ON SEMICONDUCTOR (ON) Stock Technical Analysis
NASDAQ:ON - Nasdaq - US6821891057 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ON. In the last year, ON was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, ON is a bad performer in the overall market: 65% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
In the last month ON has a been trading in the 40.62 - 55.01 range, which is quite wide. It is currently trading near the high of this range.
ON has an average volume of 11123700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ON is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 58% of 110 stocks in the same industry.
ON is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ON is lagging the market slightly.
ON has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
44.29
69.73
When analyzing the support we can see 3 important areas.
- Support @51.01 from a horizontal line in the daily time frame.
- A support zone ranging from 46.02 to 46.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.74 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @52.27 from a horizontal line in the weekly time frame.
- Resistance @53.89 from a horizontal line in the daily time frame.
- Resistance @57.81 from a trend line in the weekly time frame.
- Resistance @69.04 from a trend 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 | 35.2 | NEUTRAL | ON is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ON is above 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) | DOWN | NEGATIVE | The current price of ON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.84 | NEUTRAL | The RSI value for ON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests ON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests ON may be overbought. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for ON suggests some volalility. |
| Average Directional Index/ADX (14) | 36.05 | POSITIVE | The high ADX value value for ON suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
52.26
-0.68 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.28%
1 Week0.93%
2 Weeks3.94%
1 Month18.08%
3 Month19.37%
6 Month-20.21%
12 Month-23.73%
2 Year-44.75%
3 Year3.88%
5 Year163.67%
10 Year347.05%
15 YearN/A
Volatility
ATR(14)2.54
ATR(20)%4.52%
ATR Inc-10.68%
Range Today1.96
ADR(20)2.12
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.2
Mansfield-1.51
10 Day High55.01
10 Day Low48.94
20 Day High55.01
20 Day Low40.62
52 Week High80.08
52 Week Low31.04
CS1 End51.01
CR1 Start52.27
Volume & EV
DER(3)1.27%
DER(5)1.01%
Volume7.18M
Volume Incr-14.44%
Vol(5)8.79M
Vol(50)11.12M