ON SEMICONDUCTOR (ON) Stock Technical Analysis
NASDAQ:ON - Nasdaq - US6821891057 - Common Stock - Currency: USD
Taking everything into account, ON scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ON is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ON has a been trading in the 48.94 - 57.13 range, which is quite wide. It is currently trading near the high of this range.
ON has an average volume of 10082000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ON is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ON is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 57% 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 currently trading near new highs, so ON is lagging the market.
Although ON has an excellent technical rating, it does not offer a high quality setup 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
47.96
73.06
2 important support areas can be observed.
- A support zone ranging from 52.40 to 53.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 48.44 to 49.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 56.61 to 56.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @68.62 from a trend line in the weekly time frame.
- Resistance @72.34 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 | 75.28 | POSITIVE | ON has a high relative strength, it outperformed 75.28% off all stocks 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 | MIXED | The current price of ON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.6 | NEUTRAL | The RSI value for ON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.56 | OVERBOUGHT | The high Stochastics value suggests ON may be overbought. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ON suggests some volalility. |
| Average Directional Index/ADX (14) | 35.95 | 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)
56.6
+0.65 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.16%
1 Week5.5%
2 Weeks8.3%
1 Month12.57%
3 Month67.95%
6 Month-11.44%
12 Month-22.87%
2 Year-47.47%
3 Year-15.24%
5 Year174.76%
10 Year432.96%
15 YearN/A
Volatility
ATR(14)1.93
ATR(20)%3.65%
ATR Inc3.08%
Range Today1.5
ADR(20)1.86
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.28
Mansfield-1.08
10 Day High57.13
10 Day Low51.53
20 Day High57.13
20 Day Low48.94
52 Week High80.08
52 Week Low31.04
CS1 End53.91
CR1 Start56.61
Volume & EV
DER(3)2.56%
DER(5)1.89%
Volume5.57M
Volume Incr-25.51%
Vol(5)7.95M
Vol(50)10.08M