SMH

SMH

Compagnie Generale des Etablissements Michelin SCA
Technology
$573.00 +3.10% As of Aug 28, 12:06 AM
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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

Caution: SMH MACD Histogram Turns Red at $573.00

Bearish
Aug 28, 2026 at 12:06 AM $573.00 (+3.10%)

Shares of Compagnie Generale des Etablissements Michelin SCA (SMH) rose 3.10% to $573.00 on August 28.

The technical setup looks mixed:

Momentum RSI at 51.4 is neutral but improving. MACD reads -3.86 against its -3.57 signal line (bearish).
Moving Averages Moving averages are converging near $564.10 (9-day) and $567.52 (21-day), signaling indecision.
Volatility Bollinger Band width at 10.3% indicates normal volatility.

The $539.16-$597.73 range defines near-term boundaries.

Sell Signal: SMH MACD Turns Bearish at $573.00

Bearish
Aug 27, 2026 at 9:01 PM $573.00 (+3.10%)

SMH Stalls at $555.77 Amid Bearish EMAs

Bearish
Aug 26, 2026 at 9:01 PM $555.77 (-0.01%)

SMH Fails to Reclaim Moving Averages Near $555.82

Bearish
Aug 25, 2026 at 9:01 PM $555.82 (+1.65%)

SMH Breaks Down Through EMAs to $546.80

Bearish
Aug 24, 2026 at 9:01 PM $546.80 (-2.43%)
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 -98
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.