ON SEMICONDUCTOR (ON) Stock Technical Analysis
NASDAQ:ON • US6821891057
Overall ON gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ON is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ON did better than 89% of all other stocks.
- ON is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ON is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- ON has an average volume of 9489240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ON is part of the Semiconductors & Semiconductor Equipment industry. There are 114 other stocks in this industry, ON did better than 53% of them.
Besides having an excellent technical rating, ON 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. There is a resistance zone just above the current price starting at 72.21. Right above this resistance zone may be a good entry point.
More info and screens
46.29
We found 4 important support areas.
- Support @63.88 from a trend line in the daily time frame.
- A support zone ranging from 59.43 to 59.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.22 from a trend line in the weekly time frame.
- Support @46.76 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 72.21 to 72.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.94 | POSITIVE | ON has a high relative strength, it outperformed 89.94% 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) | UP | POSITIVE | The current price of ON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.16 | NEUTRAL | The RSI value for ON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ON has a negative trend. |
| Stochastics (14,3) | 72.34 | NEUTRAL | The Stochastics value for ON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for ON suggests some volalility. |
| Average Directional Index/ADX (14) | 28.61 | 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 |
|---|---|---|---|
| 72.22 | 67.01 | 5.21 (7.21%) | 13.86% |
| An entry @72.22. This is a Buy Stop order right above the resistance zone. | An exit @67.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.21 points, which is 7.21%. | When investing 13.86% 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.
69.68
-0.35 (-0.5%)
ON SEMICONDUCTOR / ON FAQ
What is the ChartMill technical rating of ON SEMICONDUCTOR (ON) stock?
ChartMill assigns a technical rating of 10 / 10 to ON.
What is the current trend direction of ON SEMICONDUCTOR (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 61.1551. This indicates that the stock is currently neutral.
What is the MACD signal for ON SEMICONDUCTOR (ON) stock?
The MACD indicator for ON SEMICONDUCTOR (ON) has a value of -0.0895242, indicating a bearish trend.
What is the buy/sell signal for ON stock?
The buy/sell signal for ON SEMICONDUCTOR (ON) is buy as both the short term and long term trends are positive.