We assign a technical rating of 7 out of 10 to ON. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ON is a bad performer.
ON has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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45.20
We found 4 important support areas.
- Support @53.32 from a horizontal line in the daily time frame.
- Support @49.06 from a trend line in the weekly time frame.
- A support zone ranging from 46.69 to 47.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 45.66 to 45.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @56.14 from a trend line in the daily time frame.
- Resistance @57.16 from a horizontal line in the daily time frame.
- Resistance @60.73 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ON is up. |
| ChartMill Relative Strength | 34.64 | NEUTRAL | ON is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ON is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.14 | NEUTRAL | The RSI value for ON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests ON has a negative trend. |
| Stochastics (14,3) | 35.33 | NEUTRAL | The Stochastics value for ON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ON suggests some volalility. |
| Average Directional Index/ADX (14) | 26.47 | POSITIVE | The high ADX value value for ON suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.15 | 53.31 | 2.84 (5.06%) | 19.77% |
| An entry @56.15. This is a Buy Stop order right above the resistance zone. | An exit @53.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.84 points, which is 5.06%. | When investing 19.77% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
54.24
+0.22 (+0.41%)
ON SEMICONDUCTOR / ON FAQ
What is the ChartMill technical rating of ON SEMICONDUCTOR (ON) stock?
ChartMill assigns a technical rating of 7 / 10 to ON.
What is the trend direction for ON stock?
The current trend direction for ON SEMICONDUCTOR (ON) is Bullish.
Can you provide the RSI signal for ON SEMICONDUCTOR?
ON SEMICONDUCTOR (ON) has an RSI value of 53.1423. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ON SEMICONDUCTOR?
The short term momentum for ON SEMICONDUCTOR (ON) is positive.
Can you provide the buy/sell signal for ON SEMICONDUCTOR?
The buy/sell signal for ON SEMICONDUCTOR (ON) is buy as both the short term and long term trends are positive.