ON SEMICONDUCTOR (ON) Stock Technical Analysis
NASDAQ:ON - Nasdaq - US6821891057 - Common Stock - Currency: USD
Overall ON gets a technical rating of 5 out of 10. In the past year, ON was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ON is a bad performer in the overall market: 67% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ON has a been trading in the 40.62 - 54.44 range, which is quite wide. It is currently trading near the high of this range.
ON has an average volume of 11519200 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 110 other stocks in this industry, ON did better than 59% of them.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ON has an average technical rating and it also 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
44.61
69.94
When analyzing the support we notice one important area.
- A support zone ranging from 45.06 to 45.26. 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 52.99 to 53.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.29 from a trend line in the weekly time frame.
- Resistance @69.25 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 | NEUTRAL | NEUTRAL | The long term trend for ON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ON is up. |
| ChartMill Relative Strength | 33.57 | 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) | 68.55 | NEUTRAL | The RSI value for ON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests ON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.65 | OVERBOUGHT | The high Stochastics value suggests ON may be overbought. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for ON suggests some volalility. |
| Average Directional Index/ADX (14) | 31.59 | 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)
52.98
+1.2 (+2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.32%
1 Week6.94%
2 Weeks23.38%
1 Month17.21%
3 Month22.67%
6 Month-19.68%
12 Month-26.39%
2 Year-43.98%
3 Year5.31%
5 Year167.31%
10 Year353.21%
15 YearN/A
Volatility
ATR(14)2.37
ATR(20)%4.02%
ATR Inc19.09%
Range Today2.19
ADR(20)1.94
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.57
Mansfield-1.54
10 Day High54.44
10 Day Low41.49
20 Day High54.44
20 Day Low40.62
52 Week High80.08
52 Week Low31.04
CS1 End45.26
CR1 Start52.99
Volume & EV
DER(3)1.76%
DER(5)1.31%
Volume9.89M
Volume Incr-2.6%
Vol(5)10.43M
Vol(50)11.52M