
Trade Date Apr 13, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.