ON SEMICONDUCTOR (ON) Stock Technical Analysis
NASDAQ:ON - Nasdaq - US6821891057 - Common Stock - Currency: USD
Overall ON gets a technical rating of 1 out of 10. ON scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ON is a bad performer in the overall market: 80% of all stocks are doing better.
ON is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 69% of 110 stocks in the same industry do better.
In the last month ON has a been trading in the 46.34 - 60.57 range, which is quite wide. It is currently trading near the lows of this range.
ON has an average volume of 9419620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
ON has a poor technical rating and the quality of the setup is also not perfect 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
46.50
67.82
When analyzing the support we can see 2 important areas.
- Support @48.63 from a trend line in the daily time frame.
- A support zone ranging from 46.97 to 47.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 51.10 to 52.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.86 from a trend line in the weekly time frame.
- Resistance @60.98 from a trend line in the daily time frame.
- Resistance @67.15 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 | DOWN | NEGATIVE | The long term trend for ON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ON is down. |
| ChartMill Relative Strength | 20.22 | NEGATIVE | ON has a low relative strength, it was outperformed by 79.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ON is below a declining 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) | 41.81 | NEUTRAL | The RSI value for ON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.24 | NEUTRAL | The Stochastics value for ON is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for ON suggests high volalility. |
| Average Directional Index/ADX (14) | 21.19 | NEUTRAL | The ADX value for ON suggests a possible start of a new 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)
49.77
-0.76 (-1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.5%
1 Week-0.48%
2 Weeks5.36%
1 Month-20.3%
3 Month20.6%
6 Month-7.92%
12 Month-34.82%
2 Year-49.45%
3 Year-27.63%
5 Year132.9%
10 Year420.61%
15 YearN/A
Volatility
ATR(14)2.54
ATR(20)%5.4%
ATR Inc-52.09%
Range Today1.79
ADR(20)2.23
ADR(20)%4.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.22
Mansfield-1.83
10 Day High52.11
10 Day Low46.35
20 Day High60.57
20 Day Low46.35
52 Week High78.61
52 Week Low31.04
CS1 End48.63
CR1 Start51.1
Volume & EV
DER(3)-3.09%
DER(5)-2.32%
Volume5.74M
Volume Incr-40.52%
Vol(5)6.70M
Vol(50)9.42M